Stock market simulation software is just that, software which simulates the market and how it unfolds so that you can trade ahead of the curve accordingly. This software has enabled first time and inexperienced traders to trade effectively and without emotions just like the pros so if you want to realize your financial independence through cold mathematically crunched algorithmic trading and nothing more, consider these 3 marks of the best stock market simulation software.
First, think of this like any other purchase which you would make and be sure that you have a money back guarantee with the stock market simulation software you go with. The best publishers all offer money back guarantees and even encourage you to try their software out by getting it with that guarantee in place and having that out as you gauge the subsequent performances of that program’s picks as they unfold and play out in the real market.
A void of a money back guarantee means that it’s a fly by night company which is just out to capture your dime so don’t waste your time and take your business elsewhere.
Secondly, go with a stock market simulation software which narrows its scope on the types of stocks it targets. Some programs focus exclusively on cheaper stocks like penny stocks which are capable of greater appreciations or depreciation in the short term. This is a substantial difference to make given how different of an analytical process it is anticipating the behavior of cheaper stocks versus greater priced, more established stocks which require far more influence to see them move substantially.
I’ve always had the best experiences with programs which focus their attention on one or the other versus the programs which attempt to label themselves as a better value because they cover all values of stocks, so keep that in mind.
Finally, consult user review sites to learn things about the stock market simulation software which you won’t learn from the publishers themselves. You can learn things about the software from someone who is coming from your position and in your own shoes which can be a much greater insight versus anything else.
You might also consider contacting their support letting them know that you’re interested in their software and asking any other questions while gauging the amount of time it takes from them to get back to you. This is in case you ever have any issues you’ll want to know that they’ll be addressed and handled in full very quickly.