Cryptocointrade

Crypto Trading Tools

Do you want to join the most popular number 1 crypto trading tool?

See all the best crypto trading tools in the table. Here, you find crypto technical analysis, crypto trading bots, tax calculation software, and much more trading tools to make you profitable.

Crypto Trading Tools Summary

1. Crypto Technical Analysis Apps

Crypto technical analysis apps allow you to make advanced technical analyses to predict price movements.

Technical analysis is an important trading tool for short-term momentum and price predictions.

 

2. Crypto Tax Calculation Software

Crypto tax calculations are a time-consuming task. You have to keep track of all transactions, your average purchase price, and your selling price. Also, there are sometimes several fiat currency markets to keep track of since you might exchange BTC for USD but live in the UK and have to report tax in GBP.

However, there is a great software to automate this for you.

We have summarized the best-automated crypto tax reporting software.

 

3. Crypto Trading Bots

If you have an excellent trading strategy, it might include a lot of different rules and variables and have to be monitored 24/7 to be profitable.

Luckily, crypto trading bots are designed precisely for this purpose. These are software trading on predetermined rules whenever the market is open. The best thing about crypto trading bots might be that they are taking action with no emotions interfering with the decisions. 

 

4. Free Crypto Fundamental Analysis Tools

Many people ask themselves how to do fundamental analysis on crypto since they might be used to make it on stocks where there are well-established methods to do this.

There are no widely accepted and established ways to analyze cryptocurrencies. However, there are specific data that can tell you if the network adoption is going forward or backward.

 

5. Crypto Copy Trading

Crypto copy trading is a passive method for trading cryptocurrencies. The basic concept and idea sound great, but there are certain misconceptions you must be aware of before you do this method on a full scale.

First, check the trading fees and the commission charged by the strategy you follow. Also, there might be some commission charged based on the result.

Checklist

  1. Are regular trading fees charged?
  2. Are there additional fees for the copy trading feature?
  3. Are there also even more fees charged based on the trading result?

Be extremely careful with number 3 since it could be 15% of the profits charged weekly but nothing when the strategy is non-profitable. It can sound reasonable but start making some calculations on your own, and you will soon understand this kind of fees will eat up your portfolio on a long-term basis.

 

6. Free Crypto Academies

The free crypto academies and learning features offered by the top Bitcoin and altcoin exchanges are great.

Here, you will find extensive excellent materials for learning trading basics and how to use certain products on their platforms.

In addition, in these academies, you can often learn the basics about blockchain, Defi, NFT, and Web3.

These are entirely free, and with some of them, you can even earn some free coins to complete different tasks.

 

7. Crypto on Social Media

Crypto on social media is an excellent source of information. However, you have to be extremely careful and understand that 99.9% of the influencers serve their interest first hand.

They might repeat that their community members always come first, but this is bullshit. At the end of the day, almost everyone serves their interest to make money in different ways. 

Some of these ways could be

  1. Market projects they are significant investors in themselves (with no disclaimer, or they buy the day before they announce it to sell off after they hint the community to buy in)
  2. They market projects that pay them to do so with no due diligence.

 

8. Crypto Portfolio Managers

Crypto portfolio managers are great if you use several exchanges and need to keep track of them all in one place. 

You can use the crypto portfolio managers for two different main scenarios.

  1. Use read-only API. If you use this API, you can “only” monitor your entire portfolio in one place.
  2. You can also use a trade-API to execute trades via your crypto portfolio manager. Make sure to understand if the portfolio manager charges extra fees for this service.