Advantages of Practicing Cryptocurrency in a Trading Simulator
Published on: 10 Apr 22:08
There’s no doubt cryptocurrency, a digital or virtual currency safeguarded by cryptography, can be hard to wrap your mind around, and if you’re just getting started, cryptocurrency can be overwhelming. cDuel is an online cryptocurrency simulator game designed to help you learn cryptocurrency safely — and have fun! Below, we’ll discuss the advantages of learning to use a currency exchange simulator. Visit us today to get started!
ADVANTAGES OF PRACTICING CRYPTOCURRENCY IN A TRADING SIMULATOR
- Risk-free. There’s no doubt that trading in a “fake” environment without investing a penny is the biggest advantage to cryptocurrency trading games. You can experience the thrill of trading with all its ups and downs from the comfort of your home with no worry about losing your home. As an added element, you’re competing against others, which is external motivation to help you get better.
- Caters to those who learn by doing. Reading something in a textbook, such as the definitions of cryptocurrency and all the ins-and-outs, can be dry, boring, and the last thing you want to do. However, if you learn by doing, introducing a cryptocurrency trading game will allow you to implement these ideas into practical life. You’ll learn in our cryptocurrency trading simulator what specific trades to make (those that made you money), and what specific trades to not make (those that didn’t make you money).
- It’s fun. There’s nothing more motivating than healthy competition and in beating other people. You’ll spend on average more time practicing cryptocurrency trading when it’s a simulator game than you will reading about cryptocurrency.
- Encourages experimentation and risk-taking. When you’re in a currency exchange simulator, you’ll make trades you normally wouldn’t because nothing is at stake. You’ll try new ideas or new trading strategies that you never would if it were your money on the line. And the best part is you’ll learn from this — and possibly what to implement when you do engage in cryptocurrency trading for real.
- Improve your critical thinking skills. Any time you have to outsmart other people, you have to think harder. Our cryptocurrency trading simulator will stimulate your thinking and problem-solving skills as you navigate all the moving components such as currency prices.
- Improves retention. Studies have shown that students remember about 10 percent of what they read, 20 percent of what they hear, but 90 percent of what they do. cDuel’s online cryptocurrency trading game affords the opportunity to learn by doing and to learn by repetition as you perform similar trades multiple times. Remembering what you do will serve you under real market conditions and market pressures.
cDuel believes in the power of active learning. That’s why we’ve created the best online cryptocurrency trading game. You’ll feel the thrill of winning and the agony of defeat, which will help you to modify your trading strategies and hit it hard next round. cDuel encourages you to keep playing and keep learning so when you do enter the cryptocurrency trading market, you’ll win more often than not. Visit us online today to sign up!