Last updated: August 29, 2026
MyTraderLab is a trading practice simulator designed to help traders practice chart reading, trade setups, entries, exits, and decision-making using historical market data.
Instead of waiting for the market to open, you can practice trading scenarios on your own schedule and build experience without risking real money.
No. MyTraderLab is a simulated trading environment for educational, training, and entertainment purposes.
No real-money trades are executed, and you do not buy or sell actual securities through MyTraderLab. All positions, profits, losses, balances, and performance results are simulated.
Yes. MyTraderLab uses real historical stock market data to create realistic trading practice sessions.
Historical price movements allow you to practice with market conditions that actually occurred rather than computer-generated price patterns.
MyTraderLab provides access to approximately 6 months of 1-minute historical stock market data, with simulated tick interpolation used to create a smoother and more realistic market replay experience.
Data availability and historical coverage may vary by security and may change as the platform is updated.
Practice sessions are designed to help reduce hindsight bias and encourage you to make decisions based on the chart in front of you rather than knowing what happened afterward.
Certain identifying information may therefore be hidden, randomized, or modified during practice sessions.
Yes. That’s one of the main advantages of MyTraderLab.
You can practice using historical market sessions after market hours, in the evening, or on weekends. You don’t have to wait for the live market to open to work on your trading skills.
MyTraderLab is designed to help you practice skills such as identifying support and resistance, recognizing breakouts and trading setups, reading price action, planning entries and exits, and managing simulated trades.
You can also review your simulated performance to better understand your trading decisions and identify areas where you may want more practice.
MyTraderLab is similar to paper trading because no real money is at risk, but the focus is different.
Traditional paper trading usually follows the current live market. MyTraderLab focuses on historical market replay, allowing you to practice previous market sessions whenever you want instead of waiting for trading opportunities to occur in real time.
No. Trading activity inside MyTraderLab is simulated, and no real money is used to place trades.
However, simulated results should not be considered an indication or guarantee of how you would perform when trading with real money.
No. MyTraderLab is a practice and educational tool.
We do not provide personalized investment advice, trading signals, brokerage services, or recommendations to buy or sell securities.
Yes. MyTraderLab can be useful for traders who want a place to practice before risking real money, as well as more experienced traders who want additional opportunities to practice specific setups and improve their decision-making.
MyTraderLab does not replace professional financial education or advice.
The 5-day Pro trial gives you access to the Pro experience so you can explore the platform and practice with its available tools and features before deciding whether a paid subscription is right for you.
MyTraderLab Pro includes access to the trading practice simulator, historical market replay, available charting and training tools, simulated trading, performance tracking, analytics, and other Pro features offered within the platform.
Features may be added, modified, or improved as MyTraderLab continues to develop.
MyTraderLab Pro is available for $14.95 per month.
An annual Pro plan is also available for $149 per year, giving you approximately two months free compared with paying the monthly rate for 12 months.
Yes. You can cancel your subscription at any time from your account.
After cancellation, you can continue using your paid access through the end of your current billing period. Your subscription will not renew for another billing period after the cancellation takes effect.
The MyTraderLab website and account pages can be accessed on supported mobile devices.
The trading replay simulator itself is designed primarily for desktop browsers because chart analysis, drawing, order controls, and other trading interactions benefit from the precision and screen space of a desktop computer.
No. You do not need to connect a brokerage account to practice with MyTraderLab.
MyTraderLab does not require your brokerage login credentials and does not execute trades through your brokerage account.
No. There is no trading deposit because MyTraderLab does not execute real-money trades.
Your subscription pays for access to the software and its available practice features. Any account balances, positions, profits, or losses shown within the simulator are simulated.
No. Trading involves significant risk, and practicing with a simulator cannot guarantee future trading results or profitability.
MyTraderLab is designed to provide a convenient environment for practice and skill development. Simulated performance may differ substantially from real-world trading results.
MyTraderLab is for people who want to spend more time practicing trading skills without having to wait for the live market or risk real money while practicing.
Whether you’re learning chart patterns, working on support and resistance, practicing breakouts, or simply trying to become more disciplined with entries and exits, MyTraderLab gives you a place to practice repeatedly.
Practice anytime. Learn from every trade. Improve without risking real money.