Tools to improve your trading - page 2.

cryptoblazter

full member

Activity: 421

Merit: 100

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

Let me know what you think, and if there's something else I should try.

There are many tools that can be use, and one of this in my opinion is trading views, all the things need was there already in trading views.
then the rest of them I'm not quite quite familiar with it. But all I can say is that you need to know well about the coin you are going to trade in the platform.

Rebisco

full member

Activity: 650

Merit: 103

Quote from: ?? on ??

I did used trading view only from OP's mentioned tool and I does have all the trackers and indicators which is enough for a trader.Is there any video articles to improve our trading strategies,please mention it here if you guys found any.

Tradingview is a good source of information and trading setups. There are many professional traders who are sharing their opinions and their past trading transactions. I actually learn many setups by just reading in tradingview.

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: mascherono on October 19, 2019, 10:47:09 AM

Looks like a good thread and you are on the right track. As a starter, I have been searching for something which is reliable and affordable. I didn't use any kind of tools yet. But I have heard a lot about tradingviews. Will definitely give a try this one. Thank you!

If you are thinking about stepping into the world of trading, then you cannot simply put some money in your pocket and set on a voyage of joining different exchanges in the ocean of crypto market. Even if you are executing trading on some famous exchange, still you need some help to examine the future of your coin such as going for views of other traders.

mascherono

newbie

Activity: 88

Merit: 0

Looks like a good thread and you are on the right track. As a starter, I have been searching for something which is reliable and affordable. I didn't use any kind of tools yet. But I have heard a lot about tradingviews. Will definitely give a try this one. Thank you!

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: logicgate on October 18, 2019, 01:16:37 PM

Quote from: Bob Smith on October 18, 2019, 07:45:07 AM

Quote from: jhonjhon on October 13, 2019, 11:03:40 PM

Tools are good as a reference of your trading decisions but don't be too dependent on tools because you might as well not learn anything in trading. Personally, I don't use those tools always because sometimes it frustrates me that something happened and I don't understand some parts of it. Also not all tools works for you so better make one for yourself. Besides, the longer you are expose to trading you got to learn more and create better strategies that you can use and that will also work for you.

That’s the major mistake traders make, they blindly follow other’s profitable strategy thinking that they would also get profits. They need to know that every market condition is not the same and they must create their own tools and trading methods to suit their own trading needs.

Exactly not all traders are the same better to follow your own strategies and your own way of trading. There are a lot of ways for trading try best one is to buy at low then trade for long-term. When you listen to other people they will always get scammed that’s why just keep learning trading to the highest level the more you learn so it will improve your skill and focus on making your own strategies instead of following other blindly.

Trading tools are good way to learn trading, and I believe that the more you are trading, the more you are learning, so better to use the suggested trading strategies, because as time is passing by, you will have your own strategy, so it is better to try everything until you have come up with your own strategy.

South Park

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Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: syamster on October 17, 2019, 02:08:44 PM

Yes the first thing to keep in mind for trading is the ‘Right Time’, a trader should be too much attentive that he must know the right time of buying and selling of coins because the market could be anytime green or red, in case of red a traders should buy coins and in case of green he should sell it. The second thing is knowledge about the coin which he trading because some coins earn more profit while others earn very less.

Getting your timing right is probably the most difficult task that we face as traders, many traders love the idea to buy at the bottom and sell at the top, but how do you know that we have reached the top or the bottom? The truth is no one can, so regardless of whatever strategy you are using to make money in the markets you must leave a margin of error and your system must allow you to withstand some losses, while this may seem simple you will be surprised by the amount of traders I have known that depend on always being right on their trades and anything less than that means that they eventually lose all their money.

logicgate

sr. member

Activity: 994

Merit: 252

Quote from: Bob Smith on October 18, 2019, 07:45:07 AM

Quote from: jhonjhon on October 13, 2019, 11:03:40 PM

Tools are good as a reference of your trading decisions but don't be too dependent on tools because you might as well not learn anything in trading. Personally, I don't use those tools always because sometimes it frustrates me that something happened and I don't understand some parts of it. Also not all tools works for you so better make one for yourself. Besides, the longer you are expose to trading you got to learn more and create better strategies that you can use and that will also work for you.

