Paper Trading Learning Curve
How long should I do paper trading before day trading with real money?
This depends on how fast a trader can learn and implement the trading strategies. The correct answer to this question is, "When the day trader feels comfortable."
I have had students that have paper traded for many months before day trading with real money. There have been others that have only paper traded a few short weeks. It all depends on the individual student. Paper trading is an essential step in a day trader's education and should not be skipped.
To learn how to trade correctly, the student needs to practice on a live, trading simulator that offers actual prices and mimics lifelike executions. Many forex trading firms now offer free demos of their trading platforms. This is a great learning tool for serious up-and-coming day traders. If after paper trading you feel that trading is not for you, the day trading robot is something you may want to consider.
Back to trading education.
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