Crypto Trading Demo Account 2022 Cryptocurrency Demo Account

Nobody is born a trading expert. It is a skill that is nurtured through experience. The best way to learn how to trade cryptocurrencies is through the CAPEX demo account.

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20+ cryptocurrencies

At CAPEX, you’ll be working with one of the best crypto online brokers. We made available more than 20 cryptocurrencies, including Bitcoin, Cardano, Ethereum and Monero, and even more crypto assets will be added in the future. Trade cryptocurrency CFDs with leverage. At CAPEX, you can invest in much more than just buying cryptocurrencies.

We allow traders to invest in both the positive and negative valuation of over 20 different cryptocurrencies. That means if an investor thinks the bitcoin market is about to plummet, they can short the asset for a profit. That’s why it’s such a massive advantage to trade cryptocurrency CFDs at CAPEX. Plus with added 1:2 leverage, even larger positions can be taken.

Advanced demo account

Practice trading without any risk. Read charts, experiment with the purchase trading window and learn to understand market analysis.

Our demo account at CAPEX is one of the most advanced and is a perfect replication of our live trading WebTrader platform, including real-time markets, fully featured charts and indicators, the very same order windows, and the ability to apply leverage. Using virtual funds, there is no risk when trying out the most advanced of trading strategies or just learning the mechanics of the WebTrader platform or applying what you learn on our crypto trading course. You can even switch to the live platform if your practice analysis bears positive fruit!

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What is going on with cryptocurrency?

In 2021, you can’t really go a day without seeing or hearing something about cryptocurrencies. But what is cryptocurrency? Cryptocurrencies are digital or a virtual form of currency that generally aims to provide a decentralized form of currency – however, the digital asset has come a very long way. Today, cryptocurrencies can be used to develop apps, fund projects, fuel platforms, and have been adopted by several industries such as online casinos.

Cryptocurrencies are an advanced digital asset that leverages unique blockchain technology to record and store data on a decentralized network spread across an incredibly large number of computers. Data stored within the blockchain is irrefutable and cannot be altered – that’s why cryptocurrency payments are so transparent and secure.

Trading at CAPEX

There are several ways to trade cryptocurrencies and we offer one of the most popular and versatile methods – trading Contracts for Difference (CFD). Crypto CFD trading refers to a speculative trade on the change in price of a particular cryptocurrency asset, rather than actually buying or selling the asset itself.

In fact, when trading CFDs you don’t own cryptocurrency in any way – you are simply trading on its valuation. This allows for a slot more choice when investing in cryptocurrencies and is a much simpler way to trade cryptocurrencies.

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Experience a new level of trading with the right support when you need it. Sign up for a free account and trade smart with CAPEX.com.

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Demo account vs real trading account

Outside of the obvious reason, there are actually not a whole lot of differences between the real trading account and CAPEX crypto demo account. The crypto trading demo platform is an exact replication of the CAPEX live trading WebTrader – down to the same analytical tools, layout and trading windows. Both accounts are in real-time too which is perfect for the highly volatile cryptocurrency market.

The major difference between the live account and the crypto trading demo account is simply that one uses your real funds, whilst the other uses virtual currency for practice trading. Also, as a virtual platform, you may notice faster transaction speeds on the crypto demo account, but the difference is negligible.

Finally, the live account offers a second trading platform which differs from the WebTrader. It is a third-party application called MetaTrader 5 and it’s one of the best for crypto charts, indicators and for making fast trades.

How to open your free crypto demo account

Opening an account at CAPEX couldn’t be any easier and you’ll have access to the free cryptocurrency demo trading account immediately to test all the new online trading strategies that you learn or develop. Just so there are no surprises, here is our easy-to-follow guide to opening a free account at CAPEX for crypto practice trading.

Open an account easily

  1. To begin, simply select register. You will launch into a very easy to complete registration screen.
  2. Enter your email, phone number, and a promotional code if you have one. Create a password, choose your base currency – there are more than 10 available – and confirm your age. Hit Create Account to complete the process.

That’s all there is to it. You will be directed to the CAPEX trading platform.

Once logged in for the very first time, you’ll be asked whether you would like to switch to the crypto trading demo account. Choose to switch and you will enter the Demo Account mode – that’s it! You now have access to the feature-packed CAPEX Crypto Demo account.

Trading education

At CAPEX, you get full access to trading lessons including candlestick guides, cryptocurrency breakdowns, and chart patterns. Our crypto CFD trading course at CAPEX is comprehensive and when used in conjunction with the demo account can help novice traders develop experience in next to no time at all. Add our featured articles to the equation and new traders have access to an utter plethora of trading education resources. We at CAPEX are your one-stop shop for trading knowledge and experience.

How do I practice cryptocurrency trading?

When you are finally ready to practice trading, you’ll need to buy or sell a CFD instrument.

