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paperMoney
Turn Theory into Practice
Every Investing Foundation Course student learns the nuts and bolts of paper trading and practices executing trades online. But not every student is ready to jump into the market immediately after passing the final exam. With Investools' exclusive paperMoney application, students can safely apply what they've learned about buying and selling stocks, options and currencies. The software works exactly the same as a real online brokerage system, executing buy and sell orders, setting stops—but no actual money changes hands.
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paperMoney™
See what the fuss is all about. Test drive paperMoney now. After you watch this demo, you will understand these steps of the stock buying and selling process:
- The difference between a limit order and a market order
- Why a day order is a good choice for many transactions
- How to confirm and send a stock purchase or sale order to the online broker
- What happens when an order changes from working to filled
- The process of setting stop orders and choosing bid prices for them
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paperMoney™—How it works
Although paperMoney is a powerful program, it's easy to learn how to use. To begin with, we deposit $10,000 in each student's paperMoney account, to be used for buying and selling stocks, options and currencies, depending on the course. Students can access these features:
- Choice of two dynamic quote displays, Quoteboard and Dashboard
- Real-time streaming quote feed on all displayed pairs
- Mouse-over display of pip cost and spread; open, high and low prices
- Six real-time, customizable online statements
- Basic and advanced order entry functionality
- More than 130 currency pairs available to trade, from major pairs to exotic crosses
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Feature Highlights
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Monitor
Look at your current orders and positions.
Trading
Stock, option, futures, fund and bond strategies.
Quotes
Access fundamental data for favorite symbols.
Alerts
Set alerts when stocks or options meet
specified conditions.
Prophet
Charting application from Prophet.net.
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Accounts
Review your account activity and
trade history.
thinkSpreads
See all currently working spread orders.
Charts
Study charts and apply technical analysis.
Watch
View pages for upcoming corporate actions.
FX
Trade foreign currencies in the forex market.
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Copyright 2008 Investools Inc. All rights reserved. Terms of use apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law. Quotes are delayed by up to 20 minutes depending on the exchange.