The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (2024)

The stock market is complex and volatile, and it's way too easy for new traders and investors to lose money.

In fact, it's almost impossible for new traders not to lose money. It's almost a right of passage to blow your first trading account, wasting thousands of dollars. But that doesn't need to be the case.

Stock market simulators allow new traders to practice trading with virtual money, also called paper trading. You can learn new strategies and put them to the test without risking any of your own money. This is a serious advantage.

In addition to saving you a lot of money, paper trading will save you time and frustration as you work on developing new strategies.

This is exactly what many experienced traders do. And only after they establish a strategy they know will work do they take it to live markets.

There are many trading simulators to choose from, but there are a few that are significantly better than the rest.

Here are my 9 favorite simulators to practice trading and investing.

1. TradingView

  • Overall rating:
  • Best for: Active traders (day and swing traders)
  • Cost: $12.95/month for Pro (after a 30-day free trial)

TradingView is my number one choice for one reason: It's the one I use. If you're serious about becoming a trader, you should consider using it too.

TradingView's simulator is called “Bar Replay” mode. You can set the day, timeframe, indicators, and then start “trading” using its Long or Short drawing tools.

Here's how it looks when I use it:

The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (1)

You can see I'm in a short trade with my entry at 4390.75, my stop at 4394.50, and my price target at 4368.75. Then I let the trade play out, see if my price target is hit or if I get stopped out, then mark down the result of the trade and move on.

I have probably spent more than 150 hours in TradingView's Bar Replay mode, and use TradingView for all of my charting.

Despite how feature-rich and powerful it is, my favorite part about TradingView is how intuitive it is - it feels like an extension of myself (it reminds me of my iPhone's user experience). It's fast, smooth, and easy to use.

The biggest downside to TradingView is that it's not free (you'll need TradingView Essential to practice trading, which costs $12.95 per month). That said, it's an exceptional product, and has more than paid for itself in my trading “career”.

You can use the link below to try it free for 30 days. Then you can decide for yourself if it's worth the cost or not.

Get your free TradingView trial

2. TradeStation

  • Overall rating:
  • Best for: Active traders who want a free simulator and need a brokerage account
  • Cost: Free

TradeStation is a brokerage geared toward active traders. If you still need a brokerage and are looking for a free trading simulator to practice on, here's your solution.

The best part about practicing on TradeStation's simulator is that the interface and order ticket is the exact same as its live trading, so you'll know exactly what you need to do to place orders when you're ready to start trading for real. Here's a look:

The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (2)

Its simulator offers real-time data, unlimited paper trading dollars, and complete backtesting capabilities.

It will also keep track of your profits and losses for all of your virtual trades, something you'll have to manually do on TradingView (which is what I do).

You can practice placing stock, option, and futures trades.

Plus, TradeStation is one of the top-rated brokerages for active traders, so you'll be set up with one of the top platforms when you're ready to start trading real money.

Check out TradeStation

3. eToro

  • Overall rating:
  • Best for: Beginner investors who want to practice placing trades
  • Cost: Free

eToro offers a Demo Account to all of its users which allows you to practice investing with $100,000 in virtual currency.

The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (3)

Like TradeStation, practicing on eToro's Demo Accounts will give you experience placing orders and watching your account balance rise and fall on its platform without risking your own money.

You can invest in stocks, ETFs, and cryptocurrencies on eToro (and in its Demo Accounts) from your computer or its mobile app.

Practicing on eToro will also give you access to its social investing features like CopyTrader, its feature which you can use to copy the moves of experienced traders.

eToro's social features also allow you to exchange ideas with and learn from investors from all over the world.

Try eToro

4. thinkorswim

  • Overall rating:
  • Best for: TD Ameritrade customers and/or traders who want to use thinkorswim software
  • Cost: Free

TD Ameritrade's thinkorswim has long been the benchmark for active trading platforms.

In recent years, many brokerages have built competing products, but thinkorswim is still the platform of choice for hundreds of thousands of traders.

You can access TD's free trading simulator, paperMoney, from inside thinkorswim:

The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (4)

You can simulate trading stocks, options, futures, currencies, cryptocurrencies, and more. thinkorswim's power and countless charting capabilities and indicators will give you an unlimited combination of strategies to test.

