Don’t lose money! Practice stock trading with this free stock simulator on Webull and get a free share of stock. https://mystockmarketbasics.com/webull
Is it me or is the worst feeling in the world when you finally invest in a stock and the price starts dropping almost immediately? Sometimes it seems as if the market is rigged against you. Even if you’re not stock trading and have a long-term strategy, it sucks to lose money on your investments.
It’s why I love using stock simulators to test out my stock trades and strategies. I can trade stocks and implement my trading strategies without risking a dime. It’s improved my trading success rate by more than 2X and it’s all completely free.
In this video, I’ll walk you through how to practice stock trading with a stock simulator on Webull. There are a few other sites with good paper trading features like ThinkorSwim and Investopedia but I like the stock trading app on Webull because I get other features I need to trade stocks.
I’ll show you the charting, technical indicators and other features I use to test out my ideas and practice trades. We’ll look at the tools beginner investors can use to invest in stocks and never worry about losing money.
Whether you want to trade stocks or buy long-term investments, don’t miss this stock simulator to practice before you jump in with real money. Even if you don’t use the Webull app to invest, use that paper trading app to learn how to invest.
0:20 Why use a stock simulator before you start investing
0:35 How to practice stock trading
2:27 How to begin investing with paper trading
4:15 Tools for Beginner Investors
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.