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Guides
Step-by-step explainers on how trading simulators, paper trading, and demo accounts actually work.
Backtesting vs Paper Trading vs Demo Accounts: What's the Difference?
Backtesting, paper trading, and demo accounts all test a strategy without real money — but they test different things. Here's what each one actually tells you.
What Is a Trading Simulator and How Does It Actually Work? (2026 Guide)
A trading simulator lets you buy and sell stocks, forex, or crypto with fake money at real prices. Here's exactly how they work, what they get wrong, and who should use one.