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Author Topic: demo account for futures  (Read 249 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

    indianCrypto

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    Re: demo account for futures
    « Reply #3 on: September 02, 2022, 11:59:01 AM »
    There are few accounts here and there, but most of them would probably be a little bit wrong information in your head when you are using them. What I mean is that we are talking about stuff that would be hard to calculate the way it is, and that means we are going to end up with something that would make you a profit in demo, but not in real life.

    Demo means that you wouldn't care too much because the money you are losing is not the real one, and you may learn a few things, but actually risking your money will always be harder. Sure go ahead and learn it from the demo accounts as much as you can, but it doesn't have too much to offer you in the end.

    WarrenBevan

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    Re: demo account for futures
    « Reply #4 on: September 07, 2022, 06:08:44 PM »
     TP Global FX has really made me pleased because of it's ultra fast executions. Plus, I've never had any issues with withdrawals.No matter if you're newbie or going to start trading you can earn money with a few knowledge or experience. Really reliable broker.Overall good experience.

    among

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    Re: demo account for futures
    « Reply #5 on: September 13, 2022, 12:28:29 PM »
    I am quite impressed with the Tip you shared. Very useful tips and worth learning!
    dordle

    LucaMarco

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    Re: demo account for futures
    « Reply #6 on: September 22, 2022, 05:14:06 PM »
    Demo trading is really good for grabbing real experience with zero investment so if you are new here then can use FreshForex broker's demo platform as there you will be able to create more than 100 account under each main account.

    LuckyMac

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    Re: demo account for futures
    « Reply #7 on: September 27, 2022, 07:15:06 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.
    [/quote


    i think this is the best way forward too. A small amount of money and the small position size available will be okay. The thing is you have to have a strategy to use and backtested with plans before even trying to leverage trade

    cashisking86

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    Re: demo account for futures
    « Reply #8 on: September 28, 2022, 07:03:06 PM »
    There are a number of offshore forex brokers also offering leveraged trading on crypto CFDs and the ability to trade demo accounts to practice. I personally use CedarFX to do it as IC Markets who I mostly use for FX don't offer it as much.

    WarrenBevan

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    Re: demo account for futures
    « Reply #9 on: October 08, 2022, 05:02:45 PM »
    Demo account is good but it's really tough to make money with a good signal services so newbie can use Altcenter signal services channel even thousands of people from beginners to expert investors follow their signals each day.

     

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