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Best Cryptocurrency Trading Simulators – Why Use One?
Best Cryptocurrency Trading Simulators – Before going deep into cryptocurrency trading, you have to come to terms with the underpinning concepts of blockchain and the companies you’re trading in the first place.
I propose a new paradigm…
I once spoke with a crypto trader who put thousands of crypto-assets on exchanges and left them there for months.
I asked, “why not move funds that you aren’t trading to a cold wallet”? He didn’t understand why I was asking him this. In light of $700 M being hacked from exchanges this year alone, I explained what it means to leave your money on an exchange and how crypto wallets work. I propose a new paradigm that emphasizes foundational knowledge of blockchain tech before going deep into trading without understanding it. Rather than focusing on cryptocurrency trading without understanding the companies being traded, and without knowing what a wallet is, knowing the fundamentals will keep you safe in the world of crypto as you progress in trading knowledge.
best cryptocurrency trading simulators
After you understand blockchain, warm yourself up with trading simulator if the risks are too high.