• Dr Madhuri Chansarkar

Paper trading is a method that enables anyone to practice trading stocks, options or other financial instruments without using real money. It is an advantageous tool for those taking initial steps into the stock trading sphere. This practice does not involve making only theoretical trades; it is a comprehensive and simplified method of observing the multifaceted world of trading, without actual financial engagement. Share market traders aim to consistently refine their skills by practicing paper trading where only imaginary money is at stake. Skill enhancement through Paper Trading involves boosting trading skills without losing real money. Most brokers and financial institutions offer software systems that let traders trade online, however, SEBI discourages the use of real time price data by gaming platforms. Apprehensions that such ‘gamifying’ of trading experience could seed high-risk behaviors among users; led to introduction of new rules that restrict market infrastructure institutions and intermediaries from sharing real time price data with any third party. Nevertheless, even without real time price data, Paper trading acts as a protective bubble where newcomers can freely learn the intricacies of trading, explore various strategies, and make mistakes without the anxiety of financial setbacks.

Paper Trading, forward performance testing, back testing and platforms

"Concept Of Paper Trading In Stock Markets", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 4, page no.m512-m522, April-2025, Available :http://www.jetir.org/papers/JETIR2504C70.pdf

"Concept Of Paper Trading In Stock Markets", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 4, page no. ppm512-m522, April-2025, Available at : http://www.jetir.org/papers/JETIR2504C70.pdf