Best exchanges to practice for free?

[FanEagle]

Im aware of articles made by babypips yet this mostly talks about forex and stock market concerns and all factors connected to it.
When it comes to real and demo trading it will really be different and as said this would be on psychological aspect since you know that
you would lose money if you wont trade well.Carelessness level will be different between the two.Platforms that do offer demo trades
is good but as said earlier i cant see this much on crypto market.

Mostly, newbies should try to avoid platforms which might give information about forex and stock markets because forex and crypto are both different perspectives which would hardly be compared. They might have some similarities but you need to understand the basics before you could spot the similarities and hence I would never prefer newbies to go through any platforms like babypips, etc.

There are some huge platforms in the crypto space which would help you gain the desired knowledge. OP can use bybittestnet platform in order to start with demo leverage trading. Leverage trading can prove much beneficial and also we could have immense profits if we consider leverage trading cautiously.

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[South Park]

I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?

You do not really need an exchange for that, you can do something called paper trading, this is basically the practice of writing your trades and keeping track of them as if you were trading for real, this has the drawback of having to manually calculate commissions and stuff like that but when you are learning I see this as an advantage since it will allow you to familiarize yourself with all aspects of trading and when you finally decide to use real money you will be ready and you will not be surprised by those costs that eat away your capital.

[qory]

Not the same way when you trading on free exchange and try to imply with real exchange market and use real money, many people become most success when trading with free exchange by after trying with real exchange they lost much money, if you wanna be success try at the real exchange without use free exchange site for trading.

[Theo222]

Not the same way when you trading on free exchange and try to imply with real exchange market and use real money, many people become most success when trading with free exchange by after trying with real exchange they lost much money, if you wanna be success try at the real exchange without use free exchange site for trading.

Why wouldn't practicing your skill make you lose more?
Jumping in without a knowledge would just make you lose rather than making you a successful trader.

[xvids]

Not the same way when you trading on free exchange and try to imply with real exchange market and use real money, many people become most success when trading with free exchange by after trying with real exchange they lost much money, if you wanna be success try at the real exchange without use free exchange site for trading.

Do you have any proof about it?
It is like telling them that a soldier without a proper training would be more effective than the ones who studied it.
People learn from experience and it is true but learning from their experience is their choice so if they didn't learn anything from the simulator then it is their fault.
The simulator is build for us to try out our skill to enhance it so we wouldn't risk our own or real money in order to hone it.

[OmegaStarScream]

I see that a lot of users are suggesting to use HitBtc for this purpose, am I the only one who can see that the demo platform is no longer functional? It used to be accessible from the homepage, but it appears that the button is not there anymore and if you ever try and access it directly using the URL: https://demo.hitbtc.com/ you'll get the following message:

[Trac3y]

Juat make sure you dont choose a South African Exchange as their prices fixed. Im stuck with few grand on Altcoin Trader, prices at buyin is never less than 30 sat more. Scams and Fraud is to be expected in South Africa.
All Market are the same . At buyin the actual prices is at a peak ready to fall. Its so obvious South Africa being whored.
At this moment XLM is at 820 sat hanging over a cliff but buyin in south africa is 852 sat. lol

Im sure they use deposits of their customers as funds on buy side while dumping all the time what they buy on big exchanges. Its a team effort as all exchanges here are at same prices. Probably need to thank South African public for the help in Btc rise atm
Fuck the poor

[South Park]

Not the same way when you trading on free exchange and try to imply with real exchange market and use real money, many people become most success when trading with free exchange by after trying with real exchange they lost much money, if you wanna be success try at the real exchange without use free exchange site for trading.

Do you have any proof about it?
It is like telling them that a soldier without a proper training would be more effective than the ones who studied it.
People learn from experience and it is true but learning from their experience is their choice so if they didn't learn anything from the simulator then it is their fault.
The simulator is build for us to try out our skill to enhance it so we wouldn't risk our own or real money in order to hone it.

He has a point, one of the issues of paper trading or trading with a demo account in an exchange is that you will be able to implement your strategy perfectly since no money is at stake, but it is impossible to tell if you have the psychology of a trader with demo accounts, for that you need to use real money and it does not mater how prepared you think you are since that is something you cannot train then you will experience losses at the beginning of your trading career for your inability to implement your strategy correctly.

[TravisJames]

I didn't see it mentioned yet, but Altcoin Fantasy is a free cryptocurrency trading simulator. Basically you sign up and can enter into mock competitions. All prices and coins are pulled from Binance, so it is a good replication of actually trading.

[Moshaid]

For me, I prefer binance to any other exchange out there because starting off trading I stated with binance and the experience has been great so far, although I enjoy using bitmex at some point but my first love for binance is still there. Moreover binance is constantly opting their features by bringing in new model which are beneficial to the traders.

[coinhunt]

What do you mean by saying “being able to practice”. Are you asking about trading? CEX Bro https://cexbro.com/ is good for trading, take a look at it. Or are you asking about demo account? Or what?)