What Are the Benefits of Simulating Futures Trades? In other words, paper trading is a near-identical replica of real trading, powered by technology. Often paper traders take advantage of the same tools (charts, algorithms etc.) that are available for conventional trading to improve their performance. Traders can construct a portfolio and begin trading assets (futures, options, stocks etc.) in near real time under the same basic market conditions that apply with any conventional account. When paper trading, you can open practice accounts that simulate real accounts by allowing you to trade futures, options and stocks with virtual money.
#Paper trading how to
With that in mind, let’s take a closer look at why paper trading futures – or any other asset – makes sense and how to get started in the optimal manner. Traders simply use their preferred trading platform to trade with virtual accounts funded with simulated money.This means tracking performance is automated, and traders can use many of the same trading tools for virtual accounts as they do for conventional “real money” accounts. Today, paper trading is far easier, because it’s gone digital. Years ago, traders did this to test new strategies and learn the fundamentals of trading. The concept of paper trading gets its name from the old practice of tracking hypothetical trades and measuring their performance over time with pencil and paper.
If you’ve ever asked yourself “what is paper money trading?” you’re already on the right path as a trader, as paper trading is a key weapon in the arsenal of many savvy investors. Login Open Account General Trading Education A Guide to Futures Paper Trading
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