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Author: Admin | 2025-04-27
And sell accordingly.After you've decided how to manage fundamental, technical and sentiment analysis, the next step is to determine the best charting software for your needs.Best Crypto Charting SoftwareMany crypto exchanges have charting software, but the below alternatives are popular with many crypto traders: -TradingViewTradingView is a widely popular online charting platform traders use across various markets, including cryptocurrencies. It has multiple technical analysis tools, indicators, drawing tools, and customisable charting features. Many of the most popular crypto exchanges have integrated TradingView directly on their platforms, free for users. It's my favourite platform as it provides access to real-time data and allows users to share and collaborate on trading ideas.CoinMarketCapCoinMarketCap provides information on crypto prices, market capitalisation, trading volume, and other metrics. I suggest fact-checking project information as often it is not updated on the platform. CoinMarketCap offers basic charting functionality, allowing users to visualise price movements and trends for over 26,500 cryptocurrencies.CoinGeckoCoinGecko is another popular online cryptocurrency data aggregator that provides market data, price charts, and other insights. CoinGecko's charting features allow users to analyse price trends, compare cryptocurrencies, and track historical data.MetaTraderDownload the free MetaTrader software to your desktop and access multiple trading tools and market order options. Before downloading, check that you can connect MT4 or MT5 from your crypto exchange if they use that charting software.These are just a few examples of charting software available for crypto trading. It's advisable to test and evaluate different platforms based on your specific needs, including features, ease of use, availability of real-time data, and integration with preferred exchanges.Tips for Successful Crypto Trading#1: The Importance Of Having A Trading PlanI cannot stress the importance of a trading plan, yet so few novice crypto traders commit to creating one. Crypto trading is a strategic process with many moving parts. Traders need a strategy, trading goals and defined risk management.Your plan should include trading tools and resources, a trading schedule (when, where, and how you trade), and research and market analysis methods. In addition, I must mention trading psychology. Controlling your emotions when trading can be tricky, even if you are the most rational person on the planet. As part of your trading plan, you can formulate a decision strategy, such as “When the market moves against my live trade, I will XXX.”Finally, your trading plan should include a trading journal. It was the single best thing that helped me identify self-sabotaging patterns. A trading plan will change as you evolve as a cryptocurrency trader. Update it regularly and monitor your progress by reading your notes regularly.So, if you're ready to start cryptocurrency trading, you may want to know how much money you need.#2: How Much Money Do You Need To Trade
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