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

  1. ngureco profile image82
    ngurecoposted 8 years ago

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

  2. ngureco profile image82
    ngurecoposted 8 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 image56
    dabeanerposted 8 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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