Trading can be a complex process that is rich in lessons. Unfortunately, in most situations, these lessons are accompanied by a financial loss, which can be extremely frustrating. Establishing an effective trading strategy is essential in achieving success in the trading world, but without experience, creating one can be virtually impossible.
Paper trading provides newer market players with a highly effective method of generating worthwhile trading strategies and gaining critical experience without risking real world money. The practice of paper trading is exactly what it sounds like- instead of really trading on the markets, traders simply log their prospective trades without actually performing them, and track the results.
While this method obviously does not deliver any financial benefits, it can be a powerful way of learning the ins and outs of the market. A new paper trading platform called Quantplay is aiming to take paper trading to the next level by gamifying the entire process, presenting the paper trading method through a unique, user-friendly interface.
In this article, we’ll take a look at Quantplay and learn about the features it offers to help you determine whether it’s worth getting involved with.
What Is Quantplay?
Quantplay is designed to help newer traders paper trade the most active markets in the world with advanced artificial intelligence assistance absolutely free. The mission of the Quantplay platform is to turn the market and trading into a video game, allowing traders to learn in a risk-free environment.
The Quantplay platform boasts a highly advanced AI market scanner, and provides a custom user interface that makes trading extremely easy and fun. More than 90% of newer traders lose money on the market- Quantplay aims to shield new traders from the harsh and unforgiving trading world by allowing them to learn the ropes in a secure manner first.
Quantplay makes it possible for traders to get involved in the market without the need for brokers or opening an official account. Ultimately, users can leverage the lessons provided by Quantplay to create real-world trading strategies and hone their trading game.
The Quantplay platform offers non-stop action created by an advanced trading AI. This AI constantly scans markets around the world to list the most interesting and exciting stocks and securities available at any given time.
Quantplay also features a community that includes message boards and live chat rooms, which allows players to connect with one another for team-based trading games or strategy discussion. The detailed statistics provided by Quantplay deliver a massive level of insight for traders in trading, allowing them to identify the key reasons why trading strategies either succeed or fail.
Lastly, Quantplay even offers a live trading option that connects traders to a real broker, allowing them to profit with real world money from their paper trading experience.
Quantplay is one of the only platforms that offers a truly gamified paper trading experience. If you’re looking for a method of strategy generation that allows you to learn from the market without losing on it, Quantplay is definitely worth a try.