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What is Stock Paper Trading and How Should You Learn To Trade Stocks

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Xuất bản 21/08/2015
Education, paper trading and live trading with low shares should be used together to acheive success in the stock market. What is Paper Trading? -Trading stocks with a fake account or with fake money -A way to practice before doing live trading How to Train: -Get as much education as possible -Begin paper trading -Do live trading on low shares in order to gain experience (if you have a stock worth $50/share, don't trade more than 5 shares -Example: as the stock market goes up, add 1 share (this will cost you commissions, but you will gain experience), and continue adding one share at a time as it goes up. -Commissions can cost from $5-$40 per trade. You will be losing money. This business requires your time and money in order to gain education. -Put these numbers into an excel spreadsheet and multiply them based on the number of shares you want to trade in the future. See if you're making a healthy profit. -If you're consistently successful and you're trading properly, then begin live trading with larger shares. Why Live Trading With Low Shares is Essential -The problem with paper trading is the trade executions will fill automatically, but they might not in live trading: stocks might be more scarce, trade timing might be off, etc. -Your mindset is changed in live trading (anxiety, fear, you're using real money, etc) -Many people are successful with paper trading, but not with live trading initially -If you go right from paper trading to live trading with larger shares, you're likely to lose a lot of money Continue to learn with me at: Check out my courses at : Facebook Fan Page: Get My Charts on Twitter:
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