Paper trading is the practice of simulating trading using virtual funds instead of real money. You get to interact with live market data, place buy and sell orders with real order types, and track your portfolio performance. All profits and losses are virtual. So, nothing will be at risk.
For Indian traders, paper trading is one of the most effective ways to learn how markets work without the cost of real mistakes. 5Trade's paper trading account uses live, real-time market data. You can execute simulated trades against actual market prices, not synthetic or delayed data.