How to trade on Poloniex
If you have accounts on multiple exchanges, you can connect and manage them all on Cryptowatch.
You can connect your exchange accounts by generating API keys on the exchange site, then plugging those keys into Cryptowatch’s Exchange Keys page. See this article for some tips on API key security, if you haven’t already.
Cryptowatch is a one-in-all platform for traders. You can trade directly on the charts, customize powerful indicators and overlays, and manage your multi-exchange portfolio. Our alerts system lets you set SMS or email alerts for price and volume directly on the charts.
In Cryptowatch, click the My Account button in the top-right corner, then select Exchange Keys from the menu:
The Exchange Keys page is where you can plug in API keys from trading- and portfolio-enabled exchanges into Cryptowatch:
Cryptowatch connects to your exchange accounts using the public and private keys generated by the exchange. API keys generally come in pairs — one public key, and one private (like a crypto wallet). As you will see soon, these keys can be set up to allow or disallow different actions.
You can open Poloniex in another window and sign in, or click the Generate key here button in the Poloniex square on Cryptowatch's Exchange keys page. Enter your Poloniex account credentials on the login screen to create a new API key.
Alternatively, you can reach the API page on Poloniex by clicking Settings in the top-right of the page, then API Keys in the menu bar. You may see the message “API ACCESS IS DISABLED” — click the Enable API button to continue.
Poloniex will send a confirmation email when you click the button. Follow the confirmation link to continue creating an API key (the link expires in 15 minutes).
When you follow the confirmation link, Poloniex will open in a new window with your API information:
Make sure the Enable Trading option is checked. This function is required to enable trading through Cryptowatch.
Open Cryptowatch’s Exchange Keys page in another window. Copy the API Key from Poloniex (the first field labeled API Key on Poloniex — a string of letters and numbers) into the API Key field on the Exchange Keys page:
Next, copy the Secret key (the second field on Poloniex’s API page labeled “Secret”) and paste it into the API Secret field on the Exchange Keys page (Cryptowatch).
Cryptowatch will automatically attempt the connection to your Poloniex account once both keys are pasted in. If successful, the box will turn green and hide your API keys:
If you received an Invalid Key, Unprivileged Key, Key Not Exclusive, or Unhandled error, visit the Connecting exchange accounts article for troubleshooting tips
Poloniex traders can use Cryptowatch’s advanced charts to trade and perform technical analysis as well as track their funds alongside any other exchange accounts on the Portfolio page. For a quick overview of these features, scroll down to the Trade on Poloniex and Poloniex Portfolio sections.
Check out these articles to learn more about trading and analysis on the Charts page:
These articles demonstrate the Portfolio page:
Cryptowatch’s alerts function is a favorite among traders as well. Check out these articles to learn how to set alerts for price, volume, and order fills:
Now you can use Cryptowatch to trade on Poloniex markets!
A good way to get started is to visit the Markets page, then filter the list by exchange. Click the Exchanges drop-down list on the left and select Poloniex. Alternatively, type “Poloniex” in the search bar to narrow the exchange list down.
This will filter the list to show Poloniex markets only. If you want to view markets for a specific asset, use the Asset’s drop-down list to filter the results even further. Clicking any market here will open that market in the trading terminal.
You can select multiple assets on the Markets page to quickly compare markets.
Cryptowatch offers a variety of tools that can enhance your trading on Poloniex.
You can:
Do technical analysis and chart drawings while you trade
View real-time order book and trade history feeds on the chart
Track your balances across multiple exchanges in real-time on the Portfolio page
Receive SMS and email alerts for price and volume and order-fills
Chat with other traders in the Trollbox
Create and save custom themes
Stream prices and order books with the Market Data WebSocket API
Pull market data into Google Sheets with the Cryptofinance.ai plugin
Automate orders and alerts using triggers and actions with Zapier integration
After selecting a market from the filtered Markets list you will be taken to the Charts page. This is the trading terminal where you can perform analysis and submit trades:
On the right side of the page is the trading form. This is where you’ll enter the details of your trade, like direction, order type, price and volume. The trading form varies based on the options available on the current exchange. If you don't see the form, it is most likely hidden. Click the vertical bar on the right hand side of your screen to expand it.
Section | Description |
Action | Choose whether you are buying or selling |
Type | Drop-down menu for selecting an order type |
Leverage | Select whether the trade is Spot or Margin |
Funds | Shows your available funds for performing whichever action is selected (buy or sell) |
Quantity | Enter the total quantity (a.k.a. volume) of your order here |
Price | This option is available for Limit, Stop Loss and Take Profit orders. Input the price you want the order to trigger at |
Loan Rate | Specify the maximum daily interest rate you want to pay if your order opens new loans |
Total | This is the total value of your trade order, a product of quantity and price |
For an in-depth guide on submitting trades, check out the How to trade on Cryptowatch page.
On the price chart above you can see Bollinger bands surrounding the candlesticks on the price chart. Bollinger bands are a selectable overlay that visualize expected market extremes around a Simple Moving Average.
You can click “More info” under the Info tab in the Analysis menu to learn more about any overlay or indicator on Cryptowatch:
In the price chart image above there are a few indicators on display. From top to bottom:
MACD (Moving Average Convergence Divergence)
Relative Strength Index (RSI)
Volume
Volume and MACD are present by default.
You can use any combination of indicators, drawing tools and overlays to help you analyze and predict trends.
Go to the Portfolio page to see how your orders, positions and crypto holdings are performing across all connected exchanges. You can sort your portfolio by exchange if you want to isolate your Poloniex activity, or by asset to see how your holdings are doing.
For a closer look at the Portfolio page and the tools within, check out these articles: