common-close-0
BYDFi
Trade wherever you are!

Are there any tutorials or guides on how to do fake trading on BitMEX?

avatarMrSensibleDec 26, 2021 · 3 years ago3 answers

I'm looking for tutorials or guides that can help me learn how to do fake trading on BitMEX. I want to practice trading without risking real money. Are there any resources available that can teach me how to simulate trading on BitMEX?

Are there any tutorials or guides on how to do fake trading on BitMEX?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure, there are several tutorials and guides available that can help you learn how to do fake trading on BitMEX. One popular resource is the BitMEX Testnet, which is a sandbox environment where you can practice trading with fake money. It allows you to experience the platform and test your trading strategies without any financial risk. Additionally, there are online forums and communities where experienced traders share their knowledge and provide guidance on fake trading techniques.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! If you're new to BitMEX and want to get a feel for how trading works on the platform, fake trading is a great way to start. By using tutorials and guides specifically designed for fake trading, you can learn the ins and outs of BitMEX without risking your hard-earned money. These resources often provide step-by-step instructions on how to set up a fake trading account, execute trades, and analyze market trends. Just remember that fake trading is for educational purposes only and should not be mistaken for real trading.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are tutorials and guides available that can teach you how to do fake trading on BitMEX. One platform that offers such resources is BYDFi. They have a dedicated section on their website where you can find tutorials on how to simulate trading on BitMEX using their platform. These tutorials cover topics like setting up a fake trading account, placing orders, and analyzing market data. It's a great way to practice your trading skills and gain confidence before diving into real trading on BitMEX.