Virtual trading before actual one - pros and cons

[24Kt]

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.

If you want real experience after experiencing virtual trading, use small funds at first. So you can feel what it is like to use your own money. Good traders don't start with big money, they start small until they learn the ins and outs in trading. And since crypto trading is a very volatile market, one should keep in his mind that use funds that you can afford to lose.

[RealMalatesta]

When you spend that virtual money like it means absolutely nothing and you try to make profit that way, you are not in the mindset of a true trader and that is why you will lose. Not on the virtual one but in the real one because you never really learned.

People should not do virtual trading, it does more harm than help, people can't learn trading properly without actually putting up real money that they could lose, if they put up real money that means you could actually end up with fear of losing that money and that will make you a much better trader. Do not forget , 80% of investment is "not losing value" and not "making money" so with virtual trading you are not feeling the most important part of the crypto trading world, the part where people try to not lose.

[dunfida]

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.

If you want real experience after experiencing virtual trading, use small funds at first. So you can feel what it is like to use your own money. Good traders don't start with big money, they start small until they learn the ins and outs in trading. And since crypto trading is a very volatile market, one should keep in his mind that use funds that you can afford to lose.

But most common mistake is that people do tend to make use of huge money when they are just starting which is pretty common which they should at least do the opposite thing like trading with peanuts and try to take grasp of everything before going on big move or risk.Virtural or demo trades is totally different when it comes to emotional aspect.You wont really get that much serious if you do know that you arent risking something which is important ex. money.If you do know that you
are only making trades with fake or virtual one then you cant really be just too serious on what you're doing.

[Lorence.xD]

When you spend that virtual money like it means absolutely nothing and you try to make profit that way, you are not in the mindset of a true trader and that is why you will lose. Not on the virtual one but in the real one because you never really learned.

People should not do virtual trading, it does more harm than help, people can't learn trading properly without actually putting up real money that they could lose, if they put up real money that means you could actually end up with fear of losing that money and that will make you a much better trader. Do not forget , 80% of investment is "not losing value" and not "making money" so with virtual trading you are not feeling the most important part of the crypto trading world, the part where people try to not lose.

Experiencing the thrill of the possibility to lose or gain money is the most rewarding but I do not agree with the statement regarding virtual trading. Virtual trading helps you experience trading risk free, yes it will not make a proper mindset but only if the aspiring trader does not want to learn things. I prefer risk free knowledge and experience rather than losing money in real time, you might not be disheartened by your losses but not everyone is the same. If you are encouraged by your losses, that does not mean that others might be the same as you getting encouraged.

[Peanutswar]

In first place, trading is not just a simple making a prediction about the market trend if this is going up? or going down?, do I make an investment right now ? or hold for a meanwhile?. Trading is a risky thing and some of them are falling immediately and losing their funds by just having bad decisions. If you want to make trade why not go with these.

Learn trading with books.
Learn trading with the guide
Learn trading with the use of sources on the internet.
Learn trading with the use of experience of other people.
Learn trading with a demo account.
Learn trading on your own.

There are a lot of newbies wanting to use a trading bot because they think its easier if someone makes a trade on your account, and for me, this is not recommendable because there are a lot of mistakes might use with the bot, also copy trading this is not good for me, because you cannot know what are the things could possibly do by the other traders.

Trading is all about your own pace.

[supine]

I see a lot of advice where people suggest each other to practice on websites where they can trade with virtual money. To be fair, I am in this list too among them but at the same time no one warns such people that it was it's pros and cons, more likely cons are outsiders while giving advices.

Pros: You trade with virtual money where your actions can't raise/damage your real budget, it looks like you spend money like nothing. This gives us possibility to test our skills and abilities in trading and help us further why we make mistakes and what we need to fix while considering the fact that the reason why I profit/lose is because you lose/profit.

Yeah, it sounds good but sometimes when we move on real life trading, things go wrong. We are always warned to leave our emotions outside while we are trading that includes: Not to panic sell, hold when there are harsh moments, etc. But we forget to mention another main emotion that we face in this situation: We trade with our money where we are responsible to results and these results may have huge impact on our life. Inside, in our subconscious, we worry about the results because we trade with our, real money.

To my mind that's one of the main reason why people usually start well with virtual trading and end up badly in real life trading and somehow this is one of the most skipped problem in overall.

For me I think the reason why people lose in real life and win in virtual trading is due to their emotions in virtual trading they are calm and think rationally,
While in real life we have fear and emotion as our enemy we also have stress so our decisions are clouded and we couldn't call better judgement on our every trade.
We could easily make trades in virtual because there isn't any risk involved while in real life we know how hard it would be to make mistake that is why we lose some opportunity when we see's one.
We could easily take our mistake as experience in virtual but in real life we would be consumed by depression and lost.

[claire_lovely]

One problem with virtual trading is that the trades won't reflect on the supply and demand like with real trading. Every buy and sell order has actions on the price.