Virtual Trading
What is virtual trading ?
Virtual trading systems, like the one Yalicoo are offering are very similar to the trading system provided by your broker. You are provided an initial amount of money for trading the stocks you like whenever you wish; you can manage your portfolio in different ways in order to discover the optimal path adequate for you. Everything is done virtually, thus you do not invest real money nor do you assume any risk. In other words, you get the opportunity to participate in the stock market without the need to open an account with a broker and putting your savings in danger.
Other virtual stock trading systems on the web allow you to trade stocks using only delayed quotes; it means that if you want to buy a stock, your order will be executed according to an historical price or it will be executed 20 minute after your order. Some of these systems do execute your orders in real market prices; however, you can’t see the current price but only a delayed quote. These limitations make it harder for you to view the real impact on your trading methods. Well, Yalicoo’s system is a totally different story.
Yalicoo is the only virtual trading system currently allowing you to trade stocks using real time quotes (and yes, you can actually see current prices of stocks). It gives you the opportunity to buy or sell stocks from your portfolio using limit or market orders which will be executed immediately. No delays at all. Thus, Yalicoo’s platform simulates real world trading that you may find in your broker’s software. This is a unique opportunity for you to test a variety of trading strategies which you would like to try and march with your style of investments, a system not offered by other virtual investment programs.
The variety of competitions that Yalicoo has to offer, from a daily competition, to a weekly, monthly and even quarterly competition, make it possible to test almost all trading strategies that exist in the literature. In Yalicoo you can be a day trader and pick stocks for the short run, or you can chose to be a value investor just like Buffet; alternatively you may choose to become a quantitative investor like Benjamin Graham, and build a strong portfolio for a longer period.
In the past you could only test your strategies using delayed quotes. Being aware of the weakness of using delayed quotes, we in Yalicoo assured that you have real time quotes for better outcome. As you understand now this is a great improvement, but it is not the whole story. Keep in mind that there are many difference investment strategies it may require significant amount of time and the use of many sources to understand and test them all. Using Yalicoo can help you shorten this period significantly.
Yalicoo is also a community of investors learning from each other. In Yalicoo you can view portfolios of other investors and act immediately. This allows you to verify or reject a specific strategy or a set of methods. Watching the investing strategies of other investors will help you improve your trading skills and become a more successful investor.
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