# Trading modes

## Operating modes

The trading modes can be selected through the top menu of the terminal **File - Trading mode.** The following modes are available:

* Real
* Simulator
* Player

<figure><img src="https://2207507098-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOSB2AVpWygd626dcnm1c%2Fuploads%2Fa51x7w0oIC0B4xIjX5yk%2FTrading%20mode.png?alt=media&#x26;token=5dc30111-9d1c-4f7f-9ef8-137243f26e7a" alt=""><figcaption><p>Selecting a trading mode in the Tiger.com terminal</p></figcaption></figure>

{% hint style="info" %}
The trading mode affects which lists of accounts you'll be able to access in the Trading Panel of the [Chart](https://support.tiger.com/english/windows/chart) and [DOM](https://support.tiger.com/english/windows/dom) windows. In real mode, real accounts are available for active [connections](https://support.tiger.com/english/settings/connections), in Simulator mode — 5 Simulator accounts, in Player mode — 5 Player accounts.
{% endhint %}

### Real

This mode is used for operating the terminal on real accounts with real money using live data. For this mode to function, it is necessary to [create a connection](https://support.tiger.com/english/settings/connections) to a [crypto exchange](https://support.tiger.com/english/settings/connections/crypto-exchanges) or a [terminal](https://support.tiger.com/english/settings/connections/trading-terminals) to receive real-time data.

### Simulator

In the Simulator mode, the so-called internal (demo) accounts of the Tiger.com terminal are used, meaning that the transactions are not made on a real account. At the same time, in order to receive live data, you must also set up connections to a crypto exchange or terminal, depending on the instrument you are going to trade on.

{% hint style="info" %}
To [set up a connection](https://support.tiger.com/english/settings/connections) in Real and Simulator modes, [6 cryptocurrency exchanges](https://support.tiger.com/english/settings/connections/crypto-exchanges) and [7 terminals](https://support.tiger.com/english/settings/connections/trading-terminals) are available, which allow to trade on stock exchanges, as well as connect to [DataFeed](https://support.tiger.com/english/settings/connections/trading-terminals/datafeed) to receive real-time data on FOREX market instruments.
{% endhint %}

The simulator account is unlimited, and leveraged trading is not available in simulator mode. To create a more realistic trading experience, it is recommended to configure the commission for instruments.

{% content-ref url="../frequently-asked-questions/why-do-i-need-to-set-commission-in-the-terminal" %}
[why-do-i-need-to-set-commission-in-the-terminal](https://support.tiger.com/english/frequently-asked-questions/why-do-i-need-to-set-commission-in-the-terminal)
{% endcontent-ref %}

### Player

This mode is available in the [Player and Full licenses](https://support.tiger.com/english/how-to-start/licenses-and-login) and allows users to play historical data for any instrument available in the Tiger.com terminal at the desired speed and the ability to pause playback, rewind and continue playback. In the Player mode, all [terminal windows](https://support.tiger.com/english/windows) work similarly to the Real and Simulator modes, the difference is that the historical data is displayed instead of real time. Therefore, users don't need to set up connections when using the Player mode. More information about the Player mode can be found at the [link](https://support.tiger.com/english/tables/player).