Bitcoin Forum

Hey guys. What tools/site/services do you use on a regular basis to improve your trading game?

Being updated to trading channels in youtube, learning
new strategies and of course by daily trading, it helps
me familiarize/understand/know the market well.

Do research on price action. This will help to have an idea of trend of the market. Although , it relates to forex more but understanding it, you can also use it for technical indicators.

Here is my way to seek a good trading game.

1. I alway look at blockfolio which is a good application where I can look everyday the different altcoin and changes of it value.
2. I always pack a valuable ideal that is being a patient person.
3. A very common word of mine to say buy it low and sell it high and when everything falls apart from green to red I hold it.
4. Also look for a website or exchange that you are familiarize with to help in trading as well. Mine is binance but etherdelta(used it as well to exchange my alts to bitcoin).
5. Try and try until you suced. Learn from you mistakes and with it handle it the failure too.

My hypothesis is that the order book works well for v. short term trades on coins with large volume to avoid whale manipulation. I want to get in and out of trades quickly so look for momentum.

​My challenge to you is to see for yourself how it works. I learned it all here: https://discord.gg/7ewtBmN

If you are not totally familiar in trading you should gather more information about it, because trading is not easy risk is everywhere in crypto.

There are quite a lot of altcoin trading places, you should know altcoin where you are holding the deal. So you can go to that transaction in the safest way. Be careful in this market

What tools ? I guess there are only limited choices that we have got, I mean the one I know is only stop-loss, analysis of candles. Im sure there might be more than this and would be watching this thread to look out for more options.

But to improve the trade we need to improve our methods if we are failing the trades with the current one and must not be reputing it. Also, improvement is something where you dont repeat your mistakes. :-)

Trading is the best platform. We know that trading skills must be increased before trading and many knowledge will be gained in trading. There is no option in trading without skill development. To be a good trader i must take a good knowledge of trading through various means. To develop trading skills in my experience we can improve the trading skill by watching videos on YouTube on a variety of trading skills knowledge. In addition to reading books we can improve the trading complex. From trained teachers or friends, we can also improve the trading skill with knowledge about trading. The present world is the contest world where everyone here goes through the competition, so to stay fit in this competition. we have to improve our skill. When we start trading, we invest a lot give labor spend knowledge but if we do not develop trading skills then we have to face losses. So we have to keep the market in trading business by improving our trading complex and remain in the trading business.

My knowledge of indicators as well as analysis is all that I need as a tool to make right trading decisions. Personally, I am a fan of momentum indicators and price action on the chart. This helps me to know the direction and current sentiment on the chart and also with the price action using some specific candle patterns to know when to be entering a position  and where to be placing my stop loss. Most times, it is necessary to understand that things may not work out as planned being a trader and it is important to have an exit plan either positive or negative.

im not use anything, i just learn from my mistake, but if some app can make my trading better why not.

I've there are trades who trade the only candle patters  :-\
I use trading view, crypscan, coinigy

Thanks for using CrypScan :)
We're constantly working on adding new features to improve your trading

Firstly, i will advice you to learn how to read charts and the fundamental analysis while you also study the concept of the altcoin you want trade. Besides, most new coin added on CMC are doing good, go for those with outstanding concept.
Note : if youre giving some sites, channels or tools you still need to do your own research cause this is crypto currency and I can see a lot of people try to increase their site and group traffic.

Tradingview mostly, some good tips on there as well.

Not really service but I have created my portfolio on the blockfolio and crypto compare where I have set up the entry points of all my coins when I buy them. This keeps track of the start value and thus as soon as the market moves up or down the prices are also fluctuated in that way. Whenever it is positive one then it start moving in green + sign% showing me my perfect profits. This gives me perfect idea as to when I have to sell my coins. Just like today when I say the bitcoin pump coming our way and my portfolio just started to give me some profits. Thus I know very well now thats my time to go to trade and sell.

Sometimes it will return to each of us and with their own knowledge in taking the opportunity and analyzing themselves, there is no special tool in trading, the main thing is to always read the latest news to always know information about crypto and trade, of course seeing price movements for each day, keep in mind that trading is very risky if you panic quickly, don't save your money in one place and build the best portfolio.

