If you are someone who wants to learn trading without using real money, then paper trading is the perfect choice for you.
TradingView is one of the best platforms available in 2025 for paper trading. It gives you live charts, technical tools, and a demo account to practice trading safely.
In this article, you will learn how to start paper trading in TradingView in just 4 simple steps. We will also cover how you can practice Bitcoin trading in TradingView.
Table of Contents
What is Paper Trading?
Paper trading means practicing trading with virtual money. You can buy and sell stocks, cryptocurrencies, or forex without risking your real cash. It works just like real trading, but all the profits and losses are fake.
This is a great way to learn how the market works and test your strategies.
Step-by-Step Guide to Start Paper Trading in TradingView
Step 1: Create a Free TradingView Account
To get started, visit tradingview.com and sign up with your email ID.
You can also use your Google, Apple, X or Facebook account to create an account.
Once you verify your email, your free TradingView account will be ready.
Step 2: Use the search bar to open a chart for the asset you want to trade.
After logging in, go to the search bar at the top of the screen. Type the name or symbol of the stock or cryptocurrency you want to practice trading.
For example, if you want to do paper trading in Bitcoin, type BTCUSDT, select the one from the Binance exchange, and launch the chart.
Step 3: Go to the trading panel below and connect to Paper Trading.
At the bottom of the chart screen, click on the “Trading Panel” tab.
You will see a few broker options. Find the one that says “Paper Trading – Brokerage simulator by TradingView” and click “Connect.”
Your paper trading account will now be active, and you will receive virtual money to practice with. Normally, TradingView gives $100,000 in fake funds for practice, but you can adjust this amount based on your needs.
Step 4: Place Your First Trade
Once your account is connected, you can place a trade.
Just right-click on the chart at the price where you want to buy or sell. Choose “Buy” or “Sell,” then adjust the Buy/Sell price to your desired level. You can choose the order type as either a Limit Order or a Stop Order.
After that, click on the Buy or Sell button. Your first trade is now live using virtual money.
You can also use the red and green buttons on the top left corner of the chart for Sell and Buy orders respectively. Adjust the trade parameters within that window and click “Order.”
At the bottom of the screen under “Paper Trading,” you’ll find tabs like “Positions,” “Orders,” and “History.” These tabs show your open trades, profits or losses, balance, and order history.
You can close trades from here as well, and review your past trades to see what worked and what didn’t.
Also Read – Grok 3 for Trading Strategy-A Game Changer for Traders
Why Paper Trading is Helpful?
TradingView allows you to experience real-time price movements without using real money. You can use all the technical tools available on the platform and test your strategies.
This helps build confidence before you move to live trading. It also helps you understand how orders, stop-loss, and take-profit work in a real market situation.
The Bottom Line
Paper trading is the safest and smartest way to start your trading journey. TradingView makes it super easy for anyone to practice. Whether it is stocks, forex, or cryptocurrencies like Bitcoin, you can test everything without any risk. Just follow the steps explained in this article and you’ll be ready to trade like a pro – with zero risk. Practice regularly and you’ll gain the confidence you need for live trading.
This article is for educational purposes only. Trading in financial markets involves risks. Please learn properly and consult an expert before investing real money.