Do You Think Paper Trading Stocks Is Worth The Effort And Time?

  1. ngureco profile image80
    ngurecoposted 14 years ago

    Do You Think Paper Trading Stocks Is Worth The Effort And Time?

  2. ngureco profile image80
    ngurecoposted 14 years ago

    Beginners interested in stock trading will always welcome the idea of paper trading because they find it a fun way to test how the stock market works. They do this without losing their money and the whole thing is more of a game. Paper trading is... read more

  3. dabeaner profile image61
    dabeanerposted 14 years ago

    Some, but it is no substitute for real, or even simulated, trading.  Simulated trading can be done with some brokers -- you enter orders just like you would in "real life" except with play money, not real money.
    But there is a big psychological jump from paper or simulated trading to real trading.  Real trading involves real money.  So you may have a good paper or simulated trading record, but when it comes time to pull the trigger in real life -- entering, and especially exiting, positions -- that's when it gets dicey for a lot of traders.
    http://hubpages.com/hub/stock-market-fo … quirements

    One recommendation is to start out with the minimum reasonable transaction possible.  If you win five in a row, you can up the ante.  If you lose five in a row, you have to go back to the previous level.  Hopefully, you will be able to "ratchet" up to important levels.

 
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