The definition
Paper trading is the practice of simulating trades without using real money. You apply your strategy to live or historical market data, track the results, and learn — without any capital at risk.
Why it matters before going live
Most strategies look good in theory. Paper trading reveals how they actually behave — how often the conditions trigger, how slippage and timing affect results, and whether the risk controls work as intended.
Running a strategy in paper mode for 4–8 weeks before going live gives you data, not just assumptions.
How My Metric Trade's paper trading works
My Metric Trade's paper trading mode uses live market data, a virtual €10,000 starting balance, and real execution logic — the same engine that runs live strategies. Every paper trade is logged with the reason it triggered, giving you the same WHY column you'll see in live execution.
It's available free, no credit card required.
Ready to automate?
Try paper trading free — no credit card needed.
Test your strategy with €10,000 virtual funds before committing real capital.