Wall Street Survivor Review
Simulated Stock Trading

This is my Wall Street Survivor review using a free account I have set up for Simulated Stock Trading.

Not only is this a great way to get some practice trading stocks without risking your own money, it is also a free stock market game in which they are currently awarding Thousands of dollars in cash and prizes every month with a total of $100,000.00 in prizes to all free account members!

If you have been thinking about trading stocks online but have been a little nervous because of the horror stories you've heard in the past, or just are not sure where to start, opening a simulated stock trading account may be right for you.

When setting up a free account with Wall Street Survivor, you will need to register and provide your email address; pick a user name (they call it your "Survivor Name"); password; and then country, city and state.

You don't have to provide your personal name or telephone number to register and place trades with your free account.

Once registered at Wall Street Survivor, you are given an account with $100,000.00 in simulated money to trade with. You are also given this account with margin, meaning you can use up to 2x the amount of money in the account for trading, in other words $200,000.00. As a safeguard to help you learn, they do not allow more than 25% of your balance to be traded in any one position at a time.

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Once logged in to your free account, you will find that they have several different sections available. Here is a breakdown of some of the things you can access:

• Dashboard: This section contains your portfolio value, monthly and weekly rankings as compared to other members, a section to list Buddies who you can have join in your own group, and an area to set and adjust your personal trader profile.
• Trade Section: The area to place an actual trade, check account balances, look up a stock symbol, check order history, track open positions and keep your own watch list.
• Research: A great section to access information on particular stocks you are interested in. This section contains area's on stock quotes, news headlines, basic and advanced stock charts, a section with a peer company performance comparison, company profile, company financial information, a technical analysis section with common preset indicator analysis, a stock summary section and a stock screener.
• News Section: This is a separate news section with different sub sections on Economic news, Market Analysis, Commentary, Market Summary and Stock News Releases.
• Survivor U: An educational section with great articles, a bookstore, a trade ideas section with ideas from other members and information on trading videos.
• Community: A member community section for online trader socializing.
• Video Section: This is a separate section with videos from various financial media sources.
• Store: Contains merchandise, videos and courses to assist various types of traders.
• Support: Section with FAQ's and contact methods.

As you can see there are many different sections available and with the exception of some promotional items, most of the above sections all have lots of great free resources for any trader.

Here is a sample image one of the types of stock charts you will have access to. You can view different types of charts with various technical indicators if you wish. You will also notice that this is not any old plain stock chart. It is actually a nice advanced type of chart with many different options to choose from.

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In addition to being able to place long trades (buy and sell) with your free account, you can also short stocks as well.

The trades I have placed so far have executed quickly and accurately. I have used my personal brokerage account to test out when the trades were executed and at what prices to make sure it worked.

When placing a trade at Wall Street Survivor with your free account, the quotes shown for a particular stock are delayed 15-20 minutes. In real trading this would be a big deal, but for practicing longer term or swing trading strategies this would work fine. Heck, I use it for day trading strategies and it has been working fine for that also.

Remember this is a free practice account and should be used to test out different strategies; position sizing methods; learning when to close out positions and other test scenarios.

I have read about some other people saying that trading stocks in this type of account is not a good idea but I do not agree, and here is why:

The main argument about "not" using this type of account to trade stocks for practice is that since you are not using "real money", you are not involving your emotions in your trading. While emotions are a major part of stock trading, they are not the "only" part.

There are many parts involved to be successful at stock trading, and just like anything else, I believe education and practice will help improve the odds of success. Being aware that you are not using your emotions in the same way as if you were using real money, will allow you to practice and still get benefits in the end.

In concluding my Wall Street Survivor review, I must say that it has been a pleasure using this account and I haven't found any glitches or bad things to say. The trades all go through quickly and my email box has not been flooded with marketing hype from them at all. I give them a thumbs up for sure.

Open your own simulated stock trading account with Wall Street Survivor now and get some practice in before using your own real money.

• Simulated Stock Trading and Portfolio Updates: Taking a look at the importance of setting up a method to receive Portfolio Updates, even in a Simulated Trading Account.
• Potential Prizes: Besides learning how to trade stocks and use a portfolio, there's various opportunities to earn/win prizes.

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