šŸ‘ Smart traders use extra tools alongside Binance to boost their trading. Here’s a breakdown of the best tools for trading on Binance:

āœ… 1. Built-in Binance Tools:

Advanced Chart View: Switch from ā€œClassicā€ to ā€œAdvancedā€ for better charts.

OCO (One-Cancels-the-Other) Orders: Automate Take Profit (TP) and Stop Loss (SL) orders.

Price Alerts: Set price alerts on the Binance app for key levels.

Grid Trading Bot (in Binance Earn): Great for trading in sideways markets.

API Access: Connect Binance to third-party tools like TradingView.

āœ… 2. Best External Tools:

šŸ–„ļø Charts & Analysis:

TradingView: The industry standard for charting and technical analysis.

CryptoQuant / Glassnode: Provides on-chain data like exchange inflows and miner reserves.

šŸ“Š Portfolio & Tracking:

CoinGecko / CoinMarketCap: Track market cap, circulating supply, and price data.

CoinStats / Delta / Blockfolio: Apps to track your portfolio.

šŸ” Market & Sentiment:

LunarCrush: Tracks social media sentiment and trends for coins.

Fear & Greed Index (alternative.me): Measures overall crypto market sentiment.

āš™ļø Automated & Bots:

3Commas: Create automated trading bots linked to Binance.

CryptoHopper: Easy-to-use automated bots with a strategy marketplace.

šŸ“¢ News & Alerts:

Binance Announcements Page: Stay updated on new listings, delistings, and updates.

Twitter/X & Telegram: Follow official Binance channels and project updates.

āœ… 3. Risk Management Tools:

Position Size Calculator: Helps you figure out the right trade size based on your risk.

Stop-Loss Calculators: Plan your risk-to-reward ratio.

šŸ“ Bonus Tips:

Use TradingView alerts + Binance alerts so you never miss key price points.

Double-check coin contracts on CoinGecko before buying lesser-known tokens.

For tax tracking, use Koinly or CoinTracking to log your trades.

šŸ‘‰ If you’re new to trading, start with TradingView, Binance OCO orders, and price alerts.