Which Trading System Is Best For Beginners?
These days, a 9-5 job just doesn’t cut the mustard anymore. It may keep a roof over your head and food on the table, but for the finer things in life, like holidays and that old-fashioned concept - security, more and more people are turning to trading stocks. The best way to learn how to trade and not lose any money while you’re learning is to pick out a trading system platform that suits you and your lifestyle.
For most people, especially those juggling an already busy work and home life, the best kind of trading system platform is one that lets them get on with that domestic juggling and requires only the minimum input from them. Online trading systems are ideal for ”part-time” stock trading, as the software they use allows you to set predefined buying and selling points any time you want, and then it takes over and does as it’s told until you tell it something different.
The first port-of call for a newbie looking for a reliable and user-friendly trading system is simulator.investopedia.com. This is an all-singing all dancing website which lets novice traders try out 100% risk-free stock trading with its virtual trading tool. You play with Monopoly money to get a feel for how the world of trading works, and also a feeling for how well you work before you spend a real cent.
There are plenty of other online trading sites, like Trade King and ETrade, and you should have a look through several before plumping for one. OptionsXpress is particularly recommended for beginners, though, because of the sheer amount of educational tools and help available to those cutting their trading teeth.