Trading Guides &
Step-by-Step Tutorials
Everything you need to know to practise trading confidently on PaperTrader PRO. From placing your first stock order to managing multi-leg commodity strategies — all explained clearly.
How to Trade Stocks
Practise buying and selling NSE-listed equities with real market prices and zero financial risk.
Search for a Stock
Tap the search icon in the Watchlist tab. Type the company name or NSE symbol — for example RELIANCE, TCS, or INFY. Results appear instantly with live price and change percentage. Tap any result to open the instrument detail screen.
Add to Watchlist
Tap "Add to Watchlist" on the instrument detail screen. Choose which watchlist to save it in. From your watchlist you can monitor price, change %, and open an instrument for trading without searching again.
Place a Buy Order
Tap "Buy" on the instrument screen. Choose your order type: Market (executes at current price immediately) or Limit (executes only when the price reaches your specified level). Enter quantity and confirm. Your virtual balance is debited.
Monitor Your Position
Open orders and active positions are visible in the Orders tab. You can see real-time P&L, average entry price, and current market value as the price moves throughout the day.
Exit the Trade
When ready to close your position, open the instrument and tap "Sell". Select the quantity to exit and confirm. Your realised P&L (after brokerage and STT simulation) is credited to your virtual balance instantly.
Ready to practise? Download the app and start trading NSE stocks with ₹1,00,000 virtual capital — free.
Get the App FreeHow to Trade Futures & Options (F&O)
Practise Nifty, BankNifty, and stock futures & options with SEBI-aligned SPAN margin rules.
Find an F&O Instrument
Search for futures (e.g. NIFTY FUT, BANKNIFTY FUT) or options (e.g. NIFTY 24000 CE, BANKNIFTY 50000 PE). Use the search bar and filter by instrument type to narrow results to Futures or Options.
Check Margin Requirements
Before placing, the instrument screen shows the required SPAN margin. Ensure your virtual balance covers the margin needed. For options writing (short), margin is significantly higher than for buying.
Place a Futures or Options Order
Tap Buy (go long) or Sell (go short / write). Choose order type and enter quantity in lots — not shares. F&O quantities are always in lot sizes as defined by the exchange. Confirm the order.
Use the SPAN Calculator (Premium)
For complex multi-leg positions, open the SPAN margin calculator in the Tools tab. It estimates exact margin requirements including hedge benefits under SEBI's Basic standard — helping you practise real margin management before risking live capital.
Exit or Square Off
To close a futures or options position, place the exact opposing order (Sell if you bought, Buy if you sold). Net P&L — after brokerage and STT simulation — is settled to your virtual balance immediately.
Practise Nifty and BankNifty options strategies risk-free. SEBI-aligned SPAN margin rules apply automatically.
Start Practising F&OHow to Trade Cryptocurrency Premium
Trade 500+ INR-paired cryptocurrencies 24×7 with live prices and India-accurate tax simulation.
Upgrade & Access the Crypto Market
Crypto trading requires a Premium subscription. Once upgraded, open the app and navigate to the Crypto section. Browse 500+ coins with live INR prices, 24-hour change, and market cap information.
Search for a Coin
Type the cryptocurrency name (Bitcoin, Ethereum, Solana, XRP) or symbol (BTC, ETH, SOL) in the search bar to find your coin instantly. Tap it to open the coin's detail screen with live price and chart.
Place a Crypto Buy Order
Tap "Buy". Enter your quantity — fractional quantities are fully supported (e.g. 0.001 BTC or 0.5 ETH). The INR equivalent is shown in real time. Confirm to execute. Your virtual balance is debited with the full INR amount plus the entry fee (0.1%).
Monitor Prices 24×7
Crypto markets never close. Check your position and P&L at any time — including weekends, public holidays, and after NSE market hours. Live prices update continuously so you always see the current market value.
Sell & Track Your P&L
Tap "Sell" to exit your crypto position. India's TDS rules are applied automatically — 1% TDS and 0.1% exit fee are deducted, matching actual rules for crypto trading in India. Your net P&L is updated instantly in your Reports.
Crypto trading is a Premium feature. Upgrade inside the app from Settings → Subscription.
Learn About Crypto TradingHow to Trade MCX Commodities Premium
Practice Gold, Silver, Crude Oil, and 25+ MCX commodity futures with real lot sizes and SPAN margins.
Open the Commodities Tab
Commodity trading requires Premium. Once upgraded, find the Commodities section in the app's Tools tab. Browse all 25+ MCX commodity instruments organised by category: Precious Metals, Energy, Base Metals, and Agriculture.
