--- title: "Paper Trading on Vela: Free $100,000 Paper Account | LuxAlgo" description: "Paper trading on Vela by LuxAlgo: a free $100,000 paper account on every plan. Trade from the chart with stops and targets; every fill lands in your journal." canonical: https://www.luxalgo.com/features/trading/ --- # Paper Trading on Vela: Free $100,000 Paper Account | LuxAlgo > Paper trading on Vela by LuxAlgo: a free $100,000 paper account on every plan. Trade from the chart with stops and targets; every fill lands in your journal. ## Paper Trading. Practice on the chart you trade. A $100,000 paper account comes with every LuxAlgo plan, Free included. Place orders on Vela, our next-generation charting platform, set the stop and the target on the chart, and every fill lands in your journal. Free to start. No credit card required. Open Vela: https://vela.luxalgo.com/chart ## Orders Where You Read the Chart The order panel sits in the chart’s side rail. Buy and Sell sit on the chart itself. Choose market, limit or stop, set the size, and add a stop loss and a take profit. The order draws on the chart before you place it, and its button names exactly what it sends. - Trade from the chart. Buy and Sell sit under the symbol, right on the chart. Turn on one-click trading and a press places a market order at once. - Drag the stop and the target. Limits, stops and exits start on the chart at the last price: drag each one to the price you mean and the order panel follows. Once filled, the position’s lines stay on the chart to move or close. - Rails before every fill. Every order passes the risk rails first, and paper sizes each position by the margin it holds, as a broker’s margin account would. The kill switch refuses new orders and cancels working ones. ## The Whole Record, Under the Chart The Trading panel holds your positions, working orders, order history, trades, activity and analytics. Open P&L ticks with the price you see. Close or reverse a position from its row, and read Analytics for today, the last 7 or 30 days, or all time, with net P&L and its drawdown over time. Every fill also lands in your journal as an account of its own, with nothing to import. ## Quant Proposes. You Decide Quant, our coding agent, knows your paper accounts and puts every order it proposes on an approval card. Ask for a trade, an exit or a cancel. The card shows the size, the stop and the targets, the risk in dollars and as a share of the account, and Quant’s reason. Approve, edit or reject it: Quant only proposes what you ask for, and nothing reaches the account until you approve. On paper, auto-approve can take over for up to four hours, then turns itself off. ## Practice at the Size You Trade Keep up to five paper accounts, each with its own balance, positions and journal, from $1,000 to $10,000,000. Preset sizes from $10K to $1M are a click away, the sizes prop firms sell among them, and a reset starts an account over while its journal so far stays. Weighing a challenge? Quant checks a backtested strategy against prop-firm challenge rules with the prop-firm simulator: the estimated pass rate and what would fail it, challenge by challenge. An estimate from past trades, never a promise. Rules, fees and drawdowns, firm by firm: compare prop firms (https://www.luxalgo.com/prop-firms/). ## Common questions Q: Is paper trading free? A: Yes. Paper trading comes with every LuxAlgo plan, Free included, with no credit card required. Sign in on Vela and your paper account is ready on the chart. Q: How much virtual money do I get? A: Your first paper account, Paper Trading by LuxAlgo, starts with $100,000. You can keep up to five paper accounts, each starting anywhere from $1,000 to $10,000,000 in whole dollars. Q: Can I reset my paper account? A: Yes, at any time, at the same size or a new one. It starts over with no positions and its working orders are canceled. Its journal so far stays in the Trade Journal with its notes and tags, and past orders stay in your order history. Q: Does paper trading count toward a prop-firm challenge? A: No. A paper account is practice on LuxAlgo, not a prop-firm challenge, and it isn’t linked to one. You can open one at a challenge’s size, and Quant can check a backtested strategy against prop-firm challenge rules with the prop-firm simulator. Its pass rates are estimates from past trades, not a promise. Q: Which symbols can I paper trade? A: Paper balances are in US dollars, so for now paper trades symbols priced in dollars: US stocks and ETFs, futures with a dollar point value, crypto and commodities quoted in USD, USDT or USDC, and dollar forex pairs such as EURUSD or USDJPY. A symbol priced in another currency, like a listing abroad or EURGBP, can’t be traded on paper. Q: Can Quant trade for me? A: Quant, our coding agent, proposes and you decide. Ask for a trade, an exit or a cancel and Quant puts the exact order on an approval card; nothing reaches the account until you approve it. On paper you can turn on auto-approve for up to four hours, and the kill switch still refuses every new order. Q: Can I practice on past markets? A: Yes. Replay any chart (https://www.luxalgo.com/features/replay/) from a start bar you pick, play it back, and trade it as it unfolds on a replay account of its own. Trade it on paper first. Every plan, Free included, comes with a $100,000 paper account. Open a chart and place your first order. https://vela.luxalgo.com/chart "TradingView" and "Pine Script" are trademarks or registered trademarks of TradingView, Inc. LuxAlgo is not affiliated with, sponsored by, or endorsed by TradingView, Inc. Sitemap: https://www.luxalgo.com/sitemap.xml · Machine-readable index: https://www.luxalgo.com/llms.txt