Virtual trading before actual one - pros and cons

[Larelel]

If you are beginner in trading, than it is always better to start on demo account. This is just to see what to expect on real account. Real trading starts with real account, so if you are not sure about your skills, then start with low initial investment

[peter0425]

If you are beginner in trading, than it is always better to start on demo account. This is just to see what to expect on real account. Real trading starts with real account, so if you are not sure about your skills, then start with low initial investment

Binance allows you to trade using their platform and play with some amount but without losing your real money i mean they are offering
something like demo but in here you can experience real trading.

The virtual account for trading is always a good option, this is where you test your ability as a trader and see how you will fare, trading is a serious thing because if not taken care you can easily loss money, the reason why virtual trading account is very important to learn with from the beginning unlike actual account where you can easily lose money for real because of limited knowledge.

But we must lose first before we really appreciate the real trading,better use small amount to try trading and learn from
 our own mistakes and experiences.

[CLEO.one]

Virtual trading can be great for tracking markets. Set a few crucial strategies to run based on actual market condition. Get notifications when things are happening if your confirmation is needed before you pull the trigger. Helpful if you cannot stare at charts all day.
Otherwise the key to effectively using demo/paper/virtual trading is to be consistently testing a strategy. Otherwise you are evaluating your discretion which as a beginner is not developed yet.

[jostorres]

Yeah, the binance trading thing is actually doing great, it actually allows bots as well which is a marvel if you consider that many people do not really know how to use bots and they straight up start trading real money with it. I have seen a person lose $20k on the first minute of starting a bot once because they put in "sell everything to restart" button for some reason, there was that option in the bot that said "take everything to bitcoin" and it warns them twice before they can confirm and dude just clicked anyway, there are tons who do not read what they click.

If you start using bots on virtual trading first and learn how to use the bot, you could end up with actually learning how to use the bot and you could totally be a lot better when you go to real one.

[tvplus006]

But we must lose first before we really appreciate the real trading,better use small amount to try trading and learn from
 our own mistakes and experiences.

I will add that we have to lose our deposit several times to understand trading. You can't learn how to trade on a demo account, because there is no risk of losing real money. Therefore, trading on a demo account is more like a casino, when you put the entire deposit in the hope of getting a big profit.

[jrrsparkles]

But we must lose first before we really appreciate the real trading,better use small amount to try trading and learn from
 our own mistakes and experiences.

I will add that we have to lose our deposit several times to understand trading. You can't learn how to trade on a demo account, because there is no risk of losing real money. Therefore, trading on a demo account is more like a casino, when you put the entire deposit in the hope of getting a big profit.

I think its not to learn anything about profit making,its just for the purpose of identifying how these things works,once they know about trading then they can make or learn about profit making strategies which needs real money so they can feel the real pressure while making trading decisions.

[bitgolden]

If you start using bots on virtual trading first and learn how to use the bot, you could end up with actually learning how to use the bot and you could totally be a lot better when you go to real one.

Yeah, but at the time losing during real trading is a must, it will happen and you can't avoid it, there is not a single person in the history of the world who has never made any loss, even warren buffet made a loss, everyone does it. What matters is how you react to it, some people lose money after they invest into bitcoin and they start topics like "is bitcoin secretly a scam by government" or whatever, they are idiots and they should not be trading in the first place.

However if you lose money and realize that it happens and you should move on and realize that as long as you have more profit than loss in your trades, you end up in benefit and you should focus on that part, you will be fine.

[gabbie2010]

But we must lose first before we really appreciate the real trading,better use small amount to try trading and learn from
 our own mistakes and experiences.

I will add that we have to lose our deposit several times to understand trading. You can't learn how to trade on a demo account, because there is no risk of losing real money. Therefore, trading on a demo account is more like a casino, when you put the entire deposit in the hope of getting a big profit.

I think its not to learn anything about profit making,its just for the purpose of identifying how these things works,once they know about trading then they can make or learn about profit making strategies which needs real money so they can feel the real pressure while making trading decisions.

