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paper trade
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paper trade

  #1 (permalink)
Trading Apprentice
kandy/ sri lanka
 
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paper trade

hi guys,

can anybody could tell me what is the difference between demo trade and paper trade? how can i paper trade?

much appreciate

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
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suran View Post
hi guys,

can anybody could tell me what is the difference between demo trade and paper trade? how can i paper trade?

much appreciate

Hi suran, welcome to the forum.


Generally, there is no difference between the two terms - they both indicate trades that are not real (i.e. when no real money is at stake).

If one wants to look at the finer details, probably paper trade was used when there was no SIM technology, and was called so because one would note down on paper entry and exit, acting as their own simulators.

Demo/SIM trading is probably an improvement on paper trading, because some systems (not all) give you a more realistic feel for how your trades would behave. On today's trading platform you also get nice stats such as overall PnL, MAE, MFE, trade duration, etc., which you would not have when just paper trading (you could still calculate them but it would take an inordinate amount of time compared to today's technology).

Hope it helps.

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  #4 (permalink)
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suran View Post
hi guys,

can anybody could tell me what is the difference between demo trade and paper trade? how can i paper trade?

much appreciate

https://ninjatrader.com/FreeLiveData enter your info and download NT7 or NT8 and go from there great place to start sim/paper trading , and theirs TONS of info on the this forum about how to use both platforms.

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  #5 (permalink)
Trading Apprentice
kandy/ sri lanka
 
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hi guys,

thanks very much for the quick reply, I was searching all over the net for the answer since yesterday. because one guy I am taking lessons recommend me to do paper trading and he is against demo. I felt dumb to ask this back from him.

much helpful

regards

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  #6 (permalink)
Elite Member
Columbus OHIO
 
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suran View Post
hi guys,

thanks very much for the quick reply, I was searching all over the net for the answer since yesterday. because one guy I am taking lessons recommend me to do paper trading and he is against demo. I felt dumb to ask this back from him.

much helpful

regards

My opinion and everyone is entitiled to there own... but demo/sim trading is very use full IF you treat it like the real deal and you start you sim account out with the amount your going to start your live account with.

EX: if your going to fund your account with 5k then sim trade with 5k and get use to the risk/reward and proper margin requirements. It does you no good to sim trade with a 200k account and get use to making 30k a month and then move back down to a 5k account and make 3k a month.

Also strongly recommend a journal and LOTS of patience

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  #7 (permalink)
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MiniP View Post
https://ninjatrader.com/FreeLiveData enter your info and download NT7 or NT8 and go from there great place to start sim/paper trading , and theirs TONS of info on the this forum about how to use both platforms.

To me a major difference is that while in demo trading you are actually trading live market data (so to demo trade one daily session you will have to sit at your PC for the whole day) in paper trading you can speed up time by a factor. NT8 let's you replay market data, that are live market data of the past that Ninjatrader replays at various speed (1x till over 1000x). In my opinion this is a major plus as you can make better use of your practice time.

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  #8 (permalink)
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afoschini View Post
To me a major difference is that while in demo trading you are actually trading live market data (so to demo trade one daily session you will have to sit at your PC for the whole day) in paper trading you can speed up time by a factor. NT8 let's you replay market data, that are live market data of the past that Ninjatrader replays at various speed (1x till over 1000x). In my opinion this is a major plus as you can make better use of your practice time.

This is a definite plus just don't get use to the market moving that fast i know when i first started out i would run the play back at 50-100x and would be doing great then went live and would have to find a away to keep my self from over trading when there is 10 minutes between setups supposed to 10 seconds when you are going super fast.

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  #9 (permalink)
Trading Apprentice
kandy/ sri lanka
 
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MiniP View Post
This is a definite plus just don't get use to the market moving that fast i know when i first started out i would run the play back at 50-100x and would be doing great then went live and would have to find a away to keep my self from over trading when there is 10 minutes between setups supposed to 10 seconds when you are going super fast.

yes make sense, I practiced in a mt4 simulator some time ago. and its easy to see the trade happen with the momentum. but in real life its hard.

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