Is a Paper Trading Account beneficial and Helpful?

Yes it is. I don't know about you but I don't have $1,000,000 to drop in an account to start trading. So it fun to do. But fun aside. Paper Trading must be treated just like it was your real money being used. You have to think of it that way to learn what can happen when trading good and bad and learn from all of it. It can also treat your fears of making a mistake and get you over that hump.

I've treated it like a real account and have just recently been just letting what stocks I own on paper ride. It is interesting to watch it move up and down as stock prices move up and down without making trades.

Yes it is very useful and helpful to learn from without real losses.