How to make a demo account

To practice, everyone should start on a demo account. This helps you develop some skills before you use real money. Let's be realistic here, you aren't going to be profitable on your first day. Let's save your money for when you can actually profit!

On trading view, the account is called a paper trading account. This is a built in feature you can use for free on trading view. Here we will talk you through on how to set it up.

What is paper trading?

Paper trading, also known as simulated trading, lets you trade with “fake” money and practice buying and selling securities. Everything is essentially the same as if you were trading with real money, except you can practice your hand at trading without any of the risk. Our system tracks your orders and you can see how much Profit or Loss (PnL) you have on your account. This helps you gauge how good you are at trading!

Where do i make an account?

You are going to navigate yourself to a chart of a coin. Once you get there, it should look like this:

A TradingView chart of BTCUSDT with the toolbar along the top and the panel tabs along the bottom of the window. — Start from any chart. Everything in this walkthrough is in the strip of tabs along the bottom.

In the bottom right there is a small square and you are going to want to click that

The same TradingView chart with the panel expander button at the bottom right circled in blue. — Open the bottom panel with this button.

Once you click that square it will come up with the following:

The TradingView bottom panel open on the crypto pairs screener, listing perpetual contracts across several exchanges with price, change and volume. — The panel opens on the screener. The tab you want is further along the row.

You are going to want to click on the Trading panel button

The same screener with the Trading Panel tab in the top row circled in blue. — Trading Panel is the tab that holds paper trading.

Once you click that button it is going to display all the available brokers you can connect to. It should look like this:

The broker selection screen, showing a grid of broker logos with ratings, Paper Trading first in the list. — TradingView asks which broker to connect. Paper Trading is the built-in one, and it is not a broker at all.

from there you are going to click on the first broker it displays, the Paper trading one

The same broker grid with the Paper Trading tile circled in blue. — Pick Paper Trading. Nothing here touches real money or asks for an account.

after you click on connect, it automatically makes an account with $100k.

The connected paper trading panel showing an account balance of 100,000, equity, realised and unrealised profit and loss all at zero, and the message that there are no open positions yet. — You start with $100,000 of nothing. Realised and unrealised are both zero because you have not traded yet.

This is obviously a bit unreasonable, because you wont start with $100k when you start using your own money. So to change the settings of your account click on the settings icon next to your name

The paper trading panel with the account selector showing the test account and its settings icon. — The settings icon is where the account is configured - and where you reset it.

After you click on that button, you get to this screen. To make any chages on this you have to first click on ''reset account'' on the bottom left. After that you can change your leverage and your account balance.

The paper trading account settings dialog, with leverage dropdowns for stocks, futures, forex, crypto and others, commission settings, and Reset account and Save buttons. — Set the crypto leverage to something you would actually use. A demo at 100:1 teaches you a habit you cannot afford live.

this is a step by step guide on how to make a simulation/ paper account on ''tradingview'', it might be a bit different if you use a different application

Education, not advice. Nothing here is a recommendation to buy or sell anything, and every example is one trade rather than a rule.