Topic: Best exchanges to practice for free? - page 2. (Read 542 times)
As i know some exchanges offer free demo account but not all and could practice there, but even so not get good results.
I can't resist sharing this with you:
https://twitter.com/i/status/1222874359687262208
Source: https://twitter.com/crypto_blkbeard/status/1222874359687262208
I never understood people who like to use demo versions, especially people who trade or gamble with a demo version! Why would anyone do that? I think it's exactly like in this gif, it's what demo is, you are doing something but actually you are not doing anything! Better spend couple dollars and get the feeling of the real deal than to fool around.
I would rather loose money in a demo account than loose money in a live account. Having a demo account may not sound like a good idea specially to those who are into trading for quite some time now, but for the noobs who would like to try trading as a side hustle, having a demo account or a practice account is a good start. We dont want to hear headlines of new trader jumped off the building because he lost all his money and besides, why would exchanges add such a feature if its not a good idea. https://twitter.com/i/status/1222874359687262208
Source: https://twitter.com/crypto_blkbeard/status/1222874359687262208
I never understood people who like to use demo versions, especially people who trade or gamble with a demo version! Why would anyone do that? I think it's exactly like in this gif, it's what demo is, you are doing something but actually you are not doing anything! Better spend couple dollars and get the feeling of the real deal than to fool around.
I never understood people who like to use demo versions, especially people who trade or gamble with a demo version! Why would anyone do that?
The point in doing that imo is mostly to test if you are at least able to generate some kind of return on investissement before doing it with real money (or cryptocurrencies in this case).
I can't resist sharing this with you:
https://twitter.com/i/status/1222874359687262208
Source: https://twitter.com/crypto_blkbeard/status/1222874359687262208
I never understood people who like to use demo versions, especially people who trade or gamble with a demo version! Why would anyone do that? I think it's exactly like in this gif, it's what demo is, you are doing something but actually you are not doing anything! Better spend couple dollars and get the feeling of the real deal than to fool around.
https://twitter.com/i/status/1222874359687262208
Source: https://twitter.com/crypto_blkbeard/status/1222874359687262208
I never understood people who like to use demo versions, especially people who trade or gamble with a demo version! Why would anyone do that? I think it's exactly like in this gif, it's what demo is, you are doing something but actually you are not doing anything! Better spend couple dollars and get the feeling of the real deal than to fool around.
Binance doesn't have that feature implemented. You can try BitsGap. It's a platform that I came across a not long time ago, and it seems like they allow demo trading through 5 different exchanges (not sure which). You also have BitMex testnet which is another reputable exchange.
In terms of practice trade I also using Bitmex. Before I use a newly learned tading setup in a real trade, I first trying it in bitsmex to see if it is suitable for me. The practice trading helps me to improve my trading psychology and also my proper risks and management. Before I open a account in a reputable exchanges, I practiced first in this reputable exchange and it takes me a month for me to master the basics.It is good if you practice trading in a exchange where you can easily used to it. Try to practice also in Binance so that you can master how it works easily without any problem. I tried using Binance when I was a newbie and for a month of practicing and using it, it went well for me. As you read for some strategies and techniques on how to proper use the Binance, it has features that you will discover that is easier for you to trade with some customers. Finding an efficient and effective exchange will make you productive, improve, and earn more profit in the upcoming transactions.
Binance doesn't have that feature implemented. You can try BitsGap. It's a platform that I came across a not long time ago, and it seems like they allow demo trading through 5 different exchanges (not sure which). You also have BitMex testnet which is another reputable exchange.
Thank you for this.
I had been looking all around the internet about this.
Before I was using SparkProfit for practice in foreign exchange and commodities.
So we do have this kind also in crypto currencies.
I thought I will be wasting a lot of dollars just so to test my own skills.
I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?
That’s a good plan before you do an official trading, and you can try on HitBtc which I believe have the feature of demo trading. Trading is not easy mate, you should also read books, attend seminars and watch youtube tutorial because you can just know the system of an exchange but still your trading action will depend on your knowledge about it. If you’re ready to the real world, then Binance is indeed the best option. 
The list is here with websites having free demo accounts and even it mentions the fee and BTC pairs: https://www.bitcointradingsites.net/features/demo-mode/
I don't know how useful it can be as unlike forex where demo accounts actually help you a lot to learn market trends with fiat, the altcoin and bitcoin prices are too volatile to even test pairs.
I don't know how useful it can be as unlike forex where demo accounts actually help you a lot to learn market trends with fiat, the altcoin and bitcoin prices are too volatile to even test pairs.
I would have suggested Binance but it does not offer this feature. I found a site/platform online and most people claim it is helpful. It is https://altcoinfantasy.com/
But the truth is, you don't have to look for a site like this but you can start from an exchange even with a reputable one. While you do so, instead of playing with good coins, play with shitcoins that cost little. It might cost you a little money, but it will help you to get used to it quickly as you are doing the real thing.
But the truth is, you don't have to look for a site like this but you can start from an exchange even with a reputable one. While you do so, instead of playing with good coins, play with shitcoins that cost little. It might cost you a little money, but it will help you to get used to it quickly as you are doing the real thing.
I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?
