Learn risk-free trading with Paper Trading and Demo accounts

Useful links

These links can also be found in the specific parts of the training course dealing with these subjects, and you'll find them here in simplified access.
Each of them offers you significant discounts and bonuses if you sign up for the various services using them.

  • Register for Trading-View (15$ credit or over a month free by following this link) : TradinView allows you to track cryptocurrencies and apply automatable strategies
  • Register with WunderTrading (30 % on annual subscriptions and 10 % on monthly subscriptions) : WunderTrading is an intermediary between TradingView (which runs the strategy) and your broker (which holds your cryptos and assets). WunderTrading transforms the strategy's alerts into buy or sell orders.
  • BitGet registration (Crypto broker: (10 % discount on your trading fees by following this link) : Bitget is the broker we use and recommend. This is where your assets are held and where the actual trading takes place. It's the platform where your real money resides. 

 

WunderTrading offers you a very important function for getting started in automated trading: Paper Trading.

What is paper trading?

Paper trading, in the context of crypto-currencies or any financial market, is a trading simulation or training process that enables individuals to trade virtual assets without using real money. Paper trading on crypto-currencies is like a "fictitious" trading environment where you can test your trading strategies, understand market dynamics and gain experience without risking your real funds.

By setting up your Paper Trading on the broker you are going to use, you're in real-life conditions. Also, take the time to find your own implementation of TopBot strategies through Paper Trading and once you've verified the profitability of your bots, you can start trading with real money.

1 - Create a Paper Trading account on WunderTrading (demo API)

In the side menu that appears, select the "Paper trading" tab.

Then select BITGET and FUTURES USDT-M

Enter the name of your Paper Trading account and select the trading mode (HEDGE Recommended)

You can renew your fake account balance to 10,000 at any time by going to the "My exchanges" tab, finding the demo account in the list and clicking on the "Renew" button.

Now, when you create a bot, you have two options:

  • Activate the Paper Trading option (see below)
  • Don't activate it and link your bot to your real account

We'll come back to the creation of your bots in more detail later in the course.

2 - Monitor the results and performance of your bots in Paper Trading mode

In "My Exchanges", you'll find your demo account in the list of your APIs.

  • You can view the balance (does not take into account open positions and updates when positions are closed)
  • The "refresh" button which resets your demo account to 10,000 $
  • The "Statistics" button for detailed performance statistics

The hard part is over: we'll soon be able to program our first trading bot!

A complete FREE training for automate your crypto trading!

Because knowledge is the first key!

Learning and optimize a strategy

You will learn how to use TradingView, how to apply and adjust our free lifetime TopBot Anomaly LITE strategy on Tradingview and our premium TopBot Anomaly Pro strategy.

Then simply follow our YouTube channel for weekly tuning suggestions and additional training modules.

Choosing and using a broker to trade

We'll take a step-by-step look at how select and use a broker to place our trading orders and hold our cryptocurrencies.

Visit SPOT trading or in FUTURES with leverage, the choice is yours the way you trade

Automate all your trades

Find out how automate all your trades so that your strategy can trigger orders automatically on your broker.

Visit free up timefree yourself from stress and mental load trading with your own trading bots that monitor the markets for you 24 hours a day !

Define a financial strategy

Because the capital management is one of the keys to success in trading, we will learn how to approaching risk management as well as the basic concepts of statistics for trading and controlled risk.

We'll look at the various possible uses of our strategy with smoothing at up to ten input levels to handle all market conditions!

Get free access with our free subscription plan

Share: