for my experience yes it is. the only think it is usefull is for gettin familiar with the platfrom . I did paper trading 2 times for months and the results are diferent with real world my advice is to just practice a bit with paper trading and traqde for real with minimun size so you can learn for real IMHO
While I have only done 3 live trades, I paper traded for over 3 months. And in my opinion paper trading is ONLY useful if you are willing to learn from it. Agreed, the emotions aren't in it, but if you treat it like real money and learn from losses then you can improve your fundamentals. The only thing I'm struggling with live trading is the phycology involved. My fundamentals are still the same though, I just get too nervous to actually do a trade (although thats slowly changing)
@bjpsf You're only cheating yourself at that point.
for my experience yes it is. the only think it is usefull is for gettin familiar with the platfrom . I did paper trading 2 times for months and the results are diferent with real world my advice is to just practice a bit with paper trading and traqde for real with minimun size so you can learn for real IMHO
While I have only done 3 live trades, I paper traded for over 3 months. And in my opinion paper trading is ONLY useful if you are willing to learn from it. Agreed, the emotions aren't in it, but if you treat it like real money and learn from losses then you can improve your fundamentals. The only thing I'm struggling with live trading is the phycology involved. My fundamentals are still the same though, I just get too nervous to actually do a trade (although thats slowly changing)
As long as you cut your losses when you're actually trading and don't open yourself to disaster you should be good.
Join now or log in to leave a comment