RapidSP features

List of technical indicators & studies available in RapidSP

Resources

Detailed description of technical indicators and studies offered in RapidSP

FAQs

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 or what I call as the best home based business."

-Randy Dumas, daytrader, Hawaii

"Practicing daytrading with RapidSP daytrading simulator was an eye opener. With Tick-by-tick, reality-like 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

Frequently asked questions about daytrading

Why Use RapidSP ?

RapidSP LLC. 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 use every day. Thousands of students, individual traders, hedge fund managers and CTAs use our products 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?

Possible day trading returns are huge whether market is rising, falling or going nowhere. Anybody with a computer and Internet connection, can do this as a part time or a full time business. Even barely successful futures daytraders are in a different class financially. If you are not living the life style of your dream this is a business you might want to explore. If there is a small chance that you can be good at this, you are wasting your time doing something else. You may be missing out on opportunities and freedom this business might provide. Daytrading simulations with RapidSP simulation software give you the required daytrading experience risk free at your own convenience and speed.

This sounds too good to be true, what's the catch?

Trading is the ultimate mind game. You are your biggest enemy or your best friend. As with any other career this is not for everybody. Hardest part is to find out if you would be successful at this exciting and rewarding career. You won't know if you have a daytrader's head unless you try. But 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?

No. 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.

Why daytrading simulations with RapidSP day-trading simulator are effective in learning to daytrade?

RapidSP daytrading simulation software allows daytrading simulations that are indistinguishable from reality. Devised by best minds in daytrading, the software helps you develop your own trading instincts that will guide you through the markets to be a successful trader. This process can’t be computerized the way many of the trading systems claim 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. It has to be learned over few weeks/months just like learning to drive.

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. Read as much as you can. The RapidSP trading simulator comes with over 90 technical indicators, line studies and price styles. You can use many of these or combinations of these to come up with entry exit points. The quest to find few (or many) 'golden rules' that you can base your entry/exit on is misguided. The markets are far too complex for that and have an uncanny ability to always outsmart trading systems based on few simple (or complicated) rules. Trading markets is more about controlling your greed, fear and money management than entry/exit rules and trading systems.
Only way to make money in daytrading is experience. With enough practice your brain learns to apply thousands of rules at unconscious level to make you see opportunities/hazards, just like it helps you drive a car and avoid accidents instinctively. Most successful daytraders, are at a loss when told to explain the logic they use to enter or exit trades, let alone putting out ten rule that can be computerized for successful daytrading forever.

Can I develop instincts for day trading?

Yes. 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, but the rewards are equally substantial for people who know how to do it. 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 help you realize your dream 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.

How shall I know that I am ready for trading in real market?

Trading results is not the only criteria you should use in judging yourself to be ready for real markets. You are ready when you are making consistent profits and you have the psychological part of trading under control. This is as important (or more) than making profits. This is the stage where you develop the emotional discipline essential for successful day trading. Fear and greed disappear from your trading decisions. You move swiftly when you do see opportunities and the urge to trade don't land you in hazardous situations. Profits and losses don’t change your mental balance. Making trading decisions become a mechanical process for you. Your trading results will confirm your newly developed skills.