I believe Paper Trading is an important prerequisite for beginners to get familiar with the nitty gritty of investing. With Paper Trading, it is a less daunting task to start investing.
Of course Paper Trading does not take away the emotional highs and lows compared to actual trading when actual money is involved.
But it is a great start for a beginner so that he can feel comfortable with the mechanics of trading before embarking on real trading.
I am so glad that Moomoo has paper trading to kick start my investing journey.