Phemex Trading Platform & Tools for Trading Strategies

The trading platform on Phemex is straightforward to use, which is perfect for a newcomer. At the same time, it carries with it all the analytical tools and functionalities that the advanced trader would require.

Let's look into the trading platform and tools of Phemex Review.

1. Desktop Platform

Phemex offers a cloud-enabled desktop version through which you can trade from anywhere in the world. Additionally, the trading interface is user-friendly. However, despite its simple Phemex user interface, it consists of a plethora of inbuilt technical analysis tools and indicators to meet the demands of professional traders.

Moreover, the site allows custom-built indicators to be imported. This is a critical feature of institutional traders who use their technical analysis tools.

Moreover, you also have the option to utilize the Order Book to place your orders and monitor and manage your running positions. Along with that, you have the right to access real-time price alerts and numerous order types, including limit orders, market orders, and conditional orders.

Besides that, you can export your previous trades to other trading platforms to analyze your past performance further and improve your different trading strategies.

The features and functionality of the Phemex Review desktop make it suitable for both rookie, retail traders, and grizzled institutional traders.

2. Charts and TradingView

The Phemex Review trading system has a modular design, which allows traders to personalize their dashboard as per their preference. The vanilla has the following features:

●      Order book

●      TradingView-powered chart

●      Order menu

●      Live positions

●      Recent trades

●      Order book depth chart

●      Crypto perpetual contract details

●      Trading account display

The inherent nature of Trading View makes it one of the reasons why users prefer this trading platform over others.

3. Mobile Platform

Phemex Exchange has a mobile trading application through which traders can analyze the markets, open and close their positions, and monitor them on their mobile. Both iOS and Android trading platforms have apps available through which you can download these respective app stores.

The mobile app comes with the most built-in tools and features that you can find in the desktop app. Also, the user-friendliness and clear views of the app make it suitable for users to access the app on their mobile phones.

The app includes key technical analysis tools like built-in indicators, various timeframes, chart formats, and order types. Although the desktop version is more user-friendly, the mobile app is very capable and can handle your trading requirements if a desktop is unavailable.

This displays the ping in the top right corner of the chart, indicating the time delay between the actual price and the Phemex servers. The time lag is crucial to consider in a trade, particularly in shorter time frames.

Conclusion

Phemex is a recent cryptocurrency exchange that has gained considerable popularity recently. One reason to choose Phemex Review is its nameless trading option, allowing you to create an account and start trading without KYC.

Additional reasons to choose Phemex include 100x leverage, support for various cryptocurrencies, sub-account features, a modular interface, and advanced order types.