On Mizar, you can automate your orders on an exchange such as Binance, or trade risk-free, with Paper Trading. We recommend to start using Mizar using our Paper Trading System, before switching to real trading.
Paper Trading is a method of simulating actual trading situations to evaluate strategies, markets, and features without using real funds. Mizar has developed a simulated exchange based on Binance, allowing traders to test their strategies or copy-trade without any financial risk. You can use paper trading on Mizar to:
- Experience Mizar tools and features
- Practice in real-time crypto markets without risking your capital
- Test different techniques and strategies in the marketplace to determine the most suitable for you
Mizar Paper Trading is available to all users and incurs fees similar to those of a real exchange. These fees are based on the Mizar pricing structure, which can be found here. The only distinction between real trading and copy-trading is that no performance fees are applied when engaging in copy-trading.
In order to reduce your trading fees, we recommend to set your base order at $2.5, the minimum allowed. Remember, what counts are returns (profit and losses in %), not $!
Currently, Paper Trading is exclusively available for SPOT markets. Furthermore, it's important to note that not all bots in the marketplace offer support for paper trading. The decision of whether to enable or disable paper trading is left to the discretion of the trader.