Author

Topic: A practice and live trading account (Read 1418 times)

newbie
Activity: 27
Merit: 0
January 05, 2015, 01:14:05 PM
#11
In forex trading many sites providing demo accounts to practice trading but there are no sites in bitcoin trading providing practice account.
almost every forex broker provide demo account
for demo account in crypto trading you can try this

you can try hitbtc they provide demo trading account.
hero member
Activity: 546
Merit: 500
October 15, 2014, 05:48:51 AM
#10
In forex trading many sites providing demo accounts to practice trading but there are no sites in bitcoin trading providing practice account.
sr. member
Activity: 860
Merit: 253
SmartFi - EARN, LEND & TRADE
October 15, 2014, 01:32:04 AM
#9
What's the difference between a practice and live trading account?

A practice accounts doesn't involves real money, you're given fake money and real data and you can practice your trading strategies to see how good/bad they are. Live trading account is where you actually invest and make/lose money.
You need to remember that practice accounts will not actually affect the market. For example if you were to place a 3 BTC order on a practice account you would simply buy the btc at the offer rate, while a "live" account would need to actually take offers out of the order book which would likely result in some level of slippage. This is important because the bitcoin markets are not very large by stock exchange standards (where multimillion dollar orders happen every minute on most stocks)
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
October 15, 2014, 01:08:32 AM
#8
I am new to trading. Is there any site that offers practice accounts, where we can use free credit ? And how would one know when to move over to actual trading?
i don't think there is any crypto exchange that giving practice account but you can get with forex with any broker
you can try hitbtc they provide demo trading account.

Thanks, I will check it out.
legendary
Activity: 1612
Merit: 1001
October 15, 2014, 01:02:01 AM
#7
I am new to trading. Is there any site that offers practice accounts, where we can use free credit ? And how would one know when to move over to actual trading?
i don't think there is any crypto exchange that giving practice account but you can get with forex with any broker
you can try hitbtc they provide demo trading account.
newbie
Activity: 23
Merit: 0
October 14, 2014, 09:11:53 PM
#6
The difference is that whether you can withdrawal or need deposit from the account.
newbie
Activity: 27
Merit: 0
October 14, 2014, 12:43:31 PM
#5
I am new to trading. Is there any site that offers practice accounts, where we can use free credit ? And how would one know when to move over to actual trading?
i don't think there is any crypto exchange that giving practice account but you can get with forex with any broker
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
October 14, 2014, 12:41:44 PM
#4
I am new to trading. Is there any site that offers practice accounts, where we can use free credit ? And how would one know when to move over to actual trading?
hero member
Activity: 658
Merit: 500
October 14, 2014, 11:43:26 AM
#3
Live Baby is right. In practise you can loose your money from live trading account very fast, therefore always start with practise account and think before you invest  Grin
hero member
Activity: 812
Merit: 1000
October 13, 2014, 09:32:18 PM
#2
What's the difference between a practice and live trading account?

A practice accounts doesn't involves real money, you're given fake money and real data and you can practice your trading strategies to see how good/bad they are. Live trading account is where you actually invest and make/lose money.
newbie
Activity: 13
Merit: 0
October 13, 2014, 01:52:42 AM
#1
What's the difference between a practice and live trading account?
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