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Even though there is no 100% working trading signal, there are several platforms that offer a crypto trading simulator, e.g. crypto parrot 🦜 which offers such services to enhance crypto traders’ skills and development that guarantees trading profits. I have not tried it out but will like to hear from users who have used such services in crypto trading.

What are your experiences and recommendations?

I have not used that trading signal before and I'd never will. All I have been hearing from people that trading signals can be misleading traders into losses, I later had to know that trading is not an easy task, I later have to learn trading on my own but yet not good enough, signals are not perfect than a way to lose $100 or more paid to the signal sellers to lose more if you do not actually know how to trade. Learn how to trade and be independent, depend on your own signals that you analysed out yourself.

I have not used such services before, but any service that guarantees profits from trading already has a huge red flag. Trading is diet of like gambling and while there is an element of skill to it, luck still plays a huge part and there are no guarantees.

You'll most likely be better off buying and hodling.

It just give the experience about how trading works so users who are completely just begin their trading career can learn using the simulators or demo account but in my opinion its not going to give the actual trading experience when we trade with our own money.

But the trading simulators doesn't guarantees the profits when you do trades in the real exchange.

When i do hear out some words like this "GUARANTEED PROFITS" then this do smells out directly to be deceptive or simply a scam.Dont really believe with those claims no matter how known
or something reputable because there's no such thing on this world will give out sure profits.

Simulators is already been here for a while or those signals but i dont see for it to be worth specially if they do need some subscription or something like that.

It isnt really worth for your money but if its free then you can test it out but you would still need your own analysis in the end of the day.

Nothing good comes easy, so it's better for the op to try as much to get a good skill in trading not looking for stimulators or trading signals which are not so sure of giving good profits. There are a lots of scammers that uses the world profitable trading signals with guarantee profits which will later demand for subscription to get the signal. In asmuchas the market is not stable and certain, then there is nothing like guarantee profits because those that are offering the services are indirectly looking for money to enrich there pocket.

Crypto trading simulator or demo by exchange?
if it is a crypto trading simulator provided by a service like signal group, will it be manipulated?
Or the simulator can be really a way to learn for trading and analyzing? if it is a simulator and can be used as a way to learn how to analyze the chart and also trade, it means that it is good and helpful enough. At least in order to teach us about the right ways to trade.
But, how is the guarantee? It may be too much of a guarantee for trading profits. Is the guarantee also 100%?

My experiences wasn't that good, because there's a trading site which involves stock market that promotes trading simulation for me given $10 as a good start but eventually doesn't work for me. All simulator won't be effective, because it would rather push you more interest with trading but unfortunately in reality you'll be losing.
Much better, buying coins with huge potentials and hold them at trading sites then sell them once promising value will be reached. You can start at binance with a small capital, unlike with simulator you don't have fear of losing.

Trading via a stimulation is just for practicing and to keep a newbie trader in a proper shape before embarking on real trading, however dealing with emotions and fears is a battle that a trader has to overcome in live trading so as to able to earn profits consistently, unlike trading with a stimulator where all these factors is not put into consideration, however I think it's better to trade live with a small fund i.e money the trader can afford to lose, just to have a feeling of real trading and correct whatever mistakes encountered and ways of preventing them.

Any activity, however simple it may be, requires some prior knowledge, if you had that prior knowledge, you would understand that in the case of cryptocurrency trading it is not necessary to put into practice your basic theoretical knowledge achieved using a simulator.

So with that said, you will understand that it is not necessary to use a simulator to get into trading, but if you think yes, blah blah, at least not when you start, a simulator in any case is to get the most out of advanced trading ideas and projections based on your experience.

But even so, any exchange serve to start and avoid simulators that seek to create the concept of paternalism, that of believing that they are taking care of you, but they want your money. And with that slogan even more.

Nothing should ever guarantee that it could develop one's trading skills to the point where there's guaranteed profit. That's just bull. If it were that easy to profit from trading, then everyone who traded would've been rich already. Trading simulators are quite usual, they aren't really anything that odd, trading simulators that say that they can guarantee profit are the odd ones out though. It should be fine to use them imo, just don't trust 100% what you learn, since in the end, what you are doing is just simply a simulator, and not irl market.