In addition to your comment demoing also help a trader to perfect a trading strategy this would also enable the trader to test the water very well before going live, I have read touching stories of traders who went live and got rekt its a known fact that 95% of forex traders lost their funds or portfoliothis are mostly newbies who had not practice well before going live, I also agreed to the fact that testing with a small amount is also advisable this will enable the trader to test emotion and fear associated to trading as a newbie trader.

[abel1337]

But we must lose first before we really appreciate the real trading,better use small amount to try trading and learn from
 our own mistakes and experiences.

I will add that we have to lose our deposit several times to understand trading. You can't learn how to trade on a demo account, because there is no risk of losing real money. Therefore, trading on a demo account is more like a casino, when you put the entire deposit in the hope of getting a big profit.

I think its not to learn anything about profit making,its just for the purpose of identifying how these things works,once they know about trading then they can make or learn about profit making strategies which needs real money so they can feel the real pressure while making trading decisions.

In addition to your comment demoing also help a trader to perfect a trading strategy this would also enable the trader to test the water very well before going live, I have read touching stories of traders who went live and got rekt its a known fact that 95% of forex traders lost their funds or portfoliothis are mostly newbies who had not practice well before going live, I also agreed to the fact that testing with a small amount is also advisable this will enable the trader to test emotion and fear associated to trading as a newbie trader.

This commonly happened to newbies out there that expecting easy returns to the trade they are doing, Trading has a different processes and the first step is understanding, practicing and executing the knowledge they accumulate on their early stages of being a trader. Infact I do have a friend who see me gaining profit from trading, I think he taught it was easy and he secretly trade without telling me or asking advice from me or on my other friends, We just found it out when he losses his capital. This is a common mistakes of people who see trading as an easy profit job.

[sulendra12]

It might work for some people, but wouldn't recommend for future run to be honest. The reason is with your "virtual trading" a.k.a demo account, once you get more win/profit, the ego will be slowly filling into your head and once you go to the real one and you get a big lose, you will be dissappointed at the rest of your entire life.

Also, when you are losing on your demo account, you can't feel the sense of emotion, anger, rage when the condition is not supposed to be. You can't control your money and control your emotion when doing the demo account because it's not your money afterall.

[Salauddin1994]

I think long term trading is much more beneficial for us than virtual trading if we don't know about virtual trading there are types of risks in trading such as waiting for the market to come back against us and long term trading. With good analysis if the trade goes in the opposite direction then there is no problem because the loss and after a certain period of time the market moves back to the previous place. Profits tend to be higher so in my opinion the advantages of long term trading seem to be less than the disadvantages and less risky than virtual trading.

[beerlover]

I believe that if you get too lucky with the virtual one you might get cocky and end up doing something wrong, it is not really suggestive that you should do virtual trading and think that results there could be the end results with your real trading as well.

When you do real trading things could be very very similar to virtual trading in almost every aspect of it, but one time getting lucky in real or virtual trading could lead you think you are awesome and do more, always be careful about that. The hurtful part about virtual one is the fact that if you get lucky there and go out and do real trading and lose, you won fake money but lost real money, if you go into real trading and got lucky once and then lost, you earned real money but lost real money as well, so that is why always try to remember it is virtual and not real.

[wxxyrqa]

One way or another, virtual trading provides certain advantages for a trader, especially for a beginner, thanks to which you can hone your skills and gain some experience. In fact, you do not need to be too confident in your skills in real trading, because you need to be always careful and attentive, and you need to understand that excessive risk can lead to hard times. The trader initially understands that he does not lose anything in virtual trading, and therefore can risk as much as he wants, but not in real conditions.

[Harriti]

Why used a word virtual trading, just used its demo account.

The reason because you doesn't care about the money and there is no psychology, emotion and other things by using demo account money. Successful or not you will not really care at all since that's just a demo account money. Ratter than using a demo account, better just make some TA on Trading View and always safe your TA work. Make some list and data for each month, how manny successfully analysis you make.

I think practice and observation your analysis with around 3-6 month already enough to you to start the trade with real money, try it first the smallest fund.

