Tutorials

Lesson 03 | Tools for the Trade

Lesson 03 | Tools for the Trade

All right mama, let's get our books, pencils, and uniforms ready for the start of your trading journey! Think back to the first day of school. It’s not just about having any pencil; it’s about having the right one—the one with the grip that doesn't hurt your hand, or the one that clicks just right. Trading is the same. There are thousands of apps out there, and it can feel like a total jungle.

I’ve done the trial and error for you. These are the tools I use every day to trade, store my earnings, and keep track of our family’s "Digital Gold." You don’t need to download every single thing today, but these are the basics that will turn your phone from a social media scroll-machine into a money-making asset.

1. PHANTOM: Your Digital Vault

This is your starting block. Phantom is a "wallet"—but think of it as a highly secure, digital safe. It’s where you’ll hold your crypto tokens or other assets (like Bitcoin or Silver & Gold).

2. TRADING VIEW: Your Map of the World

If Bitcoin is the destination, TradingView is the GPS. This is where we look at "The Charts." It might look like a bunch of squiggly lines at first, but I promise it will start to make sense soon.

Keep it Free: You don’t need the paid version yet. Start with the free one.

3. COIN MARKET CAP: The "Vogue" of Trading

If you want to know if a token is "fashionable" (meaning it’s legitimate and has value), you go here. It tells you the total value of a coin (Market Cap) and, most importantly, the Contract Address.

  • Safety First: JERKS (yes, that’s the technical term) create fake versions of popular coins to trick you. Always copy the contract address directly from CoinMarketCap. Never type it out—always copy and paste, mama!
  • Get it here: https://coinmarketcap.com/

4. EXCHANGES: Your Digital Grocery Store

Think of an Exchange like your local supermarket. You walk in with your "Fiat" (normal government money like USD) and swap it for "Digital Gold" (Bitcoin) or stocks.

Remember, we spoke about Centralized and Decentralized well, this is how it applies to exchanges:

  • Centralized Exchanges are the big-name stores (like Binance or OKX). They are familiar, have customer support, and are great for moving money from your bank account into the trading world.
  • Decentralized Exchanges are built directly into tools like your Phantom Wallet (using a tool called Hyperliquid). These are often faster and have lower fees, which is where we’ll spend most of our time once you’re set up.

Mom Tip: Use the "Grocery Store" (Exchange) to buy your assets, but don't "live" there. Once you buy your Bitcoin, move it into your private Digital Vault (Phantom Wallet) for safekeeping.

The Secret Weapon: The Moms Who Trade App

I know that still feels like a lot to manage while you’re also managing snacks and laundry. That is exactly why we built the FREE Moms Who Trade App. It’s designed to be the "glue" that holds all these other tools together.

Instead of guessing if a trade is "too risky," you’ll use the app to stay safe. It includes:

  • The Trading Calculator: This is my favorite feature. You plug in your numbers, and it tells you exactly how much to buy so you’re never risking more than you’re comfortable with.
  • The Trading Journal: No more messy notebooks. You can log your wins (and those "learning moment" losses) directly in the app to see your progress.

Your Homework: Download Phantom, set up a free TradingView account, and then add the Moms Who Trade App to your home screen

We’re taking this one step at a time. "We can do hard things," but with the right tools, they don't have to stay hard for long.

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