Monday, July 21, 2008

First; Now

First there was, a nice little site to practice your technical analysis skills with what is essentially a chart trading simulation program, where you start with $100,000 and use charts, moving averages, and volume to make long or short bets on the stock charts that are presented at random. This is a fun site that is both educational and addictive.

Upping the ante a little, now we have While Chartgame lacks the shorting option (even if you can "pre-borrow" the shares) of Inspected, it adds some all-important customizable indocators: RSI; MACD; and Bollinger. One other feature I like most at Chartgame is the ability to let time pass and optimize entries and exits rather be forced into the more limited buy/sell/skip now options that are available with the Inspected version of the game. This is a good way to sharpen discipline for entries and exits alike.

Technical analysis practitioners and aspiring TA students can learn a lot about chart pattern recognition from these two sites. I recommend giving them a test drive.


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