How can I effectively track and record my trades in the digital currency industry?

3 answers

• Dec 25, 2021 · 3 years ago
  One effective strategy to track and record your trades in the digital currency industry is to use a dedicated portfolio tracker. There are many portfolio tracking apps and websites available that allow you to input your trades and automatically calculate your profits and losses. These tools often provide detailed analytics and charts to help you visualize your trading performance. Some popular portfolio trackers include CoinTracking, Delta, and Blockfolio. By using a portfolio tracker, you can easily keep track of your trades and have a clear overview of your portfolio's performance.
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• Dec 25, 2021 · 3 years ago
  Another way to effectively track and record your trades in the digital currency industry is to maintain a detailed spreadsheet. You can create a spreadsheet using software like Microsoft Excel or Google Sheets and manually input your trade data. Include columns for the date, type of trade, cryptocurrency traded, quantity, buy/sell price, and any fees involved. By regularly updating your spreadsheet with new trades, you can easily calculate your profits and losses and have a comprehensive record of your trading activity. Additionally, you can customize your spreadsheet to include additional metrics or analysis that are important to you.
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• Dec 25, 2021 · 3 years ago
  If you're looking for a more automated solution, you can consider using a third-party trading platform like BYDFi. BYDFi offers a comprehensive trading interface that allows you to track and record your trades seamlessly. With features like real-time trade history, order book analysis, and customizable trading dashboards, BYDFi provides a user-friendly experience for traders of all levels. By using BYDFi, you can have all your trades recorded in one place, making it easier to track your performance and make informed trading decisions.
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