It has been a while since I've started trading cryptos now.
In hindsight, it's clear that I made a lot of mistakes when I begun ! There are a lot of insights you can get from Youtube videos or more serious market analysis, but I truly believe that learning how to see the insights is the best way to evolve.
The tool I used to strengthen my skills in trading didn't came from the Crypto ecosystem, but from the Forex world, and I wanted to share it.
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world
One app : Trading Game
In this app, you can trade fake money on the real market.
Many apps offer this service and some of them are a lot more specialized in crypto-trading, so why use this one ?
One Feature : Learning
I strongly advise you to go through all of the classes they have for the general knowledge and also to unlock funds on the app !
They go all the way from the usage of Candlestick charts to the use of leverage on the exchange websites and the lessons are clear.
At the end of every lesson, you'll have to answer a 3 questions evaluation to validate the lesson and unlock the next one
You can trade more than ForEx
Obviously, I wouldn't have posted about it if not !
On the "Trade" section of the app, there are a lot of currencies, stocks and some cryptos !
You will find the two main one Bitcoin and Ethereum.
When you start trading or hesitate to dive into it, using fake money to start is obviously the best way to train yourself !
In this section of the app, you will be able to use all the tips you saw on the learning process and do a lot of mistakes for free.
At the end of the day, you will have a better understanding of the main trading market in the world (ForEx), learn some insights about graphs and trading and will be able to trade on the Bitcoin and Ethereum for free to test your skills !
And remember : Learning is the key of everything 😘
I hope you liked this post ! 🥳
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If you'd like to learn more about the cryptos you're trading, stacking or mining : -> take a look to my previous article <-