Practise without risk

Paper mode, back-tests and the journal

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In this lesson

Use Paper mode, back-tests and a trade journal to build skill before risking real money.

Key takeaways

Paper mode lets you trade real market prices with simulated money.
Back-tests should include fees and be judged on data the strategy was not tuned on.
A journal turns mistakes into lessons you can see.
Practice builds skill but never removes risk; past results do not guarantee future results.

Watch this lesson with Tessa. The full video, worked example, calculator, quiz and Ask Tessa are part of Money Globe X Silver, Gold and Platinum. Create your account to start learning.

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Educational information only - not financial advice.

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