Paper Trading — main functionality (2024)


Paper trading, also known as simulated trading, lets you trade with “fake” money and practice buying and selling securities. Everything is essentially the same as if you were trading with real money, except you can practice your hand at trading without any of the risk. Our system tracks your orders and you can see how much Profit or Loss (PnL) you have on your account. This helps you gauge how good you are at trading!

You can start by logging in to use Paper Trading. By default, your account balance starts at $100,000, which you are able to reset at any time.

The chart is equipped with “buy/sell” buttons that let you enter orders quickly. You can buy any security that actually trades.

Paper Trading — main functionality (1)

You can hide the “buy/sell” buttons by right-clicking and unchecking them. The hidden buttons can be restored by going to Chart Settingsand selecting the Tradingtab.

Another way to enter orders is to right-click on the chart at the desired price. Orders can then be modified by dragging them up or down.

Paper Trading — main functionality (2)


Chart settings let you configure how orders and positions are shown (order placement arrows, lines, etc.).

Paper Trading — main functionality (3)


The Trading Panel is at the bottom of the chart. It has a list of open positions and orders.

Paper Trading — main functionality (4)


After reloading the chart, filled, cancelled and rejected orders are automatically deleted.

Editing/closing/cancelling orders can be done directly on the chart.

Paper Trading — main functionality (5)


or in the Trading Panel

Paper Trading — main functionality (6)


and

Paper Trading — main functionality (7)


You can reset your account at any time. After a reset, all order and balance history are restored to the default values you encountered in the beginning. You can reset your account in Account Settings.

Paper Trading — main functionality (8)

Join The Leap — TradingView’s paper trading competition

When you’ve learned how paper trading works and feel ready to test your skills, join The Leap — our 30-day virtual trading competition. Here, you’ll compete with fellow traders from all around the world to find out whose trading strategies are more thought-through and effective.

There are no initial deposits, broker fees, or hidden charges, and no real money is used during the event. But despite the virtual nature of The Leap, the cash prizes are very real. Take your chance to become one of our champions on the official page of the competition. Also, you can find more about the rules here.

You can hide the “buy/sell” buttons by right-clicking and unchecking them. The hidden buttons can be restored by going to Chart Settingsand selecting the Tradingtab.

Another way to enter orders is to right-click on the chart at the desired price. Orders can then be modified by dragging them up or down.

Paper Trading — main functionality (9)


Chart settings let you configure how orders and positions are shown (order placement arrows, lines, etc.).

Paper Trading — main functionality (10)


The Trading Panel is at the bottom of the chart. It has a list of open positions and orders.

Paper Trading — main functionality (11)


After reloading the chart, filled, cancelled and rejected orders are automatically deleted.

Editing/closing/cancelling orders can be done directly on the chart.

Paper Trading — main functionality (12)


or in the Trading Panel

Paper Trading — main functionality (13)


and

Paper Trading — main functionality (14)


You can reset your account at any time. After a reset, all order and balance history are restored to the default values you encountered in the beginning. You can reset your account in Account Settings.

Paper Trading — main functionality (15)

Join The Leap — TradingView’s paper trading competition

When you’ve learned how paper trading works and feel ready to test your skills, join The Leap — our 30-day virtual trading competition. Here, you’ll compete with fellow traders from all around the world to find out whose trading strategies are more thought-through and effective.

There are no initial deposits, broker fees, or hidden charges, and no real money is used during the event. But despite the virtual nature of The Leap, the cash prizes are very real. Take your chance to become one of our champions on the official page of the competition. Also, you can find more about the rules here.

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Paper Trading — main functionality (2024)

FAQs

How to reset TradingView paper trading? ›

Reset Your Account to the Desired Balance: By default, TradingView starts you off with a $100,000 balance. Click on the gear icon and choose “Reset Paper Trading Account” to match your intended real trading account size.

Why is paper trading so much easier? ›

That's because paper trading involves the use of so-called paper or fake money. As such, you don't have to use (your own) real money to trade stocks or other securities. Paper trading allows you to study and test different trading strategies and techniques before you go live with the real thing.

How good is TradingView paper trading? ›

Conclusion: Paper trading on TradingView is an invaluable tool for traders looking to refine their skills and test strategies in a risk-free environment.

How to make paper trading more realistic? ›

To get the most out of paper trading, it is important that simulated accounts should be as close as possible to the real thing. Paper trades should limit themselves to the same amount of money that they would be able to use in real-world conditions, and research their investments as if they were spending actual money.

Can I reset my Paper Trading account? ›

To reset your paper trading account: Click the User menu (head and shoulders icon in the top right corner) > Account Settings > Paper Trading Account Reset. Select the reset amount using the Select Reset Amount drop down menu. If you select Other you can manually enter the amount you want to reset to.

When should you stop paper trading? ›

This will depend on each individual's circ*mstances and also how long it takes them to become comfortable. Consider conducting paper trades for at least six months before switching to a live brokerage account. Even after switching, it helps to maintain a demo account to hone your strategy.

Is paper trading smart? ›

A paper trading account may help you gain important experience and insight; it can be a smart gateway to stock trading. If you decide to use paper trading, remember that the experience cannot effectively mimic the emotional experience of real trading.

Is paper trading just practice? ›

The term "paper trading" harks back to a time before computers, when aspiring traders practiced their trades on paper before risking money in live markets. These days, it's much more sophisticated thanks to online tools that replicate the live trading experience (see "Paper trading at Schwab").

Do professionals use TradingView? ›

We've introduced three most comprehensive packages (Expert, and Ultimate) designed specifically for professional (commercial) users.

Which is most profitable indicator in TradingView? ›

What is a Trading Indicator on TradingView?
  1. 1 - Moving Average (MA) ...
  2. 2 - Relative Strength Index (RSI) ...
  3. 3 - Moving Average Convergence Divergence (MACD) ...
  4. 4 - Bollinger Bands. ...
  5. 5 - Volume. ...
  6. 6 - Stochastic Oscillator. ...
  7. 7 - Fibonacci Retracement. ...
  8. 8 - Average True Range (ATR)
Mar 12, 2024

Is TradingView basic enough? ›

The free plan is enough when you're starting out, but paid is worth it for its perks. Essential features such as basic charting, price alerts and paper trading are all free. TradingView offers a wide variety of plans for investors of all levels of experience.

What are the negatives of paper trading? ›

One drawback is that paper trading does not replicate the emotional aspects of real trading, as there is no actual money at stake. Slippage and liquidity: Simulated trading may not account for slippage (price differences between order placement and execution) and liquidity issues that occur in real markets.

How to practice paper trading? ›

The following are the measures that traders can take to start paper trading:
  1. Selecting a platform.
  2. Creating an account.
  3. Formulating a trading plan.
  4. Putting plans into practice.
  5. Moving from paper trading to real trading.
  6. Risk-free experience.
  7. Strategized evaluation.
  8. Knowledge of market dynamics.

How do I get off Paper Trading on TradingView? ›

To disconnect Paper Trading:
  1. open bottom Trading Panel;
  2. open trading menu in the top right corner of the opened panel;
  3. select Disconnect or Select Another Broker.

How do I delete published indicators in TradingView? ›

To remove an indicator or see its settings, open the chart legend by clicking the arrow button under the symbol name: Complete the following steps afterwards: Click the cross icon to remove an indicator; Click the gear icon to change the settings of an indicator.

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