If a worker wants to do his job well, he must first sharpen his tools. --Confucius

If you want to gain a competitive advantage in this rapidly changing market, having the right tools is crucial. In this article, I will combine my many years of trading experience in the industry to share several free currency trading software that I use. If you still only use the exchange to read the market, then this article is worth your collection.

First of all, there are several reasons why I don’t recommend only using the exchange to read the market:

1. The depth of each exchange is inconsistent. If you are a novice, you may not know the specific status and strength of your exchange. After all, there are currently more than 200 exchanges on the market, so if you only use one exchange to read the market, you may not be able to fully see the market liquidity and strength. Other data changes and the opportunity for comprehensive analysis is lost.

2. The data and indicators of the exchange are too simple. Almost every exchange only uses basic data indicators. These indicators are used by almost everyone. They belong to the public consensus and it is difficult to gain a trading advantage.

3. You cannot find arbitrage opportunities such as funding rates and spreads by looking at the market on a single exchange. These operations need to be found across platforms.

4. The current currency market is closely related to TradFi, and you need to understand the changing trends of the entire financial market horizontally. For example, macro fundamental analysis, you may need to understand the impact of foreign exchange and stock markets and other important economic data on the market, so as to find trading advantages based on correlation.

Okay, without further ado, I will analyze the advantages and disadvantages of each tape-reading software. #BTC #ETH #解析cyber #fdusd $BTC $ETH $BNB