When exchanges aren’t enough: Here’s how traders use extra tools to stay efficient
The ever-growing number of crypto users, despite the year-long bear season, has shown that it is never too late to enter the crypto market. Last year started with less than 300 million active crypto users, and although the crypto market has experienced important events such as the collapse of the FTX crypto exchange, the crypto community increased ending the year steadily with over 400 million crypto users.
Cryptocurrency adoption is especially strong in emerging markets, while the Middle East and North Africa (MENA) region is seeing significant growth, according to Chainalysis reports.
The ever-growing cryptocurrency market is directly transforming into a more mature and complex trading environment where traders need a wide range of tools to increase efficiency and confidence.
Traditional means of trading, such as using cryptocurrency exchanges, can be too slow and inefficient in rapidly changing markets. That’s why traders of all skill levels flock to trading terminals that enhance their performance with extensive toolkits that provide automation and in-depth market analysis tools.
Traders who want to better understand the market, analyze results, and quickly change strategies need specialized applications that are built specifically to achieve various goals. For example, intraday traders need fundamental analysis as well as hourly charts to develop better strategies, while scalpers need to quickly open and close their positions in a short period of time to benefit from fast market movements.
Swiss fintech company founded in 2015. Tiger.Trade provides a series of Web3 trading applications and services with unique features that enhance the trading experience and help users of all skill levels achieve more.
Cryptocurrency, stocks, futures and more in one Windows app
Preferred by over 175,000 traders ranging from scalpers to investors, the Windows native desktop application Tiger.Trade provides a trading terminal where users can trade cryptocurrencies, stocks, futures, currency pairs and options in one place. The extensive and user-friendly platform connects to crypto exchanges including Binance, OKX and Bybit, as well as stock exchanges such as NYSE, NASDAQ and CME, which are available through TWS, Rithmic, MetaTrader 5 and many other terminals.
Source: Tiger Trade
As traders seek a diverse arsenal of trading tools, Tiger.Trade for Windows offers a range of tools with a minimalistic design to help them focus on the trading process and achieve their goals. Scalpers can benefit from the Depth of Market (DOM) widget with a built-in functional trading panel, customizable settings and cluster analysis. The proprietary charting terminal provides classic candlestick and trail charts with an extensive list of indicators and the ability to build clusters for thorough technical analysis. In addition, investors can use the watchlist feature to find the best trading opportunities presented at any given moment.
To help new traders test strategies on real-time and historical data without risking real money, Tiger.Trade for Windows also includes player training modules and a simulator. With the simulator feature, traders can experiment and test strategies in real time on a demo account. On the other hand, the player module allows traders to learn strategies on the historical data of any asset for any period of time.
Source: Tiger Trade
In addition, the built-in risk manager protects users’ live trading accounts, helping them stick to their chosen trading strategy and place automatic orders to prevent losses.
Native trading app for macOS
Apple Mac and MacBook users get a native trading application written in the Swift programming language, which allows the application to achieve best-in-class performance. Tiger.Trade for macOS features a user-friendly interface and powerful trading tools that are built with speed and efficiency in mind for the needs of intraday traders and scalpers.
For now, the app allows traders to connect to Binance, but the company plans to add other crypto exchanges in the near future. The macOS app helps you streamline your trading process with analytics add-ons and advanced trading features. The application’s extensive features cover the entire trading cycle, from pre-trade market analysis to trading and post-trading performance evaluation.
Source: Tiger Trade
The app offers DOM mouse trading and chart widgets, price alerts, drag-and-drop order management, order hotkey assignment, and a customizable layout to provide macOS users with an enhanced trading experience. What’s more, investors can add as many indicators as needed for each trading instrument, facilitating any level of analysis a trader needs to make informed decisions.
Tiger.Trade users on MacOS can see a complete view of the market on the updated TradingView charts, which have multiple customization options, and highlight key points using the drawing panel feature. It helps traders track price movements and easily spot patterns.
Connecting the Web3 Ecosystem
Tiger.Trade is also gearing up to launch a Web3 fintech ecosystem to connect traders, retail investors and institutional clients through trading and financial services. The ecosystem, called Tiger.Tradeverse, will introduce an authentication network, on-chain copy trading, and a TigerDEX decentralized exchange.
The Proof of Trade Network will use real-time trading performance verification and help protect investors from traders who falsely promise high returns. This network will become the main layer for Tiger.Tradeverse, helping to create on-chain services such as copy trading. With the on-chain copy trading feature, users will be able to select trusted experts and automatically copy their trades using smart contracts directly on the blockchain.
The cryptocurrency market is constantly evolving, so it is only natural that traders need more advanced and reliable tools to capitalize on the growth of the space. Developed by a team of international financial technology experts, Tiger.Trade aims to help users make smarter trading decisions using a wide range of trading tools and analytics, creating the perfect app ecosystem for investors. Tiger.Trade allows you to trade multiple assets besides cryptocurrencies with advanced tools such as footprints, Depth of Market, Smart Tape, Watchlist and Risk Manager, and helps beginners with its simulator and player tutorials.
Users can check the Tiger.Trade desktop applications for Windows and macOS through the official Web site to better understand how professional traders stay ahead of the competition.
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Credit : cointelegraph.com