Virtual/Practice Trading

[passwordnow]

What do you imply with virtual trading and practice trading?

I guess virtual trading when you open your account and do demo trades. Practice trading is when you trade with your real money. If I understood you correct, you can practice with demo trades and learn to get entry, exit price, and price actions but demo trades never help you to practice your emotional control. Emotion is important and you can not trade successfully if you can not control your emotions and orders.

Yes, that's it and you're right. It's the demo for those platforms that allows their users to practice trading which he's telling. This is quite popular these days for those who are starting out and want to learn how the market works. It's a very simple feature yet it's very much effective for those who want to try it without having any investment or real cash to be affected as you do your trade. Virtual money = play money. I used to do this before when my friend also introduced me but it's for the stocks and searching for crypto if there are any, as result, there are really many of them. It doesn't matter if you are too emotional or not but you just have to learn the basics and the wave of the market through that demo account.

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[maxreish]

I have used this one before when I was a starter.
 - https://testnet.bitmex.com/
 
 So far, I manage to practice without any real money involved but technically with the same indicators and tools you may need as what will you expect in real leverage trading.
 
 There's also one practice trading that I know in Paper trading. Though the different between the two was bitmex testnet showing not the real or should I say not the actual market movements while in Paper trading practice it showed the actual market flow.

[btcsmlcmnr]

I have used this one before when I was a starter.
 - https://testnet.bitmex.com/
 
 So far, I manage to practice without any real money involved but technically with the same indicators and tools you may need as what will you expect in real leverage trading.

Trading with leverages and use Testnet or demo for your trades are very different from real trades from your bitcoin. Doing your trades with real money causes more emotions, more uncertainty and more inaccurate decisions and orders.

On BitMEX, also pay attention on the cycle and closed time of each Funding and Funding rates. Close your orders before the time is best because you might or might not be charged with fee after that time and around Funding expiration, price usually fluctuates more than usual.

[el kaka22]

Definitely this will get you better, nobody can deny that, because in virtual trading world you are learning how to get better and you are doing it without losing your real money. However, there are few things you should be very careful about. For example, if you are trading with the knowledge that you are not spending any of your real money, you may end up being a lot more fearless and do trades without actually caring about the result, and if you get lucky and make a profit, you may think you are a good trader but that was all because you acted fearlessly since it was free money.

I would trade as if it is really your money, trade as if they will give you that money if you profit, otherwise you will lose. Secondly and more importantly if you end up profiting, do not think that you will do exactly same on real life neither, you should be careful.

[imstillthebest]

I have used this one before when I was a starter.
 - https://testnet.bitmex.com/
 
 So far, I manage to practice without any real money involved but technically with the same indicators and tools you may need as what will you expect in real leverage trading.

Trading with leverages and use Testnet or demo for your trades are very different from real trades from your bitcoin. Doing your trades with real money causes more emotions, more uncertainty and more inaccurate decisions and orders.

they are different because on demo you are using a fake money but on real trade your using legit money .

we can use demo trade to practice and we can treat it like we are using a legit money , that is because when you step outside on the actual trading arena you can carry all what you have learned .

its hard at first but we need to do it and practice it if we dont want to spend a single dime for practicing in a non demo trade account .

[Om.monata]

i only know https://testnet.bitmex.com/ try to be there. it looks like you can make it to practice trading before you trade for real. actually there are many other sites but i have only tried on bitmex