SIMULATE TRADING; BECOME A ROCKSTAR ON THE STOCK MARKET
BECOME A ROCKSTAR ON THE STOCK MARKET
A paper trade is simulated trading which allows investors to practice buying and selling securities without risking real money, hence it is called paper trade. While learning the ropes, the investor can make paper trades and record them by hand to keep track of their hypothetical trading positions and portfolio. However, most paper trading usually involves the use of a stock market simulator, which looks and feels like an actual stock market.
Another benefit of a paper trade is that it can be used to test a new investment strategy before employing it in a live account. To get the most profit from paper trading, an investment decision and the placing of trades should follow real trading practices and objectives. The paper investor should consider the same risk-return objectives, investment constraints, and trading horizon as they would use with a live account. For example, it would make little sense for a risk-averse investor to paper trade in the same way as a day trader and make numerous short-term trades.
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