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Catalin
Published On: May 2, 2024
6 min

Easy Guide to Crypto Futures Paper Trading with Altrady

Paper trading is a practicing technique new traders use to gain experience with their trading skills and gain experience.

Various crypto trading platforms, like Altrady, support futures paper trading with valuable features. Altrady has everything you need to have a smooth, advanced, and successful trading experience.

Easy Guide to Crypto Futures Paper Trading

Key Takeaways

  • Futures trading is an agreement between two parties in which one party sells an asset to the other party at a set price in the futures. Investors use it as a risk management strategy against price fluctuations.
  • Futures trading is complex and requires an understanding of market trends, data, and risks. Both novices and pros can gain experience in it through paper trading.
  • Paper trading is done with fake money. It is safe for traders of all experience levels to buy or sell contracts in a risk-free virtual environment.
  • Altrady is a crypto trading platform that provides its users free trials and paper trading plans to practice futures sale and purchase. Create a free account on it to explore its features in detail. 

Understanding Crypto Futures Paper Trading

Understanding Crypto Futures Paper Trading

Futures trading is done between sellers who sell assets and buyers who buy them at a fixed price, no matter what their market price is. Futures contract assets can be cryptocurrencies, interest rates, commodities, and more.

Futures contracts are managed on exchanges. Their prices fluctuate daily based on various factors. Traders closely analyse these changes to decide when to buy or sell a contract.  

Futures trading can be tough because of the highly volatile environment. Traders need to make quick decisions to make profit or reduce loss.

This kind of trading also allows you to take leveraged trades like X5 X20 X50 or even X100, but that comes with even higher risk/reward. That's why Demo trading is so essential for practising.

New traders should practice their futures trading skills in a risk-free space where they can trade with the fake money. Step into the real market after acquiring plenty of confidence in your skills and methods.

*Note - paper trading with Altrady is Spot only at this time. 

Provider

Bank Transfer

Visa/

Mastercard

Available Cryptocurrencies for Futures Paper Trading

Altrady - Ideal for day trading, semi and full automation 

*Spot markets only at the moment 

YES

YES

All the cryptocurrencies available in Binance, KuCoin and Bybit / 3000+ coins
Binance - Futures and Spot Paper Trading

YES

YES

Bitcoin, Ethereum, Cardano, +500 more
Bybit - Advanced Trading Functions

YES

YES

Bitcoin, Ethereum, Ripple, +1,100 more
KuCoin - Perfect Imitation of Market Environment

YES

YES

Bitcoin, Ethereum, Monero, +700 more
Kraken - Best for Futures Trading

YES

YES

Bitcoin, Ethereum, DASH, +200 more
Bitfinex - Practice Trading in Different Areas

YES

YES

Bitcoin, Ethereum, Monero, +170 more
BitMEX - Best for Crypto Derivatives

NO

NO

Bitcoin, Bitcoin Cash, Dash, +7 more
CryptoHopper - Ideal for Crypto Bots

YES

YES

Bitcoin, Ethereum, Litecoin, +600 more
TradingView - Allows Tracking Multiple Strategies

YES

YES

Bitcoin, Ethereum, Binance Coin, +300 more

Altrady’s Features for Paper Trading

Altrady’s cutting-edge technology simplifies the trading process and helps users trade smarter. Join this platform to take advantage of its features like:

  • Real-time market data: Analyze the real-time data to learn about market trends and volatility. Find out how different methods and techniques would perform under different market conditions.
  • Numerous exchanges: Try multiple exchanges at a time without having to open another window. Altrady lets you trade on various exchanges with ease.
  • Simulation interface: Altrady provides a safe space that resembles the real market in numerous ways. You create an account, place an order, and analyse positions as you would in a live market.
  • Performance tracking metrics: Use these tools to see how your strategy is performing. Is it generating promising results? What is the percentage of successful trades? Find answers to all these questions and more with tracking metrics.

Learn more about Altrady’s paper trading feature here!

Altrady’s Features for Futures Paper Trading

Starting Out on Altrady

Planning to give Altrady a tray? Follow these steps to get started: 

  1. Enter your email and password to set up an Altrady account. 
  2. Open the trading section and create a paper trading account. 
  3. Choose a desired exchange and customise all the settings. 
  4. Start practising futures trading with virtual coins.  

Explore Altrady to see how it can make trading smarter, easier, and smoother for you. Watch its YouTube videos, and read educational resources to get more information about this popular platform here

What sets Altrady apart for Paper Trading?

Altrady is better than other trading platforms in multiple ways. For instance, it provides a user-friendly interface that helps traders navigate through different settings and meet their trading goals fast.

Its advanced analytical tools are not easily available on many other crypto trading websites. You can log in to this platform to use these tools and identify growth opportunities. Get its educational resources. Stay up-to-date in an ever evolving market and make informed decisions on time.

Moreover, Altrady's platform is designed to seamlessly transition traders from spot trading to futures trading. By honing their skills in the spot markets through paper trading, users can effectively prepare themselves for trading futures contracts with confidence and competence.

Features for Futures Paper Trading

Conclusion

Futures paper trading is an effective way of practicing trading methods in a risk-free environment. Use virtual money to buy or sell contracts without fearing financial damage. Practice trading until you gain experience and knowledge required to become a pro.

Whether you are a newbie or an expert, Altrady has something for everyone. So, do not delay your trading success any more. Register on Altrady today to take full advantage of its advanced tools and trade confidently. Make informed decisions and watch your trading dreams turn into a reality!

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Catalin

Catalin is the co-founder of Altrady. With a background in Marketing, Business Development & Software Development. With more than 15 years of experience working in Startups or large corporations. 

@cboruga
@catalinboruga5270

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