How to Use the Tools in Bitazza Trading Simulator

Trading Simulator is the perfect risk-free platform for you to hone your trading abilities. Whether you're a beginner or an experienced trader, you'll be able to develop and fine-tune your trading strategies by understanding how to fully utilize these tools at your disposal. This guide will walk you through the key features and tools in Bitazza’s Trading Simulator to help you make the most of your simulated trades.

Overview of the Dashboard

When you open Trading Simulator, you will see the dashboard, which provides an overview of your trading activity and performance. Here’s what you need to know:

• Portfolio Size: Displays the value of assets in your simulated portfolio.
  
  
• %PNL (Profit and Loss Percentage): Tracks the percentage change in your portfolio’s value over time.
  
  
• Shortcuts: Direct access for trading, market tab, detailed statistics and competition rules.
  
  
• Activity Log: Keeps a record of your recent transactions such as buys and sells.

Tools and Features Breakdown

Market Tab

The Market Tab is where you can view the various simulated trading pairs using the simulated USDS currency, such as BTC/USDS or ETH/USDS. Here's how you can use the Market Tab:

• Price Movements: Track real-time price changes of different tokens.
  
  
• Volume: Monitor the trading volume for selected pairs.
  
  
• 24-Hour Change: Analyze long-term market trends by reviewing the 24-hour price percentage changes.

Understanding these metrics is crucial for identifying trends and making informed trading decisions.

Trading Interface

Trade Tab

You can place buy or sell orders for your chosen token in the Trade tab. Here’s how to navigate this area and what each function means:

• Order Book: View the current bids and prices to gauge market sentiment.
  
  
• Price Chart: Adjust the charts according to timeframes (e.g., 1H, 4H, 1D) to analyze price movements more effectively.
  
  
• Buy/Sell Options: Execute your buy or sell orders by entering the amount you wish to trade.
  
  
• Limit Orders: Set specific price points for buying or selling. You can use this tool to automate trades at your desired price level.
  
  
• Market Orders: Quickly buy or sell at the current market price for instant execution.

Portfolio Management

Portfolio Tab

The Portfolio Tab provides you with an overview of your Trading Simulator holdings. You can track various assets (e.g., BTC, ETH, FDM) and monitor your remaining credits. Use this tab to stay on top of your simulated portfolio performance.

Leaderboard and Ranking

Each season of the trading simulator tournament features a leaderboard, which will show where you stand among the competition. The top 5 participants for each season wins exclusive rewards, while the top 100 share from the prize pool. The rankings are based on profit and loss percentage (%PNL), so the higher your %PNL, the higher you rank. Use this tool to keep track of how you compare to other traders in the tournament throughout the season. Rankings are updated regularly, so monitor your progress regularly.

User Profile and Performance Metrics

The Profile Tab provides key metrics to monitor your individual performance over different periods such as:

• Cumulative Performance: Track your performance over different timeframes (1D, 7D, 30D).
  
  
• All Time %PNL: See your overall long-term trading performance.
  
  
• Statistics Tab: Review additional metrics such as your longest winning streak, highest daily gains, and total traded volume.

Understanding Tournaments and Rewards

Here's how you can maximize your rewards and enjoy the ultimate trading simulation experience.

• Tournament Rules: Each trading simulator tournament season lasts for about 2-3 months but participants are free to join any time. However, be sure to participate before specific dates for higher chances to qualify for rewards.
  
  
• Rewards Structure: The top 5 participants win exclusive rewards while the top 100 share from the 7,000 FDS prize pool. More FDS leads you to more rewards, so stay motivated and aim for the top!

Start Trading Risk-Free Today Ready to apply these tips? Join Trading Simulator Season 4 today, and put your skills to the test! 

Download the Bitazza app and join Trading Simulator Tournament Season 4: https://bitazza.onelink.me/YsZ4/xua047tn 

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