Start simulated trading: The perfect practice ground for beginners

Many mainstream exchanges offer user-friendly interfaces and a good user experience, among which simulated trading features are especially important for beginners. For traders just entering the market, one of the key advantages is the ability to use a demo account to familiarize themselves with platform operations, test trading strategies in a virtual environment, and completely avoid the risk of real fund losses. This article will detail the operating mechanism of simulated trading, what opportunities it can provide to users, and why beginners must start with simulated trading.

The Significance of Simulated Trading

The simulated trading system (also called a demo account) provided by exchanges is a virtual account designed to offer users a learning platform, accumulate trading experience, and master practical trading skills without the risk of losing their capital. It allows beginners to learn platform functions, verify the feasibility of trading strategies, and gradually improve their trading skills in a safe testing environment.

Many exchanges have launched dedicated simulated trading platforms for futures trading. The reason for prioritizing a simulated environment for derivatives trading is that futures trading carries significantly higher risks. Additionally, the operation interface of futures contracts is relatively complex, and if beginners are not adequately trained, they are highly likely to suffer losses due to operational errors when opening positions.

It is worth noting that futures orders and spot orders are fundamentally similar. Therefore, through a futures simulated trading system, users can not only learn futures trading but also grasp the basic operation methods of the main trading types on the platform. This is precisely why beginners should start learning cryptocurrency trading and exchange features with a demo account.

How to Start Simulated Trading

Most exchanges have integrated simulated trading functions within their futures trading sections, available on both mobile apps and web versions.

After entering the demo account homepage, the trading terminal window will automatically open, but at this point, actual trading operations cannot be performed. To fully unlock all trading permissions, you need to log in to the simulated trading platform using your main account information:

Step 1: Find and click the login option at the bottom right of the screen

Step 2: Enter your main account information for verification

Step 3: After logging into the simulation platform, the homepage will display an introductory window with basic information, which is recommended to be carefully reviewed. You can also watch video tutorials and complete quizzes; some platforms require users to complete a quiz before they can start placing orders

Step 4: Create a virtual account with an initial balance of 3,000 USDT to experience all the features of futures trading

Important Reminder

Funds in the simulated account are not real funds and cannot be transferred to the main wallet or used for other products on the exchange. Any losses or gains generated on the simulated trading platform will not affect the main account balance, and these data cannot be transferred. Therefore, the primary purpose of simulated trading is to provide a risk-free learning environment, allowing novice traders to fully master skills before entering the market.