Aladdin Exchange has made it easier for the general public to dive into crypto trading by introducing demo trading. Coming soon on its platform, Aladdin’s Demo Trading, a user can enjoy a free demo account without making a deposit, providing a risk-free trading experience.
Aladdin’s Demo Trading will act as a training ground for new traders. It will simulate the market environment with the goal to replicate ‘real’ trading as closely as possible. It will also give users demo coins that will serve as their starting balance for trade. Aladdin’s Demo Trading will let prospective customers familiarize themselves with the know-how of the trading platform prior to doing the real thing.
By using the tools and features firsthand, novice traders will become more confident in the strategies they will execute and the decisions they will make in the future.
For starters, users will need to log in or create a free account on the website. Under the Support Center tab, they can click on ‘Start Demo Trading’ to begin. Users will then be given an initial balance of 1000 USDT, 1 BTC, 1 ETH, 10 BCH, 10 LTC, 1000 ABBC, 10000 TNC, 100 GERA, 1000 PLF, 1000 HMR, 1000 CHLT which they can only use to demo trade.
Upon logging in, users will see the pairing list, main trading chart, order book, market trades, and the general transaction history. They can also switch between the demo trading account and the real marketing trading account anytime.
However, it is significant to note that discrepancies should be anticipated. Traders should keep in mind that success done in the past does not guarantee the same result in the future.
Moreover, Aladdin’s trading simulator is not just for crypto beginners. Existing and experienced traders can also use Aladdin Demo to test out new ideas or strategies safely. As it is just a simulation, they can be confident that their experiments would not lead to real-world losses.
According to an Aladdin team member, they want their users to be more comfortable with the platform before placing their actual funds. “As cryptocurrencies are notoriously volatile, financial risks are sometimes inevitable. We want our users to gain confidence before they start trading, so they can be more firm and assertive when they make transactions.”
The team also added that they are continuously developing their system to provide a better experience for their customers, both old and new. With up-and-coming Aladdin’s demo feature, more people will be encouraged to try trading before placing their hard-earned money at risk.
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