How mock trading can help first-time investors master crypto investing

economictimes.indiatimes.com:

crypto owners starting their journey last year. While most investors look to join the bandwagon, the biggest problem for users is complex information, which is scattered across multiple platforms and lack of experience in the crypto market. A mock trade ecosystem not only provides a safe paper trading tool but also educates users to start investing which is of utmost importance for a beginner.

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Starting with mock trading is the way to go for informed, and return-bearing crypto investments. Mock trading allows new investors to learn and practice crypto investing without using real money. Beginners and enthusiasts in crypto investing can learn about the ecosystem before stepping into the real market. Mock trading option along with a social network of friends and experts is the need of the hour for the crypto ecosystem. It is like Eklavya learning from gurus around him, without having one dedicated to him. Let’s look at some of the key benefits of mock trading platforms that can enable first-time investors to master crypto investing. Risk-free tool to practiceMock trading enables beginners with a simulation of the real crypto market. Since no real money is involved, they can practice their investment strategies and skills without the fear of losing their investments.Gain expertise The crypto market is highly volatile and hence the risk-reward ratio is high. If an investor can learn risk management effectively, he/she can gain sizeable returns in the long run. Mock trading not only helps with