Crypto Trading and the Apps That Simulate It

The world of finance today is different from the one a couple of years ago. Virtual currencies were just a figment of our imagination and nowadays they are as real as fiat currencies. But they don’t come in the form of banknotes and coins but thrive online instead.

They are also quite different from fiat currencies because they’re decentralized. This means no bank or any other third party has access to them and their users are the ones that own them. Also, the users stay anonymous during each transaction and in that way keep their personal and financial information safe. Then there’s the profit potential that has everyone in an uproar

To enjoy these benefits you’ll need to become a crypto user and to make use of the profit potential you’ll need to learn how to trade. For that, you’ll need to go online and go over the many trading simulators available and pick one out.

They focus on various digital currencies and elements of trading but will make sure to provide proper training. In that regard, here are some simulator apps that will come in handy in your search for the one that suits your needs:

Spark Profit

This is a simulator that focuses on teaching you how to make the right predictions about the way the value of various digital currencies will go. This is an important skill that will help you make better decisions as a trader when you look at the market. The currencies covered are Bitcoin, Ripple, and Litecoin and you’ll either win or lose points if your predictions are correct or wrong. Then again you don’t need to learn anything if you go for a trading platform. Platforms like BitQT will trade in your stead.

They can do so thanks to your input as a user and an algorithm that uses this information. But the platform doesn’t do a thing unless you set it to do so. This means you’ll need to create an account and deposit a small amount which will work as your starting budget. Then it’s off to the tutorials that will teach you all you need to know about the settings and tinkering with them. You’ll have a demo account to experiment with as well. Then it’s off to the live session and afterward, you can enjoy all the benefits that the app has to offer.

CoinMarketGame

The trading essentials can also set you on the right path to crypto trading. That’s why you need to master them and CoinMarketGame will help you do that. It’s the primary point of online exchanges and there are multiple assets there. This simulator also offers multiple popular virtual currencies you can practice with.

Naturally, you’ll get virtual money to do so and real-time prices of these assets. You’ll be free to make as many mistakes as you want to and you won’t feel any consequences. After a while, with CoinMarketGame you can confidently enter crypto trading exchanges.

Altcoin Fantasy

If you’re looking to learn market analysis skills then Altcoin Fantasy is the game for you. It also teaches you the buying and selling aspects of crypto trading. And it makes sure to offer competitions that reward the winners in actual virtual currencies of their choice.

Conclusion

Now that you have some apps to choose from, it’s up to you to pick the skills you’re going to learn. What you’ll also need to pick is a cryptocurrency from the several available on the net and stick to it. You’ll need to keep an eye out for its value so you can make better trading decisions. With the right wallet and exchange, you’re all set for crypto trading.