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Author Topic: Trading tools for alts  (Read 279 times)
SmilingBag (OP)
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August 27, 2018, 12:16:24 PM
 #1

Hey guys. What tools/site/services do you use on a regular basis to improve your trading game?
racingboy
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August 27, 2018, 02:09:13 PM
 #2

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.
Gozie51
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August 27, 2018, 02:30:40 PM
 #3

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.

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Jaycee99
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August 27, 2018, 02:44:12 PM
 #4

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

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.
DanTalksCrypto
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August 27, 2018, 03:05:35 PM
 #5

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

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
Kupid002
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August 27, 2018, 03:23:04 PM
 #6

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.

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.

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777Jolami
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August 27, 2018, 03:27:42 PM
 #7

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
Ctn
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August 27, 2018, 04:15:08 PM
 #8

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

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. :-)
farukahmed
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August 27, 2018, 04:17:23 PM
 #9

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.

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tosmartak
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August 27, 2018, 04:22:06 PM
 #10

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.
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August 27, 2018, 04:26:13 PM
 #11

im not use anything, i just learn from my mistake, but if some app can make my trading better why not.
jaybobcrypto
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August 27, 2018, 08:56:02 PM
 #12

I've there are trades who trade the only candle patters  Undecided
I use trading view, crypscan, coinigy
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August 28, 2018, 10:11:04 AM
 #13

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

Thanks for using CrypScan Smiley
We're constantly working on adding new features to improve your trading
posi
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August 28, 2018, 12:54:49 PM
 #14

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.

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Bitchef2112
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August 28, 2018, 01:21:18 PM
 #15

Tradingview mostly, some good tips on there as well.
boyshx
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August 28, 2018, 01:44:15 PM
 #16

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

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.
mostkey
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August 28, 2018, 02:08:16 PM
 #17

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.
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August 28, 2018, 02:35:19 PM
 #18

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
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August 28, 2018, 02:55:47 PM
 #19

Hey guys. What tools/site/services do you use on a regular basis to improve your trading game?
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.
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August 28, 2018, 03:10:24 PM
 #20

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.
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