Learn and Play the Trading Game with No Money and Win Prizes with SanR and Leofinance!

Financial markets education is what most people who join the crypto space lack when they first arrive.

Most of them - including the ones with some experience on other financial markets - don't do very well during the first years (cycle) they spend in crypto.

Leofinance made some time ago a partnership with SanR, a platform that offers a way of "learning by doing" about trading crypto, without using any real funds (actually, no funds at all).

What they use is signals. What on a trading platform you would do using orders or limit orders, here you do using signals.

But before we get there, you need Metamask or WalletConnect to login to the platform. They also have their own L2 blockchain (no fees), and you'll need to add it to Metamask to be able to add or close signals. I also used a separate account on Metamask than the ones with real funds in them to sign in to their platform, but it's up to you.

You'll have a little intro video waiting for you when you first log in explaining how to set up signals. It's quite easy and the video is easy to understand, in my opinion.

The platform has support for different clubs. Leofinance is one of them, the biggest from what I've seen.

And for each club there is a sort of trading competition going on, based on percentages won/lost for the signals everyone has opened (and closed).

Does this explanation make sense?

If not, let's give an example. Let's say you open a signal for HIVE/USDT at 0.3700 and close it (take profit) at 0.3900. That's a 5.4% gain.

And let's say you also have a BTC/USD signal opened at 31400 and it is now 31300. Signal not closed yet, and your sentiment was bitcoin will rise.

In real-time, your BTC/USD signal is losing -0.32%. Overall, your current performance is 5.4-0.32 = 5.08%.

I opened (and closed) a few test signals today after joining.

One more thing. Leverages between 1x and 10x can be used for these signals, but they work by opening multiple cloned signals, which simulate a leverage effect.

These trading competitions are held in epochs of 28 days. You have 14 days to open (and close) signals and 14 days only to close them (and open for the next epoch, if I understood right).

The current epoch (like seasons in Splinterlands) is 35. I don't know if there are prizes regularly added for every epoch, but for this epoch, winners share the prize pool of 2000 LEO and 2500 SAN (the platform token).

I saw the platform token SAN can be staked, but I don't know if you can trade it for something else or where. But the LEO prizes sound nice!

You can join SanR Leofinance Club from here. It seems fun and you have nothing to lose, but can learn a lot about trading crypto.

Posted Using LeoFinance Alpha

Posted Using LeoFinance Alpha