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Practice trading with virtual money using real market data. Build skills, test strategies, and gain confidence before risking real capital.
Paper trading (also called virtual trading, demo trading, or simulated trading) is the practice of making trades without using real money. It's like a flight simulator for traders – you experience realistic market conditions without the financial risk.
The term comes from the days when traders would write down hypothetical trades on paper to track how their strategies would perform. Today, paper trading is done through sophisticated simulators that use real-time market data to provide an authentic trading experience.
Statistics show that 70-80% of retail traders lose money. Most losses come from lack of experience, poor risk management, and emotional decision-making. Paper trading addresses all three issues by giving you risk-free practice time.
Practice with virtual money while experiencing real market conditions. Lose nothing while learning everything.
Trade with live prices from actual markets. Our simulator uses real-time BTC/ETH data from Binance.
Experiment with different trading strategies, timeframes, and risk management without any consequences.
Develop the psychological resilience needed for real trading before putting your money on the line.
Select from crypto, forex, stocks, or futures. Start with one market to focus your learning.
Define your risk per trade (1-2% recommended), stop-loss levels, and profit targets.
Use our free simulator to practice. Execute trades based on your strategy, not emotions.
Review your performance stats. Aim for consistent profitability over 100+ trades.
Our free trading simulator uses real-time market data. No signup required. Start practicing in seconds.
Launch Free SimulatorPaper trading is the practice of simulating trades without using real money. It allows traders to test strategies, learn market mechanics, and build confidence before risking actual capital. Modern paper trading uses real-time market data to provide a realistic experience.
Yes, most paper trading platforms are free. PropFirmCircle offers a completely free trading simulator with real-time cryptocurrency data, no registration required.
Most experts recommend paper trading for at least 3-6 months, or until you've achieved consistent profitability over 100+ trades. Focus on developing a winning strategy and maintaining discipline before risking real capital.
Absolutely. Paper trading with prop firm rules (drawdown limits, profit targets) is one of the best ways to prepare for a funded trader challenge. Our simulator lets you practice with real prop firm rules from FTMO, FundedNext, Apex, and more.
Paper trading and demo trading are essentially the same thing – both refer to practicing trades with virtual money. The terms are used interchangeably in the trading community.