A stock-trading collective with an emphasis on market education, Warrior Trading offers members a 24-hour chat room where they can learn from professional traders by observing their trading. Founded in 2012, Warrior Trading prepares its students with a paper trading system, complete with virtual money and a real-time trading simulator.
Fantasy Stock Traders is a partner of the company and provides real-time data from NYSE and NASDAQ for simulations, so historical data is never used. With students beginning their trading on the simulator, experts can then work with them in the chat room and point out large and small mistakes or large risk factors.
The paper trading simulator is to be used by students for one to two months, depending on their success. Most new traders, for instance, make beginner mistakes that are best saved for the simulator rather than made while actually putting money at risk. Expert traders will work with the student throughout this period in developing a sound strategy that is best suited to his or her personality, portfolio, and risk preferences.
