Choosing the Right Tools and Automation
There are numerous tools and automation techniques to employ, below are minor examples to select and build on.
Tools
- News Aggregators: Platforms like CoinMarketCal or CryptoPanic that aggregate news and updates from the crypto world.
- Portfolio Trackers: Applications like Metamask, Coingecko or Coinmarketcap that allow you to track the value of your cryptocurrency holdings across various exchanges.
- Exchanges: Platforms like Coinbase, Binance, or Kraken where you can buy, sell, and trade various cryptocurrencies with specific order types
- Security Tools: Software for enhancing the security of your cryptocurrency operations, like VPNs or multi-factor authentication tools.
- Blockchain Explorers: Services like Etherscan or Blockchain.com that allow users to view transaction details and wallet addresses on a blockchain.
Automation
- Alerts and Notifications: Automated systems can provide real-time alerts for market movements, price changes, or news events, enabling traders to make timely decisions based on the latest market data.
- Automated Trading : Orders you can set ahead of time that can execute trades based on predefined terms, market conditions, and trading strategies, allowing for efficient 24/7 trading without constant human supervision.