The main downside to thinkorswim is its complexity. There will be a learning curve, and if you're not planning on using thinkorswim as your trading platform or don't already have a TD Ameritrade account, I'd probably choose another simulator.

5. Moomoo

  • Overall rating:
  • Best for: New traders who want a free stock bonus
  • Cost: Free

Moomoo is another broker which is geared toward active traders and new investors.

While it's primarily used by international traders, the brokerage is becoming increasingly popular in the U.S., mainly because of its free stock offering (you can get up to 15 free shares with our links).

Moomoo's Paper Trading is essentially a crossover between TradeStation and eToro - it's good for both traders and new investors. Here's a look:

The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (5)

You can practice trading stocks, ETFs, futures, and options in the U.S., Hong Kong, and China-A-shares markets.

As mentioned above, arguably the biggest benefit to using moomoo is it's a solid platform for both long-term investors and short-term traders (though slightly geared more toward traders).

If you want to do both and want to score some free shares along the way, moomoo might be best for you.

Get free shares from moomoo

Honorable mentions:

6. MarketWatch

MarketWatch makes this list because of its game features. You can create an account and set up parameters for an investing game which you can invite your friends to participate in.

As a senior in high school, my finance class started with us all entering an investing game set up by my teacher.

I placed dead last, but have been hooked on the stock market ever since. This is one of the best ways to introduce kids to investing in my opinion.

Why I'd choose it: To create or participate in investing games.


The mission behind HowTheMarketWorks is to teach beginner investors how the market works.

To that end, this site is a fantastic educational resource, and it was one of the first to launch a trading simulator. The site also has investing games to compete with and learn alongside your friends.

Why I'd choose it: If you prefer the interface, games, and education over MarketWatch's resources.

8. NinjaTrader

NinjaTrader is another broker focused on active traders. You can trade stocks, futures, and forex on NinjaTrader, and it's my broker for futures trading.

When logging in, I'm prompted with an option to go to ‘Live Trading' or ‘Simulated Trading'. From there, the experience is identical, giving me the perfect way to practice placing orders and setting stops and profit targets, all from a fast, web-based platform.

Why I'd choose it: You should choose NinjaTrader if you prefer its interface and user experience over TradeStation.

9. Pilot Trading

Pilot Trading is another brokerage for active investors, though its distinguishing feature is algorithmic trading signals.

Coupled with these signals is a lifelike trading simulator, which allows you to practice with its signals before risking any of your own money.

Even if the trading signals isn't your thing, the simulator is still a great tool to help you hone your skills.

Why I'd choose it: If you're somewhat interested in algorithmic trading, Pilot Trading is worth trying out.

What is a stock market simulator?

A stock market simulator is software that simulates trading and investing in the stock market while using virtual currency (which is why it's also known as paper trading).

You can test investment strategies in real-time or by backtesting historical price movements. You can practice on essentially any asset (stocks, ETFs, options, commodities, currencies, and more) without risking any of your own cash.

Given the volatility of the market, the emotions we deal with while investing, and the psychology of it all, getting some risk-free experience is immensely helpful.

Should you use a simulator to practice trading stocks?

Yes, whether you're a long-term investor or a day trader, you should absolutely use a paper trading simulator.

For long-term investors, virtual trading gives you experience placing orders and seeing how stock prices fluctuate. Your stocks won't always go up, so you need to get used to seeing red in your portfolio and not panicking.

That said, these simulators are primarily built for active traders. If you're an aspiring trader (or an experienced trader who wants extra practice or to test a new strategy), a good trading simulator will be your best friend.

In my opinion, it is the single most valuable tool you can use to improve your trading, something I wish I would have found out earlier in my trading.

How we chose the best stock market simulators

When evaluating investing products and services, we take the following into consideration:

  • Core offering: How good is the product or service?
  • Price: Overall price, value for money, average cost per month, and any hidden fees.
  • Usability: What the interface looks like, whether the site is easy to use and navigate, the inclusion of modern design elements and features, and accessibility.
  • Credibility: Quality of information and data as well as company and brand reputation.
  • Audience: Who the product is for, the range of uses and applications, whether it actually works for its target audience, if it's the best option available, and any limitations therein.
  • Offers: Whether there is a special offer for signing up or any discounts.