  • Choose a market from the 20+ cryptocurrency instruments available on the CAPEX crypto demo account trading platform. Either select the instrument from the market window or use the built-in search function to find the asset quickly and easily.
  • Based on your market analysis, decide whether you’re going to go with a long or short position, which would benefit from a rise or a fall in the value, respectively. Choosing the assets will bring up the trading ticket. From here you will see the current price of the asset in the form of the bid (Sell) and offer (Buy) price.
  • Select a position size of the CFD you wish to trade – basically how much do you want to buy or sell. From here you’ll be able to see how margins work when trading with leverage. You can also choose to add stop-loss and limit orders.
  • Now be sure to monitor your trades. You can do so in real-time and by referring to historical charts at any time. Watch how your trade performs to see what you could have done differently, whether your market analysis was correct, and understand how your trade provided a return or loss.

Knowledge is Power!

When it comes to your money - it's priceless.

An investment in learning how to trade always pays the best dividends. Get access to the right resources, tools and information so you can trade with all the information available!

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Benefits of crypto practice - CAPEX demo account

Other than the fact you can’t earn money using virtual money, there are no downsides to using the CAPEX demo account for practicing cryptocurrency trading strategies. That means there are plenty of benefits instead!

In case you’re not sure what you can get out of the CAPEX crypto demo account, here are the major benefits for cryptocurrency trading practice using this platform.

Zero Risk

The biggest perk of all, demo accounts are risk-free. You won’t risk any of your real money. You can trade using legitimate strategies or try something a little bit nutty, just to see what happens. Of course, you can’t reap any real money rewards either.

Charts and ToolsLearn to use charts, indicators, and other crypto trading tools. You can trade to a particular chart and watch your results in relation to the charts, thereby getting a real-time lesson in how they work. You could look at charts just to see certain indicators and practice a strategy accordingly.

Learn from Failure

The most important benefit of using the CAPEX demo account platform is the allowance of completely limitless failure. New traders can experiment to their hearts’ content and make as many mistakes as possible. You experience loss and failure without it ruining your bottom dollar. The demo account is the best way to get the silly errors out of your system and allows you to gain a sense of confidence.

Get Familiar

By using the CAPEX demo account, trading on the live trading platform should feel like an extension of yourself. That’s because the demo account is exactly the same as the live platform. The user interface is the same and trades are made in the exact same way. So by using the CAPEX demo account, you are becoming an expert in the live trading platform too.

 

Register

Register

Register an account on CAPEX.com and start trading.
Verify

Verify

Send over your documents and verify your account.
Deposit

Deposit

Login into your CAPEX.com account and deposit money.
Trade

Trade

Start trading with CFD’s and over 2100 other instruments.

Cryptocurrency strategies to practice

Sure, you could just play around in the CAPEX demo account and see what happens – and there is no harm in doing this really – but to get the most out of the platform, you should practice techniques and strategies. We have compiled a few key cryptocurrency trading strategies you’ll definitely want to practice ahead of switching to the CAPEX real money platform.

Trend Lines

Trend lines are one of the most common and typical indicators for cryptocurrencies. This will be the first technique and trading strategy to try using the CAPEX Demo account. A high timeframe trend line ignores the high volatility of cryptocurrencies and provides traders with a clear direction of the actual price movement. This will be crypto trading 101.

Moving Average Trading

Using moving average indicators can provide traders with the clearest definition of the trend. This is done by taking the average price of a cryptocurrency asset and watching any divergence from that price – knowing that this will lead to the return of the price back to its average, traders can determine the correct change in movement.

Leverage Tests

Using the CAPEX demo account, new traders can experiment with leverage. They can trade at 2:1 and observe how that margin affects their return. Most importantly they can observe what happens if a highly leveraged trade goes south.

Use Stop Losses and Limits

Test how these key tools work. Buy an asset that is on the way down and set a stop loss. See how your trade exists when you hit your acceptable level of loss. These tools are crucial to wise investing, especially when leverage is used.

Contrarian Strategy

This is a great strategy to learn that requires traders to take in a lot of information and to really see where the market is heading. No trend can ever last forever so traders can predict the end of a current trend. Imagine predicting the last bitcoin bull run or even the heart-breaking dip. Experiment using information of the news and market insiders, coupled with your analysis of indicators, to predict the change in trend.

Conclusion – Practice crypto CFD trading with CAPEX demo account

There really is no better way to practice cryptocurrency trading than on the CAPEX demo account. With full functionality, plenty of analytical tools, and access to the cryptocurrency markets in virtual real-time, the CAPEX demo account is the perfect tool for learning and experimenting with crypto CFD trading. So, before you make that first real-money trade, be sure to spend some time getting familiar with trading in the CAPEX demo account.

Head to CAPEX to sign up to the crypto demo account and learn to trade today!

Crypto Demo Account – FAQ

🤔What’s the best way to trade cryptocurrencies?
📈What is the best cryptocurrency to trade at CAPEX.com?
🤷 How do I develop cryptocurrency trading strategies?