Your Questions About Paper Trading Futures

Richard asks…

How do I increase my knowledge of the stock market?

How do I increase my knowledge of stocks, bonds, trading, futures, commodities?

John answers:

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Here is some reading material that can get you started in the right direction.
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Warren Buffett Way by Robert Hagstrom
Trading for a Living, by Alexander Elder
What Works on Wall Street by James O’Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. ( ,
Other website that can provide instructions and help with procedures and terminology are Investopedia – Stock Charts –…

Visit some of the more professional websites like Zacks Research – Smart Money – Schaeffer’s Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature. And when you think you want to invest/trade, try some paper trading at to practice trading/investing

Ken asks…

Where can I open a demo account to practice Stock Trading?

Hi all,

Please can you suggest me where can I open a demo account to practice Trading Stocks, Futures and Options?

Thanks in advance!

John answers:

ThinkOrSwim (TDAmeritrade) has a paper trading demo available. They have Stocks, Options, Futures & Forex. Keep in mind…. The results in any demo/paper trading will never give you an indication of what your true results would be with real money. This is especially true the lower the price of the stock & the shorter your time period.

Lisa asks…

Where is a good place to learn commodity futures trading?

Where’s a good place, for beginners, to learn commodity futures trading?

John answers:

There are a bunch of sites that can teach you how to trade. The most important thing to remember is that trading can be risky. The nice thing about trading stocks, commodities, etc. Is you can practice on paper first before you trade with real money. Paper trading may help you to gain some confidence in your ability to trade but remember to be realistic and honest with yourself when logging your trades. Paper trading will not account for thin market conditions or missed fills so remember to take that into consideration as well. I like chart patterns because there is no leg time in your signals.

Here is a list of sites that may help you out:

Some exchange sites:

This is a good site with lots of videos and weekly updates:

Hope this helps you and good luck.

Maria asks…

Im interested in futures trading but dont understand terminologies?

Im interested in futures trading but dont understand terminologies. Things like high and low leverage, speculative stocks, rights, puts and calls, new issues and “penny stocks”. Plus a lot more. Is there and good book for explaining terminologies and the like in regards to futures trading. Thanks

John answers:

There is nothing wrong with not knowing or understanding the terminologies, but at this point you should not be trading futures they are high leverage and the futures traders will gladly take whatever money your willing to give them. Paper trading is what you want to do lots of free trials out there. There is also tons of info on the internet about futures trading. Google it.

Michael asks…

How did the steam locomotive change the lives of future Americans?

please help me out history people! i have to write a paper thats due on tuesday!!

John answers:

Steam locomotion was probably the most significant factor that initialized the industrial revolution. Without the railroads we would not have the infrastructure we have today since even heaviest trucks and jets can’t transport the bulk that rail can. The technology also changed American (and human) life forever by linking people across the continent while also providing a much faster means of trade/materials transport. Until road and air travel mostly supplanted rail as America’s primary mode of transportation, the railroads were a hub to the outside world for early Americans. In essence the steam engine proved the viability of using mechanical engines to power transportation over using animal or man power.

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