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Paper trading is
'play trading'. You should always start your stock trading
career by paper trading while you are learning - you will
need all your real cash later! Paper trading helps a stock
trader get a good grasp on his ability to stock trade and
how likely he is to succeed at stock trading. While paper
trading, a stock trader should first become comfortable with
identifying all the potential opportunities and the mechanics
of actually trading them rather than worrying about how much
money is being made. Only by paper trading can this financial
detachment be made, and thus allow the trader to concentrate
on the important thing - consistency and emotional calmness.
Once that level of consistent and relatively easy profitability
is reached, the stock trader can try trading for real with
small stakes. However much paper trading you do, the reality
of stock trading with hard cash is always very, very different.
And no, we can't explain how - you have to go thru it yourself.
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