5 Websites To Demo Trade Bitcoin With Virtual Money
5 Websites To Demo Trade Bitcoin With Virtual Money
Coins2Learn | Free trading simulator to buy and sell
Practice Crypto Trading - Crypto Feeds
Crypto trading practice - How to buy ripple cryptocurrency
How to trade Cryptocurrency: Beginners guide for 2020
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Autonio AI Trading Assistant is now downloadable for Linux/Mac/Windows. ------------------------------------------------------ Unleash your true potential in trading ------------------------------------------------------ Autonio is a decentralized artificially intelligent trading system that turns crypto-trading into a more rewarding and convenient practice.
Covesting (COV) is a crypto trading platform currently in development. The core concept is to enable mirror trading, which is the practice of copying a more experienced/successful traders investment strategies.
Just figured I'd take some time out for newbs, and intermediates that trade a lot and keep getting rekt, or simply want to improve and haven't read much yet re psychology and or modeling after great traders.
DCA'ing in/out: Let's say you have a few bitcoin, want to invest into something that's growing fast. Your instincts are going to want to BUY BUY BUY as you see a big candle growing. Even though you know it's going to correct because it's flying, don't just dump it all in at once (unless serious news has hit, and you know it's going to xfold, you'll spot those over time). It's usually best to get into something in chunks over time. Say xx% over x days (or hours in our case as crypto is crazy volatile, a dip is just around the corner most times, so is a spike). Same when you exit, don't just dump on market in full. Set sell orders as it grows in chunks (unless you have a small amount, but big holders getting out with 10+ btc can move a chart/candle and make much less if you just dump it all, maximize your profits).
StopLosses: Finally, the exchanges are all adding great features to the orderbooks. Stop losses are great but can also rek you. Let's say you bought into something for $1. You give yourself a 20%-30% stop loss. So if it goes down to $.80 you get half out, if it hits $.70 you take more out, while you keep your eye on the reversal and hopefully get back in at a lower rate, or if it keeps tanking you might score big/double coins before the reversal - OR simply stay out and avoid a 90% drop due to an unforeseen). WealthPreservationPractices are important for traders of all levels, don't get rekt no matter what.
The bad part about stoplosses are that if it drops to $.80, and goes just below it only to reverse and shoot back up - you're stuck buying in at a higher rate. I've had stop losses going down in 20% increments and buy orders 10% below each in succession and it has worked at times too. You can be creative with how you set these up.
TIME. This one is a bitch. How many times have you exited a position only to look at that coin a week later and go "faaaaaaak! it moon'd!"? :). I've had it happen dozens of times over the years. TIME is on your side, if you're in the red, just chill. Don't move coins around too often chasing highs, chase lows instead or just chill. The whole eco-system is getting billions thrown into it. No matter what coin you choose (well, not total shitcoins), you're going to make money over TIME. New coins are very volatile and can be scary but I've seen the cycles be the same each time for coins with potential, they alllllll fly and most beat BTC's rise (aka for bitcoin to 5x it has to hit 100K, for TNB to 5x it has to hit $.50, translated to a marketcap TNB needs wayyyyy less to do this). Learn to love TIME and being idle by design, it's lucrative.
ALL IN?! While this is the way to make the most if you can manage to stay in profit lanes, it's also the scariest in your feagreed cycles. Yeah I've done it, yeah I've x folded and yeah I've gotten rekt. It's best to diversify however there are times that I still get tempted and cave to throw everything I can at something and be patient with it. The times I got too scared and bounced, yep you guessed it, should have just chilled, it moon'd x time later.
Psyche: You're playing both with and against others. You want to get in before them, and get out before them. However you are not them, they might be pro daytraders just getting in/out, you might be a mid-term hodler or riding the waves but staying in over time waiting for your x fold.. Staring at charts all day everyday counting your dollhairs is extremely taxing on your well being. You have to pretend you're a computer, you have to pretend TIME doesn't affect you. You have to put all the other coins that are mooning to the side and not be emotional about any of it. This is a business you're running (or at least look at it that way), and the only enemy is your own brain giving you signals of feagreed. The market is backwards until you get it - chase lows not highs, when you think you should be buying more because it's mooning, you should probably be selling. When you think you should be freaking the fuck out because it's smashing downwards, you should be happy and buying more as you DCA'd in/out :).
TA: Nice charts, how did you draw those lines? What does it mean? Technical Analysis works much better in other markets that are slower, less unpredictable, and have a lot of history behind them (even then it's just a BIT more predictable than 50/50 guessing). Charts in crypto are looked at as a cancer and are wrong way more than they are right. However the absolute basics still stand - most pennant formations do have a reaction, most fractals do indeed repeat just more randomly as this asset class is still going through discovery, growth, variable change at any moment, and nobody has a fukn clue where it ends or how. Yes I would take the time to learn TA basics at least, and see how right/wrong they can be - by then you'll also have your own formula and best practices. This asset class operates on news/events 90%, 10% traditional TA. Stay close to the social circles online/chats/forums/reddit/etc. and you'll do better than any TA re your reaction time and execution getting in/out of stuff.