That’s the major mistake traders make, they blindly follow other’s profitable strategy thinking that they would also get profits. They need to know that every market condition is not the same and they must create their own tools and trading methods to suit their own trading needs.

Exactly not all traders are the same better to follow your own strategies and your own way of trading. There are a lot of ways for trading try best one is to buy at low then trade for long-term. When you listen to other people they will always get scammed that’s why just keep learning trading to the highest level the more you learn so it will improve your skill and focus on making your own strategies instead of following other blindly.

debitel

jr. member

Activity: 80

Merit: 1

Quote from: WickCrypto on September 30, 2019, 02:36:27 AM

With my goal of becoming a full-time trader, I have recently spent a lot of time researching different tools. I learned that most tools are just ways to earn easy money for the creator, but there are some that truly make a difference.

In order to save your time, this is my shortlist of the four things I use most, and that have given me the most value:
- TensorCharts (https://www.tensorcharts.com/)
- 100eyes Crypto Scanner (https://www.100-eyes.com)
- CryptoPanic (https://cryptopanic.com/)
- Tradingviews Ideas (https://www.tradingview.com/ideas/crypto/)

Also, I wrote an article summarizing how I use them:
https://medium.com/@100eyes_crypto/4-tools-for-the-modern-crypto-trader-4ea13cd3130a

Let me know what you think, and if there's something else I should try.

Cryptopanic is definitely one of the best sources to track abundance of information and Tensor charts is one of the best for tracking charts. Found a platform (free tier avaiable) with nice array of tools, what do you think? https://newscrypto.io/

Bob Smith

newbie

Activity: 22

Merit: 0

Quote from: jhonjhon on October 13, 2019, 11:03:40 PM

Tools are good as a reference of your trading decisions but don't be too dependent on tools because you might as well not learn anything in trading. Personally, I don't use those tools always because sometimes it frustrates me that something happened and I don't understand some parts of it. Also not all tools works for you so better make one for yourself. Besides, the longer you are expose to trading you got to learn more and create better strategies that you can use and that will also work for you.

That’s the major mistake traders make, they blindly follow other’s profitable strategy thinking that they would also get profits. They need to know that every market condition is not the same and they must create their own tools and trading methods to suit their own trading needs.

Herry Toms

jr. member

Activity: 236

Merit: 1

Believe me or not but if you going to consider technical indicators as a tool of improvement you will regret it later. Because Techincal indicators work on fixed methods they don't behave from a "just now" moment. I think what you need to learn to improve your trading is, some good books such as Trading in the zone to improve your trading results.

Pelunize12

sr. member

Activity: 658

Merit: 251

cryptoXscanner is tool which very usefull for me. From that tool, i can know many things in real time live
such as buy volume in short time, sell volume, 5 change, etc, which isnt available in the exchange

Darooghe

sr. member

Activity: 1120

Merit: 255

I highly recommend Haasonline If not for the automated trading, then amazing tools and dashboards with all my exchanges API connected, it also notify's me when new coins are listed other other news in feeds, well worth the license costs. Exodus for local storage and some wallet from projects themselves. Can't forget just plain ol' Excel for keeping records and blockfolio. Have many other apps but do not use as much platforms like slack, telegram and such, Twitter, Facebook, YouTubers, and Bitcointalk of course.

Coinigy is also a great trade platform that you can perform all tasks in a single pane of glass. They also have a great podcast on YouTube where they bring a seasoned trader on and he goes over technicals.

Battareus

hero member

Activity: 826

Merit: 501

Quote from: dark08 on October 18, 2019, 02:24:11 AM

Quote from: glendall on October 18, 2019, 01:52:31 AM

Quote from: Wawa2013 on October 17, 2019, 11:14:36 PM

Trading tools for traders are quite helpful, that's also what I admit, before trading sometimes we are also required to see the tool as a reference to see the development of coins that we will buy. But besides that to be a reliable trader, you also don't have to rely entirely on tools. You have to hone your instincts because trading expertise is entirely in us not only in the help of tools

yes, in fact without any tools we can analyze charts, using basic theory is enough to be able to see whether the chart will move up or down, and if it goes up where the point will be penetrated as well as down,
tools only make it easier, if we are professional just look at the chart we already know the answer even without tools

But in reality predicting the movement of coins is not easy because of its volatility it can be change in a short period of time, the tools on analyzing the price can be help you to identify more accurate if the price go up or down but again its depend on how you use it because not all the time your analysis is right their will be a time it will be failed.

if you enter the wrong time or wrong asset, you need to close a losing position, you don’t have to wait months for the price to return. Risk management in importance at the same level as determining the place to buy. All indicators, reviewers, advisers may be wrong. It’s better not to pay a large part of the deposit for mistakes.

