Creating a stock paper portfolio is relatively easy and involves no financial risks.
A stock paper portfolio is a virtual portfolio--no actual securities are involved creating a paper portfolio. Many online websites offer free paper trading accounts where users are able to create their own portfolios. An online paper trading account is not required to create a paper portfolio. Many people create their own stock paper portfolio through recording the information themselves. Creating a paper portfolio reveals the profitability of certain investment strategies without having to risk any money.
Instructions
1. Create a list of securities you would like to invest in. Head to your local library and check out multiple investment books to learn find securities to invest in.
2. Determine the size of your virtual portfolio. Generally, it is best to make all aspects of a virtual trading account as real as possible. Thus, consider making your virtual portfolio the same size as your real portfolio.
3. Find a free paper trading website. Search Google for "virtual stock market" and you should find dozens of virtual stockmarkets which allow users to create paper trading accounts for free. Click "register" and fill out all the required information, such as your name and account size.
4. Log into your paper trading account and buy your list of securities. Contact customer support if you forget your username or password.
5. Buy a journal or notebook to use as your paper trading account instead of using an online account, if you prefer. Write down the securities you would like to buy, how much you would like to invest and the current price the security is traded at. Look in your local newspaper or search Google for stock quotes.
