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Topic: Simulator for cryptocurrency trading ??? - page 2. (Read 1794 times)

member
Activity: 240
Merit: 10
December 25, 2017, 08:58:13 AM
#23
Check whaleclub.co
They have demo trading. And the UI looks pretty good.
Worth a look.
legendary
Activity: 1834
Merit: 1008
December 25, 2017, 07:22:58 AM
#22
I wouldnt advise training on demo accounts. First the numbers can be altered easily to envourage you trading with real money. Second most demo account wont take fees into account! Fees are extremely important because that means youll have to lose 1% of your trade value each time you make a trade! That means you need at least 2% of gains from the moment you take a position just to compensate the fee and the spread...

You want to train? Train with real money but small amount and try to double your account Wink

1% fee deducted everytime you trade? This is ridiculous just to take that huge amount for one time trade. I do not want to trade on that site for sure. Usually big site offer 0.3-0.5% per trade and some time they do not even place any fee except for buying directly without waiting

Actually this is true for bitcoin any amount can get profit because there is no limit mean while for real money this is serious problem because you need to have some limit before you can open the account
sr. member
Activity: 882
Merit: 269
December 24, 2017, 12:50:46 PM
#21
Most of the forex brokers that accepts bitcoin and others cryptocurrency do provide you with practice account were you can develop your skills and knowledge on trading. Bitcoin has been listed on fxtime trading platforms and simplex. Hitbtc also provide you with demo account were you can learned how to trade without even having account with them. I don't not know any gambling site that allow that but many forex brokers provide that.
hero member
Activity: 826
Merit: 500
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December 24, 2017, 11:45:27 AM
#20
I wouldnt advise training on demo accounts. First the numbers can be altered easily to envourage you trading with real money. Second most demo account wont take fees into account! Fees are extremely important because that means youll have to lose 1% of your trade value each time you make a trade! That means you need at least 2% of gains from the moment you take a position just to compensate the fee and the spread...

You want to train? Train with real money but small amount and try to double your account Wink
legendary
Activity: 3150
Merit: 1392
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December 24, 2017, 07:26:05 AM
#19
Hi guys! Could you please recommend me game/simulator etc where i can try to trade on cryptocurrency markets? I want to invest to crypto, but i need more practice in it. Any ideas? Huh
I think bustabit and meckabit are good examples. I am not sure what you mean by 'cryptocurrency trading' simulation, but these websites offer games based on stock market simulation. You place initial bet, the round starts and you see the chart showing the price going up. What you need to do is sell before it is busted. It is like a superfast simulation of trading with a bit more risks, for in real life the price usually goes down slowly, so you can still make profit even if you missed the moment with the highest price.
legendary
Activity: 2688
Merit: 1192
December 24, 2017, 05:24:49 AM
#18
You could even try somewhere like Etoro.com - they have a virtual money trading platform and have just recently started allowing bitcoin trading on there. It is good that you are learning with fake money, but do not assume there is any rhythm or strategy to be made. It is not necessarily like the stock markets, because they are more predictable based on company profit and loss.
legendary
Activity: 1218
Merit: 1007
December 24, 2017, 04:24:46 AM
#17
I tried LiteForex and they also allow demo trading accounts with the leverage you want, choose the least if you're interested in trading cryptocurrencies only. They don't offer many cryptocurrencies to be traded there but for the purpose of practice, you can use them as they also provide good articles to understand the basic patterns of market.
hero member
Activity: 686
Merit: 502
December 24, 2017, 03:45:55 AM
#16
Why do you need a simulator? You can start trading in insignificant amounts, gaining practice to increase them. Look at the stock exchanges for the size of the minimum bet.
member
Activity: 309
Merit: 12
December 22, 2017, 04:29:50 PM
#15
CoinMarketGame is a crypto exchange simulator: https://coinmarketgame.com/

The hitbtc one is down but don't know how long. The one you linked to only allows you to make market orders and not set specific prices to buy and sell at.
newbie
Activity: 57
Merit: 0
December 22, 2017, 03:52:11 PM
#14
CoinMarketGame is a crypto exchange simulator: https://coinmarketgame.com/
legendary
Activity: 3094
Merit: 1127
August 21, 2017, 06:19:27 AM
#13
I think SimpleFX has demo accounts.

