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Author Topic: demo account for futures  (Read 37 times)

indianCrypto

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demo account for futures
« on: August 05, 2022, 03:05:13 PM »
Based on a previous thread I made I want to try a scalping strategy with high leverage
I know this is risky which is why I want to demo trade it first. Is there any place to set up a demo account for the futures crypto market that also has the option of leverage
I tried binance testnet but these are different charts not designed for paper trading
I have a TV account and paper trading set up on that but doesn't have leverage
I am looking for an exchange or site that has this with no KYC as I dont plan to trade with real money on the account
I have looked for one but cant find anything. An android game app would do as long as it showed the real market

CryptoboyRamesh

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  • Re: demo account for futures
    « Reply #1 on: August 05, 2022, 08:37:11 PM »
    No demo account like it is in forex, not common in crypto. I have seen demo account on OKX, you can try it, but I am not sure it is for future trading and also possible to have different layout.

    My advice is that you can use small amount of money for future trading, I remember I used less than $1 to open long and short positions on Binance several times before I started real trading, though it depends on the leverage used, if using lower leverage, the amount of money needed to open a position will increase, but I think $10 is enough for 1x leverage.
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    Review_Master2

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    Re: demo account for futures
    « Reply #2 on: August 10, 2022, 04:49:19 AM »
    Have you checked tradingview? They also support Android phones you can paper trade there with futures.

    If you don't know how to paper trade in Binance check this video.
    - https://youtu.be/JCwMcJ-9Bvs

    Also check this app for leverage simulator
    - https://play.google.com/store/apps/details?id=bitcoinflip.flip
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