Real Fake Trades
Login

Learn & FAQ

Master the mechanics of Real Fake Trades before risking your virtual capital.

Critical Risk Warning

Leverage trading involves significant risk. Real Fake Trades is a simulated environment designed to teach you these risks without losing real money. In real markets, leverage can lead to the total loss of your capital in minutes.

"The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

Trading Psychology & Risk Management

Success in trading is 10% strategy and 90% psychology. Before you trade real money, master these concepts.

Trading in the Zone - Mark Douglas
A must-read on consistency, self-sabotage, and the mental patterns that shape trading decisions.
The Daily Trading Coach - Brett N. Steenbarger
101 practical exercises for building trader discipline, reflection, and daily mental training.
The Disciplined Trader - Mark Douglas
Douglas' earlier work on the psychological barriers that keep traders from following their plans.
Enhancing Trader Performance - Brett N. Steenbarger
A data-driven approach to treating trading like a high-performance skill that can be measured and improved.
The Psychology of Trading - Brett N. Steenbarger
Research, case studies, and practical strategies for identifying and correcting emotional self-sabotage.

Backtesting & System Design

Algorithmic Trading - Ernest P. Chan
Practical strategy research, implementation, and evaluation for algorithmic traders.
Quantitative Trading - Ernest P. Chan
A practical introduction to developing and testing systematic trading strategies.
Inside the Black Box - Rishi K. Narang
A clear overview of how quantitative trading systems are structured and evaluated.
Python for Algorithmic Trading - Yves Hilpisch
Python-focused workflows for data analysis, strategy testing, and algorithmic trading systems.

Advanced Technical Analysis

Deepen your understanding of market structure.

Elliott Wave International

The world's largest independent technical analysis firm, founded by Robert Prechter.

Visit Official Site
Brian Swan (FiboSwanny)

Expert in Fibonacci Theory and market structure analysis.

YouTube Trading Academy

Essential Trading Tools

Industry standards for charting and data.

TradingView
The gold standard for charting and technical analysis.
CoinGlass
Real-time liquidation heatmaps and open interest data.
ForexFactory
Economic calendar for potential market-moving news time.

How Real Fake Trades Works

How does leverage work?

We simulate simplified isolated USDT-margined perpetual positions using mechanisms similar to major exchanges like Binance and MEXC.

  • Position notional: Margin x Leverage
  • Quantity: Position Notional / Entry Price
  • Example: With $100 margin at 10x leverage, you control a $1,000 position.
  • The catch: A 10% move against a 10x position is roughly a 100% loss of margin before maintenance margin, liquidation fee, and close fee effects.

How are order size and fees calculated?

The ticket can size a trade by margin, coin quantity, or total position notional. Fees are calculated on position notional, not just margin.

  • Opening fee: Position Notional x Fee Rate
  • Total opening cost: Margin + Opening Fee
  • Default fee rates: Maker 0.02% and taker 0.05%. Users can adjust their fee rates from profile settings.
  • Max-balance sizing: When using all available balance, margin is reduced slightly so the total cost still includes the opening fee.

How are PnL and liquidation calculated?

Open-trade PnL is based on the price move from entry, direction, margin, and leverage. Closing a trade returns remaining margin plus realized PnL after the close fee.

  • Long PnL: (Current Price - Entry Price) / Entry Price x Margin x Leverage
  • Short PnL: (Entry Price - Current Price) / Entry Price x Margin x Leverage
  • Close fee: Exit Price x Quantity x Fee Rate
  • Loss limit: Realized position PnL is clamped at negative margin for isolated-margin behavior. The returned balance is never debited below zero after close fees.
  • Liquidation estimate: Uses entry price, leverage, maintenance margin, and liquidation fee assumptions to estimate where margin is exhausted.