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Best
Direct 
Futures and Forex Traders are finding what they need at Peregrine
Financial Group (PFG). Our future and forex brokers and back
office staff are dedicated to providing you the futures and
or forex trader with only the best brokerage service possible.
Unlike larger Futures Commission Merchants (FCMs) with several
hundred employees that treat you like a number, at Peregrine
Financial Group (PFG) you will always receive the personal
human attention that a futures and or forex trader needs.
The futures and forex market move fast and when there is uncertainty,
human help is only a phone call during the market hours.
Futures Trading Simulator
PFG's futures day trading simulator allows a futures trader
to simulate trading the E-mini S&P and E-mini NASDAQ markets.
Real time quotes and a $50,000 trading simulator account allow
a trader to use the trading simulator much like a real futures
trading account. What a day trading simulator will not do
is accurately represent the fear and greed associated with
trading futures.
Utilizing a Futures Day Trading Simulator will help a trading
simulate the mechanics of Day Trading. A trading simulator
will allow a person to enter a market order to buy or sell.
A trading simulator will allow a trader to practice stop orders
or limit orders. A trader can even practice less used orders
like OCOs, MITs, and SCOs on a Trading Simulator. Traders
can practice cancel-replacing orders on the trading simulator.
The trading simulator will also allow a trader to practice
how to cancel an order outright. One of the nicest features
on PFG's day trading simulator, Best Direct, is the ability
to right click and pull up a fast menu to cancel orders or
change orders. In the position reference area of PFG's trading
simulator you can right click to populate a ticket to close
out a position that is open. On the right hand side of the
trading simulator a trader can get real-time quotes on the
E-mini SP and Emini NASDAQ. By clicking on the price ladder
in the trading simulator you can enter buy stops, buy limits,
Sell stops or sell limits without fear of entering those orders
incorrectly,
Other Trading Simulator Features
Trading Simulator Order Management Screen
You can have multiple trading simulator accounts to test different
futures day trading strategies. In the menu area under main
of the trading simulator you can add additional account or
edit your quotes and commodity lists. Under view in the menu
area you can pull up your order management screen. One of
the nice features in PFG's day trading simulator is that you
can keep a trading record of all the trades executed on the
trading simulator. Export this data to Excel or as a Tab delimited
file. From this screen on the trading simulator you can also
cancel working futures trades or cancel replace working futures
orders. At the end of the trading day you can print out your
orders and review your trading simulator activity.
Trading Simulator Quick Trade
One of the best features of our trading simulator is the Quick
Trade ticket. Designed to preserve screen real estate this
feature packs a lot of trading information in a small package.
There are two quick buttons in the trading simulator CLOSE
POSITION and CANCEL ALL orders that make it easy to manage
positions for even the busiest day trader. The split price
ladder in PFG's trading simulator shows live bid and offer
prices with quantities built in for the more advanced trader.
Clearly identified Buy and Sell buttons allow a trader to
one click buy and sell in the trading simulator. You also
have the choice to join
Forex with the Trading Simulator
PFG also has a Forex trading simulator for those interested
in trading the Forex market.
Trading Simulator Charts
PFG has a charting function that allows a futures trader to
chart the market they are trading. That we know of no other
trading simulator offers this function.
Live Trading Simulator Support
You are never far away from live human support with PFG Trading
Simulator. Give us a call or email us to get help setting
up, or maintaining your trading simulator.
Day Trading Strategies
When starting to trade you have done the first step right.
You signed up for a trading simulator instead of risking actual
cash. Let's use a golf analogy. When you start to golf you
go to the driving range or putting green and practice. Well
using a trading simulator allows a trader to practice certain
aspects of the market. When starting out with PFG's trading
simulator the first suggestion is get comfortable placing
market orders buying and selling. Use the charting function
in PFG's trading simulator to focus on a specific chart pattern.
If you can identify a potential bottom or top in a market
practice placing buys and or sells with market orders. The
trading simulator will then start to either add or subtract
to your trading simulator account balance. Getting a feel
for how fast you can lose money or make money by the market's
movement is an important step in learning how much risk you
might be able to tolerate. Although when using a trading simulator
you cannot fully replicate fear you certainly can replicate
greed. Therefore a word of caution is advised if you are making
money easy in the trading simulator environment. Chances are
when you migrate to a live futures trading account from a
trading simulator you will find a new emotion when you see
your account balance go up or down.
One place to learn about day trading is Marsh Jones website
www.simple-as-123.net/tradingsimulator.htm you can download
a free course on day trading the E-mini and practice using
PFG's trading simulator. One of the easiest trading strategies
is the first 30-minute and 60 minute range break out. After
the first 30 minutes of the day session in the stock market
you would mark the high and low on your trading simulator
charts. If the market breaks this range and certain criteria
(which are in the course) are met then you would enter a buy
if the market broke out of the top of the range and a sell
if the market broke below the bottom of the range. The same
rules would apply to the first 60 minutes.
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