I have been told by a lot of good traders that before I become a pro trader I need to paper trade. Who does it and can some one share his experience and strategy for me to learn. It Is even effective in making one a good trader?
I believe that what you mean by paper trading is same thing as demo trading. For my view, demo trading is just for you to familiarize yourself with the trading platform, getting use to the buttons, where to find them, making orders, indicators etc.
As for the trading experience with demo and real life trading, they are not the same because one involves "fake" money visible on the platform while the other involves your "hard earned money" on the platform too. Off course you know the emotions wouldn't be measured in the same way