True, don't believe too much in simulator trading because it doesn't reflect when we jump directly into trading in the market,
I think trading the simulator is like a game so don't expect too much to make a profit

i think you're referring to a site that offers free trading demo account, actually i don't have any experience on that crypto parrot site but you know its a big help as well to enhance new traders skill wherein like those trusted exchanges nowadays that offer the same features.. I hope these kind of site will be visible in the internet so that everyone can practice before entering the field of trading because to be honest trading isn't an easy way where you can obtain profits wherein it requires skills and knowledge. So it's good if every new traders will be aware in such site or exchanges.

It is surely a deceit to say a trading add or simulator will guarantee 100% profit, this is not possible because no man or woman knows tomorrow and trading is more like a forecast into the future of occurrence. Whatever the advise we give, some will still fall for such and mostly newbies. As a newbie, I never used such as I understand profit in life don't come easy and no trading strategy is perfect to give you hundred percent gain.

No service can "guarantee" you profits from trading,even if it's a service that can help you enhance your trading skills.Even the best traders are losing money.Can you provide a link to this crypto parrot service?
I'm sick of advertisements about trading bots that "guarantee" you profits on autopilot.This is ridiculous.
I'm never heard anything about the term 'crypto parrot'.I know that many FOREX trading platform offer Demo accounts,where you can trade without depositing real money.This is a great way to gain experience that enhance your trading skills.I don't know if whether or not this "crypto parrot" is the same as a Demo trading account.

I have been in the investopedia stock market challenge for the past 10+ years and I can tell you that there is a good side and a bad side. There are people who bought stocks like amazon, tesla or whatever I do not know but stocks that went up insanely high in the past 10+ years and they made insane returns from that and become the best and ranked high, but the only reason for that is the fact that they are people who did it and left, doesn't say they are the best traders, just says they made one good choice back in the day and logged off and never came back.

Now that still shows you that if you pick the right thing to buy and leave it there for 10 years then there is a good chance you will be super rich, same as bitcoin because if you bought bitcoin 10 years ago and left it there for 10 years you would be super wealthy today, but it still doesn't help with trading experience problem.

Come to think that we cant even predict precisely 100% on whats the weather tomorrow which does really talks about things that wont really be predictable on the first place specially on this very unpredictable market.
Simulators are just really good for some backtesting or something like that and to those people who do offer and tell or proclaim that they are doing good then its just a lie.They wont really be making themselves
offered or trying to get some subs if they are making profits on the first place and you should be careful into those signals even if its free then its always worth if you do just stick into your own analysis
or trading style.

I have never tried any of the same.

What I'm thinking is about those simulators that teaches you how to trade. Like a game that you can trade cryptocurrencies and trade with play money.

But if the case is about signals and making you enhance as they're offering that service, I don't think that it's going to be effective. There are those trading simulators that you can use for free and it's not about signals but about trading with play money/crypto.

Since this simulator's purpose is to enhance trading skills and development, then it's not wrong if you will test it. After all, there's no risk of losing money here. Somehow, you will feel the actual experience of doing trades.

Of course, as long as the service is free, then it's good to try but for a paid one, don't spend money on it as you have thousands of references on the web on how to make yourself good in trading. But take note, don't rely on it in the long run. Trust instead your trading skills and slowly build it.

I'm not familiar with that services but honestly, the trading simulator is a good help for a newbie for practice. However, you should be aware also that real trading has a big difference in this. What I could recommend to you is to try in real trading, don't just rely on the simulator but rather to find another source of information like site demo, videos, or any online source. And much better if there is someone to mentor you like your friend, (not trading signals).

I agree with you on this, it's a deceit trading signal that is almost impossible because no trading analyst has an accurate idea of the direction a trade will go.

Hold up. are you sure you were on the right website? (https://cryptoparrot.com/) cause I don't see them claiming they guarantee profits.

How many times have I not tried with such "signals", the outcome is always the same, I paid, and the result is zero! it is better to trade for the same money, and learn yourself with the help of trials and errors,it will not be so offensive at least.Most of all, this is a deception, where they want to earn money, thanks to you.

Well, there must be some places providing good services. I have never paid money for any signal or simulating trading but I was in a group of free signal and they do provide good trades (however, it is for Forex only). Anyhow, crypto parrot seems quite legit to me. They have a lot of good contents and easy-looking website.

