Paper trading means simulated trading with virtual money. You make the same decisions a real trader would, but no real money changes hands. The goal is to learn without financial risk.
TuraTrade uses real market data from FMP (Financial Modeling Prep) to power the simulation. When you build a portfolio from yesterday's movers, you are seeing what would have happened if you traded those stocks.
Paper trading lets you test strategies, develop discipline, and understand how different setups perform before committing real capital. Many professionals recommend 3-6 months of paper trading before going live.
The limitation of paper trading is that it does not replicate the emotional impact of real money. Watching a simulated position drop 20% feels different from watching real money do the same thing. Some traders paper trade too casually as a result.
TuraTrade tracks your simulated portfolio over time, shows you P/L charts, win rates, and outcomes so you can see whether your strategy actually works with real market data.