Launch of BEX.io Trading Simulation
Derivative trading is highly risky for it amplifies the risk of digital token trading. Problems can frequently arise on trading platforms, too. How can a beginner quickly accumulate trading experience and grasp trading rules at zero cost? The answer would be “Trading Simulation”. You are welcome to go ahead with the reading if you are interested in my analysis.
Many people consider BEX trading simulation as the best training ground for beginners to enter the futures market. Trading simulation enables beginners to learn how to use the trading software and experienced players to test their trading strategies without risking real capital.
Trading simulation is a game of luck just like coin tosses. People would soon get bored in simulation that presents no profit fluctuations. They would not spend much time on it. Instead, they would immediately venture in real markets once making profits in simulated trading. Engaging in real markets, they get greedy and fearful, being slaves to human natures. Later, they suffer great losses. At the moment, what they can feel is that it’s much harder to profit from real market than from a mock one.
The root cause lies in the fact that in simulated trading, profit and loss (PnL) bear nothing on you, while in real trading, it’s another story. It is common in stock and futures markets that value fluctuations trigger many of your emotions including greed and fear. For example, you would never interest yourself in investing just several dollars in stock and futures markets when you are in possession of 80 million dollars. Your emotional variations and excitement would come from the gains or losses of a considerable amount of money.
This is the power of being benefit concerned.
Why is trading closely related to human natures? Because value fluctuations dominate emotions, at the mercy of which we would make mistakes as most people do.
BEX trading simulation can help users in 2 aspects:
- Familiarize them with trading process
2. Verify trading system
3. Training users mentally
The first point is too simple for an explanation.
The second point means that if you are short of capital to verify your trading logic in a complete futures trading system, you can study trading process and then adjust and optimize your strategies through BEXtrading simulation.
Except for that, it’s worthless spending too much time on trading simulation. Operations with and without actual profits differ completely from one another. Commonly, depending on whether they are benefit concerned, people exhibit different behavior patterns in trading and other aspects of life. Mr. Guo Degang, a famous artist of comic dialogue, once said, “Steer clear of those who bluntly ask you to be tolerant when they know nothing about the truth. You may probably be involved in their trouble some time later.” That’s his comment on such scenario.
As a Chinese saying goes, you will never tell a mule from a horse unless you see them working. You can begin with trading simulation to practice your thoughts and acquaint yourself with trading process, but overly focusing on them would negatively affect your mentality and emotions in real markets!
You are well-advised to open a real account and trade with the lowest amount of capital after making full sense of the futures market. In that case, you could truly experience emotional changes amid different market situations. For most people, it is inevitable to lose money as “study costs”, but with “BEX trading simulation”, you can minimize your costs.
Anyone with experience in real trading would share an opinion that the PnL of even a very low position can consume great attention of traders, making real transactions much more stressful than simulated ones. Nevertheless, you can have a clear picture about your emotional control in the face of market fluctuations.
Once you develop your own strategies for you through BEX trading simulation, you could gradually increase your real positions to your maximum tolerable level. Thus far, starting with a small amount of capital, you can use leverage to magnify your principal.
Published at Wed, 18 Dec 2019 09:01:06 +0000
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