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Practise

Paper trading

Long and short with leverage, limit orders, target and stop, partial profits, liquidation — the full mechanics of a futures account, only with play money. You start with $10,000 that do not exist.

Order, entry, target, stopDemonstration
Starting capital10.000 $
DirectionLong · Short
Order typeMarket · Limit
Marginisolated · cross
Partial-profit levelsup to 5
Reset accountat any time

The practice account is separate from the bot accounts. What you trade by hand does not mix with what a bot does.

Click by click

A trade from start to finish

Direction, margin, leverage — open. Then target and stop in percent, a limit order, close and look it up in the history. Keep scrolling: the pointer shows how, in the real terminal.

Mechanics

What you set

FieldMeaning
DirectionLong wins when the price rises, short when it falls
InvestmentHow much of your balance is committed as margin
LeverageMultiplies position size and profit and loss — see below
Order typeMarket goes straight to the current price, limit waits for your desired price
Margin modeIsolated risks only this position, cross the whole balance
Target (TP)Price at which it closes automatically with a profit
Stop (SL)Price at which it closes automatically with a loss
Partial profitsUp to five levels, each with its own price and share of the position

Target, stop and percentages can also be set with sliders — you see live which price and which result follow from them.

Safety nets

What keeps running without you

Target, stop, partial profits and liquidation are checked on the server, not in the browser. You can switch off your computer — the position is still closed when its price is reached.

Target

If the price reaches your target, it closes and the profit is booked — the history then shows TAKE_PROFIT.

Stop

If it goes against you, it closes at your stop before more is lost. The stop is the only setting that protects you from liquidation.

Partial profits

Up to five levels: close a third at price A, half of the rest at B. The margin is released proportionally, the remaining position keeps running.

Liquidation

If the margin is no longer enough, it is closed by force — the margin put in is then gone. The liquidation price is shown on the position at all times.

The point that matters

What leverage really does

Leverage does not increase your chance of winning. It increases the position — and with it profit and loss in the same ratio. The number that matters is how far the price may run against you until your margin is used up. It is simply the inverse of the leverage:

LeveragePosition from $100 marginCounter-move until the margin is lost completely
2×200 $50,0 %
5×500 $20,0 %
10×1.000 $10,0 %
20×2.000 $5,0 %
50×5.000 $2,0 %
100×10.000 $1,0 %

Simplified without fees and maintenance margin — in practice liquidation comes a little earlier. At 50× two percent in the wrong direction are enough. Bitcoin makes moves like that on a quiet afternoon.

That is why everything here is demo. No real money, no deposit, no payment details — and that is not a transitional state but the purpose of the platform. Anyone who wants to learn how to handle leverage should do so before it costs anything. Play it through with the risk calculator →

What it is good for

  • Learn the mechanics: margin, leverage, liquidation price, partial profits
  • Test an idea before you leave it to a bot
  • See how a position feels over days, not just over minutes
  • Try out what a stop that is too tight does to your hit rate

What this does not show

  • Your own pulse. The biggest difference is not technical. With real money people close too early, hold too long and bet more after losses. That is exactly what a practice account cannot simulate.
  • Partial fills. Here an order is filled completely as soon as the price reaches it. In reality, with larger amounts you get pieces at different prices.
  • Your own impact. A large order moves the price in a thin market. Your practice order moves nothing.
  • Exchange outages. Overload, rejected orders, maintenance windows — all things that happen at exactly the wrong moment.
A well-running paper account ≠ a well-running real account. Take the results as proof that you master the mechanics — not as a projection of returns.

Try it

Create an account, open a chart, open your first position. No real money, no payment details.