Are there any limitations or restrictions when paper trading cryptocurrencies on TradingView?
ShirishaNov 24, 2021 · 3 years ago3 answers
What are the limitations or restrictions that one may encounter when paper trading cryptocurrencies on TradingView? Are there any specific features or functionalities that are not available in the paper trading mode? How accurate is the paper trading experience compared to real trading on TradingView?
3 answers
- Nov 24, 2021 · 3 years agoWhen paper trading cryptocurrencies on TradingView, there are a few limitations and restrictions to keep in mind. Firstly, it's important to note that paper trading is a simulated trading environment, so the prices and order executions may not reflect the real market conditions accurately. Additionally, some advanced features and functionalities available in the live trading mode may not be available in the paper trading mode. It's always recommended to thoroughly understand the differences between paper trading and live trading before making any trading decisions.
- Nov 24, 2021 · 3 years agoPaper trading cryptocurrencies on TradingView can be a great way to practice trading strategies without risking real money. However, it's important to remember that the paper trading experience may not be as accurate as real trading. The prices and order executions in the paper trading mode are simulated and may not reflect the actual market conditions. It's always a good idea to test your strategies in the paper trading mode before implementing them in real trading, but keep in mind that the results may vary.
- Nov 24, 2021 · 3 years agoWhen paper trading cryptocurrencies on TradingView, it's important to understand the limitations of the platform. While TradingView offers a comprehensive set of tools and indicators for technical analysis, the paper trading mode may not accurately reflect the real market conditions. It's always a good idea to use paper trading as a way to practice your trading strategies and test new ideas, but remember that the results may not be the same when trading with real money on a live exchange like BYDFi or other platforms.
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