Unlike earlier, when people have thoughts that investing in Bitcoin and Cryptocurrencies were for the risk-takers only, today, that concept has taken a back seat. The people who invest in Cryptocurrency are much more financially sound and are willing to invest in Cryptocurrency based on facts.
The main reason why people are attracted to the Crypto trade market is due to its decentralized nature. The decentralized nature offers total control of your crypto assets, and the transactions made in Cryptocurrency are transparent, secure, and anonymous.
The popularity of Bitcoin has increased with the recent price surges. Today, more and more people are willing to take risks with crypto investment. New traders are joining the Bitcoin movement; this has made the market dynamic than it ever had. Hence, you need to use the right tools to get the desired results. Automatic trading apps like websta.me are being used on a large scale for effective trading.
While you might find trading on the crypto exchange platform quite easy, they have their fair share of drawbacks. They do not show the market volatility of the market or which digital asset is performing better than the others.
Trading Tools That Will Help the Investors to Tackle Market Volatility
To ensure that you are making the right decision with the trade, it is necessary to keep tabs on your portfolios. This is where Bitcoin trading tools can help you.
Here we have handpicked trial and tested trading tools that will add value to crypto trade.
If you are new to crypto trading, then you must be looking for a platform that is simple to use. In that case, Coin Gecko is the tool you are looking for. The best part of this tool is that it comes with a user-friendly user interface. This tool is completely free and gives you an overview of all the best performing Cryptocurrencies.
With the Coin Gecko, you get to see all the currency market happening, Crypto performances, market stabilization, liquidity, and public interest. The tool caters to several features; it is up to you how much you can use it.
If you are in the crypto trade market, that means you have been a part of the crypto view at one point in time. The Crypto trade market seems to be incomplete without the Trading View tool. It adds immense value to traders and investors by providing them with a high-quality tool that caters to the following features.
- Insightful commentary.
- Killer Forum.
- Expert views.
- Trading suggestion.
While using this platform, you will find that it has one of the best in-depth analysis mechanisms that offer market charts, assets comparisons, and overall market performances.
Cryptowatch is owned by Kraken and offers free charting resources that let you track your favorite Crypto assets. You can check the chart prices of all the major crypto exchange platforms. With the help of the Cryptowatch, you are one step ahead of the market competitors as it gives you a real comparison of the different Cryptocurrencies currencies.
If you are a short-term trader and are in the crypto trade business for pocket money, the best tool for you will be Bitcoinity. It offers an easy to read charts and graphs to give you an exact idea of the current market. You can use those charts and graphs to visualize the price fluctuation over time to make your trading decision.
Another feature that catches most of the trader’s eye is its combined liquidity across all major exchange platforms. This allows the traders and investors to assess the resistance and helps them to calculate major liquidity opportunities.
Once you are comfortable with tools like Cryptowarch, reading View, TensorCharts is the next stop. It is the most advanced tool on the list. Though it is free, you will not call it a novice-friendly trading tool. To use this tool, you need to have prior knowledge of the trading tools.
Like Bitcoinity, you will be able to see all the top crypt performances and heatmaps. These heat maps will show you the liquidity across some of the major crypto exchanges.
The Crypto trade market is a growing industry, and it is growing at a rapid pace. Hence, it is becoming necessary to use the trading tool to make your trade more efficient. Here we listed some of the best trading tools used in the world of Crypto investment.
Let us know which tools from the list you have used before. And do not forget to suggest some of your favorite trading tools as well.