Disclaimer: The information provided in this article is for educational and informational purposes only and should not be considered financial advice. The author is not a financial advisor and the content of this article is not intended to be a substitute for professional financial advice. Always seek the advice of a qualified financial professional before making any financial decisions.
Investing in the stock market can be daunting, especially for beginners. However, there is a way to test the waters without risking any real money – Paper Trading, a practice that allows you to simulate buying and selling stocks using virtual money. It can be a great way to learn about investing and test your investment strategies before putting your hard-earned money on the line.
Paper Trading Tool
Enter Savvy Trader, an online stock and crypto investment portfolio tool designed explicitly for Paper Trading. With Savvy Trader, you can re-create your portfolio from all your holdings across multiple accounts and brokerages into a single portfolio using paper money; or if you are a beginner, just start from scratch with a simple and quick one, two, three:
Once created, you can start immediately tracking all your holdings with Distribution Heatmaps, Multi-timeframe Performance charts and Compare their performance to Indices, Bitcoin, and even other Investors’ Portfolios. The following is an example of a Savvy Trader portfolio:
One of the best features of Savvy Trader for Paper Trading is the ability to share your portfolio for free with the world or charge a monthly subscription.
Subscribers get access to Holding Details and performance, as well as Notifications of trade and transaction history, comments in real-time via email, SMS, or push, and your watchlist.
Research Stocks
Savvy Trader offers investment decision-making research tools that can help with Paper Trading. You can research stocks and crypto, see who has invested in a specific company and get access to the investor’s comments on why they made a trade. You can also access convenient links like a company’s Investor Relations page, Website, and even Top Tweets related to the company.
Savvy Trader
Whether a beginner or experienced investor, Paper Trading with Savvy Trader hones investment skills and tests strategies before investing real money. Savvy Trader is also a powerful tool to manage an existing portfolio- just recreate your portfolio and update it whenever you buy or sell!