Paper Trading – Learn How To Paper Trade Commodities
Paper trading the commodities and futures markets may be one of the best ways to get trading experience without putting any money at risk. There is no doubt that most new traders struggle when they first venture into the world of trading commodities, so it makes sense to give your trading skills a trial run to see if you are ready to trade with actual money on the line. What is Paper Trading? Paper trading is simply a process of taking hypothetical trades as if you were actually trading real money. The only difference is that you are not putting your money at risk. With paper trading, you only write the buy and sell orders down on paper and track how well you would have actually done if your were trading for real. Think of paper trading as a simulator. It is used as a training tool, just like pilots learn to fly on a simulator before they actually fly a real plane…with passengers at risk. To begin paper trading, you should already have a detailed trading plan put together that outlines