Honestly, I still want people learn to trade by themselves because you are the one who know how to deal with your money

i am not sure about how they operate but using it is no different than using any other different demo accounts on trading platforms, and on top of that some of them don't have accurate prices or rates, and they manipulate these simulation by making you win fake money to encourage you to use their platform and as soon as you do it with your own money its a whole different story, i am not saying to not use it but try to compare it with other platforms and other rates in order to determine if they are good or not.

That really be the ending story of having signals on you. They are not helping anyway as they don't know also what will happen next. The best thing to do is to make it learn by ourselves and stop relying on these groups, much better to have a friend to work with you rather than having any paid group pretending they know the market so well as they are not for sure.

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The use of a trading simulator or demo is a big help for us but have to expect that it was really far different in actual trading.

very different, even when we move to real trading it is not as easy as doing in demo or simulator trading. Some trading platforms that have demo trading have set it up so that we make a deposit as quickly as possible by making trading easier during the demo. Trading in crypto is not as easy as one might think. It takes some basic technical and know about the fundamentals. Psychological strength will also be very influential.
The trading simulator only helps to know how the trading platform works.

I guess as a trader even though market conditions and price directions can affect your profit, a trader is careless as he will find a way to in-between those market conditions to maximize profits with the right stimulator.

is trading simulator mean the demo account?
this is just very new actually in crypto that a platform will provide a demo account but in the forex market, every broker will provide you a demo account.

every pro also in the forum will tell you that the demo is very different from the real market so if you wanna learn to trade, just do it at risk of money. just put a little risk so you will have some pressure that you are going to lose some amount, this way you will find a way not to lose.

With the description given by OP, it seems it's not all about the demo account.


That's all about the possible pump and dump that he's mentioning and just labeled it as a simulator which is totally different from the actual thing of what a simulator does.

If that's the simulator that he's asking, I agree to you that everyone went through the same start as a beginner and not went to a being experienced and advanced trader immediately but he's about to rely with those 'signals'.

This is the first time I will hear about crypto trading simulator so I don't understand how it works but one thing that's certain is that every service provider especially online will always hype their service in other to get more customers/users so I will advise you do it in the old fashion way but if you find too difficult then crypto trading is not for you.

And we can't learn more if we are afraid to lose a few dollars. We need to invest in this if we wanted to enhance our knowledge and gains some experience as this was a vital tool in enhancing our trading skills. $100 as the starting capital may not be big enough to lose and we can really familiar the market with that amount because if we are too careful and wise in making a decision, we can't lose that $100 instantly.
Only we need to continue doing research and watch online tutorials rather than relying on worthless signals.

I don’t believe in stimulators or trading signals. This thing doesn’t work and most of the sites offering such services such as cryptocurrency trading stimulators or trading signals services are mostly scams as no one can accurately tell the direction a trade will go. I will advise you to build the trading skills that will help you profit.

The term itself "simulator" is for entertainment and knowledge or for example sake purposes only and it couldn't be consider a signal that guarantees a profit. Just to be perfectly clear there are some signal groups that works but sooner or later after some time they'll try to ask for payment or joining in a premium group, more like it will just have a trial period. DYOR on groups that give signals and that really guarantees a profit but if I were you, you better learn it from the ground up.

I'd rather not use these signal services as they will be the reason why we just fail. Many of them had offered a promising deal but sooner or later, they'll put you into the trap and milking you fast like asking for huge payment. Actually, we will get lucky to have a signal that will works because, in the first place, it wasn't like that like it that still a sort of prediction, nobody knows what exactly happens. 

An n regards simulator, it is a need for us to try in actual trading and for the sake that we can apply our learnings.

Yeah its true specially on the time that you do rely or being dependent on it then it will really just create some more mistakes because you are relying into those signals but talking about
simulator then it is something that you are really just good for practicing your trades or simply like you are doing some demo trades which i can say to be not a bad thing.
Just dont rely on others when it comes to trading calls or signals specially there are lots of paid groups existing and people pretending that they are good or professional traders.

Most of them does that but I think there are still groups that may give you best signals but keep in mind it will be that pricey. I'd better stick with free and for the better double check it on charts so you know it by yourself if it's worth it to follow or not. It's free and at the same time you're learning.

