Alongside so many existing products such as Token Installment, Swap and Daily Earn, we rolled out a fresh feature: Demo Trading. As the name implies, this feature offers a simulated environment where both novice and experienced traders can test their strategies without any financial risk. Let’s dive deeper into demo trading and discover how it can help you refine your trading skills.
What is trading demo?
Demo trading, or virtual trading, offers a risk-free environment for traders to practice their skills in real-world financial markets. This method enables individuals to trade various assets—including stocks, bonds, cryptocurrencies, and commodities—without the use of real money. Instead, participants use virtual funds to execute trades, making it an invaluable tool for anyone looking to succeed in trading.
By utilizing demo accounts, traders gain access to a wealth of resources and platforms featuring real-time data. Users get to familiarize themselves with market dynamics before investing actual capital. Moreover, demo platforms often include advanced features such as comprehensive charting tools and risk assessment capabilities, empowering traders to test diverse strategies and refine their techniques.
In iFlux’s case, we offer a true simulated environment to our live mode, in which you can acclimate to our token installment and other features as well. The big perk is that you can trade with 10,000 USDT we provide as virtual funds to practice risk-free. We even organized a trading demo named “From Zero to Hero” contest for users to familiarize themselves with valuable rewards.
Who would benefit from Demo Trading?
With iFlux, users can easily open a demo account in seconds, allowing them to familiarize themselves with the platform and its offerings, including token installments.
- For newcomers, Demo Trading serves as an essential learning tool. It enables them to navigate the buying and selling processes of various tokens while gaining valuable insights into the crypto market. This hands-on experience helps them build confidence before committing real funds.
- Experienced traders can leverage demo accounts to test their trading strategies in a risk-free environment. Given the volatility of the crypto market, it’s crucial for seasoned traders to refine their approaches without the pressure of losing actual capital. With a diverse range of tokens available on iFlux, traders can simulate different market conditions and adjust their strategies based on price fluctuations.
In summary, this feature on iFlux caters to both novices and veterans, providing a safe space to learn, strategize, and thrive in the ever-changing cryptocurrency landscape.
Available features in iFlux’s demo mode
In the demo mode, you have access to a variety of functionalities that enhance your trading experience:
- Open installment contracts: You can initiate installment contracts and choose to liquidate them early if you discover a more advantageous opportunity.
- Token swapping: Engage in swapping tokens, but only with virtual tokens for practice.
- Comprehensive trading experience: Enjoy the complete range of trading functionalities, giving you a realistic feel for how the market operates.
Features not available:
- Deposit/Withdrawal options: Features for depositing and withdrawing funds are not enabled in this mode.
- Wallet linking: The ability to link a wallet is disabled, ensuring a focus on virtual trading.
Important:
- All tokens and installment contracts created in this demo environment exist solely within this mode. It operates as a fully virtual space utilizing virtual funds, distinct from real cryptocurrency.
- You can only apply for a 10-day installment plan in Demo Trading.
» Explore more about Daily Earn: How Daily Earn solves the problems with staking and lending.
Why should you use Demo Trading?
Demo Trading is an invaluable resource for anyone looking to enhance their trading skills without the risk of losing real money. Here are a few compelling reasons to start using Demo Trading today:
- Experiment freely: Enjoy a risk-free environment where you can explore and test different strategies without any financial pressure.
- Test various upfront percentages: Experiment with different upfront payment percentages to see how they impact your position size, allowing you to make informed decisions when trading with real capital.
- Practice with market and limit orders: Gain hands-on experience using both market and limit orders to understand when to apply each type of order.
- Monitor the claiming process: Familiarize yourself with the claiming process, including the 12-hour unlock timing, so you’re well-prepared when transitioning to live trading.
- Receive 10,000 USDT in virtual funds: You’re provided with 10,000 USDT to trade with, allowing you to experiment without spending real money or worrying about losses.
- Take one step ahead: With Mining Node in progress, you might need to get familiar with token installment. So try Demo Trading to get a handle on our products and experience the process risk-free.
By utilizing Demo Trading, you’ll gain the insights and confidence needed to navigate iFlux’s installment system effectively.
How to use Demo Trading feature on iFlux Global
Accessing the Demo Trading feature
- Step 1: Create your account
Visit the iFlux Global home page and look for the red “Demo Trading” button at the top right. If you’re currently in live trading mode, you can either click the “Login/Sign Up” button or the “Demo Trading” button to initiate the sign-up process.
Complete the registration and you will be directed to the main site.
- Step 2: Switch to demo mode
Click the “Demo Trading” button to enter demo mode. You will receive a notification confirming that you are now in demo mode. To return to live trading, simply select “Live Trading”.
- Step 3: Quick tutorial and start trading
On your first visit to demo trading mode, you will see an introductory page with guidance. Click “Get Started” to create your first installment plan. The demo interface is similar to the live mode, enabling you to place contracts as market or limit orders.
Opening a contract in demo mode
- Step 1: Under the account icon, select “Installment”.
- Step 2: Choose the token you wish to buy and the payment token. You can opt for a market price or set a limit price to establish your preferred rate.
- Step 3: Set up your installment plan:
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- Adjust the percentage of the upfront payment using the slider.
- Select the installment term (only 10 days available).
- Review the interest rate, remaining token payable, and remaining principal.
- Step 4: Confirm your contract by clicking “Apply Now”.
- Step 5: If you use a Limit Order for your installment, it will be listed under the [Limit] tab and will activate automatically once the token reaches your specified price. You can cancel it anytime before activation for a full refund of your upfront payment.
Claiming your purchase tokens
- Step 1: After 12 hours of successful registration, log in to your iFlux Global account. Click the [Active] tab, then select the arrow button to view installment details.
- Step 2: Click the [Claim Token] button to receive your initial purchase tokens.
- Step 3: Scroll down to check your upcoming payment due date to ensure timely payments.
For a full guide, you can check our gitbook here.
Conclusion
The Demo Trading feature is an outstanding tool for both beginners and seasoned traders alike. It offers a unique opportunity to familiarize yourself with the intricacies of our products, allowing you to experiment and refine your strategies in a risk-free environment. Whether you’re just starting out or looking to polish your skills, we encourage you to take advantage of this feature to enhance your trading confidence.