I have actually tried trading with a demo account before and have clear trading strategies listed. After 2 months, my strategy is quite good, I have made 200% more return than my principal. But when I trade with a real account I often suffer from a lot of psychology when my position is at a loss. despite practicing a lot of psychological exercises on demo accounts, but when in practice it is still the same.
So I suggest we should use with real accounts and start trading. It is the fastest approach to practical knowledge and gives us the most lessons. Remember, only use accounts from 50 - 100 $, do not trade too much at first.

[el kaka22]

Being lucky in virtual one and regular one doesn't really change much as long as you try them both for a long time. So, let's assume you got lucky and you end up winning a lot in virtual trading, if you go to real one right away and lose that is a bad thing and you should not do that, however if you do virtual over real one for a long period, like 6 months or even 1 year that means you could actually end up with both lucky and unlucky situations and you will be fine.

Honestly speaking waiting for 1 year would be difficult because that is time you are missing out on profit, but you could just buy bitcoin and put it aside and forget about it for a year which means most probably you will make money from bitcoin while also learning about how to trade in the virtual one.

[Mahanton]

Why used a word virtual trading, just used its demo account.

The reason because you doesn't care about the money and there is no psychology, emotion and other things by using demo account money. Successful or not you will not really care at all since that's just a demo account money. Ratter than using a demo account, better just make some TA on Trading View and always safe your TA work. Make some list and data for each month, how manny successfully analysis you make.

I think practice and observation your analysis with around 3-6 month already enough to you to start the trade with real money, try it first the smallest fund.

I have actually tried trading with a demo account before and have clear trading strategies listed. After 2 months, my strategy is quite good, I have made 200% more return than my principal. But when I trade with a real account I often suffer from a lot of psychology when my position is at a loss. despite practicing a lot of psychological exercises on demo accounts, but when in practice it is still the same.
So I suggest we should use with real accounts and start trading. It is the fastest approach to practical knowledge and gives us the most lessons. Remember, only use accounts from 50 - 100 $, do not trade too much at first.

When emotion got already involved then its already hard to control even if you do say that you've been trying to practice it when you are still on demo.It is way more different
yet its hard to presume out that you've become serious when you do know that you arent risking something unlike when you do trade directly with real money then the thrill
and being serious would be there since you do know that you are risking real money here.Real money= Real mistakes = Real learning/experience.This is why i had skipped
out demo trade but it isnt bad to use this feature to familiarize the basic terms and usage but for the actual trade or engaging with moving prices then
its much preferable go with live trading.

[Wawa2013]

Even though I am not a newbie in the trading world, I have used virtual trading several times for practice. Because in my opinion
virtual trading is good enough to try various trading strategies, and also can train our trading skills to increase. Because practice
in virtual trading we are not afraid of losing money, because it doesn't use real money. So with virtual trading we are free to experiment
in finding the best trading strategy.

[pokeronlinestatus]

I think virtual trading is a good thing, and is one of the additional features that some exchanges has these days that can be really helpful. And I will advise that anyone who have not had any experience on trading should first of all get to virtual trading to get an experience of what trading is really about and how things works.

I have tried virtual trading a lot of times and it helped me make the decision for myself. Day-trading is not a thing for me, because based on the experience I have had with virtual trading I didn’t think it was something I could continue with.

[crzy]

Even though I am not a newbie in the trading world, I have used virtual trading several times for practice. Because in my opinion
virtual trading is good enough to try various trading strategies, and also can train our trading skills to increase. Because practice
in virtual trading we are not afraid of losing money, because it doesn't use real money. So with virtual trading we are free to experiment
in finding the best trading strategy.

I started with the virtual trading and it helps a lot because it will make you a better trader in the future. The only cons I see on virtual trading is that, you don’t earn the money you make beside this one for me, everything works well. There’s a lot of way to learn trading, better to try the virtual trading first so you wont lose your real money that easy.

[Yamifoud]

Actually, you can't feel the loss if you are just in the trial mode, it very unlikely when you are using real money that anytime will be lost at your hands. The market is so tricky, volatility keeps so wild, and that it brought risk in trading especially when you are just a newbie. But that is how we adopt the market changes, we need to adjust and find a way that it could help us to make our trades and trading experience better and profitable. Yeah, it cost a lot at first but later on, we finally get the strategies that we applied to have a better result.