Bitcoin Forum

Hi guys!
I am building new tool CryptoTNG. It is crypto trading simulator for those who wants to try himself as a trader, but not ready to do it with real money right now.
Our main goal is to create a platform that will looks like very similar to most of crypto stock exchanges.
Now we are looking for early adopter for private beta testing. You can subscribe here. We will start to send ivitations at the end of next week.
https://www.producthunt.com/upcoming/cryptotng (https://www.producthunt.com/upcoming/cryptotng)

Please share your thougths about our idea and your experience using such platforms

But what market are you going to use, your own market or are you going to use the price from some big exchange like binance or bitfinex? If you are looking to make your own, it's going to take some time and a good amount of people trading there to make it viable.

I highly recommend this kind of tool for beginning traders! I used to train in a similar tool in forex markets using historical data.. there is some features that I would like to recommend in this project.

Yep we are using real time data from Bitfinex. Orders are executing comparing to amount of trades on Bitfinex. So it can be filled partially if it is limit order. Or maybe it will not be filled at all. If there are no volumes  on Bitfinex. So it will be really very similar to real trading.

It would be very good if you had the opportunity to test bots programs for trading on stock exchanges. In the future is it planned?

Yep. We are planning to give users possibility to wrote own strategy on script language. And also made api

But what's the real advantage of your platform? I mean people can go directly to Bitfinex and learn how to trade with really small amounts of money. Without risking too much, they can learn the mechanics of trading. Do you offer some classes tutoring lectures strategies in addition to what people can experience at an exchange?

This is an awesome idea, I think I would like to take a part in that, if you want, you can send me an PM, and we will see, how can I help.

That's a pretty stupid thing to say. A lot of stock exchanges have a demo or simulator to trade. No one is going to use small amounts to learn how to trade, fees still exist and even if you are using really small amounts you are going to lose all of it in a quick trade and you have to start again with another small amount.

Count me in btw to test.

I will test it too.

But from my experience, nothing could change the real trading, because the executed virtual orders doesn't move the market while the real order does. I learn it the hard way few years ago when I was learning UK Horse trading on Betfair.

That's right. There is no pressure when you are loosing money also, which is very important. But for testing bots or some kinds of technics it helps a lot.

Unless you have a lot of money you are not going to move the markets anyways, specially stock markets and honestly it's really not that big of a deal. Maybe on UK horse trading it does have a big impact but overall it's not important and it's still a needed tool for every beginner unless they want to lose all their money in their first month of trading.

I highly recommend this to beginners, tools like this can help you master/familiarize the markets price change. You can also use this to improvise/improve your strategies. Think of this as your training grounds.

You can register on bitfinex if your deposit >$10k USD