How a demo trading account can help you learn cryptocurrency trading- Pcex.io

[Peter Jack]

A demo account is a type of account offered by trading platforms, which is funded with virtual money. Basically, a trading platform allows a trader to become familiar with a trading platform without making a deposit.

Funds are simulated in a demo account, therefore you can practice your execution, available trading tools, and other features or test your trading strategy risk-free. Demo accounts are offered by a wide variety of online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodity exchanges. There are many different sectors that have shown interest in the concept of demo accounts.

Demo accounts are also beneficial for traders who are experienced in trading in stocks but want to experiment with other asset classes. Example, investors may want to open a demo account before they start investing in commodities, or currencies, even if they already have much experience investing in stocks. That’s because these markets are subject to different influences, allow different kinds of market orders and feature different kinds of margin requirements than the stock market.

A free trading account is an excellent way to gain experience with zero risks.
PCEX offers you a safe and fast trading platform. Register at PCEX to open your own Demo Account.

[coinlurker]

A demo account is a type of account offered by trading platforms, which is funded with virtual money. Basically, a trading platform allows a trader to become familiar with a trading platform without making a deposit.

Funds are simulated in a demo account, therefore you can practice your execution, available trading tools, and other features or test your trading strategy risk-free. Demo accounts are offered by a wide variety of online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodity exchanges. There are many different sectors that have shown interest in the concept of demo accounts.

Demo accounts are also beneficial for traders who are experienced in trading in stocks but want to experiment with other asset classes. Example, investors may want to open a demo account before they start investing in commodities, or currencies, even if they already have much experience investing in stocks. That’s because these markets are subject to different influences, allow different kinds of market orders and feature different kinds of margin requirements than the stock market.

A free trading account is an excellent way to gain experience with zero risks.
PCEX offers you a safe and fast trading platform. Register at PCEX to open your own Demo Account.

I agree that a demo account can help you pick up your ways of trading and confidence in trading but when it comes to trading real money and virtual money there will still have difference in your psychology aspect. You might be doing great demo trading but that does not means you will definitely reap good profits when you are live trading.

[Peter Jack]

Absolutely correct, you really need a lot of experience when it comes to real trading and conditions are also different in the real market. Demo trading is best for beginners to learn how the market works.