š Smart traders use extra tools alongside Binance to boost their trading. Hereās a breakdown of the best tools for trading on Binance:
ā 1. Built-in Binance Tools:
Advanced Chart View: Switch from āClassicā to āAdvancedā 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.
ā 2. Best External Tools:
š„ļø Charts & Analysis:
TradingView: The industry standard for charting and technical analysis.
CryptoQuant / Glassnode: Provides on-chain data like exchange inflows and miner reserves.
š Portfolio & Tracking:
CoinGecko / CoinMarketCap: Track market cap, circulating supply, and price data.
CoinStats / Delta / Blockfolio: Apps to track your portfolio.
š Market & Sentiment:
LunarCrush: Tracks social media sentiment and trends for coins.
Fear & Greed Index (alternative.me): Measures overall crypto market sentiment.
āļø Automated & Bots:
3Commas: Create automated trading bots linked to Binance.
CryptoHopper: Easy-to-use automated bots with a strategy marketplace.
š¢ News & Alerts:
Binance Announcements Page: Stay updated on new listings, delistings, and updates.
Twitter/X & Telegram: Follow official Binance channels and project updates.
ā 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.
š 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.
š If youāre new to trading, start with TradingView, Binance OCO orders, and price alerts.