Are you using a Demo account to practice trading?

[ajiz138]

That's right, a demo account will help beginners so they can learn how to start an entry, place a stop loss or place a take profit. Because it's impossible for us to immediately enter a real trade even though we don't know what we should do.

It can be learned on a demo account. There may be more complicated levels such as indicators and such, but we can do that slowly. There are also many beginners who end up becoming good traders starting from learning on a demo account.

I believe that each tool has its own value, and each user can explore and use it in their own way to maximize that value. Demo accounts are also similar, they may be unnecessary for many traders, but they are still useful for me to track the market and test new trading methods that I have access to or that I have developed myself based on advances in data analysis. For me, a demo account is a great gift that CEX or TradingView platforms have created to promote the development of the market, even though they initially just wanted to have more users and trading volume to earn more profits ^^

That's right, everything that exists must have a use, depending on how we look at it. Sometimes there are people who think something is a small thing, but if you dig deeper, you can feel the benefits.

Again, this depends on how we see things. Are we going to look at it broadly, or are we going to look at it from a narrow angle. Learning can be done from anywhere and from anything, as long as we are serious about doing it.

[bitbit97]

That's right, a demo account will help beginners so they can learn how to start an entry, place a stop loss or place a take profit. Because it's impossible for us to immediately enter a real trade even though we don't know what we should do.

It can be learned on a demo account. There may be more complicated levels such as indicators and such, but we can do that slowly. There are also many beginners who end up becoming good traders starting from learning on a demo account.

I believe that each tool has its own value, and each user can explore and use it in their own way to maximize that value. Demo accounts are also similar, they may be unnecessary for many traders, but they are still useful for me to track the market and test new trading methods that I have access to or that I have developed myself based on advances in data analysis. For me, a demo account is a great gift that CEX or TradingView platforms have created to promote the development of the market, even though they initially just wanted to have more users and trading volume to earn more profits ^^

So when was the last time you have practiced trading with demo account? When was the last time you have tested something? What was the result?

I always see people saying that demo accounts are very useful, they allow to learn, but they never name anything particular. If we compare trading with driving, then before driving a car, we dont pass driving tests, nor do driving simulations, or run few miles on empty road to test how car goes forward, even though we have done it lots of times before.

[milewilda]

That's right, a demo account will help beginners so they can learn how to start an entry, place a stop loss or place a take profit. Because it's impossible for us to immediately enter a real trade even though we don't know what we should do.

It can be learned on a demo account. There may be more complicated levels such as indicators and such, but we can do that slowly. There are also many beginners who end up becoming good traders starting from learning on a demo account.

I believe that each tool has its own value, and each user can explore and use it in their own way to maximize that value. Demo accounts are also similar, they may be unnecessary for many traders, but they are still useful for me to track the market and test new trading methods that I have access to or that I have developed myself based on advances in data analysis. For me, a demo account is a great gift that CEX or TradingView platforms have created to promote the development of the market, even though they initially just wanted to have more users and trading volume to earn more profits ^^

That's right, everything that exists must have a use, depending on how we look at it. Sometimes there are people who think something is a small thing, but if you dig deeper, you can feel the benefits.

Again, this depends on how we see things. Are we going to look at it broadly, or are we going to look at it from a narrow angle. Learning can be done from anywhere and from anything, as long as we are serious about doing it.

Demo trading wasnt that created for having no purpose on which its true that this is something that would be also a relevant thing specially into those peopl who had been starting on doing trading on which we know that there would really be those noobs who would really be making use of demo platform yet there would really be suggestions that would be made on which its not really that a bad option for you to start up on learning trading on using up demo. You could really be able to familiarize on things on what you should really be able to realize and this is something that
will really be a normal approach for you to do so. There are really just those individuals who would really be going into those path on where they would directly dealing with real fund trading.

[MrSpasybo]

So when was the last time you have practiced trading with demo account? When was the last time you have tested something? What was the result?

I always see people saying that demo accounts are very useful, they allow to learn, but they never name anything particular. If we compare trading with driving, then before driving a car, we dont pass driving tests, nor do driving simulations, or run few miles on empty road to test how car goes forward, even though we have done it lots of times before.

I use the Demo account daily to experience and gain experience trading according to the LPPLS method that I am integrating into TradingView. The last trade was made on April 11 when the BTC mini-bubble burst, sending the entire market into a significant correction phase. I am waiting for the formation of a bullrun to have enough data to predict a larger bubble in this cycle. Ended the buy order for BTC at $20K and sold at $70K, for a profit of +250%.

In addition, I am also researching many other methods such as Bob Volman's method or Sonic-R. As I have presented, I do not like to use Strategy for backtesting because it does not create a decision-making experience in trading, the Demo account makes me more comfortable making decisions and making more mistakes to accumulate experience in the process. following the market.

[LogitechMouse]

    -   The use of demo trading is a good way to ensure that the funds that we enter into the trading exchange platform are not immediately wasted. Actually, just last week, because I wanted to learn futures trading, I first practiced demo trading to know where and how I could get a profit from it.

