![]() Paper trading is a no-risk, real-time education in the markets. So be prepared to decide when to close the trade, when to buy more, and so on. Īs you follow along with the trade, you make the same decisions you would if you were trading with a real account. But the easiest way is to use a trading platform with a paper trading feature - like StocksToTrade. You could note them in a trading journal or use a spreadsheet. It’s just like trading with a live account…īut instead of entering trades in the live market, you watch them play out virtually.Īnd you learn by recording all the details. You find and research stocks, set entries and stop losses, and choose order types. It’s a way for anyone to test out trading and see how trades would perform in real time without risking a cent of capital. 6 How to Choose a Stock Market Simulator.3.2 Test and Master New Strategies and Setups.
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