When learning how to manage your own investments. It is important to experiment, as well as, learn in an environment that allows you to practice without anything at risk. This can be done by paper trading, also knows as virtual trading.
Today Paper Trading is done on a platform that validates that the trade you entered would indeed be accepted if it was backed by money.
You will learn how to setup a FREE paper trade account and practice placing some trades. You will also learn about the different types of orders and how they are used.
This course is for anyone who wants to learn how to setup an virtual trading account or wants an overview of some of the common trading platforms available.
Introduction to your instructor Mark Ely. Overview of what you can expect from this course.
In this section you will learn about the purpose of paper trading. If is obvious that having a paper trading account allows you to learn and practice without risk. However, you can also create "What-if" porfolio's to see how they would have turned out if you would have placed them in real life. Paper trading is a not only a learning process, it is also a technique you keep with you even as an expert.
Basic understanding of paper trading
Six questions you should rank in order before picking your online trading broker.
I discuss virtual trading contest where you can compete against other traders using virtual money. However in some cases the winner can actually win real money.
The important points of picking a online broker
The Chicago Board of Options Exchange (CBOE) provides a virtual trading platform for free. This section will introduce you to getting a functional understanding on how to place trades using the "Virtual Trading" platform provided by Charles Swab (OptionsXpress).
This section will introduce you to getting a functional understanding on how to place trades using the "Virtual Trading" platform provided by CBOE TD Ameritrade ThinkOrSwim.
In this lecture I cover the purpose of different order types. These are ways of how to execute your trades and control the exits at the beginning of your trade. Therefore creating an automated transaction process.
Mark Ely has over 20 years in the financial industry as an educator, software contributor, writer, technical leader, radio host, and innovator.
CEO, Co-Founder, and creator of TradeCaddie - provides options tools, research analysis, and education for options and equity investors.
Co-Host of Power Trader Radio - a radio show for Options Traders.
Created options trading platforms that interface with OptionsXpress, ThinkOrSwim, Interactive Brokers, and TradeKing.
Chief Operating Officer for an options education company that provided seminars, workshops, online education for over 8000 students.
Created compliance software for FINRA (Financial Industry Regulatory Authority) that managed the transactions of brokers with their clients.
Wrote the technical manual for DBCAMS a Morningstar Principia software for managing financial portfolio’s between brokers and their clients.
Chief Technology Officer for a broker dealer.
Associates - CCAF
Bachelors- Missouri University of Science and Technology
Masters - Webster University
Andy holds a Masters Degree in Public Administration and is a member of the PMI, graduating Magna Cum Laude with a B.S. in Business and minors in Economic and Political Science. Andy has over 20 years of experience in the government finance sector. As a hands on Operations Manager he combines his knowledge of finance with his love for technology to provide excellent training materials and visual aids for students of options trading. Andy also works closely with leaders in the financial industry and community
In his free time, Andy is attempting to qualify once again for the 70.3 Ironman World Championships, and is a Huddle Leader for FCA Endurance.
Koppireddy has over 14 years as a professional software engineer. Throughout this period he has created algorithmic models and applications in regards to financial programs which managed and control statewide budgets, as wells as, commercial payments systems.
He has created a BOND management systems that monitor and managed State Issued bonds.
His understanding of complex mathematical models with linear problem solving to project statistical probabilities, is not only outstanding but sought after by premier institutions and companies in the investment realm.
His goal is to simplify the complexities of investing down to its simplest component, which in turn can be used by anyone who is interested in increasing their chances of making money through investing.
Bachelor’s degree in Math and Physics
Masters in Computer Science