Are you using a Demo account to practice trading?

[Primo1760]

Because the money we use is not real money, there is no burden for us when we experience losses, and also when we make a profit we cannot enjoy it. We don't have any pressure when using a demo account.

When using a real account, what we use is our money, so everything we do will determine whether we will lose or make a profit. And that's where the pressure will come to us, because there is a fear of losing money. Besides, who wants to lose money, right?

It is true. When we use demo trading, we don't have any pressure because we just use fake money. If we fail, we don' lose anything. This won't force us to improve fast, it is just like a fun trading with no profit and no lose.

Indeed. When we use real account, it will have a risk of losing the money. So, we must trade very carefully and learn everything first before doing it. In this way, it forces us to increase our ability in trading because it is the only way to avoid losing and improve the chance of profits.

Demo trading is designed to demonstrate trading only to demonstrate trading. Like if we go to any mobile shop to buy mobile, they see demo mobile instead of original mobile just to convince customers. So demo trading platform is designed in such a way that you can enter and do everything you want but you will not get cost or profit but yes you will learn everything about trading. I did not use any demo trading first for trading I joined trading directly but I joined trading I earned from trading from the beginning. But now I've pretty much built myself up with the trading platform, even if I lose, it doesn't take long to recover. But for those who have no one to help them to teach trading I think it is very important for them to learn trading from demo trading because it is better not to trade without gaining experience in trading.

[Aanuoluwatofunmi]

If you're a newbie and interested in learning how to go about it, then you may choose to take some kind of tutorials in doing trade and know that such is only meant for the beginners, and you're yet to go into the real lifetime trading in proper, when we are determined to learn how to trade, we will be have to facer the required procedures needed for it, trading is not that difficult to quickly assimilate its learning.

[MrSpasybo]

If you're a newbie and interested in learning how to go about it, then you may choose to take some kind of tutorials in doing trade and know that such is only meant for the beginners, and you're yet to go into the real lifetime trading in proper, when we are determined to learn how to trade, we will be have to facer the required procedures needed for it, trading is not that difficult to quickly assimilate its learning.

While Demo accounts can be very helpful, they cannot replace real accounts in the market. No matter how well prepared a trader is, they will encounter various problems when using a real account. I hope that Demo accounts can help traders avoid making silly mistakes when using CEX features or applying the wrong trading methods. The more traders prepare with a Demo account, the more risks they can avoid with a real account and real profits/losses.

[milewilda]

If you're a newbie and interested in learning how to go about it, then you may choose to take some kind of tutorials in doing trade and know that such is only meant for the beginners, and you're yet to go into the real lifetime trading in proper, when we are determined to learn how to trade, we will be have to facer the required procedures needed for it, trading is not that difficult to quickly assimilate its learning.

While Demo accounts can be very helpful, they cannot replace real accounts in the market. No matter how well prepared a trader is, they will encounter various problems when using a real account. I hope that Demo accounts can help traders avoid making silly mistakes when using CEX features or applying the wrong trading methods. The more traders prepare with a Demo account, the more risks they can avoid with a real account and real profits/losses.

You would really be able to tell up the difference in between demo trading and real account because using up real funds is something that would really be giving out that kind of
emotion specially on using up a real balance on which this is something that would really be affecting up your emotion when real money in on the talks but in speaking about
practice trading then this is something that you would really be needing to consider but nothing beats out the real learning on where live trading could really be able to give out.

[EthereumDev_]

If you're a newbie and interested in learning how to go about it, then you may choose to take some kind of tutorials in doing trade and know that such is only meant for the beginners, and you're yet to go into the real lifetime trading in proper, when we are determined to learn how to trade, we will be have to facer the required procedures needed for it, trading is not that difficult to quickly assimilate its learning.

Even though it's only for beginners, at least we can understand the situation of those who don't understand cryptocurrency. Like when we didn't understand cryptocurrency, we studied it first before trading cryptocurrency. At least for now there are many different networks so you have to be careful when owning cryptocurrency assets.

