Alana Benson is an investing writer who joined NerdWallet in 2019. She covers a wide variety of investing topics including stocks, socially responsible investing, cryptocurrency, mutual funds, HSAs ...

One of the oldest financial adages is that it "takes money to make money." Aside from selling your own labor, that's true, and the stock market is arguably the most lucrative and time-tested arena for ...

Paper trading is simulated trading that allows investors to practice trading without using real money. Investors who try their hand at paper trading often use an online stock market simulator that ...

The best stock trading app for beginners in 2025 balances simplicity with educational support, low costs with powerful features and immediate accessibility with long-term growth potential. Entering ...

To paper trade on Webull, simply open an account, select the "paper trading" option and start practicing without risking real money. Trading in paper trading or demo accounts involves trading with ...

SHORT ANSWER: Paper trading can offer valuable insights and practice but it may not always accurately reflect real world trading conditions and outcomes. Remember the training wheels you had on your ...

Sophie Venz is a former Deputy Editor at Forbes Advisor. She is an experienced editor and features reporter, and has previously worked in the small business and start-up reporting space. Previously ...