Topic: Add these tools to your trading toolbox. (Read 570 times)

True. Babypips is originally meant for forex trading. However, the trading content is applicable to all markets so it is a good resource to learn technical analysis and get a solid grasp of the basis. Like I said earlier:



Babypips has been a resourceful and pivotal tool to my trading journal. That's why it got a spot on my list.  You should check it out and be sure to skip the forex lessons and skip to the good stuffs like indicators, Japanese candlesticks, chart patterns, proven strategies like how to setup your own trading plan or trading system.

Bituniverse is also no better than blockfolio. Bituniverse has a lot of weaknesses too, especially in the reading of coin tickers that have a lot of mistakes.



In the picture above is an asset that I have that was viewed using the Bituniverse application, but notice the balance of the USD that I have, it really does not make sense. $ 5 million is a lot of money.
If I have that many assets, of course I will be rich now.
the problem I encountered and the most fatal was the ticker reading that did not fit on some coins. Indeed there are some coins that have the same ticker but with different smart contracts.

For other Bituniverse features, it really helped me like the latest bitcoin price notifications at that time.

Nice compilation, I just recently started learning more about trading and I'm currently using the tools shared by @BitMaxz (I came a across them on an earlier thread on BnH) and they have been really helpful in my journey so far. Out of the ones you listed, I sometimes use blockfolio, but I find myself visiting it less often it recently as it develops bugs which results in wrong prices also buy/sells have to be manually entered. I'll check out the other resources you highlighted.

In that situation, if you are really interested to it, there are many ways to understand babypips. There are some platforms that will teach you how to use babypips because it will really help you in trading. This will help you to become a profitable trader as you trade with your assets.

It will make you more comfortable with your assets and it will enhance your trading skills so that you will become more effective in many transactions. In Babypips, you can learn how to communicate with other traders and share information that will help you grow a trader. If you are not learning in just reading, then seek information and watch videos related to babypips.

Thank You! I'm glad you shared your resources. I'll check them out and update OP with them so other members can easily see them. I found the github resource for learning technical analysis very informative. Thanks for your contribution once again.



Have you tried out blockfolio recently? I dropped them sometime in 2018 but I reinstalled this year and it looks like they've fixed some of the issues you pointed out. Also, they now have exchange integration which means your blockfolio gets updated in real time.

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Sorry, I know everyone can't like the same thing. Personally, Babypips has been helpful to me. I've been able to understand most trading concepts by reading the content in their school of pipsology. Also, You can explore additional resources on YouTube it'll definitely help.

Babypips sounds too complicated to comprehend, because I have an account to this platform then when I'm already inside of it,
I read all their instruction and my brain or can't reach to understand what they are trying to say on it. So, I decided, to leave and
make my own little to learn trade base on my experienced of course.

I have tried blockfolio after repeated recommendation on this forum, but not up to my expectation. One simple example is, I wanted to view my portfolio in terms of BTC rates but they are not allowing and having only USD and few other fiats alone. Also, rates of coins and few tokens are not as per where I am trading nor not getting refreshed quickly which makes unable to use them as a handy one.

Coinmarketcal might be useful for the people who are all active on trading/investing opportunities based on new coins/tokens and on developments and new announcements of existing assets. Many crypto portals are doing the same for years but if you want to filter other political things then this could be the right choice.

Babypips has been a heaven for traders and I have been using then for more than a decade. A highly recommended one even you are not active on forex trading. Tradingroom seems good on first glance, I am new to there. Let me share my experience on them later on if my time permits .

Don't forget to add this trading tool below if you want to track all of your trading history and profit. It is the best analysis tool and tax tool for crypto trading if you want to monitor all of your trading histories.

- https://cointracking.info/

And check this thread below as it has a list of good trading tools that you should have.

- Useful trading tools

And adding this good source of learning and tools for beginners who wants to learn trading without spending.

True, Blockfolio has its flaws. I've used both Delta and Blockfolio and I loved both. Recently blockfolio added exchange integrations to their app using API keys  that provides real-time portfolio update just like delta and other platforms.  3commas too, I've used it. All great products, at the end of the day, It boils down to personal preference.

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You're on point. Babypips is my goto resource for learning about technical analysis. The content there was made for forex trading. But since technical analysis is the same across all markets, the content is valid for crypto TA and chart reading. I'm still in their school of pipsology and I'm enjoying it so far.

These 3 would really be enough imho.

