Friend,
You have asked three questions together. Let's answer one by one.
Paper trading is a type of virtual trading platform. Which provides us all the facilities of a real trading app.
Through this platform we can buy/sell stocks just like we buy/sell them in a real trading account. The only difference between a real account and a paper trade account is that real trades use real money and demo platforms use virtual money.
Now let's come to your second question.
In which you want to know whether I recommend doing it?
My personal opinion about paper trading is that it should not be used. Because there is a difference in trade discipline between hard-earned money and virtual money, even if you don't want it. If hard-earned money is invested in the market, then a person is more dedicated to monitoring the trade than demo money. And we know better that success requires complete dedication.
It is better to buy 1-2 quantities in real account and trade instead of buying thousand quantities in demo. This will give you equal result.
Now let's come to your third question. In which you want to know that after doing demo/paper trade for how many days you will be able to learn the market well?
According to my personal experience and analysis, no matter how long a person practices demo, his chances of success will not be created. Because the change in discipline by investing real money will make you lose money.
Hope the post will be useful for you.
Thank you
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