More about Trading Simulators for those who like to know.
Futures and Forex Traders are finding what they
need at Peregrine Financial Group (PFG). Our future and forex brokers with our
back office staff are dedicated to providing you the futures and or forex trader
with only the best brokerage service possible. Unlike other larger Futures Commission
Merchants (FCMs) with several hundred employees that treat you like a number,
at Peregrine Financial Group (PFG) we strive to deliver the personal human attention
that a futures and or forex trader needs. The futures and forex market move
fast and when there is uncertainty, human help is only a phone call away 24
hours.
Some of the many services PFG provides are managed
futures, futures trading systems otherwise know as trading systems, two online
futures trading simulators and futures research from Single Stock Futures to
long term futures trading.
Managed Futures
Our managed futures service is a futures boutique providing you with a nice
selection of managed futures programs. Whether you are looking to invest 10K
in managed futures with a Commodity Trading Advisor (CTA) or you are an accredited
investor looking to invest over $100K in the managed futures markets we will
take the time to understand what you want and need in a managed futures program.
Futures Trading Systems
If you prefer a more hands on approach to managing your futures account. A futures
trading system may be a good choice. Call 800-656-0443 x 103 and ask about the
Futures Trading Systems we have available for lease for self-directed traders
or to have a broker auto execute the system on your behalf.
Futures Trading Simulator
PFG's futures day trading simulator allows a futures trader to simulate trading
the E-mini S&P and E-mini NASDAQ markets. Real time quotes and a $50,000
trading simulator account allow a trader to use the trading simulator much like
a real futures trading account. What a day trading simulator will not do is
accurately represent the fear and greed associated with trading futures.
Utilizing a Futures Day Trading Simulator will
help a trading simulate the mechanics of Day Trading. A trading simulator will
allow a person to enter a market order to buy or sell. A trading simulator will
allow a trader to practice stop orders or limit orders. A trader can even practice
less used orders like OCOs, MITs, and SCOs on a Trading Simulator. Traders can
practice cancel-replacing orders on the trading simulator. The trading simulator
will also allow a trader to practice how to cancel an order outright. One of
the nicest features on PFG's day trading simulator, Best Direct, is the ability
to right click and pull up a fast menu to cancel orders or change orders. In
the position reference area of PFG's trading simulator you can right click to
populate a ticket to close out a position that is open. On the right hand side
of the trading simulator a trader can get real-time quotes on the E-mini SP
and Emini NASDAQ. By clicking on the price ladder in the trading simulator you
can enter buy stops, buy limits, Sell stops or sell limits without fear of entering
those orders incorrectly,
Other Trading Simulator Features
Trading Simulator Order Management Screen
You can have multiple trading simulator accounts to test different futures day
trading strategies. In the menu area under main of the trading simulator you
can add additional account or edit your quotes and commodity lists. Under view
in the menu area you can pull up your order management screen. One of the nice
features in PFG's day trading simulator is that you can keep a trading record
of all the trades executed on the trading simulator. Export this data to Excel
or as a Tab delimited file. From this screen on the trading simulator you can
also cancel working futures trades or cancel replace working futures orders.
At the end of the trading day you can print out your orders and review your
trading simulator activity.
Trading Simulator Quick Trade
One of the best features of our trading simulator is the Quick Trade ticket.
Designed to preserve screen real estate this feature packs a lot of trading
information in a small package. There are two quick buttons in the trading simulator
CLOSE POSITION and CANCEL ALL orders that make it easy to manage positions for
even the busiest day trader. The split price ladder in PFG's trading simulator
shows live bid and offer prices with quantities built in for the more advanced
trader. Clearly identified Buy and Sell buttons allow a trader to one click
buy and sell in the trading simulator. You also have the choice to join
Forex with the Trading Simulator
PFG also has a Forex trading simulator for those interested in trading the Forex
market. The trading simulator has a charting engine that allows you to get live
Interbank quotes that allow you to utilize the trading simulator to its fullest
potential.
Trading Simulator Charts
PFG has a charting function that allows a futures trader to chart the market
they are trading. That we know of no other trading simulator offers this function.
Additionally, Best Direct the name of our original trading simulator as an API
into Neoticker which is a multi-functional charting program. You can use PFG's
data in conjunction with Neoticker to build trading strategies. Another added
feature is that at the end of the day you can replay the trading market and
review trades you made on your trading simulator or for your real account.
Live Trading Simulator Support
You are never far away from live human support with the PFG Trading Simulator.
Give us a call or email us to get help setting up, or maintaining your trading
simulator. Your broker also has the ability to add your trading simulator to
his platform and look at the same screen you are looking at making trouble shooting
a breeze. Spending 10 minutes with a broker can save you hours of learning all
the advanced features and short cuts that our trading simulators offer.
Day Trading Strategies
When starting to trade you have done the first step right. You signed up for
a trading simulator instead of risking actual cash. Let's use a golf analogy.
When you start to golf you go to the driving range or putting green and practice.
Well using a trading simulator allows a trader to practice certain aspects of
the market. When starting out with PFG's trading simulator the first suggestion
is get comfortable placing market orders buying and selling. Use the charting
function in PFG's trading simulator to focus on a specific chart pattern. If
you can identify a potential bottom or top in a market practice placing buys
and or sells with market orders. The trading simulator will then start to either
add or subtract to your trading simulator account balance. Getting a feel for
how fast you can lose money or make money by the market's movement is an important
step in learning how much risk you might be able to tolerate. Although when
using a trading simulator you cannot fully replicate fear you certainly can
replicate greed. Therefore a word of caution is advised if you are making money
easy in the trading simulator environment. Chances are when you migrate to a
live futures trading account from a trading simulator you will find a new emotion
when you see your account balance go up or down.
One place to learn about day trading is Marsh Jones website www.simple-as-123.net/tradingsimulator.htm
you can download a free course on day trading the E-mini and practice using
PFG's trading simulator. One of the easiest trading strategies is the first
30-minute and 60 minute range break out. After the first 30 minutes of the day
session in the stock market you would mark the high and low on your trading
simulator charts. If the market breaks this range and certain criteria (which
are in the course) are met then you would enter a buy if the market broke out
of the top of the range and a sell if the market broke below the bottom of the
range. The same rules would apply to the first 60 minutes.
Single Stock Futures
If you are interested in trading Single Stock Futures please call either Frank
Benvenuto or Peter Slaga. We will be glad to give you all the education needed
to help you make a decision on whether trading Single Stock Futures is right
for you.
Long Term Research
We have several brokers that have over 10 years experience. Our in house research
and research we have from other resources allows us to help you become a better
trader.
Common misspellings of Trading simulator are trading simulater, online trading simuloator..
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