Is virtual trading good for learning ?

[oklance]

Virtual trading trading will only show how your system is perfroming, nothing more than that, Real trading is far more different because your emotions may affect trading when real money is involved in tradng.

 

[amitrandive]

Is virtual trading good for learning ?

A very good view from the net

Paper trading has pros and cons. It is beneficial to do but as with all things related to successful stock market trading, it requires discipline. And yes, it is supposed to be done using actual paper.

So you have some money to put into a broker's account and you are ready to trade. But you know you need some practice. You've heard about "paper trading" and some traders have said it is not beneficial while others say it is very useful to paper trade.

What is the truth?

The truth is you probably aren't a "natural born" stock trader with an innate ability to succeed in trading without practice. Fact is, even those who have talents for trading also go through a learning curve.

The bottom Line

 

[khan4x]

2 people voted NO? Hmmm... in my opinion virtual trading is a good practice before doing the real thing. It can boost your confidence sharpen ur trading skills. I dont do much but i should do more.

 

[baibaixia]

As for forex, it's a good idea to learn forex trade through demo account, it's a free opportunity to learn how it works and try different trading strategies. After all, it's very easy to lost for newbies if they just go to live account from the start.

 

[JPK35]

Yes, sure it is, despite the fact that the results obtained with demo accounts are not exactly the same as the ones obtained in live accounts. However, they are still a great opportunity to test the strategies and to let newbies get familiar with the market.

 

[mk4r8]

demo trading and live trading r like .. just talking about it not doing it
demo=talking only
live = actually doing
u can talk but doing is hard where as u talk lees n do the job

 

[narangji]

Yes Biswajit.. look at how you traded instead of looking at profits. Look at things like..

1. How many total traders ?
2. Shorts vs Logs
3. Largest gain in a day
4. Largest loss in a day
5. # of continous losses/gains
6. Good entry but no profits
7. Bad entries but profits

and many more questions like this. Basically.. you try to analyze whether your taking the trades right or not. Also, how well are you managing your losses. etc. These things will overall give you picture of whether you are ready to trade real money or not if no.. then what is the area for improvement.

Point 7 reminds me of what I have been doing. When you really think you know what you have done you make a profit and then later on you see how wrong you were even when you made profit, it kills you, it hurts you so bad as it is doing to me now.

Ever been in this situation before?

 

[manishchan]

Point 7 reminds me of what I have been doing. When you really think you know what you have done you make a profit and then later on you see how wrong you were even when you made profit, it kills you, it hurts you so bad as it is doing to me now.

Ever been in this situation before?

the point 7 is known as the "Worst enemy of a Trader" and this hampers your learning curve to big extent.

Sadly, every trader who starts fresh has to go through this but the earlier you realize the better it is.

 

[spades]

Yes. Its good to learn trading,
However the environment,economy,world market & your ur own psychological temperament would change when real money is invested. You must learn to adapt accordingly.

 

[James Martin]

Virtual stock trading is a smart way to learn stock trading without risk.