Learn how to trade for free with OKEx demo trading.
After taking the decision to trade crypto currency assets, one of the most important thing when it comes to crypto trading is experience. Learning how to trade using Fundamental Analysis (FA) and Technical Analysis (TA) is crucial, but it does not beat hands-on experience.
There are lots of things that a trader knows to be the right thing, but when emotions set in, another decision will be taken. Keeping emotions in check gets better after a series of trading sessions, this at times is used to differentiate the difference between a beginner from a seasoned trader.
One piece of advice that every beginner, when it comes to crypto trading, should know is that the amount of capital used in starting should be small until experience is gained. Which might be after a series of losses or profits, it can also be the two.
OKEx, a world leading cryptocurrency exchange, provides an option for beginners to learn about trading and also a demo account for them to try out their skills and gather experience before using their funds.
This enables you as a trader to hone your skills, get used to the smooth user interface (UI), and also seeing your trading strategy(ies) in real time. All these without having to worry about losing your capital.
One might argue with the fact that it is not the same as trading with the main account, but it helps with the experience. Trading with emotions can be brought in check with consecutive trading sessions on the demo account. Leverages and how to manage funds are many things you can learn with the demo accounts.
Even experienced traders try out new strategies on demo accounts before using the main, trading demo should not be seen as a way of belittling oneself but as a tool to develop trading skills and gain experience.
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A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks.
We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.
Telegram group: https://t.me/OKExAfrica