The crypto industry has finally said goodbye to a 3-year bear market. The new year began with a renewal of historic highs across the market spectrum. One of the reasons is that people can today use BTC, LTC, and other digital assets not only for professional purposes but also for playing at CasinoChan Canada or paying for the pizza. Yet, it’s better to try investing using stock market simulators. Here are the 6 greatest programs.
What Are Stock Market Simulators
Stock market simulator is a program or app that partially or fully reproduces and replicates trading on a real exchange. The purpose of such an application is to allow the player to get practice in trading without financial losses. Such systems use virtual money for trading, and change of quotes is carried out in a similar way, as it is carried out on a real exchange.
The benefits of such programs are obvious. Beginners can try their hand at trading, namely, to learn how to work with trading terminals, analyze charts, choose the correct entry and exit points. More experienced traders can try out new trading strategies and compare their productivity.
Crypto Parrot
Crypto Parrot is a free trading platform simulator. Designed to help you learn how to trade fast, easy and fun. The service is easy to learn, which will be useful for beginners, and advanced enough to be interesting for experienced traders.
The developers believe that sharing experiences is the best way to master cryptocurrency trading. That’s why the platform also implemented a space where experienced traders and beginners can exchange knowledge and success.
By learning on Crypto Parrot, users can gradually build up their virtual capital and earn rewards and other interesting rewards.
Altcoin Fantasy
Altcoin Fantasy is a cross-platform simulator that runs on iOS, Android and in the browser. Using it, users can transact over 1,400 cryptocurrencies using more than 10 fun games.
A rewards system has been introduced to motivate learning, with weekly prizes available. Earn points and earn rewards such as bitcoins, Ethereum, Binance tokens, or TradingView membership.
The service also provides an educational platform where users can read articles, learn how to parse charts and get the latest industry news.
Bitcoin Hero
Bitcoin Hero is a free game for those who want to learn how to trade bitcoins and other cryptocurrencies. At the start, all players get 250 USD of starting capital and can use leverage up to x10. In addition to bitcoins, Ethereum, Litecoin and Dash can be traded in the game. The prices correspond to the real market prices.
CoinMarketGame
If you are looking for a trading simulator that resembles trading on a stock exchange as much as possible, you should take a closer look at CoinMarketGame. Beginners start with a budget of $20,000. With their help, they can trade in the most realistic market, where both well-known cryptocurrencies and new little-known altcoins are represented.
The site also has a leaderboard. There, users can see what assets their competitors are trading and get inspired for a friendly competition.
Bitmex
One of the most famous cryptocurrency exchanges Bitmex offers to try yourself in trading without investing by creating a demo account. For complete beginners, this method of training may seem complicated, but a few sessions will be enough to get to grips with the platform’s functionality. In addition, users will be able to try their hand at the real trading terminal.
You can increase your virtual balance with Bitmex in several ways – open long and short positions, trade with leverage. Coin prices and listings correspond to the real ones.
F1coins
F1coins is a universal exchange trading simulator that works in real-time. F1coins connects to the popular exchanges Binance, Bitmex, Bitfenix, Poloniex and imports information from them about current rates, orders of all currently placed transactions. You can trade BTS, ETH, LTC, as well as dozens of other cryptocurrencies with F1coins.
Every trade made on a demo account is recorded in the diary, which allows you to analyze the trade. You can access your transactions diary for all users or make it personal. By studying the open diaries of other traders, you can adopt their experience.
Image by Csaba Nagy from Pixabay
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