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Cryptocurrency Trading / Re: Are you using a Demo account to practice trading?
« on: Today at 03:50:06 PM »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.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 ^^
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.
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.