Good day to all. The theme of today’s video is a cryptocurrency demo account. Such a trade allows beginners to understand how and where to click, what is going on in the charts, and why it is not so easy to trade. And the main thing is trading on a non-life account that helps to check different strategies so that later the most successful decisions can be used to a real crypto account.
Demo account 3commas – what is it?
A cryptocurrency demo account is the same trading, but only with unreal money. This opportunity appeared in 3COMMAS in mid-2019 year, which is an achievement for the crypto market. In the stock and forex markets, where demonstrative trading has long been the default, but in the crypto market it is hard to find. The quality of all cryptocurrency demos is not high and not close to real trading.
3commas demonstrative trading is a well-thought-out system that really shows the current cryptocurrency market. It helps new users learn how to trade correctly before going to trade in the real market. If you are using a 3COMMAS demo account, you do not need to deposit the real money and lost it. After completing the training course, you will ready for trading seriously in the crypto market.
But a demo account is useful not only for beginners. I and other professional traders constantly use this feature to try new strategies, change something in their strategy, and test new bots and signals. Often I use a demo account with a real account at the same time and I can see how it would be if I did this and got such a result.
How to use paper trading 3commas?
Using demonstrative trading, you get used to trading large amounts of money. Do you know that the fear of trading and losing money is the most popular ailment for the trader? And in order to overcome it, you need to gain experience and trade big money, and it is better to start with a demonstrative crypto account.
In order to use the 3COMMAS demo trading, you need to enable it. In the upper right corner of the site, click on the “triangle-down” icon to the right of the name of your account. A menu will open in which select the “Settings” category. In the third right part of the screen column, find the “Hide Paper Trading” field, and click on the “Unhide” button.
Done! Now on the top of the page, the left side, next to your real account, a demo account called paper trading will appear. By default, your account will already have $ 10,000 and a certain amount of Bitcoin. Note please, this money is not real and you cannot withdraw it. And the fact that you will trade and earn money, too, cannot be withdrawn in this account.
Cryptocurrency demo features 3commas
But there are also advantages here – you too cannot lose anything. But the training, knowledge, and experience in trading Bitcoin or another cryptocurrency will remain with you. If desired, it is possible to add more money to paper trading. This is done as follows. Need to go to the “My Exchanges” category or on the 3COMMAS main page can find the paper trading account exchange.
In the right part opposite the account, click on the “Eye” icon. A new page opens with information about your account, wherein the upper right corner we can find the “$” (dollar) icon. Click on it and the site will notify us that the account will be replenished by $ 1,000. Thus, you can replenish the demo account as many times as you want by clicking on the dollar icon, for 1 click – 1000 dollars.
But this money will be in your USDT wallet. If you need to trade with BTC or LTC, go to the “Smart Trade”, select the market, by default we have “USDT”. Next, select a pair, say “BTC” or some other. Below we select the option “Buy / Sell”. Need to set the number of Bitcoins that you want to buy, choose the limit or market price. Click on the “Buy” button.
Similarly, it is possible to sell BTC for USDT. And the most interesting, here in the “Smart Trade” we can already open trade, that is, buy cheap and then sell crypto expensive. We can immediately sell cryptocurrency with profit or repurchase coins. Need bots? We go and create simple or component bots. There are no restrictions, everything is like in real trading.
We had a review of a cryptocurrency demo account at 3COMMAS. Keep in mind that paper trading is available only for paid accounts. It’s necessary to buy at least the “Starter” subscription. You will get access to the “Smart Terminal” on a real account. And also you will have access to a demo account for training in cryptocurrency trading for only $ 15 per month. That’s all.