You want to start trading cryptocurrencies, but you don’t want to risk some cash. That’s great. But, in the financial markets, how do you go about doing so? Furthermore, how does this condition interact with the various types of strategies that are currently available in the crypto trading bots markets?
Napbots enable you to experiment with your automated tools to see how they do in a virtual money world.
This method is brilliant because it allows you to save money while still allowing you to see tangible outcomes without having to risk major money in a real-world setting.
It’s risk-free and will help you develop your trading skills. Let’s take a closer look at the free trial/test mode.
With Napbots, the trial period is unlimited for simulator mode. This function lets you carry out trading by letting you practice with fake funds in an environment that resembles a real crypto market environment.
A trader would use a cryptocurrency demo account to access a trading platform, but instead of using actual money, they would use a set amount of fake money to make transactions. The trader have fake virtual funds of around $10,000, $20,000, $40,000, for an unlimited period.
The beauty of a trial account is that it allows you to trade real money in accordance with the market while still allowing you to track your progress over time. But keep in mind that this is a fake account, and any crypto profits you make, as well as any losses you incur, are also fake.
We provide a test mode for Napbots because, unlike paper trading, where you will not be able to see how fast you should move to catch an opportunity, the simulator mode allows you to see how the markets operate by inputting trades and observing them be fulfilled. It is a slight nuance, but it is important to keep in mind.
With paper method, you may also be selective in what you observe from your experience. You might keep track of the wins but ignore the losses, which isn’t going to benefit you at all.
To sum, the Napbots free trial helps you to practice trading without risking any money. However, you can obtain core competency and strategic objectives in a real market.
After you’ve verified that the strategies indeed work for you, you can upgrade to one of the paid subscriptions. It will cost between 7 and 99 euros per month, as seen below.
For more details, explore Napbots pricing!