There are all kinds of cryptocurrencies available today which might confuse those looking to get into the trading business. There are popular ones and those that are looking to make a name for themselves. Since most traders trade popular virtual currencies it’s a good idea to start with them.
In general, there are 2 ways you can trade any crypto. You can learn it by yourself, by doing it without any previous knowledge. In other words, you’ll learn by trial and error and you’ll likely make more mistakes. The second way is much simpler because it involves a trading simulator app.
There are several such apps available online thanks to the gaming industry which has produced multiple crypto apps. Most of them are games that fall in the matching and trading card games genre. These simulators focus on various aspects of trading and one or several cryptocurrencies.
Nevertheless, they will have you well prepared for the real world of crypto trading. So, if these are the kinds of apps you’re looking for then you’re at the right place because here are several of them:
If Bitcoin is your preferred crypto and you’re looking to get straight to the point then you can try Bitcoin Profit. With that said, this app focuses on buying and selling Bitcoin. The assets have real-time prices and you’ve got virtual dollars as a currency to trade with. Besides Bitcoin this game also lets you trade with Dash, Ehtereum, and Litecoin. Naturally, you can take the third approach and look for a trading platform. These platforms have their benefits and there are several of them online. Among the bunch, you’ll come across the Bitcoin Power platform.
This is a platform that comes with a low commission of just 2% but only once you get the hang of the platform and start profiting. For these purposes, you’ll need to create an account with it and make a small deposit so you’ll have something to trade with. Then you’ll need to get a grasp of how the settings work hence the demo account and the many tutorials that are part of the training. Once that’s done you can set the settings and go for a live session. More importantly, you’ll be able to see what the platform can really do once you’re done with this session.
This is another trading simulator app that focuses on multiple virtual currencies. In addition, Altcoin Fantasy also covers the buying and selling aspects of crypto trading. But it also covers the market analysis aspect with is crucial because it teaches you how to keep an eye on the value of your crypto and how to adapt to changes in that value. Also, you’ve got a few competitions to participate in and if you get the top spot you’ll be rewarded with a specific amount of your preferred virtual currency.
This is a great app because it doesn’t just focus on the popular cryptocurrencies, but it also covers those that are up-and-coming. It also covers multiple aspects of crypto trading like using leverage, shorting a position, and more. More importantly, it will teach you these skills and you’ll have the badges to prove them. When you’ve gotten the verified status then you’ll be competent enough to advise others and trade in real life.
When you’ve got the skills to trade, you’ll need to take care of a couple of other things as well. This includes picking out a crypto from the bunch online and sticking to it. The right wallet and exchange can make all the difference as well.