[bounceback]

Real fund will make us more braveness and has trading mentality than using demo account, easily trade with demo account without think how much loss but when using real fund and real account many trader get doubt for buying or keep waiting. Its not wrong practice with demo account but very difference when practicing with real account, for beginner have many Youtbube channel guide us how to trade from basic rule like deposit fund until withdrawing seems get more there without have practice with demo account.
I don't know how strong mentality trader if using demo account, will brave for buying coins or get doubt because difference between demo and real account.

[MrSpasybo]

You would really be able to tell up the difference in between demo trading and real account because using up real funds is something that would really be giving out that kind of emotion specially on using up a real balance on which this is something that would really be affecting up your emotion when real money in on the talks but in speaking about practice trading then this is something that you would really be needing to consider but nothing beats out the real learning on where live trading could really be able to give out.

We all easily recognize this, but sometimes I think that the boredom in the Demo account also has its own benefits: it helps traders have fewer emotions in this market and see trading as just a data-driven job as if it is not related to personal interests. At that time, traders can keep a cool head to make wiser decisions, not be too greedy or afraid. He will trade based on what he sees, not what he want.

This is also one of the interesting aspects that we can find from the Demo account. Some traders have shared about this when they believe that it is psychological sensitivity that has created mistakes and losses even when using the best trading methods.

[alltalk]

While Demo accounts can be very helpful, they cannot replace real accounts in the market. No matter how well prepared a trader is, they will encounter various problems when using a real account. I hope that Demo accounts can help traders avoid making silly mistakes when using CEX features or applying the wrong trading methods. The more traders prepare with a Demo account, the more risks they can avoid with a real account and real profits/losses.

Of course. Demo account is never the same as real account. There is no risk when we use demo accounts. It is just for beginners to know the basic things of how we trade in the exchange. If we know the basic things, we can trade in the exchange in a proper way. However, when we want to have real experience and want to improve our trading skills, demo account can't help us. We must use the real account to know the reality in the exchanges.

[Mr. Magkaisa]

    -   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.

[JISAN]

While Demo accounts can be very helpful, they cannot replace real accounts in the market. No matter how well prepared a trader is, they will encounter various problems when using a real account. I hope that Demo accounts can help traders avoid making silly mistakes when using CEX features or applying the wrong trading methods. The more traders prepare with a Demo account, the more risks they can avoid with a real account and real profits/losses.

Of course. Demo account is never the same as real account. There is no risk when we use demo accounts. It is just for beginners to know the basic things of how we trade in the exchange. If we know the basic things, we can trade in the exchange in a proper way. However, when we want to have real experience and want to improve our trading skills, demo account can't help us. We must use the real account to know the reality in the exchanges.

Yes Demo account can be used to learn the basics of trading things like, how to buy & sell, how to set TP/SL etc.... Demo account contains fake money so there is no risk so don't mix real trading account with demo account. But I would not say that a demo account will not help a person in any way in learning trading. Demo account can help only those who are totally noob in trading

[emmybd]

A couple of years ago, for forex trading I did use demo account and it helped me to understand how trading works. But live trading is completely different thing. I recommend start live trading with a small amount if things go wrong it would not hurt you much.

[Jeffy112]

The value of trading always involve due to time process and these might include a different changes in the current market rate of currency. The economy and governmental rules can as well affect how efficient you should expect at the end of the flow of price. Moreover if you make a research on flows of total daily y
Trade you can then also know well you should expect. So for new users. A demos account will always show you a virtual ways of what to expect in the flow but i will say you shouldn't take much time with getting your real account ready as you run your demo account for practice and put every possible learnt lesson in use in your real account with a lesser amount you can afford to loose.

[MrSpasybo]

Yes Demo account can be used to learn the basics of trading things like, how to buy & sell, how to set TP/SL etc.... Demo account contains fake money so there is no risk so don't mix real trading account with demo account. But I would not say that a demo account will not help a person in any way in learning trading. Demo account can help only those who are totally noob in trading

Similar to technical indicators, the value of a Demo account depends on how users utilize it for their own purposes. Learning to use the features of CEXs, technical indicators, capital management, time management, psychological management, getting acquainted with market volatility... - each user will have their own purposes when approaching a Demo account, even professional traders can use Demo accounts as a form of entertainment because they do not have enough capital to invest in all markets, all assets, all tokens. I have been involved in crypto trading since 2017, but I still continue to use Demo account to test both classic and modern technical indicators.