Try the TraderEx Simulation
TraderEx is an excellent addition to StockTrak that will give you valuable hands-on experience managing time and market pressures placing you in the roll of a Wall Street trader.
While StockTrak.com simulates being a portfolio manager where you buy and sell securities over a few months, we would also like to show you what it is like to be a trader on a trading desk on Wall Street where you might have a specific task of buying 1,000 shares of Apple (AAPL) or selling 300 shares of Intel (INTC) over the next 5 or 10 minutes. This downloadable Java application is provided FREE to StockTrak students by TraderEx.
TraderEx behaves just like the real market whose mission is to enable you to try to buy shares at the lowest price possible; or to sell shares at the highest price possible. TraderEx places you in the roll of a Wall Street Trader who has no time to lose as your portfolio manager gives you buy and sell orders to execute in a continuously simulated order-driven market. While not every student will become a professional trader, the simulation will offer exceptional insights into the world of professional trading – buying and selling in brief intervals of 5, 10, and 15 minutes.
The TraderEx Simulation is designed to provide students with hands-on experience in making and implementing tactical short-term stock market trading decisions in different market environments. This TraderEx simulation will show you a few things that will help make your StockTrak experience more meaningful:
THE FIRST TIME YOU USE TRADEREX, YOU MIGHT BE TOTALLY CONFUSED, SO PLEASE READ CAREFULLY!
TraderEx is a computer driven stock market whose mission is to teach you how to buy low and sell high. The simulation exercise begins with your portfolio manager handing you an order to buy or sell medium-to-large sized lots of shares in a continuous, order-driven market.
Your job is to get the best possible price within the time allotted, working against the computer’s algorithms. As the simulation advances, pressure can build, offering participants valuable insight into what it takes to trade professionally for major investment managers.
Not to worry – unlike the real markets, you can always press PAUSE if the pressure gets too much!
Having trouble installing the application? Click Here to view the TraderEx technical support page.
Once you have completed your timed TraderEx simulation, you will receive a brief report showing how you performed versus recent students for that assignment.
Now that you have an idea, watch this video:
For more information, please see the TraderEx Student Manual:
To start playing, click this link:
Keep practicing to see if you get better!
If you would like to compete against your classmates in a networked version where the market is taken from other students and not from a random market, then have your professor contact us:
Director of Corporate and Educational Sales
Phone: 1 (514) 871-2222 Ext. 232