Shaf
Verified member
Learning to trade successfully can consume a lot of time and efforts on your part. That's why some trading platforms offer what's called paper trading for you to practice with before diving in.
Basically, it's not that you trade with paper, but you are given an account with imaginary hypothetical money that you can use to but and sell currencies and stocks of your choice just like you are in a real market.
It sure has its advantages and will have disadvantages like everything else, but it's a good way to practice without losing real money.
Have you ever tried using it to learn how to trade? How did it go?
Basically, it's not that you trade with paper, but you are given an account with imaginary hypothetical money that you can use to but and sell currencies and stocks of your choice just like you are in a real market.
It sure has its advantages and will have disadvantages like everything else, but it's a good way to practice without losing real money.
Have you ever tried using it to learn how to trade? How did it go?