iguess wrote:>> No, you can't
Or does somebody know any betting software that allows you to bet on fake money?
Spread Betting accounts do, but they are more complex and risky. Use £100 as trade capital and £2 stakes, you have to start out small in this game or you could regret it
When I switched from trading with fake money to real money it became obvious the two were completely different. I wouldn't recommended it. Just use small stakes so you can learn what the market does for real.
Playing with fake money has disadvantages. It can make you careless or at least tempt you to make trades you would otherwise think hard about - "well, it's not real money", you may say. It is very, very easy to get into bad habits. Also, unlike in real life, fake money always gets matched! On play money poker sites you will see the most incredible, unbelievable plays you could ever imagine! Believe me, there is nothing like losing your own money to drive lessons home. Put a sum aside that you can afford to lose, this is your learning sum and the number one lesson you must learn is about accepting your losses. If you cannot bear to lose (or worse cannot afford to) then stay away from trading or gambling in any form.
I practiced lots on dumy accounts and blew many of them up. I have now been trading real money for 2 years. And the reality is there are differences between the two.
However I think if only to get to grips with the many features of BA and turning them into Benefits is to practice on a demo account using Betfairs figures it's easy to work out what would be and wont be filled.
But it will never replace live trading but would be a good way to test all of BA's features safely.
yellowking wrote:My main grounding is in Forex trading.
I practiced lots on dumy accounts and blew many of them up. I have now been trading real money for 2 years. And the reality is there are differences between the two.
However I think if only to get to grips with the many features of BA and turning them into Benefits is to practice on a demo account using Betfairs figures it's easy to work out what would be and wont be filled.
But it will never replace live trading but would be a good way to test all of BA's features safely.
Have you heard of the term love to lose money?? if you play small stakes that wont hurt you you will learn the BA Features quite well, it also trains you to use dicipline, and when you work it out its a good feeling knowing you never blew lots trying to find out, what you blew you should get back 3 times over
Good luck