Because I know it's not that easy to get earnings here. Although I already have some ideas and knowledge about trading, that's why I decided to try to enter the futures trading activity.

It's good that you started with demo account first before using real money in trading.
For some, using demo account first seems to be working for them. That isn't the case for me. I also tried using demo account before doing trading, but I always end up with a loss.

Based on my experience, your emotions in both using the demo account and the real money in trading is very different. In using you demo account, you seem like you don't care at all if you lose your money because after all, it's just fake money. You don't care even if you're making mistakes or losing that money because it's only on demo account. That isn't the case when you're doing trading using your real money anymore because emotions are helpful to make better decisions. That's my problem when I'm trading. I'm letting my emotions control me hence, I ended up making some stupid and bad mistakes that caused me to lose all of my capital (or at least a huge portion of it).

At the end of the day, demo account is helpful still, but not for all.

[bitbit97]

So when was the last time you have practiced trading with demo account? When was the last time you have tested something? What was the result?

I always see people saying that demo accounts are very useful, they allow to learn, but they never name anything particular. If we compare trading with driving, then before driving a car, we dont pass driving tests, nor do driving simulations, or run few miles on empty road to test how car goes forward, even though we have done it lots of times before.

I use the Demo account daily to experience and gain experience trading according to the LPPLS method that I am integrating into TradingView. The last trade was made on April 11 when the BTC mini-bubble burst, sending the entire market into a significant correction phase. I am waiting for the formation of a bullrun to have enough data to predict a larger bubble in this cycle. Ended the buy order for BTC at $20K and sold at $70K, for a profit of +250%.

In addition, I am also researching many other methods such as Bob Volman's method or Sonic-R. As I have presented, I do not like to use Strategy for backtesting because it does not create a decision-making experience in trading, the Demo account makes me more comfortable making decisions and making more mistakes to accumulate experience in the process. following the market.

Nice to see that. You actually the first person I see who is already experience and keep using demo account for some purpose, while many use it for few minutes as a tutorial and jump to making first deposit. So you use demo account - can you predict trend change to bull run with it? For a long time I had a very tricky question in my mind - is it possible to make any kind of prediction about meme coins by using demo account?

[ajiz138]

That's right, everything that exists must have a use, depending on how we look at it. Sometimes there are people who think something is a small thing, but if you dig deeper, you can feel the benefits.

Again, this depends on how we see things. Are we going to look at it broadly, or are we going to look at it from a narrow angle. Learning can be done from anywhere and from anything, as long as we are serious about doing it.

Demo trading wasnt that created for having no purpose on which its true that this is something that would be also a relevant thing specially into those peopl who had been starting on doing trading on which we know that there would really be those noobs who would really be making use of demo platform yet there would really be suggestions that would be made on which its not really that a bad option for you to start up on learning trading on using up demo. You could really be able to familiarize on things on what you should really be able to realize and this is something that
will really be a normal approach for you to do so. There are really just those individuals who would really be going into those path on where they would directly dealing with real fund trading.

That's part of our preparation to dive straight into real trading. With a demo account, we can have a simple picture of what we will see on the monitor screen later.

It's just that here we don't form a mentality in trading, because the money we will use is demo money. Meanwhile, when we trade on a real account, our mentality will be tested because there we will see whether our money will become a profit or a loss.

[MrSpasybo]

Nice to see that. You actually the first person I see who is already experience and keep using demo account for some purpose, while many use it for few minutes as a tutorial and jump to making first deposit. So you use demo account - can you predict trend change to bull run with it? For a long time I had a very tricky question in my mind - is it possible to make any kind of prediction about meme coins by using demo account?

In addition to me, many traders in the community are also using Demo account for purposes beyond learning how to use the features of CEXs, as learning technical analysis is a long-term journey throughout our careers. It would be great if we could save on learning costs by using Demo account to experience the process of analysis + prediction + order placement + result evaluation.

Demo account is just a tool to experience the market for learning purposes, it is not a way to make predictions. Predictions depend on the market analysis method that the trader uses: RSI, MACD, Ichimoku... This is also similar to memecoins, I believe that a exp trader can make a profit from trading memecoins.

[Litzki1990]

Demo account can be used only for learning but if a trader starts trading using main account from the beginning he will develop enough risk appetite and learn about trading practically.  Trading in a demo account will not seem serious to us but whenever we trade with a real account it will be very serious to us and we will learn about it with interest when we take it seriously. Maybe there are many traders like me who are directly trading with main account. I have directly used the main account for trading that is why I find it more acceptable to trade and learn on the main account.

With the demo accounts provided on several exchange platforms, this will provide quite good value for those who are beginner traders who don't know the right time to enter and buy coins and then sell them at a high price or use other trading methods. I really provide full support for those who want to learn to use a demo account so that when using personal capital, trading will be calmer because we have studied several methods that you can get from a demo account.

You can create demo accounts on various exchange accounts where you can conduct your operations. A demo account usually allows a user to learn or gain some insight into trading, but the same can be done with a real account. Since the main account can do all kinds of work as well as learn about trading, I think there is no need to use our demo account. But I won't stop those who want to learn such things better by using demo account because if they can learn that way then it's right for them.

[Vx1]

We can use a demo account to learn about trading, but in my opinion, if we have capital, we should just deposit directly with a real account.  Because with real money and a real account we will be more serious in learning to trade than using a demo account.

[UNIVERSE]

We can use a demo account to learn about trading, but in my opinion, if we have capital, we should just deposit directly with a real account.  Because with real money and a real account we will be more serious in learning to trade than using a demo account.

Of course, demo account is used for learning the basic things about trading. It is very necessary for newbies or beginners, it will give the description about how people trade commonly. However, to get real experience, surely we need to deposit funds and begin to use real accounts. But make sure we already knows all the basic things firstly through the demo trading. Even I didn't use it but I know it is very needed once we are in the beginning phase of trading.

[Vx1]

We can use a demo account to learn about trading, but in my opinion, if we have capital, we should just deposit directly with a real account.  Because with real money and a real account we will be more serious in learning to trade than using a demo account.

Of course, demo account is used for learning the basic things about trading. It is very necessary for newbies or beginners, it will give the description about how people trade commonly. However, to get real experience, surely we need to deposit funds and begin to use real accounts. But make sure we already knows all the basic things firstly through the demo trading. Even I didn't use it but I know it is very needed once we are in the beginning phase of trading.

Yes, as you said, when people are new to cryptocurrencies, of course they don't understand what it is and how to trade cryptocurrencies correctly. A Demo account is needed for learning, after understanding then we can make a deposit and trade for real. 
By the way, I actually used to learn trading on YouTube and got directions from my friend who taught me Crypto, and didn't use a demo account to learn crypto trading.

[Gladitorcomeback]

Of course, demo account is used for learning the basic things about trading. It is very necessary for newbies or beginners, it will give the description about how people trade commonly. However, to get real experience, surely we need to deposit funds and begin to use real accounts. But make sure we already knows all the basic things firstly through the demo trading. Even I didn't use it but I know it is very needed once we are in the beginning phase of trading.

A new trader should never make the mistake of getting into real trading only to gain more exposure or experience because knowledge comes before experience, and one needs to gain knowledge first before one goes towards gaining experience. This is why every trader needs to learn everything first, do a lot of practice to see if they have understood whatever they have learned, and when they feel they are ready, that is when they should jump into the market.

Newbies often make the mistake of starting real trading with their money immediately after joining the market without any knowledge or anything and then when they lose money, they start blaming the market instead of taking the blame for not trying to learn something before getting into it.

[milewilda]

Of course, demo account is used for learning the basic things about trading. It is very necessary for newbies or beginners, it will give the description about how people trade commonly. However, to get real experience, surely we need to deposit funds and begin to use real accounts. But make sure we already knows all the basic things firstly through the demo trading. Even I didn't use it but I know it is very needed once we are in the beginning phase of trading.

A new trader should never make the mistake of getting into real trading only to gain more exposure or experience because knowledge comes before experience, and one needs to gain knowledge first before one goes towards gaining experience. This is why every trader needs to learn everything first, do a lot of practice to see if they have understood whatever they have learned, and when they feel they are ready, that is when they should jump into the market.

Newbies often make the mistake of starting real trading with their money immediately after joining the market without any knowledge or anything and then when they lose money, they start blaming the market instead of taking the blame for not trying to learn something before getting into it.

Demo trading is for some sort of self learning and familiarization but the real learnings could really be acquired through real balance trading on which you are using up that real money on which it would really be just that normal that you would really be making out those serious approach when making use of the funds on which you do know that it is really that real. There are really things on which you cant really be able to learn when you do make use of demo trades but of course it does have that kind of purpose on which it isnt something that bad at all in the first place.
Just like been said that there are things which you cant really be able to learn up on demo trading but rather it would be on live one.

[MrSpasybo]

Demo trading is for some sort of self learning and familiarization but the real learnings could really be acquired through real balance trading on which you are using up that real money on which it would really be just that normal that you would really be making out those serious approach when making use of the funds on which you do know that it is really that real. There are really things on which you cant really be able to learn when you do make use of demo trades but of course it does have that kind of purpose on which it isnt something that bad at all in the first place.
Just like been said that there are things which you cant really be able to learn up on demo trading but rather it would be on live one.

First of all, I do not support the view of using money in real account to learn something from the market or to invent a method that is already available such as MA, RSI, MACD, Ichimoku... It would be better if those costs were used as investment capital to generate profits from the experience gained in using a Demo account.

Of course, a Demo account cannot create 100% real experiences related to emotions in the market when faced with fluctuations, losses and profits, but a Demo account can still help traders train the process of learning and applying trading methods + capital and psychology management. I really hope that if a trader needs a minimum of 100% exp to trade successfully, then 90% exp will be generated using a Demo account and then 10% with a real account.