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Cryptocurrency Trading / Re: Are you using a Demo account to practice trading?
« on: May 15, 2024, 11:39:10 PM »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.Of course, it is normal when the newcomers don't know anything. That's why they need time to learn everything, it should take times. Demo account is one of the tools to make newcomers easier to understand trading. With demo account, it is expected the newbies/beginners will understand how real traders do trading in a proper way. However, besides the demo accounts, we also can learn from YT videos and articles from trusted sources. And we also can get the knowledge from experts, too. These are a part of lessons, all of them are good.
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.