Simulated trading on XREX Exchange provides a risk-free environment for users to practice trading strategies using virtual funds. This feature allows you to explore platform functionalities without the fear of losing real capital.
What Is Simulated Trading Balance?
Virtual Funds for Practice
- Simulated trading balance mimics real-market conditions with virtual funds. Users gain hands-on experience without financial risk, though these funds cannot be withdrawn or converted to real money. The skills acquired, however, are invaluable for transitioning to live trading.
Can Simulated Funds Be Converted to Real Money?
- No, simulated funds are exclusively for educational purposes. They help build confidence and strategic insights for future real trades.
Can I Top Up My Simulated Balance?
- Currently, users can only claim a fixed amount of simulated funds. XREX is developing features to allow additional fund requests in future updates.
Supported Simulated Trading Pairs
- BTC/USDT
- ETH/USDT
Identifying Simulated vs. Real Trading Pairs
- Simulated pairs are clearly labeled with a "Simulated Trading Pair" icon.
Key Features of Simulated Trading
- Grid Trading Bots: Automate spot market strategies using virtual funds. 👉 Learn more about grid bots.
- Future updates may include short selling, spot trading, and swap functionalities.
Limitations of Simulated Trading
- Simulated funds cannot be used for deposits/withdrawals or BitCheck features.
Distinguishing Simulated and Real Positions
- Simulated positions display a "Simulated Trading Pair" label across all portfolio and history views.
Getting Started with Simulated Trading
- Log in to your XREX account.
- Navigate to the Trading page.
- Select Grid Bot and choose the Simulated Trading option.
- Claim virtual funds by selecting a supported trading pair.
- Follow our 👉 step-by-step guide to create your first grid bot.
Pro Tip: Use simulated trading to refine strategies and build confidence before committing real capital.
FAQ
Q: Can I lose real money in simulated trading?
A: No. Simulated trading uses virtual funds only.
Q: Are fees applied in simulated trades?
A: Fees are simulated but do not impact real balances.
Q: How often are simulated trading pairs updated?
A: Pairs reflect current market conditions but may lag slightly in extreme volatility.
Related Resources
(Note: All external links except https://www.okx.com/join/BLOCKSTAR have been removed as per guidelines.)
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