How to operate simulated trading on exchanges? Detailed tutorial on simulated trading on Ouyi Exchange

Newcomers usually need to have a trading knowledge base before entering the cryptocurrency market, especially when trading contracts, and they need to have trading experience. In order to make novice novice get started faster, exchanges such as Ouyi and Binance have also implemented simulated trading to help investors enter the market, learn trading knowledge and increase their experience. But there are still many people who don’t even know how to operate simulated trading on exchanges? This operation is relatively simple. Generally speaking, novices can practice the operation on simulated trading, and then make formal transactions after getting familiar with it. The editor will tell you in detail below.

How to operate simulated trading on the exchange?

The simulated trading operation on the exchange is relatively simple. Currently, exchanges such as Ouyi and Binance support it. The following is a detailed tutorial on conducting simulated trading on the Ouyi Exchange:

1. Open the Ouyi APP (click here to register), click the icon in the upper right corner - [Simulation Trading]

2. Take the BTCUSDT perpetual contract as an example: click on the new page, switch the trading mode - [Sustainable] - [USDT contract] - Select [BTCUSDT perpetual].

3. On the trading page, you can choose [Buy Long] or [Sell Short]. Note: If you want to conduct real-time trading, you can click [Switch to real-time trading] at the bottom of the page.

Can the money in the exchange simulated trading be used to smash the market?

The money in the simulated transaction on the exchange cannot be used to smash the market. In simulated transactions, virtual funds are used instead of real funds. Therefore, the money in the simulated transaction does not have real currency value and cannot have an impact on the actual market. Therefore, it cannot be used to smash the market or manipulate the market.

The purpose of simulated trading is to allow investors to simulate market trading and test trading strategies without taking real risks. Although the simulated trading platform provides virtual funds and real market data, these funds cannot be converted into real funds, nor can they affect the prices and trading activities of the real market. Therefore, the money in simulated transactions does not have any real trading capabilities and cannot be used to affect the market.

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