What is TradingView?
TradingView is a platform that provides price charts in the financial markets, favored by investors. With TradingView, investors can track and examine market movements with a wide range of tools.
The portal offers data on prices and trade volume of different assets, financial charts, and technical analysis tools. Many markets, including those for equities, cryptocurrencies, commodities, etc., are supported by TradingView.
Furthermore, the site has social capabilities that enable users to exchange thoughts, evaluations, and tactics with the community. TradingView offers a free version for novice investors as well as a subscription edition with sophisticated tools.
Advantages of TradingView
TradingView was developed to solve issues including information interruption, a lack of comprehensive perspective, and a deficiency of analysis tools. Using TradingVi
w has the following benefits:
- Analyzing simultaneously across indexes, currency pairs, and periods.
- Maintaining trading records to enable users to monitor and assess performance, ultimately devising future tactics.
- Supporting several kinds of markets, such equities, oil, cryptocurrency, etc.
- Users can select appropriate analysis methods with ease because to multi-parameter, visually appealing, and adaptable charting tools.
- Users can effortlessly access from many devices and operating systems due to its independence from operating systems.
- Large user base, highly accurate information that is updated frequently, and an environment that encourages the sharing of experiences and knowledge.
How to register for TradingView
- Visit https://www.tradingview.com/
- Click on the profile icon in the top right corner of the screen and select “Sign in”
- Choose the login method (email, Facebook, X…)
- Enter your name and agree to the terms
- Click “Next”
To finish the registration procedure, go to your inbox and click the verification link that the system will send you as an account verification email.
Upgrading your account
A default free account with limited support tools is available from TradingView. To access more sophisticated tools, investors must have a TradingView PRO, PRO+, or PREMIUM account. Specifically, users have a 30-day free trial period prior to an official purchase.
To upgrade your account, take these steps:
- Open the “Account & Billing” section by clicking on your account name from the list of accounts in the upper left corner of the screen.
- Scroll down to “My Plan” and select “Change Plan”
- Choose the upgrade packages with the desired features
- If you want to try it out, click on “Try free for 30 days” then enter your phone number and code to register
- If purchasing immediately, select “pay now”
- Tick to agree to the terms
- Choose the payment method (annual or monthly) and click “Next”
- Choose the nation and trading platform you want to monitor. Official real-time data access from exchanges is not available with TradingView’s subscription packages unless the data is free. Real-time data is typically charged for by exchanges and must be purchased individually by users.
- Fill in the payment information and click “Complete your purchase”
Using TradingView guide
TradingView interface
The basic interface of TradingView includes:
- Users can access tools and information on the platform through the menu at the top of the screen, which offers categories including products, marketplaces, community, news, etc.
- The toolbars feature a sidebar located on the right side of the interface, which presents rather extensive information regarding market assets. To enhance the user’s experience, frequently used tools and information can be customized.
- The center section of the screen has the major material, which includes news, analysis pieces, and a wealth of market information sourced from other online sources. Many of them are from well-known specialists who are traders.
View charts
The main section shows the chart of the chosen asset; users can view it in various timeframes, apply technical analysis tools, and immediately draw and annotate to provide content for trading methods.Right-click on the chart to:.
- After setting up the chart, you can go back to the old one without adjusting the mouse.
- Add alerts with specific prices, expiration dates, and notification methods.
- Trade to execute trades directly on the account.
- Add the chart to the watchlist.
- Add notes, for personal use or sharing with others.
- Lock the vertical cursor line by time to mark specific candlestick time points.
- Color settings for visual, detailed display.
- The settings section helps personalize the viewed chart.
The top toolbar includes features (from left to right):
- Currency pair name: For trading and analysis, users can select various currency pairs.
- Timeframe: TradingView has frames such as daily, monthly, hourly, minute… helping viewers measure and evaluate asset price trends.
- Chart type: Offers a range of chart formats for users to assess and examine according to distinct standards
- Compare or add symbols: To improve decision-making accuracy, compare this chart to others. technological factor-based indicators and computation techniques.
- Templates and create alerts: Use available templates or create custom trading strategies..
- Examine and store earlier data and analyses.
The left toolbar has capabilities that allow users to assess volatility and study charts immediately on the computer, like rulers, handwritten input, highlights, draws, and Fibonacci.
The “Trend Line” section offers tools for measuring and charting price trends, highlighting price channels, support, and resistance zones. These tools aid in improving users’ comprehension of market behavior and help discover possible trading windows. Technical analysis is done using the tools and Gann models in the “Fibonacci” section.
The right toolbar includes features (from top to bottom):
- Watchlist: Users’ desired product pairings.
- Alerts: Establish and oversee trade level notifications for particular merchandise.
- Data window: Information on asset pair prices at open, close, high, and low.
- Hotlist: a collection of the top 10 notable asset codes based on real-time metrics including volume rise, percentage change, and reduction.
- Ideas: Arrange and preserve individual trade concepts.
- Chat: Communicate with other users through public and private channels.
- Ideas Stream: TradingView offers recommended trades.
- Broadcast: Presenting live events and exchanging concepts.
- TradingView Notifications
Guide to filtering Buy/Sell signals
- Visit https://www.tradingview.com/crypto-screener/ or go to the “Products” section, “Screeners” and select “Crypto Pairs”
- Sort the results based on multiple parameters like trade volume, exchange, top growth, top weakening, and time. (To modify particular parameters, select “Filters”).
A list of projects with numerous significant criteria is displayed by this function. In order to advise investors, technical ranking rates whether to purchase, strongly advocate buying, normal, etc.
>>> Top 4 best cryptocurrency exchanges worldwide
Conclusion
With its handy features and easy-to-use layout, TradingView is an effective tool for traders. The international financial community favors this option. To do technical analysis and keep an eye on market indications, users must possess a strong knowledge foundation. TradeView allows users to instantly update market knowledge, engage with like-minded others, and develop logical trading strategies.
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