I like the idea that a log one is keeping is the best book about trading

to find a good trading game you can visit the market as often as possible, because trading on cryptocurrency prices always fluctuate very quickly, which is commonly done by all people who buy when prices are cheap and sell when prices are expensive.
if the coin that you hold experiences a decrease in price, try not to panic, keep patient and continue to hold your coin until the price rises again above your purchase price. I myself trade on the indodax and binance markets. if you are a beginner trader it is better to trade on indodax, because in my opinion this market is easy to understand.

I read technical analyses and avoid speculative ones and don't take unnecessary risks, sometimes even doing nothing would be very good move for me.

I have never tried crypscan though, but I have made good use of coinigy and trading view and I still make good use of trading view most especially till date. I actually stopped using coinigy due to the fact that it lags sometimes, and for the fact that I will still have to pay anyway.

I had no problem with the payment until I started using tab trader on my mobile device and I just realized, except for just some few indicators, I have all it takes to make good and quality trades using just my device which I have access to 24hours in a day which I cannot simply have my system on for the whole day.

For me, I follow some good traders on trading view and then see what they are really saying about a market, compare it with my own thoughts and knowledge as well as my initial plans and try to do things better. It is better most times if you know what you are doing yourself rather than following what others are telling you to do, but it is not also bad when you use their work as reference to make some quality decisions or back up your decision as the case may be.

Tradingview is one of the best website that you can learn about trading. This website has many features, ideas from famous investors, charts, many type of analysis... You should register and start learning from this website.

coinmarketcap.com - this site provides coin price and status on real time.  here we can see the list of exchange that lists each coin.  for mobile, i use bituniverse as tool to check price.

there are lots of twitter accounts you can follow.  telegram also provides good information.

YouTube became my main source of information about trading. I suggest looking up on DataDash. He's making very valuable videos every single day touching all topics related to trading crypto.

I have been using gunbot for almost 1.5 years now, I have bought it from captaincorporate and we talked on telegram and he helped me set it up and that tool helped me make insane profits up until this last month's where everything just collapsed and stood still.

Bot doesn't make you great returns on bear markets but it is also not killing anything, you just have some bags that you will have to sell in the end but it also decreases the margin and double downs so you can get out quicker.

It has been a blessing and a curse, it makes profits on good markets but you end up waiting for that, if you are patient than you come on top and make profit, if you are not patient, it may not be the best for you.

I usually learn how to trade on Youtube, and the trading platform I use is Binance, OKEx, but when I encounter difficulties, I will also ask questions in the bitcointalk forum!

It is always a good thing to understand the space you want to be delving into and some of the coins that can be traded and why you would want to be trading them which is why I believe that coinmarketcap is a very useful tool where one can find all these information and concentrate more even on the top 100 and one that would be good enough to trade based on one's style and strategy.

There are other tools that would be reliable but nothing is more reliable than one's knowledge about trading and the market as a whole which is the basic tool needed to do things right. There are no specialized tools needed for alt trading as it has no differences from forex trading or from BTC/USD trading.

Coinmarketcap.com is a good tool to know the standing of the coins in the cryptocurrency market as well as its volume and its average price. Another site that is the same as coinmarketcap is https://coincheckup.com/. They have the same features but the latter one is I think better because it has additional information when it comes to ICOs and has three different kind of analysis like fundamental analysis, investment analysis and github analysis.


As for the charting, trading view is a good site because aside from doing your charting for free, you can follow others who are showing their analysis to the public so you have reference to the coins that are worth looking at and then you can learn from them as well. You can follow some telegram groups as well that give insights to how well the market is doing. Do not join pump and dump groups though.

Besides analyzing trading, traders should not ignore some information about the bitcoin issue. some media provide great information and this affects the prices of Bitcoin and Altcoin.

Normally, the knowledge on technical analysis can really assist a long way when it comes to trading the altcoin market, but also, a lot of experience need to be gained so as to be able to know what makes the altcoin market tick and move in most cases which is why the knowledge and practicing a bit for a while until one is able to get one or two strategies that works well and able to take the right step when opportunity kicks in the market. The likes of tab traders, crypscan are good tools one can make good use of.

Yes, I agree with your speculations because they are very good and important steps to follow for you to improve your trading game and also make reasonable profit from it.

I also learned about trading and I searched a lot for information and learned trading from youtube and studied and also saw on the tradingview website seeing the cryptocurrency movement and learning a lot from there many traders who shared their trading techniques there.