What are the steps of Live Trading?


Backtesting is the process of assessing the performance of a trading or investment strategy by applying it to historical market data to simulate how it would have performed in the past. This evaluation helps traders and investors understand the potential profitability, risk, and effectiveness of their strategies before implementing them in real-world trading environments.
Paper trading is commonly used by novice traders to gain experience, test strategies, and understand market dynamics before live trading. Experienced traders also use it to refine strategies or explore new ideas without risking real capital. Live trading involves using real money to buy and sell assets in financial markets, aiming for profit. It's real-time and carries financial risk, directly impacting the trader's account balance based on trade performance.




Alpaca Securities LLC is a member of Financial Industry Regulatory Authority, Inc. (FINRA). You can check the background of Alpaca Securities on FINRA’s BrokerCheck. Alpaca Securities is also a member of SIPC.

Spring by ICICI Direct - a research and trading platform for automated trading. It is designed for researching and executing systematic investment strategies.

Interactive Brokers (IB) offers trading in multiple asset classes, including stocks, options, futures, forex, bonds, mutual funds, ETFs, CFDs, and cryptocurrencies.
It has a global presence, offering access to over 100+ markets across 30+ countries. You can use IBridgePy or IB TWS API to perform automated trading.
You can go through the following Quantra course, Automated Trading with IBridgePy using Interactive Brokers Platform to understand how to live trade in more detail.
*All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information covered in the courses is for educational purposes only.