Among the trading tools that exist, the most powerful tool for trading mostly used by various analyst is trading view.whether you are a beginner or a professional in the trading ecosystem, trading view offers the most lucrative formality for trading, and it helps you navigate the market with confidence. In this article it will offer you the guide to essentials of starting with trading views.
What is TradingView?
Trading view is a platform mostly used by traders for trading analysis. It provides a real world marketing data analysis for traders, professional chart tools and a community where traders can network ideas and strategies. Trading view scope reached a large sphere of market such as: stock, Forex, cryptocurrency, commodity and indices. This makes it a vast choice for traders.
Setting Up Your Account
Sign Up: visit the website, sign up or register for free account, then you can upgrade to a premium account later if you need to use some advance features, it quite important you upgrade to premium because it helps you analysis more professional.
Choose Your Plan: trading come with Various plans, which includes, free, pro, pro+ and premium greeted functions, while the premium options offers more additional features like multiple charts, advanced indicators and more data for analysis.
Navigating the Dashboard
Once you are done with signing up, trading view offers you a dashboard which comes with a quick overview of the main section.
Charting Area: This is the main part of the chart where traders expend most of their times, it allows you to add indicators, drawing tools and customise your chart
Watchlist: this is found on the right side of the chart view, a place where you can keep of your selected stocks, Forex pairs or crypto tradings.
Ideas Stream: this is the channel where traders share their trading or analysis ideas.
Market Data: this is an area of the chart where traders can access things like economic calender, news and some other trading data's
Creating and Customizing Charts
Selecting a Symbol
To start chart, you should select symbols like AAPL for Apple inc.
To take good advantage of trading view sign up here
Time Frames
This allows you to trade or analyse the market in different time frames for seconds to month. The time frame indicator is located at the top left of the trading view, you can select the time frame of your choice.
Adding Indicators
This is a mathematical which is mostly leveraged on price and volume traders use to arrive at their very market data.
Drawing Tools
This is one of the spicing tool that makes trading view exciting, it offers traders with various range of drawing tools which includes, trend line, Fibonacci retracement, .
Customizing Your Chart
This makes you manufacture your chart according to your preference. You can turn your chart into various colours.
Read related post
TECHNICAL ANALYSIS: SMART MONEY CONCEPT.
Type of Chart: select from the bars, lines, area, candlestick and more.
Colors:you can choose the colour of your candle, bars and line according to your preference.
Scales: future the price and scale in time to the way you want them.
Utilizing the Community
Sharing Ideas
Trading view is a community platform which allows traders to share their trading ideas at every point in time, traders makes use of the publishing button at the top of the chatting view. This allows traders to publish their chart along with their post after meticulous analysis.
Learning from Others
It's a trading platforms that allows traders to learn from eachother. Through daily trading analysis posted in the community.
Following Experienced Traders:
Trading view give you the room to mingle with experienced traders, because many of this traders consistently analysis trader and paste in the community for other to see.
Read related post
HOW TO UNDERSTAND TRADING SET UP: A TECHNICAL ANALYSIS STRATEGY.
Participating in Discussions:
It's gives room for for engagement, where traders comment ideas on other traders post.
Advanced Features
Basically this very feature works for the premium subscribers, this will make trading view be more fun and gives you the very best of trading analysis.
Alerts
Trading view offers the Albert tool for traders to help them stay on top of their trading game. It keeps you alert to know the market movement, you can set alert for the various things you are analysing in the market.
Their are some basic this you get from the advance premium lever like the multi time frame, pine script, portfolio management and many more.
Conclusion
Trading view is a broad platform that offers traders the trading feature that can help the achieve their trading goals. By utilising all the trading feature from the free level to the premium level will help you make some informed decisions in your trading ability. With this keep in mind hat successful traders are very patient and gaol driven.
Comments
Post a Comment