SimTrade is a trading-simulation platform available on the website www.simtrade.fr. In a fictitious but realistic way, the webuser can send orders to buy or sell stocks within predefined and reproducible market scenarios. The originality of SimTrade is to simulate not only orders sent by SimTraders but also the realistic behavior of other traders and the evolution of financial asset prices (SimTrade engine), webuser-traders having a direct impact on the market.
The objective of SimTrade is educational: to understand the economic phenomena through financial markets. SimTrade allows one to analyze what happened in the market during the simulation. In which conditions my order was executed in the market? Why my position is losing or winning ? Why stock prices decrease or increase ? How financial asset prices are set ? What is the influence of economic news on market prices? SimTrade brings clear and precise answers to all these questions.
SimTrade targets novices wishing to discover financial markets mechanisms (such as sending orders) and experimented traders wishing to confront their trading strategies to particular market scenarios (such as a liquidity crisis). Whatever their profile, the learning process is risk-free and detached from the current reality of financial markets.
SimTrade proposes more than a simple simulation of financial markets: a true experiment. SimTraders are going to live a firm and market scenario in an active way by trading through the scenario. From a educational point of view, SimTrade is a new way to learn about finance by confronting his/her knowledge to financial markets.