In the following section, we go through 5 obvious prerequisites that we consider necessary for you to become a winning trader/crypto investor.
- Trading view
- VPN
- Wallet – Mobile wallet, Browser wallet, Hardware wallet, Exchange wallet
- Change
The crypto market is sensitive to the hacker attack and it is very important that you are as anonymous as possible when trading and that you save your crypto in a safe place. Different wallets and different trading venues have different security and the risk you are willing to influence your decision on which trading platform you want to use. Let’s go through step by step what the five prerequisites are. We start with the trading and investment tool Tradingview.
About Tradingview
Tradingview is an extremely powerful tool for trading. To start from the right end and not immediately get lost among all the available options and strategies offered, we recommend starting with some simple and very useful settings, which you can easily modify later if necessary.
- Start by creating a watch list. Choose some cryptocurrencies you are interested in following over time, maybe your crypto portfolio or just the ones you plan to invest in. In our example
- When you’ve made your watch list, you can create your own graph layout, with the color palette you want and the indicators you most often want to look at, e.g. moving average or Stochastic RSI (very common indicator for cryptocurrency). To customize your graph click on the settings button on the lower right-hand side. The settings menu will then appear and you’ll be able to change the color of the candlesticks, scales, background or timezone. We have appropriately chosen the color orange 🙂 in our favorite layout.
- Now save your graph layout. Use the cloud button at the top of your toolbar. This allows you to have your own favorite indicators and colors on the graphs every time you go to Tradingview.
Now save your graph layout. Use the cloud button at the top of your toolbar. This allows you to have your own favorite indicators and colors on the graphs every time you go to Tradingview.
About Tradingview
- Platform used by over 30 million traders and investors
- Over 100 pre-built indicators
- Over 50 smart drawing tools
- Alerts for price, indicators and strategies
- Make your own watchlist and customize your strategy and/or visual experience
- Large social network where strategies and knowledge are shared
2. Twitter – follow your crypto projects
3. VPN
VPN is an important tool to protect your privacy and security. You reduce the risk of being attacked by hackers and thus protect your investments.
About NordVPN
- Surf safely on public Wi-Fi
- Very fast VPN
- Strict policy that no logs are saved or private data shared
- VPN servers “everywhere” – 59 countries
- Follow your crypto projects
