MEXC Global Exchange Review: FREE METHOD!! ($8,000 MEXC Referral Code)

11/28/24 •

Summaries by topic

• English

This podcast demonstrates how to use MEXC Global's free demo trading feature for futures trading. It explains the benefits of demo trading, including risk-free practice and testing various features and strategies. The podcast concludes with recommendations to prioritize risk management, maintain a balanced mindset, and focus on long-term profitability when transitioning to live trading.

Free Demo Trading

• 00:00:15 MEXC Global offers a free demo trading feature that provides users with 49,999 USDT in demo coins to practice futures trading without risk. Users can test various features like different order types, indicators, and strategies in a risk-free environment before using real money.

Benefits of Demo Trading

• 00:01:51 Demo trading allows beginners to practice futures trading without risking their own money. It also lets intermediate and advanced traders experiment with features and strategies without financial consequences. This facilitates the testing of different trading strategies, such as day trading or scalping, and allows for a seamless transition to live trading once comfortable.

MEXC Futures Trading Features

• 00:03:44 MEXC Global's futures trading interface provides various functions similar to other platforms like Bybit, including order types, charts, and trading views. Users can test diverse features such as limit and market orders, take profit and stop-loss orders, and leverage modes to gain a comprehensive understanding of the platform's functionalities.

Trading Strategies

• 00:09:12 The demo account allows users to explore various trading strategies, including day trading and scalping. They can also test indicators like moving averages, Bollinger Bands, and MACD, as well as features like flash close and order reversal, in a risk-free environment to optimize their strategy.

Risk Management

• 00:10:39 While the demo account permits high-risk practices like using high leverage, it's crucial to adopt proper risk management when transitioning to live trading. The presenter advises limiting exposure to futures trading to a small portion of the portfolio, ideally less than 5%, and underscores the importance of psychological awareness due to the differences between demo and real money trading. Long-term profit focus is paramount, and short-term gains should not be considered a guarantee of continued success.