Why practise on crypto in simulation first
- The market never closes: cryptocurrencies trade 24 hours a day, 7 days a week. You can practise in the evening and at weekends, but liquidity (how easily you can buy or sell without moving the price) is often lower then.
- Volatility is high: moves of several percent in a day are common on Bitcoin, even more so on Solana. They make risk management concrete very quickly (see what is Bitcoin and what is Solana).
- A mistake costs nothing: forgetting a stop or miscalculating a quantity shows up in the journal, not in your bank account.
What a good simulator should offer
- Real, timestamped prices, not a replayed or made-up chart.
- Both directions: buying (LONG, betting on a rise) and short selling (SHORT, betting on a fall), to learn the difference.
- A stop executed automatically, even when you are not in front of the screen.
- Simulated fees: a simulator without fees flatters the results.
- A journal that also keeps the losing trades and measures each result against the planned risk.
What BULLSAGE Paper Trading does
With a free account, you get €10,000 of virtual money to trade BTC, ETH, SOL and HYPE on real prices. Every order requires a plan: direction, quantity, mandatory stop, target. The stop is monitored continuously and triggered automatically. A timer can alert you with a beep, or close the position, once the chosen duration has passed. Closed trades feed a journal.
Fictitious exercise on SOL
- Virtual capital €10,000, chosen risk 1% = €100.
- Planned buy at $150, stop below the recent low at $145: $5 of risk per SOL.
- Quantity: 100 ÷ 5 = 20 SOL (assuming $1 = €1 for simplicity).
- If the stop is hit: −€100, i.e. −1 R (R being the planned risk). If the $160 target is reached: +€200, i.e. +2 R, before fees.
The limits of any simulation
A virtual balance is not frightening. Decisions taken in simulation are not subject to the stress of a real loss, and not always to the partial fills or slippage (the gap between the expected price and the price actually obtained) of a real order book. A winning streak in simulation is therefore neither a forecast nor a green light to move to real money. The guide paper trading: learning with a simulation explains the method in detail.
Where to start
First read what a stop-loss is and how to read Japanese candlesticks, follow the free path in the Academy, then open your first virtual positions. The full path is in learn trading from A to Z.
This article is educational and is not investment advice. Crypto-assets are highly volatile: you can lose all the money invested.
Get the trading plan kit (PDF)
The plan to fill in, the eight questions to ask before acting, the position size calculation and a journal template. You will also be told when the platform opens, on 1 January 2027.