With the constant increase in the number of available theories, tools, and data in the field of trading, this area is becoming more accessible, but at the same time more complex. Platforms like TradingView are designed to simplify the analysis of trading processes, providing various trading tools, including specific TradingView strategies, and teaching the creation of an effective trading environment.
What is TradingView?
TradingView is a web platform that provides traders and investors with all the necessary tools for market trend analysis and making informed investment decisions. Their motto "Look before you leap" well reflects their philosophy, and with 30 million users, they seem to have found resonance with many.
Therefore, to help investors and traders increase their profits, manage risks properly, and avoid losses, TradingView has gathered everything needed in one place.
They also offer free membership without trading obligations, confirming their commitment to helping traders.
TradingView Offerings to Its Clients
In addition to free tools, TradingView provides access to free real data from various regions of the world. However, the free membership has limitations, such as the ability to use only three indicators on a chart, allowing for only basic analysis. Nevertheless, the free features are ideal for beginners who are just starting to understand trading. To access more advanced features, full membership is required.
TradingView offers many features, each aimed at providing the user with the best analysis. Key features include:
Feature Description TradingView Multiple Charts Operate using real-time data and allow analyzing multiple charts on one screen without the need to switch between windows, customize the number of charts, synchronize tools. Technical Analysis and Algorithms With more than 100 indicators, including moving averages, MACD, RSI, Bollinger Bands, and many others. Over 50 drawing tools, such as trend lines, support and resistance levels, technical analysis figures, for visualizing and analyzing market movements. TradingView includes its own programming language Pine Script, backtesting tools. The platform covers most popular trading concepts. Alerts The platform offers 12 different types of alerts, applicable to prices, drawings, indicators, or strategies. Alerts can be set for various events. Screener A filtering tool that allows users to select assets for analysis from a wide range of options. It is useful for identifying trading opportunities that match specific strategies or criteria. Cryptocurrency Capitalization Analysis TradingView provides users with the ability to track and analyze the capitalization of various assets, including stocks, indices, and cryptocurrencies. This functionality is particularly important for investors and traders, as capitalization is a key indicator in assessing the size and significance of companies or markets.
TradingView operates in real time, providing access to the following information:
- major stock exchanges;
- global currency pairs;
- world indices;
- other trading options.
The platform is also connected to various brokers and trading platforms, allowing users to practice trading using simulation tools.
How to Use TradingView?
To start working with TradingView, you need to create an account and go to the "Charts" section. Here, users can enter trading pairs for real-time analysis.
The platform offers various analysis functions, including trend lines, Fibonacci corrections, price ranges, and more. Social and organizational functions such as chats, calendars, alerts, and news are also provided. It's important to spend time studying the analysis tools and use the available resources for learning, including video tutorials and articles, before starting to trade.
Overall, TradingView is a powerful tool for market analysis, helping traders and investors to make informed decisions, manage risks, and increase their chances of success in trading.
