Trading your strategy on DEMO is a waste of time

[Fredomago]

Nothing in learning is a wastage of time, it always pays you back in some form or other. People think crypto trading is easy, can be done by anyone and don't require prior training. Read this  https://bitcointalk.org/index.php?topic=5321502.0

Misconceptions as there are a lots of schemes who victimized those poor investors, thinking that crypto is an easy way to richness, with a lots of hypes and a lots of people who luckily earned from this market.

There lazy people who thinks that they'll get the same fate and just blindly invest their money and loses all after.

Using all the venues for learning is not a waste of time it's a wise move before engaging and invest your money.

[1715281192]

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[1715281192]

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[sayaya17]

Everyone's reasons are different. Of course trying demo trading for beginners doesn't hurt, it's good to know how you do your trading strategy. But for newbie
traders who want to trade directly on the market, can try  with  a small capital first, maybe  it  can  be with $ 10. Of course with  $10 it  should  brave  to  lose
because there is no trade for beginners who directly earn. Earn from trading only for those who already trade a lot with a lot of experience.

[CaVO32]

Everyone's reasons are different. Of course trying demo trading for beginners doesn't hurt, it's good to know how you do your trading strategy. But for newbie
traders who want to trade directly on the market, can try  with  a small capital first, maybe  it  can  be with $ 10. Of course with  $10 it  should  brave  to  lose
because there is no trade for beginners who directly earn. Earn from trading only for those who already trade a lot with a lot of experience.

Yes, everyone has their own story and own way of handling things. Some want to directly experience the market, but they need to remind themselves, that the money he will use may lose in the process. But if he doesn't want to take the risk of real money, he can always check the demo trading first. But he needs to remember, that even if he did the demo trading, he is still subject to losing in actual trade. The environment in actual trading is different especially if you are dealing with different coins.

[cryptocointrade.com]

I agree, I dont like demo accounts.

Trading is not about learning click on a mouse.

Its all about manage and control your fear and your greed.

At the same time you need to understand market movements and the fundamentals behind.

A demo account will not teach anything of this but can actually ruin your ability to control fear/greed since you will learn trading without those.

[Lanatsa]

I agree, I dont like demo accounts.

Trading is not about learning click on a mouse.

Its all about manage and control your fear and your greed.

At the same time you need to understand market movements and the fundamentals behind.

A demo account will not teach anything of this but can actually ruin your ability to control fear/greed since you will learn trading without those.

Demo trades haven't giving out some claims about that but eventually you could really still able to learn up something because not all would really be planning to trade
with real money right away.

Its just a matter of reference though because some does really like to practice up first before they do go with real money and this is where demo would be significant.

If you do hate it out then so be it but it isn't actually a waste of time but I do agree that this wont really be helpful when it comes to emotional aspects.

[santiPOGI]

Whether you can afford to lose your money or not, trading is for everyone who wants to learn and to earn just simple
as that. Moreover, having a Demo first in the exchange is one of the fastest way for the newbie to learn a basic tutorial
about how to use the platform whatever it is. So, it is not a waste of time instead it is an additional idea or knowledge about
in trading actually.

[LUCKMCFLY]

When the strategy is applied in the Exchange in "Demo mode", it is not only served to test your action plan, but it also serves for the merchant to learn how to use exchange tools, for example: how you can place an order, If you can place "Stop Loss" and "Take profit" at the same time, how to lengthen the gain, if you allow you to re-enter or not, it is better to make an error in the demo mode that makes an error with real money and running risk to lose money for not knowing how to use the Exchange tools. The volume that is handled in the exchange is also known, and SBER well what retirement rates, for each transaction, all this help, if we are wrong in these details with real money, can lose and that is what needs to be avoided .

[conected]

Whether you can afford to lose your money or not, trading is for everyone who wants to learn and to earn just simple
as that. Moreover, having a Demo first in the exchange is one of the fastest way for the newbie to learn a basic tutorial
about how to use the platform whatever it is. So, it is not a waste of time instead it is an additional idea or knowledge about
in trading actually.

