Lesson Overview

Paper vs. Real Money Trading

With paper trading no real money is put at risk, instead “Monopoly Money” or “Paper Money” is used, hence the name. I am a firm believer that paper trading is not only beneficial, but is an absolute requirement of successful trading (and I still paper trade new ideas).

That said, everyone can read about trading or take a course about trading but until you actual open up a real money account with a broker and start placing orders; you will never learn exactly how it works.

As the old saying goes, “There is no substitute for seat time.” The more experience and education you have the more profitable you will be as a trader.

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