The art of trading technical analysis can feel like a mysterious dark art to many new investors. However, there are plenty of tools that make learning about technical analysis easy and fun. TradingView is one of those tools. It's a beginner-friendly charting platform that has tons of features for both new traders and pros alike. This guide will walk you through the basics so that you can get started with TradingView in no time!
TradingView is a popular charting tool
TradingView is a popular charting tool. It’s used by individual traders and professional traders alike. TradingView offers users the chance to create their own charts and share them with other users on the platform. This allows you to interact with other traders in real-time, which makes it perfect for anyone looking to learn more about investing strategies, trading tips, or anything else related to financial markets.
TradingView is free to use but if you want access to premium features, such as backtesting your strategies or receiving alerts when price moves against your position (or any other price move), then there are subscription plans available that will charge you $10/month or $99/year depending on how many assets you want to be included in your portfolio along with access for hosting charts or managing positions via the website itself instead of just having them online somewhere else like Google Sheets but still being able to make changes from anywhere at any time by logging into your account once logged out from another device such as laptop vs phone both sides have their benefits.
Sign up for Trading View
Signing up for TradingView is easy. You'll need to provide an email address, password, and ticker (or stock symbol). The paid subscription also comes with a free one-month trial. You can cancel at any time before the end of the trial period and won't be charged anything.
Learning how to use indicators
Indicators are visual tools that can help you spot and confirm trading opportunities, but they’re not necessary for successful technical analysis. Indicators are not the best way to learn how to trade or start your career in this field.
How to read charts
The most important part of the chart is its top and bottom. The top is your highest price, while the bottom is your lowest price.
These prices are connected by what's called a "candlestick." It tells you how much money was made or lost during a given time period. The candlestick can be white, green (up), red (down), or black with white or green on top depending on whether you made money that day or not.
The first line shows you how much money was made during that period in question; the second line shows how much cash flow was lost during this same time frame. This makes it easy to see at a glance which way things are going for each company based on their earnings report.
How to set up alerts
Open the Settings menu by clicking on the gear icon in the upper right corner of TradingView.
Click on Alerts from the list of options that appear.
Click Add New Alert and choose whether you want an email or push notification to be sent as soon as an event occurs, or if you would prefer to receive a reminder later on (in which case it will be sent at 3 pm EST). You can also choose how long before the event occurs that you want to receive an alert (e.g., in 5 minutes or 1 hour).
Select one or more markets and/or one or more time frames for your alerts (hourly, daily, weekly). This will limit them so they don't overload you with too many messages at once!
Tradingview is a free platform for technical analysis, meaning it helps you predict the future price of a stock or other asset by looking at its past performance. The site has tools like charts and indicators, which can help you visualize information in order to make better decisions about when and what to buy or sell. It's one of the most popular sites for trading because it offers extensive support for professional traders as well as users who are just starting out.
Conclusion
To recap, we've walked through the basics of setting up an account and using this popular charting tool. We also discussed how indicators work and what they mean when you're looking at a chart. Now you're ready to start using TradingView! Hopefully, this article has helped give you some insight into how it all works.
.png)