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HOW TO USE A CRYPTO TRADING SIMULATOR?

By CoinTradeUp Team
published in February 25, 2025
How to use a crypto trading simulator?

Using our trading simulator with real-time prices and a wide selection of cryptocurrencies is an excellent way to train for trading without risk. Follow these steps, experiment with different strategies, and most importantly, take the time to thoroughly analyze your results. With practice, you'll be ready to face the real markets with confidence! 🚀

Step 1: Create an Account


Start by signing up on our platform. Most simulators provide you with a starting virtual capital that you can use to make your first trades.
On our platform, you will have access to a virtual capital of 100,000€ and the option to open other fictional portfolios with different amounts.

👉 Tip: Take the time to personalize your profile and familiarize yourself with the interface.



Step 2: Explore Available Cryptocurrencies


With over 250 cryptocurrencies available, you have a wide choice to diversify your investments. You can trade major cryptocurrencies like:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Solana (SOL)
  • Dogecoin (DOGE)
  • XRP (XRP)
  • Official TRUMP (TRUMP)

As well as more volatile or niche altcoins.
We also invite you to discover our articles, particularly the one on different types of cryptocurrencies.

👉 Tip: Start with the most well-known cryptos to understand market dynamics before venturing into riskier assets.



Step 3: Use Charting Tools to Analyze the Market


Our platform offers technical analysis tools with the Tradingview chart available on a product's page:

  • Japanese candlesticks
  • Moving averages
  • RSI (Relative Strength Index)

These tools help you identify trends and anticipate market movements.

👉 Tip: Learn to read charts and identify entry and exit points before placing your orders.



Step 4: Place Your First Order


Choose a cryptocurrency, analyze its chart, and then place a buy or sell order based on your analysis.

  • Market order: Executed immediately at the current price.
  • Limit order: Executed when the price reaches a certain level you have set.

👉 Tip: Set a stop-loss (e.g., a stop-limit order) to limit your losses in case the market turns against you.

There are different types of orders that allow you to set conditions for buying or selling the crypto you have chosen.



Step 5: Monitor and Adjust Your Positions


Once your orders are placed, regularly monitor your positions using real-time charts. If the market moves in the expected direction, you can decide to take your profits.

👉 Tip: Don't hesitate to adjust your orders if the market becomes too volatile.



Step 6: Analyze Your Results


After each trading session, take the time to evaluate your performance:

  • Which trades were successful?
  • What mistakes did you make?

👉 Tip: Keep a trading journal to track your progress and improve your strategies.

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