Paper trading is how every trader should start. It is a zero risk test so that you can develop the necessary skills needed in order to become profitable day trader.
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META TRADER 4
Paper trading, also known as simulated trading, lets you trade with “fake” money and practice buying and selling securities. Everything is essentially the same as if you were trading with real money, except you can practice your hand at trading without any of the risk. Our system tracks your orders and you can see how much Profit or Loss (PnL) you have on your account. This helps you gauge how good you are at trading!
You can start by logging in to use Paper Trading. By default, your account balance starts at $100,000, which you are able to reset at any time.
The chart is equipped with “buy/sell” buttons that let you enter orders quickly. You can buy any security that actually trades.
You can hide the “buy/sell” buttons by right-clicking and unchecking them. The hidden buttons can be restored by going to Chart Settings and selecting the Trading tab.
Another way to enter orders is to right-click on the chart at the desired price. Orders can then be modified by dragging them up or down.
Chart settings let you configure how orders and positions are shown (order placement arrows, lines, etc.).
The Trading Panel is at the bottom of the chart. It has a list of open positions and orders.
After reloading the chart, filled, cancelled and rejected orders are automatically deleted.
Editing/closing/cancelling orders can be done directly on the chart.
or in the Trading Panel
You can reset your account at any time. After a reset, all order and balance history are restored to the default values you encountered in the beginning. You can reset your account in Account Settings.
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The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.
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