Glossary

Paper trading

Also written or said as: paper mode, paper trade, demo trading, paper trades

Practising with paper money: trades are tracked as if they were real, but no real money is spent.

You follow real prices and log what would have happened if you had bought and sold. It is the safest way to learn a platform or test a strategy. Paper results usually look better than real ones, because real trades pay fees, slippage and the cost of failed transactions.