Your Questions About Paper Trading Stocks

Sharon asks…

Game/App for computer/iPad for stock trading?

I really enjoy “paper trading” while I am learning a new trading technique. Is there an App or a game I could download that would allow me to track or “place” paper stock trades, and tell me my gains/losses and such? I also thought this would be a fun way to introduce the stock market to my kids.

John answers:

Stock Wars

It lets you start out with 100,000 in paper money and ranks you against the community

Thomas asks…

Question about working at an investment bank ?

Hey, am a 16 year old, just finishing my gcses and am really into trading forex/stocks…… been doing it since the age of 15 and have made good returns on a paper trading account, thus my dad let me do it with real money and turned 1k into 10k in the matter of around 5 months ( dont know how that happened ) but yeeaaah.
So i was wondering would it be possible to do work experience at an investment bank – specifically in trading. Even though am kinda young ?

John answers:

Hello,

I worked on Wall Street for 5 years before I ended the rat race and went on my own.
In my case I had a friend who was licensed at a firm. This helped since you need a firm to sponsor you for your series 7 license. Most forms want you to open accounts for them before you “go on your own”. This means that you will be making a VERY VERY small salary and working as a slave to a Broker before you get your own desk. This is how the “Retail Stockbroker” industry does it for the most part. You can be an analyst or something then you will simply sit in front of charts with other nerds and write research reports. These reports will mostly be what the firm wants you to write since they have an interest in getting out of their stocks etc…….OK I won’t go over your head. Hope this helps..

PEACE!
BT
http://fxlivedaytrading.com

Donna asks…

How equity shares are traded on the London Stock Exchange?

Describe how equity shares are traded on the London Stock Exchange. In your answer, explain the role of the market maker and explain the difference between order driven and quote driven trading systems.

Hi Guys while solving the previous year paper i found the following question. Can you please help me out on this. Allocated marks were 12 for this question (Approximately 25 mins was allowed for this question

Early response would be highly apreciated.. 🙂

John answers:

I don’t see why you cannot go on wikipedia and just find your answer there?

It used to be open outcry, but now trades are performed electronically

Lisa asks…

What do you think of the platform proposed by the Democrats at their convention?

Citizens of the USA have the right to work, that is the right to guaranteed employment and payment for their work in accordance with its quantity and quality.
The right to work is ensured by the organization of the economy, the steady growth of the productive forces of society, the elimination of the possibility of economic crises, and the abolition of unemployment.
Citizens of the USA have the right to rest.
The right to rest provides the reduction of the working day for the vast majority of the workers up to 7 hours, establishment of annual leave to workers and employees with pay, provision for maintenance workers wide network of rest homes and clubs.
Citizens of the USA have the right to maintenance in old age, and – in the case of illness or disability.
This right is ensured by the extensive development of social insurance of workers and employees at state expense, free medical service workers, putting the workers to a wide network of health resorts.
Citizens of the USA have the right to education.
This right to primary education, free education, including higher education, a system of state grants the vast majority of students in higher education, teaching in schools in their own language, the organization of factories, farms, and collective farms of free vocational, technical and agronomic training for workers .
Women in the USA are accorded equal rights with men in all spheres of economic, state, cultural, social and political life.
The possibility of exercising these rights is ensured by women equal right with men to work, payment for work, leisure, social insurance, education, public security interests of mother and child, maternity leave with a wide network of maternity homes, nurseries and kindergartens .
Equal rights of citizens of the USA, irrespective of their nationality or race, in all spheres of economic, state, cultural, social and political life is the immutable law.
Any sort of direct or indirect restriction of rights or, alternatively, direct or indirect privileges for citizens based on their race and national origin, as well as any advocacy of racial or national exclusiveness or hatred and contempt – is punishable by law.
In order to ensure to citizens freedom of conscience, the church in the USA is separated from the state and the school from the church. Freedom of religious worship and freedom of antireligious propaganda is recognized for all citizens.
In accordance with the interests of the working people, and in order to strengthen the system, the citizens of the USA are guaranteed by law:
a) freedom of speech,
b) freedom of the press,
c) freedom of assembly and meetings,
d) freedom of procession and of demonstration.
These civil rights are ensured by placing the working people and their organizations printing presses, stocks of paper, public buildings, streets, communications facilities and other material requisites for implementation.
In accordance with the interests of the working people and to develop the organizational initiative and political activity of the masses of US citizens are guaranteed the right to unite in public organizations: trade unions, cooperative associations, youth organizations, sport and defense organizations, cultural, technical and scientific societies, and most active and conscious citizens in the ranks of the working class and other strata of the working people unite, which is the vanguard of the working people in their struggle to strengthen and develop the US system and is the leading core of all organizations of the working people and the government.
Citizens of the USA are guaranteed inviolability of the person. No one may be arrested except by order of a court or a prosecutor.
Inviolability of the homes of citizens and privacy of correspondence are protected by law.
The USA affords the right of asylum to foreign citizens persecuted for defending the interests of workers, or scientific activities, or the national liberation struggle.
Every citizen of the USA are obliged to observe the Constitution of the United States, the laws, to maintain labor discipline, honestly to perform public duties, and to respect the rules of society.
Every citizen of the USA to safeguard and strengthen public, property as the sacred and inviolable foundation of the system, a source of wealth and might of the country as a source of prosperity and culture of all workers.
Persons committing offenses against public, property are enemies of the people.
Universal military service is law.
Military service is an honorable duty of citizens of the USA.
I guess most people either believe that the Dumbs are this radical or they just haven’t read the Constitution of the USSR 1936. I only changed USSR to USA. It is not really that far from what the Dumbs really want to institute. The scary part is that some people in Y!A agree that this should be instituted in the US. I will post the real platform later.

John answers:

All platforms adopted at national conventions are worth absolutely no more than the toilet paper they’re written on.

I learned a long time ago that the “platforms” are utterly worthless. They are the flimsiest methods of making phony campaign promises of them all. A platform IMPLIES that all members of the party support every one of the planks in it, and it has obviously been proven, over and over again, that it is completely untrue. No one can ever make all members of the party support all of the planks in the platform. The Presidential nominee doesn’t even support all of it!

Michael asks…

college research paper about forex etc trader?

I am having a discussion about either if forex, cfd, stock etc traders are an official business person or not. I think they are a business person because like trading oil is basically a business buying and selling and making a profit.

my question is when you file a tax for a trading profit, can you file any business expense? or anything that will clarify that forex trading is business on tax form?

John answers:

Jon, most traders are employed by large trading companies or brokerages and as such earn a salary and commissions or bonuses and they cannot deduct any business expenses, because those expenses are paid for and deducted (for tax purposes) by the employing firm.

However, if you are talking about an independent trader, he is as much of a businessman as any other profession or trade and he certainly is entitled to deduct all bona fide business expenses.

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