Trading services provider Trade Nation has launched a new-to-market trading simulator — a free, interactive resource to help beginners build confidence and become comfortable with all the steps necessary to make a trade.
The tool can also be used by anyone who needs to refamiliarise themselves with key trading concepts.
As well as being free to use, it can be accessed by all traders — not just Trade Nation customers. Users can simulate as many trades as they like without any obligation to sign up for an account. No commitment, no risk, and no money involved.
Traders can use this exclusive tool to walk through a trade where they’re responsible for making all the decisions along the way. This means choosing how much money they’re willing to trade, how much risk they want to take, and how far they’ll go to manage that risk.
Easy to use – even for beginners
The simulator explains what every stage involves and clearly unpacks what all the unfamiliar terms and concepts mean with the help of snappy yet informative videos on key topics. With full interactivity and impressive functionality, it is designed to be easy to use, even for traders with no trading experience whatsoever.
An updated trading summary at the end of each trade allows users to see their trading history and analyse how their decisions have impacted how much they have won or lost. The company says it believes that this experience is a way of getting beginner traders in the habit of making informed decisions, so when they place a real trade, they have the understanding and confidence to do so responsibly.
“No confusing jargon”
“Breaking down the complexities of trading is at the heart of what we do here at Trade Nation and our one-of-a-kind trading simulator is the perfect way for traders to gain the knowledge and experience they need before risking their own money,” said Stuart Lane, CEO at Trade Nation. “We’re very proud of this product, which is why we have made it available to all traders rather than limiting it to our customers alone. There’s no confusing jargon and with clear demonstrations and helpful videos, we’re sure that this will equip traders everywhere to make sensible, responsible trades and feel confident while doing so.”