The usual opinion is that those who want to start trading the financial markets better start trading on paper first. I disagree, but only when certain conditions are met.

Paper trading is pretending that you are trading. You make decisions on what you want to trade, when you buy it and when you sell it. You keep a record in real time of the profits and losses you make with these fictive trades. There are lots of tools out there that make it easy for you to do this.

However, what good does it do you?

Wrong Emotions

Here are two good reasons why trading paper is a waste of time in my opinion.