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What Is Paper Trading?

Definition and plain-English explanation of "Paper Trading"

Paper Trading — Trading illustration

Paper trading is practising buying and selling stocks or crypto using virtual money instead of real cash. It allows investors and traders to test strategies, learn market mechanics, and build experience without any financial risk. The term comes from the old practice of recording simulated trades on paper. Market Navigator's simulator is a free paper trading platform using live market prices.

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Market Navigator Glossary — plain-English definitions of 93+ investing and crypto terms. All content is for educational purposes only and does not constitute financial advice.