Find out about virtual trading, how it’s used, pros and cons, and more.
Did you ever play the stock market game in school growing up? If so, you played with what adults call a virtual trading account, or paper trading account. Virtual trading accounts are a way to invest in the stock market with fake money. This lets you test an investment strategy or learn about a new asset class without risk.
If you’re looking to hone your skills or learn more about investing, a virtual trading account could be the perfect fit for your needs. Here’s a look at how virtual trading accounts work so you can use them to your best advantage.