Introduction to TradingView: A comprehensive guide for investors

Do you consider yourself an avid internet trader who is always on the lookout for the next great thing? Are you seeking a trustworthy platform with everything you need to make better, quicker trading decisions? Then TradingView might be the answer; it’s revolutionizing the trading industry at every level. TradingView has been lauded by traders, investors, and even large organizations for its intuitive design and smooth operation.

It is a popular web-based platform for traders and investors, providing various tools for technical analysis, charting, and social networking. This article provides a comprehensive guide to TradingView, including the key features, benefits, and tips for successful trading and investing. The best trades require research, and then commitment.

Getting Started with TradingView

The first step is to sign up for an account on the platform’s website. Once signed up, investors can choose from several subscription levels depending on their needs and budget. The subscription levels range from a free basic plan to paid plans with additional features and benefits.

Pricing and TradingView Packages

TradingView offers three paid plans in addition to its free plan.

Free: The free TradingView Basic subscription gives you access to most of TradingView’s features, but with certain restrictions. Users can only see one chart at a time and set one alert. You can test the platform’s features by signing up for a free account.

Pro: This version removes desktop ads and allows you to set up to 10 server-side notifications, among other perks. The Pro plan costs £14.95 per month.

Pro+: In addition to all the features available to Pro users, Pro+ subscribers can customize their indicators and export their chart data. The monthly fee for a Pro+ account is £29.95.

Premium: Upgrading to TradingView Premium unlocks unlimited use of all features. The Premium plan consists of the Pro+ account package with additional capabilities, such as generating up to 400 alerts. The standard monthly fee for the Premium plan is now £59.95.

After subscribing, users will be directed to the TradingView dashboard, which provides a comprehensive overview of the platform’s tools and features. The dashboard includes a customizable watchlist, charting tools, and various indicators for technical analysis. New users must familiarize themselves with the dashboard and its different components, which you can customize to suit their needs. With this foundation, users can begin to explore the various features of TradingView and how they can use them to improve their trading and investing strategies.

How does TradingView work?

You can access TradingView’s comprehensive market data before creating an account. Three different apps are available for users to choose from – a web app, a desktop app, and a mobile app. You may conduct currency searches on TradingView in various ways, including by ticker symbol, trading concept, instructional notion, or script.

You can find a wealth of information, including an economic calendar, real-time charts, currency, cryptocurrency, brand-new articles from widely-read authors, etc. There is a wealth of information on TradingView for those new to trading and hoping to get their feet wet in the financial world.

Key Features of TradingView

TradingView offers a wide range of features, making it a popular platform for traders and investors. These features include:

1. Advanced Charting: TradingView provides various charting tools that allow users to customize charts to suit their needs. Users can choose from various chart types, such as line, bar, and candlestick charts, and also apply a range of technical indicators to their charts.

2. Trading Community: TradingView provides a social networking platform for traders and investors. Users can interact with other traders, share their ideas and analysis, and learn from each other’s experiences.

3. Watchlists: Users can create watchlists of their favorite stocks, currencies, and other financial instruments and monitor their real-time performance.

4. Screeners: TradingView provides a range of screeners that allow users to filter stocks and other financial instruments based on their specific criteria.

5. Alerts: Users can set up alerts to receive notifications when specific stocks or other financial instruments meet their criteria.

6. Backtesting: TradingView provides a tool that allows users to test their trading strategies against historical data to see how they would have performed in the past.

7. Broker Integration: Several brokers have collaborated with TradingView, offering their clients access to the platform’s community features, advanced charting tools, and analytical resources combined with the broker’s pricing and market data. This integration allows traders to benefit from the best of both systems, resulting in a more insightful and seamless trading experience. Even better, traders can enjoy discounted fees or subscription benefits by signing up for the broker’s services through TradingView.

Tips for Successful Trading and Investing on TradingView

Here are some tips for successful trading and investing on TradingView:

1. Use Technical Analysis: TradingView provides a range of technical indicators and charting tools that can help users to identify trends, support and resistance levels, and other vital factors that can influence the performance of stocks and other financial instruments.

2. Use Screeners: TradingView provides a range of screeners that allow users to filter currencies or other assets and other financial instruments based on their specific criteria. Using screeners, users can quickly identify assets and other financial instruments that meet their trading or investing criteria.

3. Set Alerts: TradingView provides an alert feature that allows users to receive notifications when specific or other financial instruments meet their criteria. By setting alerts, users can stay on top of market trends and be alerted to potential trading or investing opportunities.

4. Learn from the Trading Community: Collaboration is an important aspect of TradingView, which allows users to connect and share ideas with other traders and investors. Users can join communities or create their own, where they can post their charts, ideas, and analysis. These communities allow users to interact with each other, ask questions, and provide feedback on each other’s ideas.

Users can also follow other traders and investors on TradingView, which provides real-time access to their ideas and charts. Users can also send direct messages to other users, making collaborating on specific ideas or projects easier. The platform also provides a range of social features, including comments and likes, which encourage interaction and help users to build a following. Overall, the collaborative features of TradingView provide a valuable resource for traders and investors, enabling them to share ideas, gain insights, and ultimately make more informed trading decisions.