Peashooter

sr. member

Activity: 868

Merit: 257

The main tools that we need to improve in our trading is our self motivation and self discipline because without this two you will not be able to take long the trading environment. Tools like research and keep updated to the every news that is being published about the market will also helps you to improve your trading when it comes to gaining profits. We must be also have a lot of patience because without any patience you will not last long on the current bear market.

anastasia tsoy

newbie

Activity: 6

Merit: 0

Hello! My name is Anastasia and I work for AlgoWave. I can give you a free course that we recently launched, as well as a free lesson with a professional broker. We also have a unique product - a robot with artificial intelligence - developed by the University of Massachusetts, in which $ 80 million was invested. It automatically predicts and trades on the Binance site, which will help you earn more and more. Our company will also connect this robot to you for free if you will understand this even a little. More details are described in the course. You can get it for free with my coupon code 162156 here: http://course.algowave.io?coupon=162156&of=002

dark08

full member

Activity: 798

Merit: 104

Quote from: glendall on October 18, 2019, 01:52:31 AM

Quote from: Wawa2013 on October 17, 2019, 11:14:36 PM

Trading tools for traders are quite helpful, that's also what I admit, before trading sometimes we are also required to see the tool as a reference to see the development of coins that we will buy. But besides that to be a reliable trader, you also don't have to rely entirely on tools. You have to hone your instincts because trading expertise is entirely in us not only in the help of tools

yes, in fact without any tools we can analyze charts, using basic theory is enough to be able to see whether the chart will move up or down, and if it goes up where the point will be penetrated as well as down,
tools only make it easier, if we are professional just look at the chart we already know the answer even without tools

But in reality predicting the movement of coins is not easy because of its volatility it can be change in a short period of time, the tools on analyzing the price can be help you to identify more accurate if the price go up or down but again its depend on how you use it because not all the time your analysis is right their will be a time it will be failed.

glendall

legendary

Activity: 2142

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Next Generation Web3 Casino

Quote from: Wawa2013 on October 17, 2019, 11:14:36 PM

Trading tools for traders are quite helpful, that's also what I admit, before trading sometimes we are also required to see the tool as a reference to see the development of coins that we will buy. But besides that to be a reliable trader, you also don't have to rely entirely on tools. You have to hone your instincts because trading expertise is entirely in us not only in the help of tools

yes, in fact without any tools we can analyze charts, using basic theory is enough to be able to see whether the chart will move up or down, and if it goes up where the point will be penetrated as well as down,
tools only make it easier, if we are professional just look at the chart we already know the answer even without tools

ringgo96

sr. member

Activity: 1582

Merit: 279

I myself actually do not need too many tools enough tradingview to be able to do an analysis with indicators. because we have too many tools and in the end it's difficult to analyze. some complicated gambling due to we have to do a lot of the analysis. with the exception of bots

Wawa2013

sr. member

Activity: 1666

Merit: 267

Trading tools for traders are quite helpful, that's also what I admit, before trading sometimes we are also required to see the tool as a reference to see the development of coins that we will buy. But besides that to be a reliable trader, you also don't have to rely entirely on tools. You have to hone your instincts because trading expertise is entirely in us not only in the help of tools

syamster

hero member

Activity: 1078

Merit: 501

Quote from: gunungkembar on October 16, 2019, 12:22:21 AM

I think trading only requires tools such as rulers and various measurement methods to determine the right time to buy coins and sell coins, with the help of experience can be more accurate.

Yes the first thing to keep in mind for trading is the ‘Right Time’, a trader should be too much attentive that he must know the right time of buying and selling of coins because the market could be anytime green or red, in case of red a traders should buy coins and in case of green he should sell it. The second thing is knowledge about the coin which he trading because some coins earn more profit while others earn very less.

Topic: Tools to improve your trading - page 2. (Read 824 times)