Many people understand the fundamental idea of investing in crypto, but can the same methods translate over to trading? As you might’ve guessed, the two require very different ways of thinking and investing.

As far as the investing part is concerned, it all boils down to the fundamentals, like the technology and development team behind the project. Solid marketing and partnerships also play a major role when deciding to invest in a newer cryptocurrency or ICO. Other than that, HODLing seems to work well for most and can benefit you in the long run if you stay strong during the inevitable dips.

However if you’re looking to make money right now, you need a more short-term trading strategy…

This means you’ll be looking for more volatile, high liquidity cryptocurrency. The potentially lucrative nature of this digital asset, is a lot more volatile than traditional stocks or forex, which opens you up to a world of potentially high profit margins and risk.

That’s why cryptocurrency trading can get a bit complex and the reason why so many crypto traders need a wide variety of tools to help them navigate this newfound territory.

I’ve listed a variety of high end resources and tools that can help you improve your cryptocurrency trading success. Bookmark this page as you’ll most likely need to reference it throughout your crypto trading journey.

Welcome to the World of Cryptocurrency Trading Tools

There are a ton of tools out there used for a variety of purposes. You can use them in combination with each other, whether you’re investing or trading. Strategy is a huge part of cryptocurrency trading and so are the tools that you have in your arsenal.

Arming yourself with the right intel is everything when it comes to choosing the right cryptocurrency to trade or invest in. News sources will supply you with the most accurate and up-to-date information within the crypto sphere. Technical analysis will help you formulate a solid trading strategy off of the latest news.

If you end up choosing the right asset, at the right time, and formulate a congruent trading strategy, you’re halfway through the battle. So it’s very important to take your time and utilize these tools, to the best of your ability, in order to put all the odds in your favor.

Let’s start this list off with the most obvious choice…

CoinMarketCap

You can’t start a “crypto trading tool list” without mentioning this coveted resource. If you’ve spent more than five minutes within cryptocurrency ecosystem, I realize you’ve probably used this tool on many occasions by now.

This useful tool is your headquarters for all things cryptocurrency. It contains all the information you’ll ever need, on any cryptocurrency and exchange released to the public. Everything from graphs, official coin websites, social media information, market cap, exchanges that trade a particular coin you’re looking for, etc. [Link]

I’m sure you’re already very familiar with this tool by now, so let’s move on to the other goodies…

Vectorspace AI

This advanced cryptocurrency discovery platform is a must-have for all crypto traders and investors. It’s based on new kinds of Natural Language Processing (NLP) and Machine Learning algorithms that extract sympathetic, symbiotic and parasitic relationships. [Link]

Their “Crypto Discover” feature enables anyone to create unique customized token baskets based on trends in social media, global and local search trends and just about anything else you can think of. They call these “Smart Baskets” “intelligent” because of their ability to determine for themselves whether or not to include additional cryptocurrencies or components from related baskets that may increase overall returns.

One of my favorite tools, QuantBot, allows you to snap up a horde of digital assets in a single sweep, without the need to independently manage them.

Cryptocurrencies can trade in sympathy to others. QuantBot allows you engage in quick information arbitrage by unveiling these hidden relationships or relatively unknown relationships between one another before any research analyst could ever uncover the connections.

I’m sure this platform will be soon your best friend. Check out it’s full potential here [Link].

TradingView

This technical analysis trading portal contains anything and everything you ever wanted to know about the technical side of cryptocurrency like chart patterns, candlestick formations, as well as the most comprehensive list of charting tools and indicators you can find anywhere on the net. [Link]

This massive powerhouse of a site also contains a social media style platform where traders can share and discuss their charts and trading strategies. I can’t even begin to tell you how valuable this is.

Learning to trade from real trading experts and viewing how they set up their real life trading strategies is a powerful learning tool to add to your educational cryptocurrency trading arsenal.

TradingView is accessible from anywhere in the world and they even allow you to utilize their charts, drawing tools, and indicators for free. If you spend any amount of time on various cryptocurrency trading sites, you’ll notice that most of them, including reputable crypto exchanges, use TradingView charts.

If there’s one place that you want to learn more about technical analysis via plotting your own charts as well as learning from a network of professionals, TradingView is the place to be.

I could write an entire book on how valuable TradingView is, but I don’t think either one of us has the time for that.

DISCLAIMER: Coinigy is another widely used trading platform that many crypto traders use. I started out on this platform but find it to be extremely buggy and takes up a lot of your computer resources if you leave the chart up for too long. Their customer support isn’t that great either.

I highly recommend TradingView over Coinigy for serious traders. I’ll most likely write up a detailed comparison in the near future.

Moving down the list…

CoinTracking

Ditch those bloated Google spreadsheets and let CoinTracking do all the heavy lifting for you. Keeping track of your cryptocurrency trading activity is a rather daunting task this tool quickly eliminates for you. [Link]

The service imports your trades from 24 of the most popular cryptocurrency exchanges. Importation can be done via CSV files or API. Once all your trades have been imported, you can start analyzing your ROI and stay up-to-date with your profit loss ratios and resulting taxes.

This is the ultimate cryptocurrency tracking tool. I highly recommend it if you plan on trading more than a few times per month. Read more about the tool here [Link].

Ledger Nano Wallet

The ideal security device for your precious cryptocurrency coins and the Cadillac of hardware wallets. It’s robust security features are unrivaled. It connects to your computer via a USB and embeds a secure OLED display to confirm each transaction with a single press of its side buttons. [Link]

There are many different reasons to use this wallet over others like…

Hardware wallets are always the most secure form of storing your cryptocurrency

They’re immune to viruses

Portability

They look cool (not really a benefit, but could be in the right situation)

Wrapping things up…

I highly recommend you bookmark a few these tools in order to better help you decide where to put your money when investing in any future crypto project.

These tools don’t necessarily mean that you’re going to make a guaranteed profit, however it does allow you to make a very informed buying decision, which is half the battle. Placing probability in your favor is the name of the game when it comes to any solid trading strategy.

Let me hear from you in the comments below regarding your thoughts on the tools outlined above. If you have any other useful tools that you think should be added to the list, let me know.