There are a number of platforms where you can practice your trading skills with some testnet coins. Bybit also offers testnet trading feature so it might be something which would be best for you to start learning how trading actually works. You can learn about leverage trading because it might give you good profits as compared to spot trading or margin trading.You have to bear you own loss in such kind of trading but the profits would make you bear the loss. Even holding $500 to $1000 might make you able to trade with a whole number of bitcoins which would indeed give you major profits if you calculate fees approximately.
I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?
You can practice trading for free on eToros demo mode. And because they are a social trading platform you can also copy more experienced trader once you have built up some confidence. Good Luck!
It would be good for OP if he starts learning trading on his own because it would not cause him any extra fees and also he might perhaps get higher returns if he move onto real trading with immense knowledge and experience.
Tradeogre is good, you can try to get any of those twitter airdrops and send the coins there and do some test trades and have a glance of what trading crypto is,
Tradeogre has many cryptonote coins listed that their value is literary pennies.
Tradeogre has many cryptonote coins listed that their value is literary pennies.
Quote
I am not endorsing or promoting Tradeogre with my comment
each exchange is specific and has something unique to it. All big and reputed exchange have his own platform, it is not like on Forex where all broker house use MT4/MT5 platform. For example, that is mean if you practice using HitBTC, does not mean that you can use all your strategies on Binance.
Also, I am not sure did you ever try to use any demo trading platform, there is a difference between demo and real trading, and everything is in your head.
Also, I am not sure did you ever try to use any demo trading platform, there is a difference between demo and real trading, and everything is in your head.
I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?
The only exchange that i know is etoro that will let you practice using a demo account and for the Margin trading you can try Bitmextestnet.for me the best way to practice is by reading the chart and watching the orderbooks but it will only in your mind or you can write down. what price you will going to entry and exit with that you are like having a practice but it would be always better to practice it with a live demo account. choose your own preferences.
You can also try IQ Option. Their binary options suck but you can use their app to learn some basic technical trading with their demo mode. Not to mention it has a lot of choices from options, futures, to forex. But I don't suggest to use it to do your real trade.
https://testnet.bitmex.com/app/trade/XBTUSD
the best site i know for trial, you can use bitcoin testnet faucet to ge some testnet coin
https://coinfaucet.eu/en/btc-testnet/
the best site i know for trial, you can use bitcoin testnet faucet to ge some testnet coin
https://coinfaucet.eu/en/btc-testnet/
You can implement what you learn on bitmex testnet to regular trading as well so it is not really a lost cause. If you open an account there, get the free money they give you and basically start trading there using all the information you learned (I hope you studied a bit or research how it is done) then you can basically just implement that to regular trading as well and would work.
I have never heard anyone who made a lot of money on testnet and started to lose on regular trading or a person who lost all the free money testnet gives but suddenly became rich on regular trading, if you are good at one of them then you are good at the other, if you are bad at one then you are bad at the other, it is just how it works or at least that is how it is in my mind.
I have never heard anyone who made a lot of money on testnet and started to lose on regular trading or a person who lost all the free money testnet gives but suddenly became rich on regular trading, if you are good at one of them then you are good at the other, if you are bad at one then you are bad at the other, it is just how it works or at least that is how it is in my mind.
You should try these crypto demo trading sites:
CoinMarketGame Simulator
https://coinmarketgame.com/
Niffler.co Learn Crypto Trading Simulated Crypto Traders
https://niffler.co/
.
Cpaytoday Exchange Simulator
https://www.cpaytoday.com/trialbitcoinexchange/
Those are the few I know. Been long I visited any of them... , so check them out to see what still works and doesn't.
There probably other Crypto demo trading sites out there. Try searching them via Google.
CoinMarketGame Simulator
https://coinmarketgame.com/
Niffler.co Learn Crypto Trading Simulated Crypto Traders
https://niffler.co/
.
Cpaytoday Exchange Simulator
https://www.cpaytoday.com/trialbitcoinexchange/
Those are the few I know. Been long I visited any of them... , so check them out to see what still works and doesn't.
There probably other Crypto demo trading sites out there. Try searching them via Google.
I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?
I still don't know what kind of deal you're talking about. But for normal trading, exchange doesn't seem to support it. because it is one of those transactions that is easy to understand. As for margin trading, there seems to be a lot of support exchanges. You can access and try demo accounts at Bitmex, Snapex, Bingbon. There you can freely demo transactions with huge accounts.I suggest trying with Bitmex testnet to practice as many of us suggest the same website. I think that will better to him to practice his skills and he can improve from that trading before he enters the market with his money. Perhaps, he wants to know and learn about how to analyze the coin movement, how to analyze the chart.
But I don't suggest to try margin trading as he should have enough skills to trade. Margin trading will be more complicated than the usual trading at the exchanges because you use the money from the exchanges to trade. If you make a profit, then your profit will be bigger, but if you lose, your loss will be bigger too.
I will open accounts on some exchanges soon. I would like to prioritize one where I will be able to practice for free. From what I have read and seen so far, Binance seems to be considered the best exchange overall. However, I didn't see any mention of being able to practice for free on Binance website. So which exchanges would be best for that?
I still don't know what kind of deal you're talking about. But for normal trading, exchange doesn't seem to support it. because it is one of those transactions that is easy to understand. As for margin trading, there seems to be a lot of support exchanges. You can access and try demo accounts at Bitmex, Snapex, Bingbon. There you can freely demo transactions with huge accounts. Jump to: