One way to practice trading without risking money is to use a trading simulator or demo account. Many online brokerages and trading platforms offer these tools.Our trading simulator allows you to practice trading and learn the essentials along the way. Ideal for beginners, it's free and there's no login required. Most people put minimum money to open a brokerage (e.g. 250-500 dollars) to use it. Paper trading: Some online brokerages and trading platforms offer paper trading accounts, which allow you to place trades using virtual money. Stock market simulators allow new traders to practice trading with virtual money (also known as paper trading). TradeStation: TradeStation offers a paper trading platform that allows you to practice options trading without risking any real money. Practicing trading before investing in the real market can help you gain valuable experience and develop your trading skills.