Paper Trading Guide

Simulated trading or paper trading is a great way of getting hands on trading. Paper trading involves a website with free financial charting information that you can use to make trading decisions.

The other type of paper trading involves online platforms that allow you to trade with virtual money, on a virtual exchange that reflects real-time price movements and actions. Learning or practicing to trade on a trade simulator is simple and requires no money. Via

There are a large number of companies on the Internet that offer paper trading; a simple Google search will give you more choices that you can imagine.

These companies offer this service in hopes that after you get comfortable paper trading futures, you will open a commodity account with them. In the meantime, once you have registered simply follow the directions of the commodity trading software and you are ready to begin.

The language of futures trading is different; there is terminology you need to learn, strategies that you won’t understand and even the trading software will probably be confusing.

So before you try to begin commodities trading, go back to school and learn the terms, learn the techniques and learn the software where you are paper trading futures.

Paper trading futures is not important; it is merely a simulation of the things required to trade futures in the real world. What is important while paper trading futures is the approach you take; if you treat this like a game or don’t understand the importance of learning futures trading, you should seriously reconsider attempting to trade futures. This is a skill and the consequence is losing your money so don’t take paper trading futures lightly. [ Via ]

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