Paper Trading for Stock Market Beginners is crucial for the profitable journey in the share market. The opinion is divided whether the Paper Trading for Stock Market Beginners is beneficial or not. There are both pros and cons.
Some of the benefits of Paper Trading or virtual trading are as follows
1. No RISK involved in the paper trading.
2. For investor or trader, it is a stress-free trading experience.
3. You can learn and practice through paper trading.
4. You can also check the accuracy of trade. It will help you to decide whether to undertake real trade or not.
5. Virtual trading can also help you to create your own trading strategy with the help of the learning curve.
The cons or disadvantages are as follows
1. The data on websites providing paper trading facility is delayed. Thus, you may some of the trades because the order might not be executed due to delayed data.
2. Investor takes relaxed approach because there is no real money involved in both profit and loss case.
3. The initial amount for Paper Trading for Stock Market Beginners is fixed and cannot be changed. Therefore, the investor or trader might not be able to gauge the real impact because actual investment might not match the virtual trading investment.
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