Topic: Best trading tool for crypto (Read 450 times)
The best trading tool for crypto is the one that offers the best posibilities and, of course, MintMe is the right one.
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There are indicators in the exchanges, you just have to use the advance option and from there you can use the Moving averages, RSI and MacD. These tools aren't very much helpful to me but I guess this will help foresee what could happen if there are not fuds being spread. RSI seem to be best if scalpers.
At least, by using these tools, we can know the real situations in the market so we can decide what we can do. I think it is enough to use that indicator to trade, watch the market because that indicator can give the information to us, and sometimes, we can get new info about entering the market. But that will depend on how we can understand how to analyze using each indicator.
I had used a trading bot for my trading crypto as a trading tool last few months but now I temporarily stopped for being lack of financial support. For me, the best trading tool is trading bot, it takes more advantages when you have set when to sell and buy. You can still monitor them but by the help of trading bot, you did not keep monitoring 24 hours. Indicators might get wrong there's no perfect answer on that, so I won't consider as a tool.
There are many quality Crypto Trading Tools out there so we just need to work towards making use of only the very best to be able to succeed. There is just no way we can move smoothly without having a quality way to work through and therefore, it should be amongst our top most priorities to ensure that we use tools that are entirely convinced about, as anything less is just going to make things unnecessarily difficult for us.
The best way to trade with crypto is using the Bitmex exchange I have been using it for over a year and I am fine, it allows levers up to 100 but I usually only use up to 10 attention with the Crypto never use levers too high
I am so surprised that there is no charting tool yet in crypto you can work with. If you compare with fx, crypto charts are like child toys. I know we are still at a beginning but still, there is a lot of money there and curious how others read the charts?
I am only long in crypto just because I imagine what can happen if market cap go x10 only. I admit i made some trade, but only a part of my asset. I will stick to my fx strategy, I just found some nice strategy that works for me.
The only proper charting is on trading view for crypto. But not all coins and tokens there.
I hate that fx tools provide charting only from Mon-Fri.
I am only long in crypto just because I imagine what can happen if market cap go x10 only. I admit i made some trade, but only a part of my asset. I will stick to my fx strategy, I just found some nice strategy that works for me.
The only proper charting is on trading view for crypto. But not all coins and tokens there.
I hate that fx tools provide charting only from Mon-Fri.
Well, I know one good tool for crypto. It's not quite a charting one but informative, still, I think you can use it in your daily trading routines. It's CEX bot - https://t.me/CexIoInfoBot, and with its help, you can track the market situation and price movements of cryptos 24/7.
There are indicators in the exchanges, you just have to use the advance option and from there you can use the Moving averages, RSI and MacD. These tools aren't very much helpful to me but I guess this will help foresee what could happen if there are not fuds being spread. RSI seem to be best if scalpers.
I also often use graphics as a market benchmark whether to be taken to a place where the trend occurs in a few moments with others, indeed the graph is very common and good for those who really understand it with not too many tools to trade Bitcoin, everything returns to taste each person about how to use the market and good momentum when the market fluctuates quickly, that's what I do without needing a lot of other equipment.
tradingview works perfectly for me. I personally think all the tools you need to become a professional crypto trader can be found on tradingview. As for me, I don't trade tokens that I don't find on tradingview. when a token is not on tradingview, it only means that there is not enough data for that token or tradingview does not have the API for the exchange that holds that token. hence, I simply assume that those tokens that are not listed on tradingview are not mature enough for me to trade and I tend to stay away from those tokens.
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Generally I am using the official chart of any exchange and it helps me a lot sometimes. And sometimes I don't understand what the charts predict . Then I try to use trading view. It also helped me very much. And I think trading view is better when you analysis a long germ chart of any crypto. And for short term official exchange chart is better IMO. Thanks
and the worst part is this could be considered as a pyramid scheme the last one to buy would surely suffer.
It can only be assumed to be a pyramid if signal only comes for unestablished coin or I wouldn't buy a coin that is not decentralized and popular too.
yeah you right about that but for me i use the trading signal not for every given signal
so after they given signal in the channel i usually try to do my own research, so after i think that the signal is good enough then i bought and hodl for half day or 1 day
so after they given signal in the channel i usually try to do my own research, so after i think that the signal is good enough then i bought and hodl for half day or 1 day
I also don't see something wrong with using signal from a telegram group or other group if you do your research and verification as you said.
