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Author Topic: Tools to improve your trading  (Read 824 times)
ecnalubma
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October 06, 2019, 03:55:19 AM
 #41

Good references now I know where to go, but I will not rely on it a 100% but this will help me understand the market movements. It is better that we must understand how trading works rather than just going with the flow, relying on signals or copy trade which could be more risky.   
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October 06, 2019, 06:55:47 AM
 #42

This is great and thanks for sharing. I will add this to my trading tools on improving my knowledge.  I also learn from just watching on youtube since some people are sharing their knowledge and tricks on trading.

And i don't ride any sudden pump of the price since i will just lose money if the value goes down.

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October 06, 2019, 08:10:27 AM
 #43

~snip
This tools really help you become a pro trader but to aside from these, there is one tool that is more important than this and it will help you become a professional trader.

Emotions, attitudes and traits. If you can control yourself in trading then you will be a pro. Even if you know this tools the OP posted if you don't know how to control yourself then it will become useless.

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October 06, 2019, 08:31:13 AM
 #44

Add https://coinalyze.net to the list  Wink
This site is a very good addition to the list mentioned by the OP I regularly visit this site and put my technical analysis into action this site gave signals of cryptos pairs based on Japanese candlestick pattern eg Engulfing bar, Pin bar, Haramis etc however it is the trader discretion to use them for trading or combine them with some indicator all these tools will absolutely aid a trader to make a devise a working strategy and make profits consistently.

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October 06, 2019, 11:58:08 AM
 #45

I think there are a lot of tools that can be used to analyze prices at the exchange, and usually I only use a brief analysis that can be available at the exchange by providing a line on the coin chart that you have and by combining several other analysis techniques.

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October 07, 2019, 09:23:58 AM
 #46

Add https://coinalyze.net to the list  Wink
This site is a very good addition to the list mentioned by the OP I regularly visit this site and put my technical analysis into action this site gave signals of cryptos pairs based on Japanese candlestick pattern eg Engulfing bar, Pin bar, Haramis etc however it is the trader discretion to use them for trading or combine them with some indicator all these tools will absolutely aid a trader to make a devise a working strategy and make profits consistently.

Love this one, didn't know it! Will explore it over the coming few days.

Thanks for sharing
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October 07, 2019, 02:38:46 PM
 #47

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.
Yes its good to have tools if you want to trade but what actually will help you to earn profit is your knowledge,experience and trading skills that you use in making investments that will lead you to high rerurns in future.You can learn from trading tips and tools but always use your wisdom to pick the best suitable technique in trading.
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October 07, 2019, 03:17:34 PM
 #48

This site is a very good addition to the list mentioned by the OP I regularly visit this site and put my technical analysis into action this site gave signals of cryptos pairs based on Japanese candlestick pattern eg Engulfing bar, Pin bar, Haramis etc however it is the trader discretion to use them for trading or combine them with some indicator all these tools will absolutely aid a trader to make a devise a working strategy and make profits consistently.
All of the trading tools mentioned above are good, but it seems that this will not work properly if applied to crypto with low volume.

Having self-discipline and good knowledge in trading is also very important to come up with a successful trading. If you have the knowledge in trading which you gained from all of your trading experiences, even without those tools being mentioned, you will still be profitable from your wise decisions you have made.
You mean by relying on luck like gambling?  Grin maybe for trade several times can get a profit but it is very risky if done continuously.

 
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October 07, 2019, 03:25:30 PM
 #49

As far as I dove into cryptocurrency. A friend referred to me tradingview.com and this became my ground in trading. This is where I got all of my trades winning. This is how I am doing a trade using Tradingview. I am looking for a view. And then will compare those views I can see that says the same. And if there are a lot of views that talks the same then I'll do that trade.




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October 07, 2019, 03:39:28 PM
 #50

to be able to help your trading so that you can get a lot of profit so I suggest you start to learn how to trade using technical analysis from various sources that you should be able to match with the movement of coin prices at the exchange.
Basically, trading isn't all about having good in TA's, have trading skills, knowledge but the most important is to see our self become determined to become a trader. Learning to trade is just acquiring knowledge and experience base where we could get more ideas along the way. If we want to improve, we need to accept losses and opened-minded person, accept what the others said and told us for they might know much better than us.
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October 08, 2019, 08:48:05 PM
 #51

All those tools will be useless if you haven't familiar with fundamentals or the basic. To improve, you must possess a discipline to avoid being engulf by our emotions. Knowledge is also necessary for this industry, you must have study every minute. But the most important among them all is the "experience" because this is where you learn. Having a trading plan is a good tool as well.

