MY experience on starting stock trading Many guys always ask...

Many guys always ask on here how to invest. At first, I was very confused too. Because I was scared of “getting it wrong” and losing  hard-earned cash. For me, stock investing was a little nerve-wracking at first.

But luckily,Iused a paper account to learn the mechanics of trading and began to understand what works and what doesn’t. Then, when I was comfortable, l started with small positions so that l won’t lose my capital all at once. ln fact, this way is proved to be efficient.

U may ask what is paper trading？
Paper trading (also known as simulated trading) lets u trade with “fake” money and practice buying and selling securities. The system tracks your orders and you can see how much Profit or Loss you have on your account, and gauge how good you are at trading.

You won't lose any money — and on the flip side, you won't see any gains. That might have you yelling, “Darn!” when you realize a gain that would have made you a decent return. (That and $2 will buy you a cup of coffee, right?)

A virtual trading account, such as Moomoo l used recently, uses real-time information to help you gauge your success. That means u can create and test a trading strategy and build a portfolio. The actual performance is reflected in your results.

Should you use paper trading before trading in the real market?
The answer is yes, as long as you remember how to work with it properly.The biggest advantage is you can track your stock picks real time and gauge whether your strategy works. It allows you to learn about yourself as a trader and figure out what type of trading actually suits your needs. With this demo account you can use fake money and try trading stocks, experiment with a wide range of options trades, trade bonds or even futures. It will allow you to get familiar with the market and not risk any of your own cash.

Then when you’re ready you can switch to a real money version of the platform which is awesome. Because you have already gotten familiar with the software while paper trading.Understanding what type of trader you are, and what risk appetite you have, are vital for trading success, and when you get the opportunity to practice stock trading in a risk-free environment, you can take full control of your trading activities.

Some suggestions on the paper trading
Using the demo account read up as much on the market as you need to. Give it a fair shake; try to gather news on the market and place bets on the market based on the news as if you were a real trader.

I would play with a demo account for at least 3 months. Remember trading is not for everyone but this is the best way to figure out before you jump head first with your own money. When you have some experience down your belt it’s time to take the training wheels off as paper trading will not get you rich. Open a real account and get started.

Maybe u would have some questions
1/WHERE to access to paper trading on Moomoo?
It is easy to access to. U can go to ‘me’ tab – ‘Paper Trading’, and click ‘Trade’. Then choose the stocks you prefered. Most importantly, use it as it was true.

2/HOW much money could l own?
Well, the initial asset of the US stock market paper trading is USD 100,000. lt is enough for u to do any kind of trading, good luck!

3/HOW many stocks could l choose?
Emmm......l don't know the actual amount, the variety of US stocks for paper trading is limited. BUt personally it is enough for me.