Is Paper Trading Obsolete in Day Trading?

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Now as a day trader, you have found a perfect stock guru and a perfect system and that will require you to test the system and guru by paper trading. However it appears that the term is a thing of past as now one can back test the trading signal system by using the simulators or by opening a demo account where one can use all the acquired day trading tips and tricks and can see the results by making use of the fake or dummy money. Do remember to go through the below related posts to understand all aspects of day trading.

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