Algo & backtesting
Paper trading
Also known as: demo trading, simulated trading
Paper trading is practising a strategy with simulated money in real-time market conditions, without risking real capital.
It bridges backtesting and live trading: you validate execution and psychology in real time before committing funds. Results can still differ from live trading because real fills, slippage and emotions only fully appear with real money.
Related terms
Build strategies around paper trading without code — drag nodes onto the Algovex canvas, backtest, and export.
Build a strategy free →