If you are a beginner and want to learn FnO trading
Read this
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Read this
🧵 Thread 🧵
𝗣𝗿𝗼𝘀 :
1️⃣ 𝗥𝗶𝘀𝗸-𝗳𝗿𝗲𝗲: One of the biggest advantages of paper trading is that it allows traders to test their trading strategies without risking any real money.
2️⃣ Practice makes perfect: Paper trading allows traders to practice their trading strategies
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1️⃣ 𝗥𝗶𝘀𝗸-𝗳𝗿𝗲𝗲: One of the biggest advantages of paper trading is that it allows traders to test their trading strategies without risking any real money.
2️⃣ Practice makes perfect: Paper trading allows traders to practice their trading strategies
[3/9]
1️⃣ 𝗥𝗲𝗮𝗹𝗶𝘀𝘁𝗶𝗰 𝗺𝗮𝗿𝗸𝗲𝘁 𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀: With paper trading, traders can simulate real market conditions, including live quotes and charts, which can help them learn how to trade in a more realistic environment.
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𝗖𝗼𝗻𝘀:
1️⃣ 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗲𝗺𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗮𝘁𝘁𝗮𝗰𝗵𝗺𝗲𝗻𝘁: When trading with real money, traders have a certain level of emotional attachment to their trades, which can affect their decision-making process.
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1️⃣ 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗲𝗺𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗮𝘁𝘁𝗮𝗰𝗵𝗺𝗲𝗻𝘁: When trading with real money, traders have a certain level of emotional attachment to their trades, which can affect their decision-making process.
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1️⃣ 𝗠𝗮𝗿𝗸𝗲𝘁 𝗰𝗼𝗻𝗱𝗶𝘁𝗶𝗼𝗻𝘀: While paper trading can simulate real market conditions, it cannot replicate all market conditions, such as slippage, liquidity issues, and other factors that can affect real trading.
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1️⃣ Unrealistic expectations: Traders may get unrealistic expectations from paper trading, as it does not replicate the emotions and pressures that come with trading real money.
2️⃣ This can lead to overconfidence and poor decision-making when trading with real money.
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2️⃣ This can lead to overconfidence and poor decision-making when trading with real money.
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