Cashout – A Real Time Currency Exchange Game

Overview –

We all love playing games on our mobile phones, mostly for our entertainment. If a game helps you learn a new skill for spending some playing time, things just get better. If you are planning to learn the skill of currency trading to make some additional cash, you don’t need to learn using actual currency no longer. After the release of the Cashout App, all you need to do is make sure that the Cashout virtual currency trading app is installed on your smartphone. Spending some time playing Cashout will give you good experience of the currency trading markets in a fun and engaging manner.

Cashout is a real time cash trading game where you can get to experience all the facets of trading real money but on a virtual platform. If you fear that the experienced sharks in money trading ocean will eat you alive, the small fish, when your trading life has just begun then Cashout can help turn that fear into confidence. Cashout will give you the experience and thrill of the real time trading would with dynamic pricing as you get to make profits at the touch of a button. You get the opportunity to battle against friends and traders all over the world and rand yourself according to the profits you have earned. In case you run out of money you also have options to get extra credits. When you create your account, you will receive a fund of rs $10,000 to start your virtual currency trading career.

The objective behind making Cashout is to help the user understand how trading in the real world works, so you get to learn all the rules and moves of money before you think its time to try your hand at trading with some real money. According to the official website you will not have to shell out money to use cashout. Also your capital, that is your real money, remains safe as you do not trade in real currency.  The aim of Cashout is to help the user understand in an easy and engaging manner how currency trading works, so that you can learn the in depth details about foreign exchange and currency trading before you decide to move on trading real money.

Android users will not be use this for now as it is only available to iOS users. They will be launching their beta version in a short time as per information available on the Cashout official website.

Features –

Active trends –

This gives you a real time graphical plot of your trade vs time. You get to observe as your profit and loss changes in a real time situation.

Market Windows –

In this screen you get the option to select from the different options of currencies that are tradable on cashout. Though most of currencies have been covered, the list is not exhaustive.

Against each of the currency pair you will be able to see the measure of volatility in a bar, giving your good insight of the value of a certain currency is fluctuating. Usually more volatility in a market or currency is  due to higher number of traders, meaning more action, and higher stakes. By default, the cashout app ranks the currency pairs according to their decreasing volatility.

The Arena –

This is the gaming feature in this app, there are overall three kinds of battles – Mega Battles, Mini battles and Lot battles.

Everyone participating in the trade off start with equal currency. The leverage Value is the locked and the time of the game is fixed at 600 seconds. But you do get to choose the currencies that you want to be dealing in and you can make as many trades as you want to during any battle in the arena. In the end who comes out trumps should be an engaging experience. The winner in each battle will be taking home a great bonus from cashout in the form of virtual cashout trading currencies.

The chart –

This is the screen you will be visiting the most number of times as this is the graph that helps you decide on the trade to make on a certain a currency. This chart will give you a very intuitive representation of how the currency value has been changing with the time, helping you predict if the currency is going down or up. Made simple but it remains up to you to infer the chart well and deciding how much money to trade to make a neat profit.

The game becomes more real because the app uses real time foreign exchange rate from the real markets. The currency values plotted in the data used to plot the charts is live, accurate and reliable.

The timer –

For gamification of the app this feature has been added. This is used to fix the maximum amount of time the user has to complete a trade. Not a real time situation, this feature might make it more interesting by helping your make quicker and prompt decisions. According to the developers this feature is exclusive and unique to cashout.

Cashout Currency –

As the main motive of the Cashout team for making this app is to help people learn the skill of trading the currency, there are several ways to earn the Cashout currency which helps you give your trading currency balance a boost when in need. Also this ensures that users don’t have to spend a cent to earn any extra trading currency.

Bottomline –

We will be waiting eagerly for the release of the next version the Cashout app to try hands at some currency trading. The idea does sound good as real time market values used in the app can also help you make some money by taking some good trading decisions with the help of their intuitive graphs and charts. If you can actually learn a skill as useful as currency trading by playing a game, we say it’s a good effort. Cheers for the entire Cashout team.