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Academy/Your First Trade/What is Paper Trading?
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Lesson 1 of 2

What is Paper Trading?

Practice with fake money

Paper trading is trading with fake (virtual) money. All the real prices, none of the real risk.

Why paper trade?

  • Learn how trading works without losing real money
  • Test strategies before going live
  • Build confidence and track record

In The Arena, you start with $10,000 in virtual cash. Use it to buy and sell real stocks at real prices.

Your performance is tracked on the leaderboard!