Hyper, short, mid, longs: Basically, I have my portfolio spread out over a few categories. Coins I'm holding for the long haul (yrs), coins I'm holding for mid-term (weeks to months), coins I'm trading every few days, and at times hyper trading jumping lane to lane throughout the day (most times I break even or am up, rarely down but it's stressful and over time can be pointless vs spreading investments evenly and sitting/wating). The %'s are long term hold are biggest positions, and shorter we go the less % I use. Daytrading 10-20% most times, and the odd big chunk on something that's doing a great run.
BITCOIN vs the rest: Rather known/obvious, but if you're trading BTC against others, you're trading a volatile appreciating asset against another volatile appreciating asset. You're hoping your coin grows faster than BTC basically. If you invested with USD/FIAT then you're laughing and appreciating in value quickly.. When BTC goes for a run, most people drop their alts and run with it, then jump back into their alts (some alts suffer more than others, some run with btc too). When BTC takes a dip, that's when magic happens for a handful of alts doing xxx% to x,xxx% in days/a week or two...
Feel free to dop a comment, question, etc. Been here since 2013, have seen it all, have done well. To TNB hitting $1 in the near! :)
Hi guys. I was wondering if there is an app or platform where I can practice trading crypto? Having flexible graphing functionality that can go down to hour scales is one of the features I need it to have though. Tradingview doesn't seem to let me do paper money trades. Thanks for the suggestions :) Edit: bonus points for platforms that let me simultaneously test multiple strategies on one crypto
Anchor token is designed to preserve purchasing power and steadily enhance monetary value over time
When evaluating stablecoin projects, however, protocol design is one piece of the broader puzzle. A stablecoin can have the most solvent off-chain capital base, brilliant exchange-rate peg or seignorage algorithm, but if its primary use is geared towards market arbitrage, the token’s utility will be strictly limited to sophisticated traders. Additionally, increasing regulatory scrutiny over manipulative crypto trading practices does not bode well for the long-term survival of arbitrage-minded projects. Anchor token is designed to preserve purchasing power and steadily enhance monetary value over time. Anchor token is a stable financial ecosystem comprised of a stablecoin cryptocurrency and a non-flationary, algorithmic index. The index is based on the sustainable, upward trend of global economic growth measuring real world value using financial indicators such as the GDP of more than 190 countries, FX indicators of a basket of 16 currencies, and premium sovereign bond yields. Anchor’s tokenomics ecosystem is designed to be intrinsically stable with its algorithmic index called the Monetary Measurement Unit (MMU) and a safety-net of six stabilizing mechanisms, which includes a two-token, burn-mint model to ensure stability regardless of market recession, volatility, inflation, and other dynamic economic scenarios.
idap.io + Wanchain: Aligned visions and partnership.
IDAP is thrilled to announce its partnership with Wanchain to become a WanLabs accelerator company building on Wanchain. The idap.io derivatives exchange is the first complete ecosystem for crypto assets that offers a wide array of product offerings including derivatives like futures, swaps, spreads & butterfly, along with a sophisticated trading platform with the most advanced Desktop Trading Interface and the novel, Simulated Trading Environment for crypto trading practice. The functionalities we are delivering are yet to be seen on any of the current exchanges. More so, to maintain the efficiency and performance of our exchange while achieving further decentralisation, we are going ahead with a hybridised architecture built on the Wanchain interoperable blockchain ecosystem. With idap.io, the first crypto derivatives exchange aimed at all grades of traders and investors, and Wanchain, the distributed financial infrastructure using cross-blockchain smart contracts with privacy protection, both sharing the vision of a global digital economy and contributing towards it via their respective projects, the mutual agreement to work together came to happen very organically. Coupled with the technological support of Wanchain, idap.io will go on to establish itself through its crypto exchange as one of the purveyors of tomorrow’s digital economy. In Wanchain’s team, we have found people who are passionate like us in helping improve the crypto landscape and together we hope to further the vision for a decentralised digital world. For more enquires; Idap.io
Practice trading is a great way to become a better trader without risking real money. Use zero or low leverage – Using too much leverage is how most beginners end up losing money. If you're new to crypto trading, start trading without any leverage. Back-test a crypto day trading strategy; If you would like to learn how to trade crypto, then the next step is to find a crypto exchange that supports paper trading crypto assets to practice on the live charts. Frequently Asked Questions Improve your skills, develop strategies, and learn from your mistakes with our free crypto trading simulator and professional chart analysis tools. Have an authentic and diversified experience. Trade over 90 different coins and tokens on a platform that imports real data for each cryptocurrency live from the world’s most significant exchanges. Niffler is a practice cryptocurrency exchange that aims to help you learn all aspects of cryptocurrency trading. That means instead of just making a purchase or a sale, Niffler simulates all areas of crypto trading, such as using leverage, going long, shorting a position, and so on. Crypto Trading Practice + Live Analysis Crypto Trading Practice + Live Analysis Sign in to follow this . Followers 0. Started by VideoBOT . November 30, 2017. Updated November 30, 2017. Views 205. Comments 0 comments; External URL Part 1
Don't Make The Same MISTAKES As Me! Crypto Trading Tips ...
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