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Why it Pays to Try a Demo Trading Account First

Ever since the world was first introduced to the concept of a cryptocurrency back in 2008 it’s been a rollercoaster ride not just for Bitcoin, but for all the currencies that have followed. But it wasn’t until the great Bitcoin boom of 2017 that these new ways of making transactions came to the attention of…

Ever since the world was first introduced to the concept of a cryptocurrency back in 2008 it’s been a rollercoaster ride not just for Bitcoin, but for all the currencies that have followed. But it wasn’t until the great Bitcoin boom of 2017 that these new ways of making transactions came to the attention of the general public with tales of early investors finding themselves to be millionaires.

The news of these stories, however, overshadowed an increasingly popular alternative form of speculation in the form of trading cryptocurrencies.

The well-publicized volatility of Bitcoin and other cryptocurrencies, however, means that before embarking on trading you should be as well prepared as possible – and one of the best ways of doing this is by using a demo account.

A demo account is an account which allows you to practice trading of both cryptocurrencies and fiat currencies without using actual money. This means that there’s no risk – and the reward is a greater understanding of the market and how it works on a day-to-day basis.

The vast majority of the trading platforms out there offer demo accounts. They might not exactly replicate actual trading, but they do give a very close approximation. Furthermore, they are generally time-limited – on average they will give you around 30 days’ free use before you have to sign up to trading for real.

Finding the right demo account

Looking for a good Forex demo account that gives you as long as possible to find your feet is a key consideration for would-be Forex dealers, along with many others, when you’re choosing the right one for your needs.

Of the many benefits of using a demo account, some are obvious, others are less so. Falling into the first category is the fact that it allows you to become accustomed to the language and mechanics of trading which can otherwise be a little confusing at first. It also, naturally, lets you gain confidence in carrying out trades knowing that even if the market proves to be going against you, no real money is at stake.

Different trading platforms also suit different kinds of traders so this also gives you the opportunity to try out several platforms before committing to one in particular as there’s no reason why you shouldn’t have a number of demo accounts running simultaneously.

Similarly, it’s an ideal way to try out different strategies which seem to be most successful and even whether using one of the available trading bots might be the best option for you.

It’s important to note that while demo accounts aim to replicate “live” accounts as accurately as possible, there are certain differences. For example, in the latter it is relatively easy to adjust your level of leverage as market conditions change but this can be trickier with a demo account. 

Similarly, they might not be representing accurately the charges that may apply to live accounts and will not include any bonuses you receive when you start trading for real. 

Taking the emotion out of trading

Hopefully, you can make allowances for these differences and focus instead on one of the less acknowledged benefits of a demo account – the fact that it allows you to trade while remaining emotionally detached. In all forms of speculation, emotions can easily derail plans either through exhilaration at success or disappointment when things go the other way. But, by getting a grounding when emotions are not involved, means that this is a behavior that can be carried over into actual trading. 

Even if you do let emotions creep into your demo trading activities, this can be no bad thing. That’s because it will allow you to develop methods and strategies to cope with mood swings in either direction that can otherwise have a major effect on your trading performance.

Last, but not least, using a demo trading account will give you the time and flexibility to work out the best routine for you. With markets open 24 hours a day this is ideal if you also have to juggle other elements in your life such as other work and family commitments. Being able to comfortably fit trading into your day means that you will be in a better frame of mind to make considered judgments rather than rushing decision-making processes.

So, with all these points in mind, opening a demo trading account certainly seems like a no-brainer for anyone who wants to give themselves a serious chance of success in cryptocurrency trading. In fact, it could well be classified as essential.

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Online Trading platform SIRIX

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SIRIX|  Online Trading platform SIRIX Review

[yasr_overall_rating]

Everyone that has been trading for some time has most likely traded on the metatrader 4 trading platform of metaquotes. This has been the standard in the industry for the last couple of years.

 

But more and more brokers Like CMSTrader and UBCFX are offering alternatives that might suite certain traders even better then the MT4 as they have a lower learning curve and are designed more intuitive.
One of these platforms is the Sirix Trading Platform.
The Sirix Trading platform is

Sirix, a fully packed trading software with numerous with numerous options and special indicators that are designed by the software company to present you with a personalized trading experience.

Positive features and benefits of the Sirix Trading Platform

Ease of Use: if you are a trader you will be able to access your Sirix trading platform and see all your trades and other information at any place and time. The Web-trader is a fully function trading platform that does not require you to do any download. This has more or less become the norm of the industry and if you for example take the Sirix Trading platform of LegacyFX you will be able to have a download desktop version, a web version and a mobile version.
these in general all have the same functionalities but of course is the mobile version a bit more limited due to the smaller screen real estate.

Indicators and Options: this platform provides build I more than 50 Indicators which for most traders is over kill but it does allow most traders to find the right indications to match their trading behavior and trading strategies.

The Charting Package that Sirix provides is easy enough to understand and gives you as a trader all the information you need, there are different time frames that in combination with the ability to display lines and annotations make this platform feel like it is designed for you.

Social Trading: Sirix has a full feature social trading module that allows you to watch the trades of others which might give you new insights and trading ideas. If you come a across a trader that is particular successful you are able to copy that traders’ trades and create a full automated copy trader,
You as the trader are still in charge and you have the option to trade with lesser or higher amount then the trader you are copying.
In order to use the social trading, you have to open an account with their social trading community.

