Paper Trading is a risk-free simulator that allows you to practice trading without real money deposits—just your skills tested in near-real market conditions. It's an excellent way to apply technical and fundamental analysis while building confidence in financial markets.
Key Takeaways
- What is Paper Trading? A simulated trading environment using virtual funds.
- Why Use It? Test strategies risk-free before live trading.
- How to Activate? Accessible via TradingView's trading panel.
- Account Customization: Adjust leverage, commissions, and reset options.
- Order Types: Market, limit, and stop orders supported.
What Is Paper Trading?
Paper Trading (or simulated trading) replicates real-market conditions without financial risk. You trade virtual assets while tracking orders and positions to evaluate strategy performance. Ideal for beginners and seasoned traders refining their approach.
Why Use Paper Trading?
- Strategy Testing: Validate techniques in real-time scenarios.
- Market Complexity: Experiment with technical/fundamental tools across assets.
- Confidence Building: Gain experience before risking capital.
👉 Master risk-free trading with Paper Trading
Activating Your Paper Trading Account
- Navigate to the Trading Panel below TradingView’s Supercharts.
- Click the "Paper Trading" icon and select Connect.
Trading Panel Features
Account Manager
- Order Tracking: Monitor active positions and history.
- Summary Row: Displays equity, P&L, margin, and available funds.
Trading Settings
- Customize: Toggle buy/sell buttons, order displays, and instant order placement.
- Leverage Adjustments: Defaults vary by asset (e.g., 50:1 for forex, 10:1 for crypto).
Account Reset
- Options: Modify balance, currency, or leverage.
- Caution: Resetting clears all orders, positions, and history.
Placing Trades
Order Panel Methods
- Market Orders: Instant execution at current prices.
- Limit Orders: Set specific price targets.
- Stop Orders: Triggered when prices hit predefined levels.
Supercharts Trading
Execute trades directly from charts for seamless analysis.
The Leap Competition
Join TradingView’s The Leap—a virtual trading contest with global participants and cash prizes—to test strategies competitively.
FAQs
Is Paper Trading free?
Yes, it’s entirely free with no hidden fees.
Can I change my account currency?
Yes, via the account settings or reset function.
How do I track performance?
Check the "Positions" and "History" tabs in the Account Manager.
👉 Explore advanced trading tools
Final Thoughts
Paper Trading bridges theory and practice. Utilize it to hone skills, adjust strategies, and transition confidently to live markets. For deeper insights, explore TradingView’s guides on technical analysis and charting tools.
*Happy Trading!
—The TradingView Team*