Here’s how traders use additional tools to stay effective

Here’s how traders use additional tools to stay effective

The ever-increasing number of crypto users, despite a year-long bear season, showed that it is never too late to enter the crypto market. Last year began with less than 300 million active crypto users, and even though the crypto market went through impactful events like the collapse of the FTX crypto exchange, the crypto community grew steadily, ending the year with more than 400 million crypto users.

Crypto adoption is particularly strong in emerging markets, while the Middle East and North Africa (MENA) region saw a significant increase, according to Chainalysis’ reports.

Source: Statista

The ever-growing crypto market directly translates into a more mature and challenging trading environment, where traders need a wide range of tools for increased efficiency and confidence.

Traditional ways of trading, such as using crypto exchanges, can be too slow and inefficient in fast-moving markets. That’s why traders of all expertise levels are flocking to trading terminals that boost efficiency with comprehensive toolsets that enable automation and provide the means for in-depth market analysis.

Traders who want to better understand the market, analyze results and quickly change strategies need tailor-made apps designed specifically to meet different goals. For example, day 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 take advantage of rapid market movements.

Founded in 2015, Swiss-regulated fintech firm Tiger.Trade offers a series of trading apps and Web3 services with unique features that enhance the trading experience to help users of all expertise levels achieve more.

Crypto, stocks, futures and more in a single Windows app

Preferred by over 175,000 traders, from scalpers to investors, the native Windows desktop app Tiger.Trade offers a trading terminal where users can trade cryptocurrencies, stocks, futures, currency pairs and options in one place. The comprehensive, user-friendly platform connects to crypto exchanges including Binance, OKX and Bybit, as well as exchanges such as NYSE, NASDAQ and CME, which are accessible through TWS, Rithmic, MetaTrader 5 and many other terminals.

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Source: Tiger.Trade

As traders seek a diverse arsenal of trading instruments, Tiger.Trade for Windows features a range of tools with a minimalist design to help them stay focused on the trading process and achieve their goals. Scalpers can take advantage of the depth of market (DOM) widget with a built-in functional trading panel, customizable settings and cluster analysis. The native chart terminal provides classic candlestick and footprint charts with a comprehensive list of indicators and the ability to build clusters for in-depth technical analysis. In addition, investors can use the watchlist functionality to find the best trading opportunities presented at any given time.

To help new traders test strategies on real-time and historical data without risking real money, Tiger.Trade for Windows also has player training modules and a simulator. The Simulator feature allows traders to experiment and backtest strategies in a real-time environment on a demo account. On the other hand, the player module allows traders to examine strategies on the historical data of any asset for any time period.

Source: Tiger.Trade

On top of that, the built-in Risk Manager protects users’ live trading accounts by helping them stick to their chosen trading strategy and place automated orders to prevent losses.

A native trading app for macOS

Apple Mac and MacBook users get a native trading app written in the Swift programming language that allows the app to achieve best-in-class performance. Tiger.Trade for macOS has a user-friendly interface and efficient trading tools, which are built around speed and efficiency with the needs of day traders and scalpers in mind.

Currently, 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 increase the efficiency of the trading process with analytical tool additions and enhanced trading functionality. The extensive features available in the app cover the entire trading cycle – from pre-trade market analysis to trading and evaluation of post-trade results.

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Source: Tiger.Trade

The app offers mouse-over trading in DOM and chart widgets, price alerts, drag-and-drop order management, hotkey assignments for orders, and a customizable layout to provide an enhanced trading experience for macOS users. Additionally, 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 the full market overview on upgraded TradingView charts, which have more setting options, and highlight key points using the drawing panel feature. It helps traders track price movements and easily spot patterns.

Connect to the Web3 ecosystem

Tiger.Trade is also preparing to launch a Web3 fintech ecosystem to connect traders, retail investors and institutional clients via trading and financial services. Named Tiger.Tradeverse, the ecosystem will introduce a proof-of-trade network, on-chain copy trading and the decentralized exchange TigerDEX.

The proof-of-trade network will use real-time verification of trade performance and help protect investors from traders who falsely promise high returns. This network will become a core layer for Tiger.Tradeverse to help create on-chain services such as copy trading. With the on-chain copy trading function, users will be able to select verified experts and automatically copy their trades via smart contracts directly on the blockchain.

The crypto market is constantly evolving, so it is only natural that traders need more advanced and reliable tools to take advantage of the growth of the space. Developed by a team of international fintech experts, Tiger.Trade aims to help users make smarter trading decisions using a wide variety of trading tools and analytics, creating the ultimate ecosystem of investor apps. Tiger.Trade makes it possible to trade a multitude of assets beyond crypto with advanced tools such as Footprints, Depth of Market, Smart Tape, Watchlist and Risk Manager, while helping newcomers with its simulator and player training modules.

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Users can check the Tiger.Trade desktop apps for Windows and macOS via the official website to better understand how professional traders are ahead of the competition.

Disclaimer. Cointelegraph does not endorse any content or product on this site. While we aim to provide you with all important information we can obtain, readers should do their own research before taking any action related to the Company and bear full responsibility for their decisions, nor can this article be considered investment advice.

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