by CI Staff
RapidSP is a forex, futures, stocks and commodities day/swing trading simulator that uses real tick data and allows simulated tick-by-tick trading. The program allows you to trade at your own pace and find out the results of the trade shortly after. This kind of approach is important for traders who prefer to “paper-trade,” or simulate the results of a possible trade, before risking their own money in the markets. RapidSP includes a year’s worth of tick data.
When you first open the program, it will direct you to a website where you answer a couple questions and receive a three-digit code. This step requires no payment. Next, you begin to set up RapidSP by setting up parameters that can only be set at the beginning of a trading day. This includes commission fees, exchange rates and other information about your trading style. RapidSP is designed to let investors run day/swing trading simulations at a speed of their choice in order to gain experience. The program does not support real-time data. The data it uses is captured in the U.S. Eastern time zone, 24 hours a day.
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