How to simulate trading on Ouyi app

The Ouyi app provides a simulated trading function, allowing users to practice and test strategies without losing real money. Steps include: Create a demo account and allocate $100,000 of demo funds Select currency, set trade quantity and leverage Select order type, set target price and stop loss price Place order and monitor trade execution Demo account provides real-time market data, historical data Replays and the same order types and settings as a real account. The benefits of paper trading include risk-free practice, strategy testing, and familiarity with the platform.

European Easy App Simulated Trading Guide

How to use Oeasy App for simulated trading?

The Ouyi app provides a simulated trading feature that allows users to practice and test strategies before making real transactions. Here are the steps for demo trading using the OUYI App:

1. Create a demo account

• Open the OUYI App and register or log in to your account.
• Click on the "Wallet" tab in the lower right corner.
• Select "Currency" and find "Demo Account".
• Click "Create Demo Account".

2. Select currency

• After creating a demo account, the system will automatically allocate 100,000 US dollars of demo funds.
• You can choose to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

3. Set the transaction quantity

• Enter the quantity of the currency you wish to trade.
• You can also adjust your leverage to increase your potential profits, but also increase your risk.

4. Place an order

• Select the type of order you wish to execute (e.g. market order or limit order).
• Set your target price and stop loss price (optional).
• Click the "Buy" or "Sell" button to place an order.

5. Monitor transactions

• You can monitor the execution of your trades through the "Trades" tab.
• Check your P&L and open positions.

Demo Account Features

European Demo Account provides the following features:

• Real-time market data and charts.
• Historical data playback for testing strategies.
• Same order types and settings as a real account.

Benefits of paper trading

Benefits of paper trading include:

• Risk-free practice: Before trading for real, you can practice your trading skills without losing real money.
• TEST STRATEGIES: You can try different trading strategies and evaluate their effectiveness.
• Get familiar with the platform: You can become familiar with the interface and functions of the Ouyi application.

Please note that profits or losses from simulated trading will not be reflected in your real account. Demo accounts are for practice purposes only.

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