Technology

How to Utilize TradingView

When it comes to trading, there are many different schools of thought. Some people look at price charts for abnormalities or vivid fluctuations in order to find the right entry point while others use technical analysis by drawing resistance and support lines based on random data points they come across. TradingView can help figure out when a coin might be overbought or undersold so that their strategies don’t fail as badly. Diving into the world of TradingView can be overwhelming if you don’t know what to look for or where to start. It’s almost the same as not knowing where to start when looking for trading sites and apps.  That’s why we’ve created this beginner-friendly guide on understanding and using TradingView.

What is TradingView?

Imagine being able to share your trading strategies and ideas with the world. With TradingView, you can do just that. Not only will it allow for people from all over to read about what trades are working well, but also get tips on how they could improve their own game as well.

This free platform lets you customize technical indicators, analyze financial assets and create charts is a social network for investors. Users can Observe the price charts of cryptocurrencies like Bitcoin in real-time with the showcase feature called “Charts”. The indicator patterns have been used by millions all around the world, making profits on their trading desks since day one.

With a browser-based interface, C-Trade is the perfect place to trade from your phone or tablet without downloading any additional software. You even have the option of installing an app for Android and iOS if you want more control of what TradingView offers.

Before starting with TradingView, it’s important to look into which trading sites or apps you want to be on. A few great examples for beginners include Kraken, BitiQ, and Coinbase

Costs and Fees

There are free and paid subscriptions that offer more features for traders. The basic account comes with three indicators, but if you want access to additional charting options then it would be best suited as a free trial run before committing time and money into the platform–especially since they’re not intrusive at all. The price breakdown is as follows:

  • Pro: $14.95 – includes features like no Ads, 20 server-side alerts, custom time intervals, and more
  • Pro Plus+: $29.95 – includes features like 4 charts in one layout, 100 server-side alerts, chart data exports, and more
  • Premium: $59.95 – includes 25 indicators per chart, 400 server-side alerts, alerts that don’t expire, and more

Learning the TradingView Chart

Charting customizations can help traders — whether beginners or experts alike–observe the markets in a new way. With all of these options available, it is easy to see why people have their preferred method for viewing graphs on C-Trade’s Trading terminal by right-clicking within the graph area and selecting “Settings”. 

Once you click the “Settings” button, or in this case tap on it with your mouse cursor, you’ll find yourself inside what seems like an infinite amount of options. Let’s go through some basics of the program. 

  • Status Line: With this convenient interface, you can customize your charts to display any data that matters most. You’ll be able to see open prices and shares bought or sold during the time period specified in the top left corner of chart – perfect for keeping up with short term fluctuations
  • Events: The chart allows you to see splits, dividends, and other events in the list.
  • Symbol: This gives you complete control over how your candlestick charts look, where every part of the pattern can be color-coded in whatever way that works best for yourself

Pitchfork Features

The pitchfork indicator is an important part of technical analysis that can help traders recognize trends, determine their level of strength and direction as well as identify support or resistance zones. This three-pointed shape offers insight into what might happen in the future based on how prices have behaved recently; it also shows where there may be opportunities for low sales – if you’re looking to establish positions now before stocks continue trending upwards towards these levels (known most commonly by chartists). Keep this tool around combined with other indicators like MACD.

The Final Take

TradingView is an excellent and free platform for beginners. It has all the tools you need to know in terms of how charts work, as well as technical analysis that will get your investments off on the right foot Trading view, provides educational materials which cover basic principles like charting techniques and signify changes in market conditions with colors accordingly- making it easier than ever to enter into this world of finance without being overwhelmed by information.

Charting tools are a great way to get insight into what is going on in the markets, but it’s important not just to take advice from other traders. All of these social aspects help you learn about technical analysis and trading as well. The integrated network will teach anyone how to analyze charts while staying up-to-date with market trends.

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Ifiokobong Ibanga

Ifiokobong Ibanga is the founder of InfoGuideNIgeria.com. You can get in touch with him on Instagram @ifiokobong. If you need a personal assistance on this topic, kindly send a message. Much Love!

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