Paper trading practice ~

The term of paper trading is to simulate the trade that allows an investor to practice buying and selling without risking real money. As a beginner trader, we can use this function to practice buying and selling securities. This is allow us to test a new investment or trading strategy before employing it in a live account.

The paper trading provides the simulation for us to try the trading platform, except we are not trading real money, so there is no emotional stress as not risking money (no stress)!! By having this features, this can well educate the investor to  learn how to trade and learn about different order types before trading for real case. Moreover, this is to test the trading strategies like a period of time to see if the strategy working properly before real trading to put real money at stake.

However, the paper trading does not show the actual condition where the real trading will be affected by hidden cost like price slippage, commission and trading fees with brokerages. As not real money involved, the investor might not feel the pain if loss of money, it might be different when making the decisions when trading for real.

Just want to emphasize that paper trading is not helping you to earn money so just more for practice, as no actual money is put at risk with paper trading. It is no risk and costs nothing, and you can't lose money with bad decisions or poor market trend. So why not to try it since Moomoo provide these paper trading feature for simulation?