Author Topic: Getting Started / paper trading first  (Read 79 times)

Rainer Jaeger

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Getting Started / paper trading first
« on: July 10, 2020, 07:23:36 pm »
Hi guys,

I am trying to get the ball rolling. I set up a IB paper trading account. I then set up a pair trading portfolio, downloaded PTL Trader, connected to my pair tradingLab, connected to IB. However, I don't seem to be able to bind my account. The drop-down menu is empty. I also tried to fill-in my IB account dets there but nothing happens.

Is it possible to test out a pair trading portfolio via a IB paper trading account first?

Appreciate your help!

Rainer


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Re: Getting Started / paper trading first
« Reply #1 on: July 11, 2020, 09:55:15 am »
Are you sure you really have a regular paper account? This is something different than demo account. IB gives paper accounts only to owners of live accounts.

Rainer Jaeger

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Re: Getting Started / paper trading first
« Reply #2 on: July 11, 2020, 04:13:57 pm »
Thx so much for your clarification. You are right - I only opened this account with IB and not a live account yet. It looked like a paper account but as you point out it is more like a demo account. Cheers!