I would like to add here that in the beginning, you simply must not invest money, the loss of which will have serious consequences for the investor. Savings set aside for treatment, money borrowed from banks or private individuals are not suitable for investing in BTC. On the other hand, the amount set aside for the purchase of a new gaming video card can be spent on investments in cryptocurrency. Feeling that you will not lose too much, you will trade with no stress.
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October 08, 2019, 09:36:57 PM
 #52

Simply I always prefer doing my owns style rather than picking up the needed tools like research, charts, social media and other pack ups. For me, I'd rather be doing the basic rules which mostly be applied on trading needs. In order to make it possible, we must remember to buy when the trend goes down and you'll be able to catch a good price. Selling principles should be on higher price and it could satisfy your desires to gain enough funds to consider it as your profit.
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October 09, 2019, 09:16:09 AM
 #53

While it is good to have tools, it should be in our priority too to read updates of the current situations of the market and listed coins. Though they're too many, thru experience and determination we will be able to analyse and know our pros and weakest as we started doing it, we will know if it's just hype or because of the project development, we will be able to limit ourselves in those have potential, we will be able to master it and still earn even the market isn't in good position that time just learn to determine a good coin or project by reading each project updates.

It appears that someone didn't read/open the link that OP posted. OP's links for his tools have it all, what you have said about this
it should be in our priority too to read updates of the current situations of the market and listed coins
are there too, a lot of Traders sharing their ideas everyday to update what is going on in the market, I think they are all legit and not just some kind of jokes. The tools that OP mentioned was not literally "tools" like software that have bugs and not precise at all the time. It might be worth it if some of you guys are going to try it for a little amount of fiat as a trial if this thing really work out.

E D I T: those are just some guides to help you on making decisions about your trade, it is not totally a "must" do steps that you should literally follow to earn profits, your skills and understanding is needed.
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October 09, 2019, 10:57:44 AM
 #54

Browse for a website/platform and find one that suits you most (if you find any cool ones let me know please!!!).
I just started trading so i can't help you with advanced tools. Here's the site where you can find useful tools for free (beginner tier) https://newscrypto.io/.  like how I can open just one page and have all the analysis, charts, news, and additional help tools while also an option to trade. It's just so fast and convenient.
Hope it helps, best wishes!
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October 10, 2019, 06:41:28 AM
Last edit: October 10, 2019, 09:59:44 AM by Freddy11
 #55

Without even going into any major thing, all I will say is that just follow Crypto News, and you are meant to be in great level of comfort with decision making. As if you are doing trading, it’s useful to go for indicators, as it can help you with making decisions better. But of course, it’s a lot easier said than done. So we just require to make sure we put our focus on it and that will lead us to gain and that with serious amount of consistency.
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October 10, 2019, 05:04:29 PM
 #56

Trading tools are good but i think getting trading expertise and experience is the best. Many people go into trade by relying on just trading tool and they end up making massive loss. To create a balance while getting all the necessary trading tool its important that the trader also try and have trading experince so it could blend well

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October 13, 2019, 12:28:25 PM
 #57

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.
Of course you can't stand alone when younare trading. I mean you will still be needing tools for you to have something to help you just like the listed above. You need to know about how the charts are moving, what the charts are saying, what analysis and statistics says you should do and differentiate hoax and legitimate news. Aside from knowing how to use the tools given above, you need to master how to control and not to be controlled by your emotions by then. after having the expertise in trading and mastery of handling your emotions everything will run smooth while you're trading.
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October 13, 2019, 01:52:54 PM
 #58

Trading tools are good but i think getting trading expertise and experience is the best. Many people go into trade by relying on just trading tool and they end up making massive loss. To create a balance while getting all the necessary trading tool its important that the trader also try and have trading experince so it could blend well
Wev could say that these tools aren't enough to become a good trader but in some ways also it brings us into a positive result. Though we can't just rely upon this for the whole life in trading but in the reason that it gives us guidance to improve our trading skill and knowledge, it simply put some importance by then. I may say it makes no sense for you but for new traders and those whos still learning, it is a big help for them.

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October 13, 2019, 02:00:59 PM
 #59

Trading tools are good but i think getting trading expertise and experience is the best. Many people go into trade by relying on just trading tool and they end up making massive loss. To create a balance while getting all the necessary trading tool its important that the trader also try and have trading experince so it could blend well
Wev could say that these tools aren't enough to become a good trader but in some ways also it brings us into a positive result. Though we can't just rely upon this for the whole life in trading but in the reason that it gives us guidance to improve our trading skill and knowledge, it simply put some importance by then. I may say it makes no sense for you but for new traders and those whos still learning, it is a big help for them.

those are helpful in analysis. if there is only a tool that will work as a trading system for anyone which is like a tool that will signal you to sell or buy whenever trend direction is about to change, it should be the best. the indicators in the charts which of course are considered tools but there is still no guarantee even when you have the trading skills.  among them list, its only the tradingview that i actually use and then all are just the exchange platforms.









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October 13, 2019, 10:47:20 PM
 #60

Just like me, it seems to look important to me and a worth to learn about. Others never think about its importance but rather just ignore it.
Anyway, TA's and trading charts are not easy to learn, it may the reasons also that some traders never think it was a helping for them but rather they say it was just wasting their time learning about it. But what happens to them? Their trading career never works well, instead, they suffer losses.
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