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Online paper trading is also known as trading simulation. Here you are involved in live trading on actual exchange markets but instead of using real currency you use paper credits. These are like tokens and are used as a substitute of real money (thought they don't hold the same value). The basic idea is to give an investor a first hand experience of what it would be like trading in actual market scenario. The investor does not face any real loss or gains as this is just simulation. Many online brokers provide demo account to its customers in order to engage in this simulation process. But don't undermine the usefulness of this form of trading thinking that you would not gain or loose any money. It has been experience by novice as well as experts of the field that they can both benefit from this form of trading. How can beginners benefit: The best part is you do not require any capital as such to experience online paper trading. This provides a perfect platform to those who are just starting to learn the tricks of the trade. They would learn when to buy a share, when to sell it, how |
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