Getting Started With Paper Trading

Learn what is paper trading and how to setup a paper trading account.
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Choose an online broker and open an paper trading account that will allow you to practice trading with fake money.

Requirements

  • All you need is to have an interest in learning how to invest, as well as, an idea of some investment concepts you are wanting to experiment with.

Description

When learning how to manage your own investments.  It is important to experiment, as well as, learn in an environment that allows you to practice without anything at risk.   This can be done by paper trading, also knows as virtual trading. 

Today Paper Trading is done on a platform that validates that the trade you entered would indeed be accepted if it was backed by money.  

You will learn how to setup a FREE paper trade account and practice placing some trades.  You will also learn about the different types of orders and how they are used.  

This course is for anyone who wants to learn how to setup an virtual trading account or wants an overview of some of the common trading platforms available.

Who this course is for:

  • This course is for any individual that wants to practice trading investments without using any money through a virtual platform that simulates the real market.

Course content

3 sections6 lectures31m total length
  • Introduction to your instructor
    00:57
  • Defining Paper Trading
    03:09
  • Defining Paper Trades
    1 question

Instructors

Expert options trader, software programmer, and CXO
Mark Ely
  • 4.0 Instructor Rating
  • 211 Reviews
  • 10,908 Students
  • 2 Courses

Mark Ely has over 20 years in the financial industry as an educator, software contributor, writer, technical leader, radio host, and innovator.       

CEO, Co-Founder, and creator of TradeCaddie - provides options tools, research analysis, and education for options and equity investors.

Co-Host of Power Trader Radio - a radio show for Options Traders.

Created options trading platforms that interface with OptionsXpress, ThinkOrSwim, Interactive Brokers, and TradeKing.

Chief Operating Officer for an options education company that provided seminars, workshops, online education for over 8000 students.

Created compliance software for FINRA (Financial Industry Regulatory Authority) that managed the transactions of brokers with their clients.

Wrote the technical manual for DBCAMS a Morningstar Principia software for managing financial portfolio’s between brokers and their clients.

Chief Technology Officer for a broker dealer.

Associates - CCAF
Bachelors- Missouri University of Science and Technology
Masters - Webster University


     



Andy Peterson
  • 4.0 Instructor Rating
  • 211 Reviews
  • 10,908 Students
  • 2 Courses

Andy holds a Masters Degree in Public Administration and is a member of the PMI, graduating Magna Cum Laude with a B.S. in Business and minors in Economic and Political Science. Andy has over 20 years of experience in the government finance sector.  As a hands on Operations Manager he combines his knowledge of finance with his love for technology to provide excellent training materials and visual aids for students of options trading. Andy also works closely with leaders in the financial industry and community

In his free time, Andy is attempting to qualify once again for the 70.3 Ironman World Championships, and is a Huddle Leader for FCA Endurance.

Kumar Koppireddy
  • 4.0 Instructor Rating
  • 211 Reviews
  • 10,908 Students
  • 2 Courses

Koppireddy has over 14 years as a professional software engineer. Throughout this period he has created algorithmic models and applications in regards to financial programs which managed and control statewide budgets, as wells as, commercial payments systems.
He has created a BOND management systems that monitor and managed State Issued bonds.
His understanding of complex mathematical models with linear problem solving to project statistical probabilities, is not only outstanding but sought after by premier institutions and companies in the investment realm.
His goal is to simplify the complexities of investing down to its simplest component, which in turn can be used by anyone who is interested in increasing their chances of making money through investing.
Bachelor’s degree in Math and Physics
Masters in Computer Science