A lot of Forex platforms, if not all, have the option to have a Demo account.
At least the ones related to crypto, as i know like Whaleclub or 1Broker and of course SimpleFX.

Thanks a lot!
To your mind, what is the difference between them and could you advice the best one? May be one of them is more easy to use or has any other advantages.
I didnt even tried to make use of Whaleclub but on 1Broker i have tried it and its quiet user-friendly and you can easily make use of the site even if you are a complete beginner and SimpleFx is quiet complicated if you dont know how to read the signs or definitions but its also a good place on practicing since they do have demo account and i did practice there on trading too. Just choose on the platform which would really suits you.
sr. member
Activity: 1050
Merit: 277
August 21, 2017, 06:15:53 AM
#12
Hitbtc has a demo trading account which provides you with some demo Bitcoin and Litecoin for practice purposes.
You don't even have to register to be able to use it.

Check it out here:
https://demo.hitbtc.com/exchange

This is cool ! I didn't even know about this. Hitbtc has a huge advantage over their competition by having practice accounts. I didn't even know the crypto world had any. Thanks I will check that out and play around. Will be fun. Someone should make a thread about the simulator I think.
newbie
Activity: 25
Merit: 0
I think SimpleFX has demo accounts.

A lot of Forex platforms, if not all, have the option to have a Demo account.
At least the ones related to crypto, as i know like Whaleclub or 1Broker and of course SimpleFX.

Thanks a lot!
To your mind, what is the difference between them and could you advice the best one? May be one of them is more easy to use or has any other advantages.
newbie
Activity: 25
Merit: 0
Hi guys! Could you please recommend me game/simulator etc where i can try to trade on cryptocurrency markets? I want to invest to crypto, but i need more practice in it. Any ideas? Huh
Are you comfortable/familiar with setting software/scripts on your pc? you can create a vm with ubuntu/windows on it and test/use simulator available on github.

https://github.com/askmike/gekko
https://github.com/thuss/poloniex-trader

Unfortunately, I have never created a vm and it seems to be quite hard. Looks like I should also learn scripts besides trading, not sure I have time for it right now:) But thank you anyway.
newbie
Activity: 25
Merit: 0
I think you should use forex trading first before going into crypto so you know what you are getting into.
There are plenty of companies offering this and with demo dummy trading accounts for a limited time for you to try it out before you sign up for one.

Good luck! Smiley

Why forex trading must be first? Much more volatility into crypto trading or other issues?
legendary
Activity: 1400
Merit: 1009
Hi guys! Could you please recommend me game/simulator etc where i can try to trade on cryptocurrency markets? I want to invest to crypto, but i need more practice in it. Any ideas? Huh
Are you comfortable/familiar with setting software/scripts on your pc? you can create a vm with ubuntu/windows on it and test/use simulator available on github.

https://github.com/askmike/gekko
https://github.com/thuss/poloniex-trader
hero member
Activity: 574
Merit: 500
Just try it with some cheap coins so that you know how it works Smiley
hero member
Activity: 1008
Merit: 1012
I think you should use forex trading first before going into crypto so you know what you are getting into.
There are plenty of companies offering this and with demo dummy trading accounts for a limited time for you to try it out before you sign up for one.

Good luck! Smiley
legendary
Activity: 1834
Merit: 1008
Hi guys! Could you please recommend me game/simulator etc where i can try to trade on cryptocurrency markets? I want to invest to crypto, but i need more practice in it. Any ideas? Huh

Actually there is no precise technic to trade on crypto, all must be the same thing, you just need to have some luck when you do some trading. There is no point wasting your time on practice while you can directly play on your own risk. You can start small if you want to learn but using real money is much better than practising using fake money

Btw this is a new site I think, try IQoption, you can try the demo version and real version too
legendary
Activity: 3024
Merit: 1104
This is what I do. I drink and I know things.
I think SimpleFX has demo accounts.

A lot of Forex platforms, if not all, have the option to have a Demo account.
At least the ones related to crypto, as i know like Whaleclub or 1Broker and of course SimpleFX.
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