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How to Use moomoo Paper Trading Online?

Views 17KMay 6, 2024

What Is Paper Trading?

Paper trading is a simulated trading strategy. With paper trading, investors can experience stock market trading and see how stock market investments function without the risk of losing real capital in the live market. It's essential to practice trading before trading in the live market, especially for those new traders getting started with investing.

Paper Trading on moomoo and How Does It Work?

Paper trading is a simulated trade where no real money is exchanged. It's risk-free for paper traders to practice investment strategies with real-world market data and outcomes.

Moomoo makes it easy for traders to use paper trading to grow their trading skills in the stock market. Moomoo's paper trading tool is free to use online, on desktop and mobile app. This guide will mainly help you to begin paper trading online within minutes.

Trading Time

Moomoo's paper trading can take place within intraday trading.

Trading Type

Moomoo offers stock trading that is available for paper trading, allowing for the simulation of genuine market conditions.

Stocks

In the Hong Kong market, trading types are limited to underlying stocks, warrants, CBBCs and other products listed on the HK Stock Exchange. In the US market, trading type is constrained to underlying stocks listed on US exchanges. The Singapore market has a trading type limited to underlying stocks listed on the SGX.

Moomoo gives paper stock traders $1M in virtual currency to practice stock trading across relevant markets.

$1 million in virtual currency for stock trading

Images provided are not current and any securities are shown for illustrative purposes only.

Order Type

In moomoo's paper trading online platform, limit orders, and odd lot orders are available. Short selling isn't available for stocks at this time.

How to Use moomoo Paper Trading Online?

Ready to try paper trading in moomoo? Follow the steps below to start your paper trading journey!

Step 1 (Paper Trade> Account)

Click the Paper Trade tab to go into the paper trading environment. Once sign up and activate your moomoo account, you'll receive $1M in virtual cash for your stock account.

sign up to get $1 million virtual money for stock trading

Images provided are not current and any securities are shown for illustrative purposes only.

Step 2 (Stock Markets)

Choose the stock market of your preference to commence paper trading.

choose the stock market for paper trading

Images provided are not current and any securities are shown for illustrative purposes only.

Step 3 (Enter Code> Direction> Price > Quantity > Amount)

Enter the symbol of your asset, the direction of trade, price, quantity, and amount. Once confirmed, tap on the buy or sell button to place the order.

place the order for paper trading

Images provided are not current and any securities are shown for illustrative purposes only.

Step 4 (Check Your Asset )

Once you finish placing the order, you can check your assets' positions, transactions, and funds details.

order details for paper trading

Images provided are not current and any securities are shown for illustrative purposes only.

Free Investment Courses

Moomoo also provides free online investing courses that help novice and experienced investors learn and explore the theory, investment strategies, trading tactics, and more.

Discover More

Paper traders can also have quick access to Market, Learn, Moo Community, and the latest promotion activity in the Discover section.

discover more in moomoo paper trading

Images provided are not current and any securities are shown for illustrative purposes only.

Start Paper Trading with moomoo

Build your investment skills and practice your trading with moomoo's paper trading online. Sign up today to get the $1M virtual fund and set off on your paper trading journey!

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy.

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