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Practice Trading and Make Money

Umoo trading platformWhat if told you that you could practice your trading schemes with paper money, yet still make real money? Obviously, you probably think I must have drank a little too much, but with this new service I came across it is 100% possible.

I’ve covered a few paper trading resources, but I have really never came across anything like Umoo. The overall idea is that you enter tournaments, and the top winners make real money.

  • There are both free and premium contest with cash prizes.
  • Platform is online, so no downloading necessary.
  • You can practice both buying and shorting.
  • Contest lengths can run for just a couple hours to a few months.

As you can see there is really something for all types of trader.

Some of the interesting tournament types include:

  • Double Up – top 50% wins.
  • Mini and Massive – compete with just a few people or several.
  • Knockout – top half keeps moving on to the next round.

So far the only real negative is that not every stock is in their database yet, but I’m sure equities are being added daily.

It is completely free to sign-up and there are many tournaments that can be entered for free with cash prizes. Whether you want to compete in tournaments or just practice your trading with no risk, Umoo can get it done.

Trade Stocks and Options for FREE!

3 Responses to “Practice Trading and Make Money”

  • March 1, 2009 at 1:46 pm

    Very cool. However, such paper trading tournaments encourage shooting for the moon and poor money management. The only way to win paper tournaments, but a sure way to go bust in a real account.

  • March 1, 2009 at 6:20 pm

    That is true, but then you don’t have to join tournaments. Plus it lets you try out various methods.

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