Paper Trading: Does it Help or Hurt?

via SMB Capital – Day Trading Blog:

When it comes to paper trading, there seems to be two strongly opinionated sides to its purpose in helping traders learn how to trade.

There are the opponents and this group usually includes brokers (I wonder why). Their argument goes something like this: Paper trading is something you want to do for maybe a week or so in order to get used to your trading platform. After that, you want to start trading for real because in order to learn how to trade, you need to have skin in the game. Otherwise you are wasting your time. Just think every time you make a good paper trade, that could have been real money!

This argument has some plausibility. As far as having skin in the game to feel the market Read more [...]

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SMB Capital – Day Trading Blog

Paper Trading: Does it Help or Hurt?

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