Trading signals are used everywhere. Forex traders use them all the time, why cannot cryptocurrencies traders do it as well? However, you must understand that the final decision is taken only by you.
I am not much like a statistical trader so I don't use much tools while trading other than the price charts,just assuming the market movements based on my own opinion and also I am using RSI,Bollinger bands,
I'm assuming that you are talking about softwares related to to the financial markets being sold by institutions like Bloomberg, Factset, Capital IQ, and of course Thomson-Reuters. Well if that's what you are talking about then I'm afraid that it wouldn't even help you in any way if you don't even know how to use them in the first place. Even if these companies have provided a crypto-based version of their software I don't think that they will know more than what we already know. Trading View's charting website is alread sufficient together with your TA knowledge to survive the market.
I am not the type of person who likes trading tools. in my opinion simple trading will make me feel satisfied and make me feel free in making various decisions. Normal trading will give me complete control, different when using trading tools, we cannot make decisions freely. we must learn to do analysis and that is why a trader must always hone his skills well continuously. the ability of a trader will increase when the trader always adds the ability and experience he has.
All my trade are done manually and it helps me a lot in making new choices when the market starts to decline. The tool is only a small part of this market and should not depend on it because it will definitely soon die and you will have a big loss if you trust it. I personally believe in myself and make analysis of this market as safely as possible. Market is always changing and everything is not stable at crypto 
A nice addon at TV is the "Backtester" Allanster coded. It does what the name sais: you can "backtest" various TA strategies and see their ROI...
Especially nice if you use it in conjunction with Gunbot and automate your trades accordingly...
But, mind you, both tools are not free. (As any good tool isn't.)
Especially nice if you use it in conjunction with Gunbot and automate your trades accordingly...
But, mind you, both tools are not free. (As any good tool isn't.)
Honestly, I never felt the need to use any of these tools a lot while trading since I don't day-trade and am primarily a long time HODLER, but I did hear that Trading view is one of the best tools in this aspect which is why I suggest sticking to it instead of relying on other tools.
many people i know that trading in exchange suggest me to use Trading View for but i don't know how to use that
for me, i usually trading using a signal given by the channel that i joined in the telegram and by using this i usually got profit by 10 ~ 30% profit
for me, i usually trading using a signal given by the channel that i joined in the telegram and by using this i usually got profit by 10 ~ 30% profit
Better not rely too much on trading signals on telegram. It's their way of earning so you better look for another reliable source. As for me, it's still better to trade without following any chart or signal because you will be able to trade freely and you will learn from it as well. The basic way of trading is still better.
I am so surprised that there is no charting tool yet in crypto you can work with. If you compare with fx, crypto charts are like child toys. I know we are still at a beginning but still, there is a lot of money there and curious how others read the charts?
I am only long in crypto just because I imagine what can happen if market cap go x10 only. I admit i made some trade, but only a part of my asset. I will stick to my fx strategy, I just found some nice strategy that works for me.
The only proper charting is on trading view for crypto. But not all coins and tokens there.
I hate that fx tools provide charting only from Mon-Fri.
I don't think crypto chart is like a child toy just because you are using charts for foregin exchange. Foreign exchange's tools for chart are too many compare to crypto; it takes time to learn most of them and sometimes you really need to read a book for better understanding. Meanwhile in crypto, tools and indicators are not that complicated; it's somehow similar on what we are using in stock exchange. Anyway if you are looking for the best way in charting altcoins, you may use Tabtrader; it's quite similar to tradingview but it offers more altcoins' chart. I am only long in crypto just because I imagine what can happen if market cap go x10 only. I admit i made some trade, but only a part of my asset. I will stick to my fx strategy, I just found some nice strategy that works for me.
The only proper charting is on trading view for crypto. But not all coins and tokens there.
I hate that fx tools provide charting only from Mon-Fri.
I am not the type of person who likes trading tools. in my opinion simple trading will make me feel satisfied and make me feel free in making various decisions. Normal trading will give me complete control, different when using trading tools, we cannot make decisions freely. we must learn to do analysis and that is why a trader must always hone his skills well continuously. the ability of a trader will increase when the trader always adds the ability and experience he has.
I admit i made some trade, but only a part of my asset. I will stick to my fx strategy, I just found some nice strategy that works for me.
I believe that is one good way to trade too. If a trader identifies a particular trading pattern to be profiting, then that is best pattern which is better to stick with rather than seeking another pattern because there is actually a weakness in someone's too.
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