What is TradingView?
Tradingview is a web-based platform that provides advanced charts and tools for traders and investors. Tradingview allows users to access and analyse data from various markets, such as stocks, forex, cryptocurrencies, commodities, futures, and options. Tradingview also offers a social network where users can share their ideas, strategies, and opinions with other traders.
How do I use Tradingview?
To use Tradingview, you need to create an account and log in to the website. You can choose from different plans, ranging from free to premium, depending on your needs and preferences. Once you are logged in, you can access the main features of Tradingview, such as:
- Charting: You can create and customise your charts using various tools and indicators. You can also apply different time frames, chart types, drawing tools, and layouts. You can save your charts and access them from any device.
- Trading: You can connect your broker account to Tradingview and trade directly from the platform. You can also use paper trading to practise your skills without risking real money. You can also set alerts and notifications to keep track of the market movements.
- Screener: You can use the screener to filter and scan the markets for the best trading opportunities. You can use various criteria, such as price, volume, indicators, fundamentals, etc. You can also create your own custom screener or use the predefined one
- Ideas: You can browse and follow the ideas of other traders or publish your own ideas. You can also comment, like, and share the ideas with other users. You can also join groups and chat rooms to discuss trading topics with other users
What are the benefits of Tradingview?
Tradingview has many benefits for traders and investors, such as:
- It is web-based, so you can access it from any device with an internet connection.
- It has a user-friendly interface and a wide range of features and functionalities.
- It supports multiple markets and instruments, so you can diversify your portfolio and find more opportunities.
- It has a large and active community of traders and investors, so you can learn from others and exchange ideas.
- It has a free plan that offers most of the essential features, so you can try it out before upgrading.
What are the disadvantages of Tradingview?
Tradingview also has some disadvantages that you should be aware of, such as:
- It may have some technical issues or glitches from time to time, such as slow loading or inaccurate data.
- It may have some limitations or restrictions on certain features or markets, depending on your plan or location.
- It may have some conflicts or biases in the ideas or opinions of other users, so you should always do your own research and analysis before following them.
- It may have some fees or commissions for certain services or transactions, such as trading or premium features
Which brokers can I use Tradingview on?
Tradingview supports many brokers that you can connect to and trade with. Some of the popular brokers that you can use Tradingview on are:
Oanda: This is a forex broker that offers low spreads, fast execution, and multiple platforms. You can trade over 70 currency pairs with Oanda on Tradingview.
TradeStation: This is a stock broker that offers competitive commissions, advanced tools, and extensive research. You can trade stocks, ETFs, options, futures, and cryptocurrencies with TradeStation.
Forex.com: This is another forex broker that offers tight spreads, high leverage, and diverse platforms. You can trade over 80 currency pairs with Forex.com
Gemini: This is a cryptocurrency broker that offers low fees, high security, and regulatory compliance. You can trade over 20 cryptocurrencies with Gemini
What other tools can I use?
Tradingview has many other tools that you can use to enhance your trading experience, such as:
- Pine Script: This is a programming language that allows you to create your own indicators, strategies, alerts, etc. You can also use the existing scripts from other users or the built-in library
- Bar Replay: This is a feature that allows you to replay historical price movements on your chart. You can use this feature to backtest your strategies or practise your skills.
- Market Summary: This is a feature that shows you the overview of the global markets at a glance.
Conclusion
The Tradingview tool is becoming more and more popular. There is an ever-growing interest from brokers to integrate with Tradingview. We have seen first-hand data showing the popularity of Tradingview and how successful online traders have benefited by using this tool.
For more information on Tradingview and the list of brokers to compare and review please click here
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