There is no fun in losing money because you made a silly mistake while trading stocks. The good news is that you don’t have to lose your shirt while you learn the ins and outs of the market. Learn how to practice trading with zero money.
- Open an online trading account on a mock trading website in order to practice trading .
- DO NOT give a lot of personal information if you’re only going to practice stock trading. Most of the stock sites require only your name and email to register.
- Pick stocks to practice trading with no money.
- You can’t hit home runs if you don’t swing the bat. So, put together a stock portfolio or two.
- Give each a theme — growth, dividend, Blue Chips, etc– and see how you do within those themes. Enter contests to practice trading with no money.
- Comparing your abilities against others will challenge your skills and help you learn a lot about the market.
- Set goals to practice trading with no money. Without goals you’ll just be picking stocks without a purpose.
- Give yourself a plan and see if you can execute that financial plan.
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