Paper trading allows you to practice stock trading without having to risk any of your own money. While you would think it is only a good resources for those that are new to trading, it is also an easy and safe way to practice new strategies you may be working on.
Probably the most popular paper trading platform is Wall Street Survivor. You can constantly see competitions sponsored all over CNBC, and the platform itself is pretty advanced, especially for a free paper trading service.
At a closer look, Wall Street Survivor offers some features that would give actual stock brokerage a run for their money: detailed charts, stock feeds, peer performance reviews, and much more. You can conduct all different type of stock and option trades and even dabble with some margin trading.
The following is a brief 3 minute video review of Wall Street Survivor…