Final verdict

I cannot overstate how important and practical I find stock market simulators to be, for investors and active traders alike.

Personally, I use TradingView to practice my trading. It's my charting platform and where I spend most of my time while trading, so paper trading on it makes the most sense for me.

If you want to follow my lead, you can sign up for a free 30-day trial of TradingView Essential. For more information on TradingView, check out my TradingView Review.

That said, paper trading on an actual brokerage would also be beneficial to practice placing real trades. For this, I'd recommend TradeStation or eToro.

As an expert and enthusiast, I have access to a vast amount of information and can provide insights on various topics, including stock market simulators. Here's some information related to the concepts mentioned in this article:

Stock Market Simulators:

A stock market simulator is software that allows individuals to practice trading and investing in the stock market using virtual money, also known as paper trading. It provides a risk-free environment for users to learn and test investment strategies without risking real money. Simulators can simulate real-time trading or backtest historical price movements. They are available for various assets, including stocks, ETFs, options, commodities, and currencies [[1]].

Benefits of Using Stock Market Simulators:

Using a stock market simulator offers several benefits, regardless of whether you are a long-term investor or a day trader. For long-term investors, simulators provide an opportunity to gain experience in placing orders and observing how stock prices fluctuate. This experience can help investors become more comfortable with market volatility and avoid panicking during market downturns. For active traders, simulators are particularly valuable as they allow traders to practice and refine their trading strategies without risking real money. Simulators can be a valuable tool for improving trading skills and testing new strategies [[1]].

Choosing a Stock Market Simulator:

This article mentions several stock market simulators that are popular among traders and investors. Here are some of the simulators mentioned:

  1. TradingView: TradingView offers a simulator called "Bar Replay" mode. It provides a feature-rich and intuitive platform for practicing trading. However, it is not free and requires a subscription to TradingView Essential, which costs $12.95 per month [[2]].

  2. TradeStation: TradeStation is a brokerage that offers a free simulator with real-time data, unlimited paper trading dollars, and complete backtesting capabilities. It is a good option for active traders who also need a brokerage account [[3]].

  3. eToro: eToro offers a Demo Account that allows users to practice investing with $100,000 in virtual currency. It provides access to stocks, ETFs, and cryptocurrencies, and offers social investing features like CopyTrader [[4]].

  4. thinkorswim: thinkorswim is a platform offered by TD Ameritrade. It provides a free trading simulator called paperMoney, which allows users to simulate trading stocks, options, futures, currencies, and cryptocurrencies. thinkorswim is known for its powerful charting capabilities and indicators [[5]].

  5. Moomoo: Moomoo is a brokerage that offers a paper trading feature. It allows users to practice trading stocks, ETFs, futures, and options in the U.S., Hong Kong, and China-A-shares markets. Moomoo is popular for both long-term investors and short-term traders [[6]].

  6. Other honorable mentions include MarketWatch,, NinjaTrader, and Pilot Trading. MarketWatch offers investing games, while focuses on education and provides a trading simulator. NinjaTrader and Pilot Trading are brokerages that offer trading simulators with additional features [[7]].

It's important to consider factors such as the core offering, price, usability, credibility, and audience when choosing a stock market simulator. Each simulator mentioned in the article has its own strengths and may cater to different types of traders and investors [[7]].

Please note that the information provided here is based on search results and snippets, and it's always a good idea to conduct further research or consult with a financial professional before making any investment decisions.

I hope this information helps! Let me know if you have any other questions.

The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis (2024)


The 9 Best Stock Market Simulators to Practice Trading - Stock Analysis? ›

About this app

StockMarketSim is a simple, easy, and fun virtual stock market game. You start off with $10,000 and can place unlimited trades, any time of the day. The beautiful design and easy trading flow help users learn the stock market, monitor their stocks, and test various trading strategies.

Is there an app to practice trading stocks? ›

About this app

StockMarketSim is a simple, easy, and fun virtual stock market game. You start off with $10,000 and can place unlimited trades, any time of the day. The beautiful design and easy trading flow help users learn the stock market, monitor their stocks, and test various trading strategies.

