👍Smart traders use tools outside of Binance to complement what’s built into the platform. Here’s a breakdown of the best tools for trading on Binance, both inside and outside the exchange:
✅ 🔧 1. Built-in Binance Tools:
Advanced Chart View → switch from “Classic” to “Advanced” for better charts.
OCO (One-Cancels-the-Other) orders → automate TP/SL.
Price alerts → set alerts on the Binance app for key price levels.
Grid Trading Bot (in Binance Earn) → good for sideways markets.
API access → for automation or connecting 3rd party tools like TradingView.
✅ 🔧 2. Best External Tools:
🖥️ Charts & Analysis:
TradingView → industry standard for charting & technical indicators.
→ Link Binance data directly for live prices.
CryptoQuant / Glassnode → on-chain data like exchange inflows, miner reserves.
📊 Portfolio & Tracking:
CoinGecko / CoinMarketCap → track market caps, circulating supply, price data.
CoinStats / Delta / Blockfolio → portfolio tracking apps.
🔍 Market & Sentiment:
LunarCrush → tracks social media sentiment & trends for coins.
Fear & Greed Index (alternative.me) → measures overall crypto market sentiment.
⚙️ Automated & Bots:
3Commas → lets you create automated trading bots linked to Binance.
CryptoHopper → beginner-friendly automated bot with strategy marketplace.
📢 News & Alerts:
Binance announcements page → follow for listing news, delistings, updates.
Twitter/X & Telegram → follow Binance official channels, and project channels.
✅ 🔧 3. Risk Management Tools:
Position size calculator (apps or websites) → calculate correct trade size based on risk.
Stop-loss calculators → to plan risk/reward.
📝 Bonus tips:
✅ Use TradingView alerts + Binance alerts so you never miss price triggers.
✅ Always double-check coin contracts on CoinGecko before buying lesser-known tokens.
✅ For tax tracking: check Koinly or CoinTracking to log your trades.
👉 If you're a beginner, I’d prioritize: TradingView, Binance OCO orders, and price alerts first.