For a physical trading firm to get into paper trading
Hello all
As someone who is new to trading, I want to understand the following for a multi-commodity international trading firm which is yet to venture into paper trading:
1) What is a typical investment to start paper trading - futures and options ( ex. online portals/platforms/systems) and the operational cost (running cost) (broker fee etc.)?
2) I am yet to understand how knowledge in physical trading can be leveraged by a paper trade. Any examples or links?
3) Are there any limits assigned for paper trading as per commodities?
4) Risks involved in paper trading should be the same as risks involved in any financial derivative, right? Please clarify.