Is stock market simulator free? ›

You don't have to be an investment expert. Use our free trading simulator to practice buying and selling without the risk of losing any capital.

Do stock market simulators work? ›

Stock market simulators can be valuable tools even for experienced investors. They use them for the opportunity to test-drive complex trading strategies in a safe environment. Following the results of a simulated trading strategy over time helps the investor refine skills before testing them in the real world.

Which is the best stock analysis tool? ›

With more than 50 million users, TradingView is among the most popular charting and investing platforms on the internet. TradingView is a comprehensive combination of charting, analysis and research tools.

What is the best app to practice trading? ›

TradingView, TrakInvest, Dalal Street, and Money pot are some of the best virtual trading apps in India. Apart from that, there are certain websites that are good for virtual trading, like, Moneybhai by Moneycontrol, Investopedia Stock Simulator and Market Watch Virtual Stock Exchange.

How can I practice stock trading for free? ›

By using a trading simulator or demo account, you can learn how to navigate the trading platform, understand the mechanics of placing trades, and become familiar with the market and its movements. Additionally, it can also help you to develop a risk management plan and to better understand the psychology of trading.

What is the best free stock simulator? ›

Best Stock Market Simulators
  1. Best for Demo Accounts: eToro. Read Review. ...
  2. Best for Active Traders: Moomoo. Read Review. ...
  3. Best for Futures Trading: TradeStation. Read Review. ...
  4. Best for Advanced Futures Trading: NinjaTrader. Read Review. ...
  5. Best for Thought Experiments: MarketWatch.

What is the best stock app for day trading? ›

Summary of the best trading platforms:
  • Interactive Brokers.
  • SoFi Active Investing.
  • E*TRADE.
  • TradeStation.
  • ZacksTrade.
  • Firstrade.
  • Ally Invest.
  • Webull.
5 days ago

Where can we practice trading? ›

Money Bhai is another popular paper trading app in India that allows users to simulate real-time trading without using actual money. This app provides a virtual platform where users can practice and learn about various investment strategies, analyze market trends, and experiment with different trading techniques.

How to win stock market simulation? ›

Here's what you do:
  1. Understand that stock market games are different from investing in real life. ...
  2. Make sure you invest all, or almost all, of your computer money. ...
  3. Look for stocks that are likely to go up and down a lot. ...
  4. Don't be too late. ...
  5. Check carefully for errors before submitting your trades.

Is there a simulator for day trading? ›

A day trading simulator is a risk-free, virtual trading platform that replicates real-world market conditions. Designed to help beginner traders get their feet wet without diving into financial risks, it provides the perfect environment to develop strategies and gain confidence before trading with real money.

Is there a game that teaches stock trading? ›

An online simulation of the global capital markets that engages students grades 4-12 in the world of economics, investing and personal finance and that has prepared nearly 20 million students for financially independent futures.

Is trading analysis real? ›

Technical analysis is based on several key assumptions about the markets. One of these is that history tends to repeat itself. Technical analysts believe that patterns that have occurred in the past are likely to occur again in the future, and they use these patterns to make trading decisions.

Is Investopedia simulator any good? ›

The Investopedia Simulator is a virtual trading tool designed to help potential investors improve their skills at trading and investing. It has powerful tools for conducting research and placing simulated trade orders. It tracks the value of investing positions close to real-time.

What is the most realistic stock simulator? ›

StocksToTrade Paper Trading — The Best Overall Day Trading Simulator. Thinkorswim paperMoney — The Well-Rounded Day Trading Simulator. TradeStation Simulator — The Options and Futures Trading Simulator. NinjaTrader Simulator — The Most Realistic Futures Trading Simulator.

Who has the best stock scanner? ›

Compare the Best Stock Screeners
Stock ScreenerMonthly PriceLimited Free Version
Zacks Best Free Option$249/yr.Yes18
Stock Rover Best for Buy & Hold InvestingStarts at $7.99/mo.Yes19
TC2000 Best OverallStarts at $9.99/mo.No
TradingView Best for Global InvestingStarts at $14.95/mo.Yes20
2 more rows

Is day trading illegal? ›

Day trading is not illegal when it is done within normal trade hours and properly recorded. However, a similar practice known as late day trading is illegal and can be prosecuted under commodities fraud law.


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