Bad Trading Days: The Healthiest Way To Approach Trading Losses
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Understanding The Botwars Trading Rooms And How They Are Different From Other Social Trading Platforms
December 16, 2019
Anyone new to the world of trading will likely be thinking about how to master the market as quickly as possible – whichever trading platform you choose to use. We believe that one way to master trading in a quicker, easier – and most importantly, fun – way, is to enter the world of gamified trading.
What is gamified trading?
Gamification is simply the process of applying techniques used by games designers to more ‘serious’ work; with the aim of making it more productive, engaging and enjoyable. So, when we apply gaming techniques to the simulated world of trading, it makes it both more financially safe (by using things like our demo mode), and more engaging and stimulating.
What is Botwars?
Botwars genuinely offers a fully gamified trading experience, it is as close to an RPG strategy game as you can get while still being a currency trading simulator. We’ve created a unique hybrid which combines both casual and financial simulation games. It requires a mix of skill, chance and strategy to win and progress through the ranks of both simulated or real derivatives trading.
How can you progress?
Mastering the markets or battlefields in Botwars opens up progressive worlds to conquer and master, some riskier than others. Botwars forces you to start small and learn the ropes by using our demo app, this allows you to practice virtual trading without risking real money.
The demo trading account has all the main features of a real trading account but allows you to master what most trading platforms and brokers would class as ‘advanced order types’. In Botwars, we treat setting take profit and a stop loss is a minimum and a must-have. These are the fundamentals of risk management, without having a set goal and a set expectation of loss you are wildly exposed as a trader, and this is where so many retail traders initially go wrong.
Once you’ve proven that you can handle managing low risk/reward ratios, you can progress in Botwars and level up your character and items in order to be able to increase trade sizes and risk/reward ratios.
Why is Botwars different than other trading platforms?
Traditional trading rooms are very passive and typically boring for most traders observing, but Botwars gives them a new way to engage, learn and trade. Not only are there new markets to conquer in Botwars, but there are also new weapons, shields and add-ons to find, as well as different characters to play and trade with. The definitive real-time gamified cryptocurrency trading app on mobile allows you to trade anytime, anywhere – meaning there’s space for faster progression.
In Botwars, weapons represent the trading order type, such as Limit, Market, Stop, Trailing, Scaled order, fill or kill, and hidden orders to name just a few. Combining these trading types with weapons allows players to learn new social trading skills, unlock powerful new units and discover advanced ways to dominate the global battlefields.
We created Botwars as a way to teach players how to trade by playing a game, so if you want to see what it’s all about, why not get started today? Botwars is available to download on Google Play here, and the Apple App Store version is available via TestFlight.
