TradeProfits

UpDownOptions – Practice Options Trading

Posted on 07. Jun, 2010 by Jakob.

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The founders of Umoo have launched a new site called UpDownOptions. Umoo is a place where you can practice stock trading, and participate in tournaments, somewhat in a similar fashion to poker tournaments. From time to time they host free tournaments where you can win real prizes as well. The charting functions are very limited but the idea is good and it works rather well. Umoo has been around for some years now, but UpDownOptions is all new. I am not a big fan of options trading, so I have no intentions of opening an account with them, but if you would like to get started trading options, maybe it is a good idea to start here. Check out UpDownOptions here.

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New features at Umoo

Posted on 04. Jul, 2009 by Jakob.

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Umoo is a great place to begin your stock trading learning curve. You can join for free, practice and win real money. I have written about them before here. Umoo have recently added several new features which you might want to check out. First of all, they are adding another market to their offerings, namely the Singapore Stock Exchange (SGX), with real time market data. SGX should be launched in this month, and I am looking forward to try it out; more market hours and tournaments. Another addition to Umoo is the Daily Drawl; That is a daily give away of a free ticket to the next ‘Joyous Monday’ event with a $1,000 Guaranteed prize pool. And like everyone else, Umoo has joined in on the Twitter bandwagon, so you can follow them in real time to keep yourself informed. Lastly, Umoo is hosting a free stock trading webinar, so you can get a good start to your forex trading. Check it out here.

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Events at Umoo

Posted on 01. Apr, 2009 by Jakob.

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Yesterday I wrote about Umoo, a site which hosts stock trading tournaments. This is a great place to practice your trading skills. Now with the fear of making this blog look like a cheap landing page, promoting every possible affiliate link I got, I am about to recommend Umoo, once again. I received an email from them today, about the upcoming Nasdaq 250 Grand Opening Event. This is a one day event starting on April 3rd, at 9:30 EST, and you can participate for a buy in of $30. There will be a total of 22 winners, so even if this is your first time trading, you might still have a chance. The next event, $5000 Guaranteed Spring Event is even better, with a buy in of $25, and a total of 60 winners. This event will run on April 17th at 9:30 EST. The best trader will run off with a prize of $900. So if you are thinking about starting a trading career, why not start here. Right now they are running the following special offer. Sign up, deposit $50 and get free ticket to the $5000 Guaranteed Spring Event”. Go and get your spot while the offer lasts.

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Learn Stock Trading at Umoo

Posted on 31. Mar, 2009 by Jakob.

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When starting out with Forex Trading, you have the possibility to choose from a wide range of brokers, which will offer you free practice accounts, with real time data. If and when you decide to use real money, you will often have the option to start out with a deposit as low as $25(depending on your choice of broker). However, the barriers to entry in the stock trading arena, is somewhat different. If you are considering to open an account at an American stock broker, and plan on trading more than 4 times within a week, you will fall into the category of a Pattern day trader, hence your account must maintain at least US$25,000 worth of equity, at all times. Furthermore, you will pay for data, software fee, commission, etc. Read more... (324 words, estimated 1:18 mins reading time)

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