- If you want to know about the basic maneuvers of a platform, the community and social networks have probably created very detailed articles on how to register, how to use and how to trade, they certainly won't instruct others to make a mistake as they might get a commission from signing up for their affiliate account. To the best of my knowledge, exchanges currently don't have too many DEMO versions for newcomers to join, they felt that this virtual version was too wasted time, the actual version was optimized for use

[Anrix2036]

If strategy is built on the set of rules to get rid of emotion, and analysis is quantitative to make your trading system more accurate, then DEMO is the best choice to pre-test it. Then go small to LIVE for test, and in the end put more money when you done testing for some time.

[Myleschetty]

The OP made some good points but still trading one strategy on DEMO is still never a waste of time because the new trader needs to understand the exchange site they are planning to use and some hidden features.

[StartupAnalyst]

Demo-trading is such a peculiar trading simulator of the real trades so you won’t lose your money there but won’t have an opportunity to withdraw as well. It’s something like a nice capability for a newbie to test the platform and own trading skills before real trades. No doubt it is very useful option but not a waste of time.

[trigger1975]

I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another. The first truth is that there is no spare money anywhere in the world; every money are valuable. To improve your trading psychology, you must practice your trade strategies on a live trade; even if you start out with 10$; you need to feel the heat, be under pressure.

I disagree.  Demo trading isn't for gaining the psychological experience but for testing out a strategy, getting a feeling for how the strategy works in current market condition, perfecting the trade plan for that particular strategy, find the flaws in the rules and trade management for that strategy and so on.  I'd never put a strategy live before I've tested it for at least 100 trades in demo or paper.  If you're trading for feeling the heat, it'll burn you in the long run.

[Spaffin]

I have no intention of riling up anyone, but as a learning trader it is good that we discuss facts with one another. The first truth is that there is no spare money anywhere in the world; every money are valuable. To improve your trading psychology, you must practice your trade strategies on a live trade; even if you start out with 10$; you need to feel the heat, be under pressure.

I disagree.  Demo trading isn't for gaining the psychological experience but for testing out a strategy, getting a feeling for how the strategy works in current market condition, perfecting the trade plan for that particular strategy, find the flaws in the rules and trade management for that strategy and so on.  I'd never put a strategy live before I've tested it for at least 100 trades in demo or paper.  If you're trading for feeling the heat, it'll burn you in the long run.

You are absolutely right, but in some cases, demos are very helpful for beginners to hone their skills and possible skills for trading cryptocurrencies. For many newbies, the real demo versions of cryptocurrency exchanges are a very good find, because to a greater extent beginners lose their initial capital for the first time in their days of activity during practical training.

[Rexler]

Demo trades are where noob traders carry out experiment, before thing of jumping into live trading, so we can't say they are a total waste of time, cuz they do help alot more than you can imagine, noobs use demo trades till they feel they having a trading strategy that works on the market, although I must admit that trading with hard earned money is alot more pressuring than demo trades, cuz demo trades its just a fake money and fake balance while for live trades that's your real money right there, if you don't control your emotions you might loose all of  your trading capital.

[darewaller]

Demo-trading is such a peculiar trading simulator of the real trades so you won’t lose your money there but won’t have an opportunity to withdraw as well. It’s something like a nice capability for a newbie to test the platform and own trading skills before real trades. No doubt it is very useful option but not a waste of time.

That's the thing about it, you are not going to be suddenly a great trader thanks to it, but you are not going to have zero help from it neither, it is going to help you a bit and that's what I think OP is missing as well. Not everything has to be about making you perfect, some things are not perfect and will stay that way, there is no turning away from that, and just because it is not perfect doesn't mean that you should not do it neither.

Do not let perfection get in the way of greatness, that is what the saying goes and that is why I think demos are not perfect, they are not even great but they are quite good for newbies and anyone who wants to start and never traded before should focus on trading for fake and learn how to trade on the real markets by using fake money and in the end if they get better they will be able to see that result in the end.