Stock paper trading

1. Paper trading supports three markets: the Hong Kong stock market, the US stock market and the Australia stock market. By tapping the "Get Now" button, you can open a virtual account for each market and will have initial assets of 1 million HKD, 1 million USD and 1 million AUD in each account, respectively.2. The product types you can paper trade are limited to stocks, warrants, CBBCs, and other products listed on the Hong Kong Stock Exchange for the Hong Kong stock market, and to stocks for the US stock market，and the Australia stock market.3. Trading hours: Hong Kong stock market: 9:30 AM-12:00 PM, 1:00 PM-4:00 PM (China Standard Time); US stock market: 9:30 AM-4:00 PM (Eastern Time); Australia stock market: 10:00 AM-4:00 PM (Sydney Time).4. Paper trading supports dividends and bonus shares, but is not available for IPO shares subscription, rights issue, or placement.5. Paper trading adopts the rules of order matching. The highest bid (best bid) and the lowest ask (best ask) are the best prices for matching. A buy order at a price higher than the best bid or a sell order at a price lower than the best ask satisfies the matching conditions and will be automatically queued for execution.6. The paper trading system may not necessarily be consistent with the real stock market. In case of any inconsistency, data in the paper trading system shall prevail.7. If you hold the stock of a listed company that is delisted for any reason, you may no longer trade such stock in later trading days, and the system will return the virtual funds to your virtual account at the last closing price.8. The fees charged for paper trading may differ from those of actual trading. For actual investments, please refer to the fee standards in the official trading environment.● Hong Kong market:Commission: transaction amount * 0.03%, minimum 3 HKD/order;Platform Fee: 15 HKD/order;Trading Tariff: 0.5 HKD/order;Settlement Fee: transaction amount * 0.002%, minimum 2 HKD, and maximum 100 HKD;Stamp Duty: transaction amount * 0.1%, minimum 1 HKD;Trading Fee: transaction amount * 0.005%, minimum 0.01 HKD;Transaction Levy: transaction amount * 0.0027%, minimum 0.01 HKD;● US market:Commission: 0 USD/order;Platform Fee: 0.99 USD/order;Settlement Fee: transaction shares * 0.003 USD, max 1% * transaction amount;Regulatory Fee: transaction amount * 0.000008 USD, minimum 0.01 USD/order;Trading Activity Fee: transaction shares * 0.000166 USD, minimum 0.01 USD and maximum 8.3 USD (sells only);● Australia market:Commission: transaction amount * 0.01%, minimum 1 AUD/orderPlatform Fee: transaction amount * 0.02%, minimum 2 AUD/order;9. If you bought a CBBC and it is called because its call price is reached, then its residual value will be set to zero. The same is applicable if a warrant expires.10. The margin requirements for short positions in US stocks during paper trading are set at an initial margin rate of 100% and a maintenance margin rate of 60%. These margin requirements may differ from those applicable to actual trading. Please refer to the fee schedule for the specific margin amounts required in actual trading.11.

To understand the trading process without losing any money, and it gives almost the same experience that a real trading platform can provide.What are the strategies for winning a mock stock game?Various strategies for winning a stock market games are:Pick good quality stocks. Check the fundamental of the stocks before investing in them. Most of the simulators provide the fundamental details of the companies in the research section.Have a diversified portfolio. Diversification helps you to spread the risk and reduce volatility. Diversification means investing your money in various financial assets like stocks, bonds, mutual funds, etc. and thereby make a return higher than the benchmark.Cut your losses whenever necessary. In the stock market, it's prevalent that the stock price corrects significantly due to negative reasons like bankruptcy or poor corporate governance. In such situations, the price of these stocks may find it difficult to go back to its previous highs. In such circumstances, you can sell the stock quickly and can make your losses small.Avoid impulsive buying and selling. Also, avoid stock tips by the business channels and those available on social media.Keep yourself mindful of the happenings in the corporate world. Read business dailies and business magazines regularly.What are the advanced strategies to include while trading in a simulator?Leveraging, short selling, derivatives trading, etc. are the advanced strategies that you can include while trading in a simulator.What is paper trading?Paper trading or virtual trading is the method through which you can practice stock trading in the simulator without any monetary losses.What is the difference between paper trading and stock market simulator? Basis Live Trading Paper Trading Transaction Real money is involved in live trading. So, the risk of losing money is always there. Here you trade with virtual money. So, there is no risk of losing money. Emotions Fear and greed are part of live trading. When the stock price goes down, the fear of losing money, and when it moves up, the desire to earn more is always associated with live trading. These factors can lead to wrong decision makings. Emotions have comparatively less role or no role

Simulation, after all. For example, paper trading platforms may not include all the information and data that is available in the real market, which can lead to inaccurate results. In conclusion, virtual trading can be valuable for both new and experienced investors in the stock market. It allows them to gain experience and test their strategies without risking real money. However, it is important to keep in mind its limitations and to use it in combination with other tools and strategies to achieve the best results. Some of the ways to use virtual trading effectively are: Use it as a learning tool for new investors to understand the basics of buying and selling stocks and to familiarize themselves with the stock market. Use it to test new investment strategies and ideas before committing real money. Use it in combination with other tools and strategies to get a better understanding of the stock market and to make more informed investment decisions. By keeping these tips in mind, you can use paper trading to your advantage and become a more successful investor in the stock market. In addition, it is important to note that paper trading is a tool to be used for educational and testing purposes and not to be used as an actual trading method. It’s important to understand the real market conditions and emotions that come with it before actually investing real money. It’s also important to use multiple sources of information, including real-time market data, to make informed investment decisions. Frequent Asked Questions (FAQs): Why is paper trading important? Paper trading allows you to practically experience trading before you enter the real markets and invest your own money. This can help you make better mistakes and learn from them before you enter the real market where your own