What is the trading terminal?
A trading terminal is a software or interface which allows traders to place the buy/sell orders on one or several exchanges. Trading via terminals helps users to place orders faster as compared to doing that in any other ways.
A proper trading terminal is everything you need if you want to get your hands on crypto trading!
Streaming quotes & charts, price alerts, excellent speed, premium research and easy to use functionality keeps you aligned with this fast-moving online trading world.
What can I use it for?
A trading terminal is an integrated set of tools required to trade efficiently and profitably.
Using any trading terminal allows you to:
- make the buy and sell trades;
- track the market quotes/prices;
- access real-time charts;
- analyze charts with indicators;
- track portfolio.
Let’s have the Superorder terminal as an example:
Superorder is the web-based “Next-Generation Trading Terminal” as they claim themselves to be.
Despite the youth of the company they have a strong potential, with the basic features, and their innovative options as well.
Let’s start with the Basic one:
The main and the most important basic function is the ability to trade from one interface using different exchanges and setting profile usability for your own.
The main requirement for the trading terminal software is the ability to place and manage trade orders for the buy/sell, perform technical analysis, and connect to different exchanges from the one place - your trading terminal.
The most significant problem in cryptocurrencies is their many-to-many relationship between traded pairs and exchanges. This means that any coin or token can be sold in different markets at different prices and conditions depending on the exchange - here trading terminals comes to the rescue.
And the unique Superorder features:
Superorder is highly focused on simplicity and automation, that’s where their strategy builder comes from. It was the first thing that I was pleasantly surprised with, and I will explain you how does it work and what can it be used for.
Strategy Builder allows you to program sequences of actions or strategies using a visual drag-n-drop editor. As an example, you can set a “sale of the entire portfolio of altcoins, when Bitcoin hits 20k” or an “execution of the chain of orders one after another (ping-pong strategy)”.
Also, you can set the “take profit and stop loss” at the same time, or dynamically move stop losses based on market conditions
Start the strategy and go to sleep, enjoy your life and your daily routine with no worryings, just check the strategy results later. Once your orders are filled you get a notification from Superorder to your phone.
It automates your trades for your comfort. Let’s stop the jokes about traders with heart attacks caused by the Bitcoin price and their crypto-funds, and allow the strategy builder to make trading way more calm, simple and profitable.
Do not forget that, many things depend on the chosen strategy, preferred currency pairs, and your own expectations.
The second thing is the interface . Despite only beta-version of the Superorder is available now it has a nice to use and simple interface that suits both pro and new traders.
The terminal interface is not cluttered with unnecessary and catchy details, which is very convenient for beginners and experienced traders as well, the design made with an emphasis on simplicity and brevity.
The next thing about this platform would be a huge bonus for many traders, additional features that are not directly available on the exchange but can be used through the Superorder, such as TRAILING SOPS, HIDDEN ORDERS, EXTENDED CHART TIMEFRAMES, PORTFOLIO TRACKING, STOP LOSS and TAKE PROFIT at the same time. Superorder is using the TradingView as the most convenient, popular and user-friendly chart.
Just imagine that your favorite exchange does not have the stop loss order function, but you can use it through Superorder, isn’t it a dream?
Trader’s productivity depends on how good he or she can perceive market information presented through the terminal and how quickly and accurately use its functions, and Superorder is actually easy-to-use.
The product is now in the beta, as I have told before, but soon it will be completely available for use, do not miss the moment, sign up for early access and get two months free usage by clicking on the link and leaving your email.