Blockfolio- when you are in transit or away from your own pc then you can check out your portfolio without any hassle.

Babypips- Where people can learn up trading from scratch. Basics of basics!

Tradingview - When it comes to charting etc.


There are lots of resources that can be used, its up to a person on how they do make up some searches specially if they are
on self-taught.

Well, thank you for providing these tools in trading but for me, the most important is coins price trackers and price charts to have a good insight in making technical and fundamental analysis. I used for a long time, the Blockfolio app, tradingview.com, and Coinsmarketcap.
Is social media news is a part of trading tools? How about the trading bots? --Just like twitter account of whale_alert so that we will know if there are big transactions of bitcoin that makes the market move the price. Indeed, it is a good list of you, OP.

I have ever used Blockfolio but i have never liked it. Everything has to be entered manually if you want to track your portfolio, buy and sell orders for profit or loss.

Delta app is even much better if you want to track your portfolio using API Keys. More apps that are much better than blockfolio if you want to track your portfolio using API Keys are
1.  Bituniverse - https://www.bituniverse.org/
2.  3commas - https://3commas.io/

The part of crypto and portfolio tracking is free for both apps. You don't have to pay even  a cent.

It's no longer news trading industry is one of the most demanding ones. It requires one's emotional, psychological  states and technical skills to be up to par. As a trader, it can very daunting to keep abreast of the trends in the market all times. So today, I'm sharing some tools that has aided my trading journey.

These tools won't make a 10x trader but it'll make you feel like one. Here goes.

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1. Blockfolio:
 This is one of the apps that I've come to love other the years. Asset management is a key concept in trading that every trader whether beginner or experienced should take seriously. It helps to keep track of trades – You can integrate it with your exchange of choice (Binance, Kucoin, Coinbase and more) . In addition to helping users keep track of their trades and orders, blockfolio recently introduced a feature called – "Blockfolio Signal"  which allows users to access updates from their favorite crypto/blockchain startup all in one place.

Website: https://blockfolio.com/

Alternatives: Delta app

2. Trading Room:
This is one tool I discovered recently and it has been useful in some cases. Trading room is a tool that provides trading research and education content across various cryptocurrencies. It comes pack with a price action indicator, RSI and volume scanner which shows RSI stats and volume changes for cryptocurrencies respectively. Do note that don't take the information here blindly. The idea is to get information here and use it to our advantage. It's a solid tool if used right.

🔗 Website: https://tools.tradingroom.io/

3. Coinmarketcal:
Not to be mistaken for Coinmarketcap, is a tool which should be in every trader's toolbox especially people who trades a number of alternate cryptocurrencies (altcoins for short).

What coinmarketcal does is to give you heads up whenever there's an event brewing up with a particular altcoin. By events, I mean hard/soft forks, product launch, new exchange listings, alpha release or mainnet or testnet launches and more.

Coinmarketcal is basically an economical calender that keeps track of all these events for you. It can up your fundamental analysis game.  Additionally, Coinmarketcal has an issue newsletter with top 3 coins to look out for each week which I usually find interesting (totally opinionated). You should definitely check it out.

🔗 Website:  https://coinmarketcal.com/en/

4. Babypips :
A reference material for learning about market analysis including technical and fundamental analysis. Although, it was originally made for forex trading, It can be used for learning how to trade the crypto market. Babypips has been a good tool for me.

Whenever I'm faced with a technical analysis concept that I'm not knowledgeable about, be it: Indicators, Fibonacci numbers, candlesticks,  or even advanced concepts like trading divergences, breakouts and using multiple time frames on your charts etc. Babypips is my goto spot.

You can skip the pre-school section that discusses forex related stuffs.

🔗 Website: https://www.babypips.com/learn/forex

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Have you used any of these tools?  Share your experiences. Don't forget to share other trading tools you use with the community.

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• TradingView  – A popular charting software and technical analysis tool that shows accurate market charts for commodities, stocks, derivatives, forex and crypto.
  
  🔗 Website: https://tradingview.com
  
•  CryptoCompare  – A crypto market data aggregator.
  
  🔗 Website: https://www.cryptocompare.com/
  
  
•  Shrimpy – Easily diversify, automate, earn from your cryptocurrency investments and manage your portfolio.
  
  🔗 Website: https://www.shrimpy.io/
  
  
•  CryptoPanic – Stay on top of the news from the cryptosphere. Be aware of the latest happenings.
  
  🔗 Website: https://cryptopanic.com/