Most beginners do tend to stick with this because they can taste that they are profitable but not all signals are perfect or do these groups, it still falls on speculation even with those fancy charts and indicators saying it's either bottom or top.

I would always recommend such things to a newbie, because it's going to help them have a clue of what crypto trading is all about. It’s always good to start somewhere and have some experience of what you are going into, that way when you start the real trading insurance seem like a new team to you because you have experienced it using a demo trading platform.

And then when it comes to choosing a platform like this that provides such services, I recommend choosing one that makes use of real time trading charts, that way you will be sure of what you are doing.   And you can as well create strategies that would work for you when you started the real trading.

Apart from giving newbies the clue, it also helps guide them to make the right trading decision, as for the risk involved, since trading stimulation is like a trading signal, it does not offer a 100% accurate trading outcome. It can only guide you.

I haven't tried that, well I think trading simulator is good to test your strategy and skill in the market but we're not sure how accurate it is not unless we really do it in the actual trading which is much better since we would really test it in the actual trade. I was curious about the crypto parrot I'll give it a visit.

Maybe just for an overview and some further introduction to trading. no need to make it a serious trade, just as a focus where at any time find the same moment in trading. Slightly effective to apply depending on how precise the mastery you have. Indeed, nothing is 100% as predicted but we can hone our skills so that beginners are more accustomed to interacting with price movements.

The truth is that I did not know that such a service existed, but the best thing I can recommend is that if you want to learn much more, you should start trading but in an Exchange preferably that has fictitious money trading, because that way you will understand and You will have access to all the tools of the Exchange and you will be able to apply the strategies, if you lose it does not matter, you are gaining experience and also learn to handle the tools offered by the Exchange very well, which, for many newbies, represents losing money by not knowing how to use it well a Stop Loss, or stop limit.

Base on my experience there's nothing wrong with this because this might help the newbies to discover and explore to the world of trading, of course, this is just a simulator still the knowledge of the traders are required to analyze and train themselves to make a trade. Trading simulators might give benefits to them but again still in the world of actual trading the risk is there they need to use their own money. In some instances in demo trading there's no fear of losing your money but in actual trading, the trader might experience different emotions and douts to their trades.

My point exactly there is nothing wrong if one can get a trading stimulator as it help guide the beginner to maximize the advantage of trading and also avoid mistakes that are associated with newbies in trading such as emotions. But my my most concern is if there is a working trading stimulator as I have not seen any most of the trading signal services always turn out to be scam at the end.

If you have doubts toward the site offering free simulator then don't try to deposit any amount to test out with real money since for sure we cannot assure our safety towards the platform we try but also if someone ask a payment regarding on the signal they give to you and claim they are the best coach existing around then never believe on them since you can learn those things by yourself and there are so many free tutorial available around so its no sense paying any single trading couch just to get signals.

This is actually a good training ground for those who want to try crypto trading without thinking of the risks associated with it. They can try to make decisions based on what others predictions are, or decisions based on what they think is the best move possible at a given moment before they decide to take it and close it. I know there are some brokers of stocks that do this on their own platform, but haven’t heard much for crypto counterparts. It’s a good sandbox environment to make mistakes and learn from the said mistakes without having to worry about losing money.

You do have your own free will on making out decisions on your own because using up your own common sense would really be enough to consider out on what things are shady and what things are worth to try.
Simulators are good if you do know on what you are doing or just simply good for you to practice on but if the time that these simulators are doing some shady stuff then thats the time you would really be having
doubts.Dont join up with those so-called paid signal groups because most of them are just scams or just really a waste of money for you to follow on.You can make your own trading analysis or decisions
basing up with your own and all resources could really be found online for free.

If you are not sure about what you should do, it is a free thing in most places. It is just a demo, go check one out and do it, if you like it then keep doing it, if you dislike it then do not do it. It is all up to you and how it makes you feel, nobody forces you to do anything you do not want to do. I personally like them, for example the first one I got into was investopedia stock market challenge, it has been nearly 12 years and I am still checking it monthly, I have made a not bad return for a long time, now I am not doing as well as I hoped but the market wasn't that great neither to be honest. Hopefully it would be wise to keep doing it and learning because I can't stop, but you should do whatever makes you feel better.