RapidSP features

List of technical indicators & studies available in RapidSP

Resources

Detailed description of technical indicators and studies offered in RapidSP

Knowledgebase/articles

RapidSP user testimonials

"Daytrading allowed me to live and work at place of my choice and enjoy a life style I always wanted. Simulated trading with RapidSP gave me confidence to take a shot at daytrading"

-Randy Dumas, daytrader, Hawaii

"Practicing daytrading with RapidSP daytrading simulator was an eye opener. With Tick-by-tick daytrading simulations I could daytrade all I wanted, as long as I wanted, as fast as I wanted ... without putting any money on line. I realized critical mistakes in my daytrading that I would have never realized in practicing at market speed"

-Jay Freeman, daytrader, U.K.

Other Testimonials

RapidSP trading simulator list of features

Day Trading and RapidSP Trading simulator FAQ

Why Use RapidSP ?

RapidSP is dedicated to daytrading simulation tools. Years ago we could not find a daytrading simulator robust enough to meet the requirements of professional daytraders. It seemed as though literally all trading simulators out there were developed either by charting companies or by brokerages. The reality is that charting companies know very little if anything about real world daytrading and the daytrading tools produced by brokerages designed as a tool mainly to lure new customers in. The majority of daytrading simulators offered today have very little usability. Back in 1999 we decided to create our own daytrading simulation tools to meet the needs of professional daytraders. Now several years later, RapidSP is a very well refined daytrading simulator that thousands of daytraders and students use every day. Many Universities, individual traders, hedge fund managers, CTAs and large multinationals such as BP as well as U.S. government organizations such as Federal prison educational dept. use our product on a daily basis.

How the simulator can help you?

The simulator is part of our recommended 6 steps to daytrading. Please read this short article to find out where the simulator fits into the recommended strategy to learn daytrading.

Why day trade?

Day trading returns can be positive whether market is rising, falling or going nowhere. Day trading can be setup as a part time or a full time business. It holds the potential to offer financial freedom. Daytrading simulations with RapidSP simulation software give you the required daytrading experience risk free at your own convenience and speed.

What are the cons?

As with any other career this is not for everybody. Mistakes while learning can be very costly and learning curve may be very long. RapidSP daytrading simulation software can make this process easy and risk free.

Will the experience gained trading one instrument, help me in trading markets such as stocks, e-mini, currencies, commodities or other indices?

Though daytrading is somewhat market independent, you should practice with instrument that you would like to trade with ultimately. The mechanisms that move markets are different for different markets and the price action that results is also different.

How effective RapidSP is in learning to daytrade?

RapidSP daytrading simulation software allows daytrading simulations that are close to reality. The software helps you develop your own trading strategies. This process can’t be computerized or can't be boiled down into few entry/exit rules. Please read the article 'Why daytrading systems fail' on this site for more information.

Does the software provide market entry/exit points as the trading day progresses?

There are quite a few articles on this site that discuss entry/exit strategies. The RapidSP trading simulator comes with over 100 technical indicators, line studies and price styles. You can use many of these or combinations of these to come up with entry exit points.

Can I develop instincts for day trading?

RapidSP day-trading simulator is designed for this purpose. The trading simulator will help you gain years of day trading experience in much shorter time duration with no risk. With enough practice your mind will learn to apply many rules without you being specifically aware of them to provide you with good decision making skills and trading judgment.

How this trading simulator software is different than most other trading systems/simulators on the market?

RapidSP day trading simulator is not trading system. Most trading systems use a rule-based approach to generate entry/exit decisions. The rules themselves are derived from historical data. The real nature of market is much more complex. Using trading systems to make trading decisions is similar to trying to teach a computer to drive by giving it a set of few rules. In reality, good driving or trading is achieved more by instincts that are developed with practice. Most of the trading systems fail to address the complex and chaotic nature of trading markets and try to generate buy sell decisions based on few rules. RapidSP works with you to give you very close to reality trading experience at a pace you choose.

How long should I practice day trading with the trading simulator software?

This trading simulator software offers you the best tools as of today to learn futures day trading. Day trading futures market is a difficult to learn process. Not everybody can be good at day trading but if you have the inclination and potential, this trading simulator software will develop the temperament and skill set needed to succeed without risking any money in real market. You should practice trading with RapidSP trading simulator till you develop enough confidence in your trading abilities. As a rule of thumb, you may not want start day-trading real markets until you see some positive results over few years of simulated trading which should take few weeks.