1) TradingSim - I've long advocated the utilisation of imitation trading every bit a means of practicing designing recognition for active traders. What makes TradingSim odd is that it is exclusively web-based (no software to download) too the information are included inwards the subscription. You tin copy trading whatever 24-hour interval over the past times ii years too the simulator volition replay that 24-hour interval alongside whatever symbols too technical indicators you lot choose. You tin stance multiple charts simultaneously, too you lot tin speed upward the replay or advance bar past times bar. You house your trades on covert too the plan tracks your P/L too historical performance. Great means to review the day; peachy means to exercise trading for developing traders--or for experienced traders testing novel strategies. One odd characteristic for daytraders is that the biggest moving stocks are displayed, therefore that you lot tin merchandise what is moving. Longer fourth dimension frame traders tin utilisation the simulation to aid their entry too acquire out execution.
2) Headspace - Some smart traders I'm working alongside are using this plan too app, which learn meditation too mindfulness. There is research supporting its use, too a blog addressing diverse topics related to piece of employment on mindfulness. The platform is web-based too slow to use, alongside a take away that walks you lot through meditation exercises, unopen to of which are tailored to special needs including relationships, performance, too health. There is a basic foundation sequence for novel meditators too also longer, to a greater extent than detailed exercises to construct mindfulness for to a greater extent than experienced users. The app keeps rails of your progress too structures your learning, therefore that Headspace genuinely becomes a workout routine. The plan volition fifty-fifty post calendar reminders to ensure that working on your caput is built into your day. It's a peachy means to rest actively engaged inwards meditation piece of employment without having to bring together a class.
3) BrainHQ - This is quite an odd plan too app that trains specific encephalon functions, such every bit memory, attention, too visual tracking. It's backed past times considerable science, too all the exercises are spider web based therefore that they tin last accessed from whatever place, whatever time. The exercises tin last tailored to diverse levels of difficulty. The plan keeps score too enables you lot to rails your progress. It calculates your science score too sets parameters that ensure that you're ever challenging yourself at your threshold. I am non at all goodness at hand-eye coordination tasks, therefore these are unusually challenging--and frustrating!--for me. One of the side benefits is that the piece of employment on the tasks builds non but attention/focus but frustration tolerance. If you're interested inwards cognitive exercise, it puts you lot through your paces!
What we're seeing is the side past times side generation of tools to construct successful traders. It's 1 matter to write inwards a periodical too verbalise alongside a mentor/coach nearly trading mindfully or sticking to your best trading rules. It's unopen to other matter to really piece of employment each 24-hour interval on mindfulness too actively exercise trading alongside those rules. Taken together, these kinds of tools shape a sort of functioning gym. Talking to your basketball game or football game autobus doesn't substitute for getting inwards the gym too engaging inwards the drills that Pb to ameliorate conditioning too sharper skills. Similarly, speaking alongside a mentor or trading autobus can't substitute for hands-on skills building. These are peachy ways to construct trading-relevant skills without putting your uppercase at risk.
Further Reading: Using Metrics to Boost Trading Performance
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