#TradingTools101 # **Trading Tools 101: Essential Tools for Crypto Traders**
Whether you're a beginner or an experienced trader, having the right tools can make a huge difference in your success. Here’s a breakdown of essential **crypto trading tools** across different categories:
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## **1. Charting & Technical Analysis Tools**
### **A. TradingView**
- **Best for**: Advanced charting, indicators, and drawing tools.
- **Key Features**:
- Customizable charts (candlestick, Heikin-Ashi, Renko).
- Hundreds of indicators (RSI, MACD, Bollinger Bands).
- Social trading ideas from other users.
- **Pricing**: Free with limited features; paid plans for more indicators and alerts.
### **B. TradingLite (Mobile Alternative)**
- **Best for**: Mobile traders who need a lightweight TradingView alternative.
- **Key Features**:
- Clean UI with essential indicators.
- Free with no ads.
### **C. Coinigy (Discontinued, Alternatives: 3Commas, Pionex)**
- **Best for**: Multi-exchange charting (previously supported Binance, Coinbase Pro, etc.).
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## **2. Portfolio Trackers**
### **A. CoinMarketCap / CoinGecko**
- **Best for**: Basic portfolio tracking & market data.
- **Key Features**:
- Watchlists, price alerts, and news updates.
### **B. Delta / Blockfolio (now FTX-owned, alternatives like CoinStats, Accointing)**
- **Best for**: Advanced portfolio tracking & tax reporting.
- **Key Features**:
- Syncs with exchanges via API.
- Trades, P&L, and performance analytics.
### **C. Koinly (Tax Focused)**
- **Best for**: Automated crypto tax reporting.
- **Key Features**:
- Supports 100+ exchanges.
- Calculates capital gains/losses for tax filings.
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## **3. Trading Bots & Automation**
### **A. 3Commas**
- **Best for**: Smart trading bots (DCA, Grid, Options).
- **Key Features**:
- Copy trading, automated strategies.
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