This can only be done by using a nickname an order to protect you identity. When you are part of the community then you are part of all the brokers that offer this feature to their traders. Meaning you are able to follow a trader that is trading with 12trader while you are trading with account from UBCFX or any other broker that has Sirix.

Now I have to mention that if you look to only trade social then the Etoro Platform is still a better solution s this system is built only for social trading and they have pretty much defined the concept.

 


Sirix Crypto Trading Platform

this is the latest platform that was launched by Leverate.

it focuses , just like the name says more n the trading of cryptocurrencies.

as this company understands that this is the direction where the market is going and more and more traders are asking for trading in Bitcoin or ripple trading to just name a few they have added this feature to the Sirix Platform , this means that every broker that has the sirix trading platform is in theory able to offer trading in cryptocurrencies.

in addition they have launched also a platform that is only trading cryptocurrencies but that will be another review as i have yet to see and play with this system


Conclusion
The Software company Leverate has created a very user friendly platform with inbuilt social trading and news functionality. When they launched this platform in 2012 it was already a good platform but today it rivals the best of them easily.

The Intuitive aspect of this platform is one of the key features and makes the threshold of trading lower for newbies. There is also a fastn amount of Sirix Tutorials out there that will help even the total beginners with the Sirix Platform

Now of the traders that need bots and more indicators then there sis still nothing that beats the metatrader 4 trading platform but for many traders Sirix offers more then enough and makes the trading experience easier then with MT4.
More and more brokers are offering this alongside their other trading platform so you as a trader will come across more and more brokers that have the Sirix Trading platform in their arsenal.

These are some of the Best Broker for trading on Sirix

UBCFX
LegacyFX
12Trader
CMStrader

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Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Who Will Speak at Blockchain & Bitcoin Conference Stockholm?

Bringing DLT Specialists Together:

 

 On September 11, Sweden will host Blockchain & Bitcoin Conference Stockholm organized by Smile-Expo – international coordinator of business events.

The conference will introduce various topics regarding blockchain and will drive attention to the most topical problems of the cryptocurrency market today.

Key speakers:[yasr_overall_rating]

One of the invited experts is the Member of Swedish Parliament Mathias Sundin who is involved in the Tax Committee and the Finance Committee. The specialist has co-founded a revolutionary technological organization Warp Institute and joined financial company Goobit. At the event, the speaker will analyse the power of decentralized systems, evaluating its long-term strenghts.

Head of Digital and Innovation at Landshypotek Bank Merete Salmeling will deliver the presentation, too. She will explain how DLT can be integrated into the real estate, and what advantages it brings.

President of Blockchain Alliance Europe Tanja Bivic Plankar will join the conference as well. Being an initial coin offerings expert, she will share knowledge about ICOs, describe recent innovations in the token sale sphere and talk about the regulatory framework.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

Regulatory and legal challenges coming with innovations will also be discussed by Dr. Guenther Dobrauz-Saldapenna – Partner & Leader PwC Legal Switzerland. The speaker is a lawyer, VC investor, and banking specialist. He provides business consultations and has already written 10 books discovering innovative processes, money and technology.

See the full list of Key speakers here

Blockchain & Bitcoin Conference Stockholm is the second crypto event in Sweden carried out by Smile-Expo. The company has already held 40 successful crypto conferences in 25 countries.

Use an opportunity to meet leading DLT specialists, ask questions and learn new topical information about the blockchain industry at first hand at the conference!

Blockchain & Bitcoin Conference Stockholm

Details of the event and registration are available on the official website of Blockchain & Bitcoin Conference Stockholm.

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Go Visit the Blockchain & Bitcoin Conference Stockholm

Go Visit the Blockchain & Bitcoin Conference Stockholm

The Blockchain & Bitcoin Conference Stockholm is a highly anticipated crypto event in Sweden.  and is being held for the second time.

after the success of the first one they look to make this event a annual one.  since the crypto industry is going more and more out of the shadows and becomes more mainstream you will find that the quality of people involved also grows.

this is clearly displayed in the extensive list of speakers at this event.

Event goals:

bringing together the international business community in order to share their experience of integrating blockchain and cryptocurrencies; discussing blockchain industry issues and finding ways to solve them; encouraging a balanced growth of the cryptocurrency market.

Conference topics: 

  • blockchain in various sectors: energy industry, real property, newsmaking etc.
  • Legal regulation of the blockchain sector
  • token models and their application
  • ICO regulation.

Speakers:

the list of world-renowned blockchain experts, including government officials, foreign investors, entrepreneurs, lawyers, and developers is impressive and should get this event the notice it deserves.

Meet the speakers at the Blockchain & Bitcoin Conference Stockholm

who should not miss this Event :

investors, business people, lawyers, startup founders, and those aiming to launch a token sale.

why should not miss this Event :

:to receive full information with case studies about the blockchain application, to discover how to comply with the legal norms in the blockchain industry, to find business partners, and to enhance your brand awareness.

Prices of the Event

Standard ticket  – 240 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

Student ticket – 121 EUR

  • Full access to all conference sessions
  • Access to demo area
  • Сoffee breaks
  • Speed networking

A valid student ID should be presented at check-in. No refunds on the day of the event.

Buy Your ticket Now


Blockchain & Bitcoin Conference Stockholm is a part of the series of Blockchain World Events held in 25 countries. The organizer is Smile-Expo International Company.

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