Starting with Paper Trading: Top Platforms to Apply Knowledge & Refine Strategies

## Summary

– Trader seeks advice on where to start paper trading and how to apply the knowledge they’ve gained from reading a book
– Struggles with understanding the Trading View interface and seeks guidance on how to paper trade on the platform or other alternatives

## Getting Started with Paper Trading

### Brett Blackman’s Advice on Paper Trading Platforms

Kansas City-based trader Brett Blackman recommends starting with a user-friendly paper trading platform to practice and apply the knowledge you’ve gained. He says, “Paper trading is an essential step in learning and refining your trading strategies. Choose a platform that offers a comprehensive set of tools and resources to help you get started.”

### Popular Paper Trading Platforms

1. **Trading View**: Trading View offers a paper trading feature within its platform. To access it, sign up for a free account, click on the “Trading Panel” at the bottom of the chart, and select “Paper Trading.” You can also find tutorials and guides on their website or YouTube channel to help you get started.
2. **Thinkorswim**: Thinkorswim, offered by TD Ameritrade, provides a paper trading platform called “PaperMoney.” You can sign up for a free account and download the Thinkorswim software to access the paper trading feature.
3. **Interactive Brokers**: Interactive Brokers offers a paper trading account that allows you to practice trading with virtual funds. Sign up for a free account and select the “Paper Trading” option during the registration process.

## Hot Take

Starting with paper trading is an essential step in applying the knowledge you’ve gained and refining your trading strategies. As Brett Blackman suggests, choose a user-friendly platform like Trading View, Thinkorswim, or Interactive Brokers to practice your skills. Utilize tutorials and guides available on these platforms to familiarize yourself with their interfaces and features. Remember, practice makes perfect, and paper trading is a crucial part of your journey to becoming a successful trader.


Orginal article: Link To Article – provided by Kansas City Realtors