Continue reading...Paper trading is widely discussed regarding its merits, and whether it is of value to a trader as they try to make the transition to real money trader. One viewpoint is that since paper trading is not real, the profits are meaningless, and are no indication of real money profitability. An opposite viewpoint would state that paper trading is an important step in the trader?s learning progression, and regardless of whether it is real, if the trader cannot ?properly? paper trade, then they will not be able to real money trade.
I began trading in early 1995, with the intentions of becoming an options trader; my first trading education was through an oex options teaching service. Besides options training, the service included ?tape? reading, trade management AND sp500 index futures trading ? also included in the service was the prevalent attitude that paper trading was for ?sissies?.
So I was a new trader, trying to learn and understand completely new concepts and ideas – what was...
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