TraderEx Tutorial

Step 1:

The first step is to download the TraderEx application, which can be found by clicking the download button on the homepage of this site. Then run the file. (If you get a message saying " “trader.jnlp” can’t be opened because it is from an unidentified developer." then you need to check your security preferences.

Step 2:

After you run the application, you will be directed to this screen.

Step 3:

Once you hit submit, you will be directed to the screen below. The left column shows the existing buy or bid orders where there are currently 46 units bid at $44.90. The right columns shows the existing sell or ask orders where there are currently 65 shares offered at $45.10

Step 4:

To start the TraderEx simulation, press START in the lower left corner. Then chose the 5, 10, or 15 minute simulation. Once you get it running you will see the order book changing, orders popping up in the middle columns, and you will see the Bid/Price/Offer Stock Chart start to show data

Step 5:

To start trading, place a MARKET BUY order by typing a small number (like 10) in the white box to the right of the word OFFER/BUY. As soon as you type “10” and hit enter on your keyboard the order should fill at the lowest OFFER price

Step 6:

Notice that at the bottom of the order book it shows your Net Position, Target, Units To Go, and your Average Buy Price

Step 7:

Remember to keep an eye on the clock (it’s above My History) so you know how many seconds you have left to finish your Target Order

Step 8:

Once you have completed your timed TraderEx simulation, you will receive a brief report showing how you performed versus recent students for that assignment.