Select an Instrument
Tap any commodity (e.g. Gold, Crude Oil, Copper) to open the detail screen. You'll see the current price, lot size, required margin, upcoming expiry date, and an intraday price chart.
Check Lot Size & Margin
Confirm the lot size and required margin before placing. Use the SPAN margin calculator to see exact requirements. Commodity margins can be significant — practising this step virtually is essential before trading live.
Place a Commodity Order
Choose Buy or Sell. Enter the number of lots (minimum 1 lot). Confirm the order — margin is blocked from your virtual balance and Commodity Transaction Tax (CTT) plus brokerage simulation are applied at the time of order placement.
Exit the Position
During MCX market hours, open the position and tap the opposing direction to close it. Charges are applied and your net P&L is updated immediately in your Reports and virtual balance.
Commodity trading is a Premium feature. Learn more about the full MCX instrument list and features.
Explore CommoditiesHow to Add Virtual Funds
Increase your virtual trading capital from the Settings screen. Free users: up to ₹1 Lac/day. Premium: up to ₹10 Cr/day.
Go to the Settings Tab
Tap the Settings icon in the bottom navigation bar (last tab). The Settings screen opens showing your Capital card at the top with your current virtual balance and total capital.
Expand the Add Funds Panel
Tap "Add Funds" within the Capital card. An input panel expands showing your current balance, daily amount added today, and the remaining daily limit. The input remains disabled if your daily limit has already been reached.
Enter the Amount
Type the amount you want to add. Free users can add up to ₹1,00,000 per day with a maximum total capital of ₹50 Lac. Premium users can add up to ₹10 Crore per day with a maximum of ₹100 Crore.
Confirm & Done
Tap the "Add Funds" button. Your virtual balance is updated immediately and the new capital is visible in the Capital card. No real money is involved — this is all virtual balance for paper trading practice.
How to Use Basket Mode
Place multiple orders simultaneously — perfect for spreads, straddles, hedged positions, and multi-leg strategies.
Open Basket Mode
Navigate to the Tools tab and tap "Basket Mode". You'll see your saved baskets — Free accounts have 1 basket, Premium accounts have up to 20. This allows you to maintain multiple independent strategies simultaneously.
Create or Open a Basket
Tap "New Basket" to create one or tap an existing basket to edit it. Give it a descriptive name — for example "Nifty Strangle", "BankNifty Bull Call Spread", or "Commodity Hedge". Named baskets help you organise multiple strategy scenarios.
Add Legs to the Basket
Tap "Add Instrument" to add each leg of your strategy. For each leg, set the Buy/Sell direction, quantity (or lots for F&O), and order type (Market or Limit). Add as many legs as your strategy requires.
Review the Basket
Check all legs are correct before executing. The total estimated margin for the entire basket is shown — verify that your virtual balance can cover it. You can edit or remove individual legs at any time before firing.
Fire the Basket
Tap "Execute Basket". All orders in the basket are placed simultaneously in a single action — ideal for strategies where timing and simultaneous entry across legs is critical. Perfect for iron condors, straddles, and hedged spreads.
Premium users get 20 baskets to test multiple strategies at once. Free tier includes 1 basket.
Try Basket Mode FreeOrder Types — Explained
Understand the different order types available across all instruments and when to use each one.
Market Order
Executes immediately at the current best available market price. Use a Market order when entering or exiting a position quickly and price precision is less important than speed of execution. Best for highly liquid instruments like Nifty or large-cap stocks.
Limit Order
Executes only when the price reaches your specified level — not before. Use a Limit order to enter at a precise price point or improve your average entry cost. The order stays pending until the price is hit or you cancel it manually.
Stop-Loss (SL) Trigger
A protective exit order that automatically closes your position if the price moves against you beyond a set threshold. Set a Stop-Loss when placing any order to protect your virtual capital from large adverse moves. Builds the habit of pre-defined risk management.
Target Price
An automatic profit-booking order. When the instrument hits your target price, the position is automatically closed and P&L is locked in. Combine a Target Price with a Stop-Loss to define a precise risk-reward ratio for every trade you place.
Pro tip: Always set both a Stop-Loss and a Target Price on every trade you place in the paper trading environment. This builds the discipline of pre-defined risk-reward — one of the most important habits for a consistent live trader.
Practice all order types with real NSE, Crypto, and Commodity prices — no real money involved.
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