Setting the Starting Account Value in a TradersPost Paper Broker Account
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TradersPost allows users to set or reset their paper broker account balance, helping traders test strategies with different capital sizes. This feature ensures a more realistic trading experience.
Can You Set a Custom Starting Balance for Paper Trading?
Yes, TradersPost allows users to set or reset the starting account value for their paper broker account. This feature enables traders to simulate trading with different account sizes, making it easier to test strategies in various market conditions.
How to Set or Reset the Account Value
1. Navigate to your TradersPost Paper Broker Account.
2. Click on View for the specific paper trading account.
3. Select Reset at the top of the page.
4. Enter the desired account balance.
5. Confirm the reset, and the new starting value will be applied.
In addition to resetting the balance, users can also reset open positions and existing orders.
Why Adjusting the Starting Balance Matters
• Allows traders to test strategies with different capital sizes.
• Provides a more realistic simulation of personal trading conditions.
• Helps traders transition from paper trading to live trading with a balance that matches their actual capital.
Conclusion
TradersPost gives users full control over their paper trading account balance, allowing them to set a custom starting value. This flexibility makes it easier to test strategies in realistic market conditions before transitioning to live trading.