Tradingview is a technical analysis platform favored by many investors. Whether in any stock market, coin, or forex trading, this is still a website not to be missed. How to use the software most proficiently. Let’s Learn Forex Trading in more detail about this platform.
3 basic items to understand about Tradingview
Tradingview is a platform and also a popular technical analysis tool today.
The popular definition of Tradingview
This is a tool that provides price charts in the market. With friendly and easy-to-use interfaces, this is a very popular platform among investors. At the same time, this is also a miniature social network for investors. They can completely discuss their views on investing.
In Tradingview Chart, there are many tools for professional chart analysis. Some of the most used tools include Elliott, Demand, Patterns, etc. These are all tools with intuitive designs and are very easy to use.
Not only that, the platform also provides multiple time frames for easy analysis when trading. From the shortest time frames up to 1 year time frames.
Why is Tradingview necessary for Forex trading?
To make a profit from the market requires you to have many years of practice experience. Each chart you use will bring different results when trading. Investors when analyzing charts will need to draw areas such as support, resistance, trend lines, etc.
Besides the Tradingview platform, MT4 and MT5 are also very suitable for chart analysis. However, why is this platform more popular? Let’s explore some of the reasons below.
At Tradingview, you can follow and update international news quickly. Not only that, users always appreciate the first impression when using this platform. When using it, investors do not encounter any limitations.
The platform provides foreign exchange products from international stocks, CFDs, currency pairs, etc. Not only that, the website also allows investors to take screenshots. And it can be completely shared with the other investor community. You can express your personal opinion about the foreign exchange field.
Is there a fee to use Tradingview?
Currently, the platform provides both paid and unpaid services. You can completely consider your own needs and choose the service that suits you.
Tradingview account types
Currently, there are 4 types of accounts on the platform: Basic, Pro, Pro+, and Premium. The basic account is also known as a free account. For new investors, using a Basic account will be very beneficial. With a Basic account, there will be some disadvantages such as encountering ads and some limitations when using charts.
The 3 types of accounts: Pro, Pro+, and Premium are 3 types of paid accounts and have more features than the Basic account. With a premium account, you can view up to 8 charts at the same time. Can log in to 5 devices at the same time and save more charts. With the premium account, there are up to 25 indicators on the chart while the Basic account has only 3 indicators.
Currently, the Premium account has the highest fee. That’s why this is also the account package with the most features. However, investors should choose the account package that best suits them. Although a Premium account has many uses, it may not be possible to use it all.
Why should you sign up for a paid Tradingview account?
With a Basic account, investors will be able to use features such as 50 diverse drawing tools, 12 charts, and past backtesting for each strategy. Investors can also open demo accounts and simulate trading on the platform. The Basic account also has global data and versatile investor filters. The indicators shown on the chart are 3 indicators.
When registering for a paid Tradingview account, investors will have all the features of a free account. In addition, a fully paid account will have additional unique features. With a premium account, investors can open up to 5 indicators at the same time in one chart. And open 2 charts at the same time in one tab.
During use, investors will not encounter advertising and will receive 10 warnings from the server. Traders can completely create their trading time frames. In the broadcast bar of the time frames, there will be daily frames to review the candle formation process.
See more: Instructions for registering an Exness account
Analyze the pros and cons of Forex trading with Tradingview
The Tradingview platform was founded in September 2011. This platform is chosen by the majority of investors when participating in the financial market.
Outstanding advantages brought by Tradingview tools
Multi-time frame analysis is an outstanding advantage of the platform. Investors can completely analyze currency pairs in many different time frames. This is an extremely outstanding point of Tradingview Download. Compared to other platforms, if investors want to analyze in different time frames, they need to transfer each chart separately.
Not only that, in the toolbars there are also tools to mark buy and sell orders. With this tool, investors can easily mark entry points as well as SL and TP points. Besides, it also helps investors calculate the profit and loss percentage on the account. This is an important point because investors always pay attention to the profit and loss of their accounts.
Tools available on Tradingview
Currently, the portfolio structure of the tool on the platform is extremely friendly and easy to use for investors.
Area 1: Left Toolbar – This is where drawing tools and provided measurement tools are stored. To use these tools fluently, investors need to master analytical knowledge.
Area 2: Top Toolbar – This is the most used place, the category contains tools related to indicators. In this area, you do not need to draw by hand like in area 1. Instead, you can completely use available tools.
Area 3: Main chart – This is the largest item on the main screen. This contains all kinds of charts and is also a place for investors to analyze.
Areas 4 and 5: Right Toolbar – This is where detailed information about the product you want to analyze is displayed. Besides, there is a small bar for investors to connect with other investors.
Area 6: Bottom Toolbar – This is where investors can use it for note-taking or registering for a Tradingview Demo account.
Tradingview app for newbies in financial trading
The Tradingview app is quite convenient to use for investors who regularly view charts on their phones. The main features of the platform are located in the toolbar at the bottom of the screen.
With the Watchlist toolbar, investors can monitor trading codes more frequently. The Chart area is used to view charts as well as set up display settings for charts. News is a place to update economic news and will be divided by trading markets.
Using the phone version will be convenient for investors who often have to travel. This helps investors regularly update news and monitor their transaction codes.
Some disadvantages still need further improvement on Tradingview
TradingView is a charting platform and investment social network with over 30 million users worldwide. Considered the world’s leading website for understanding the need for technical analysis and financial investment news. This platform specifically collects business ideas shared by the user community.
However, the platform still has some disadvantages that need to be overcome. First to mention is the content shared on the platform by traders. Because there is no strict control, the information shared has no quality assurance. Besides, the Tradingview platform sometimes has errors that have not been resolved
Next, the information on ETFs is not complete and complete like other asset types. The platform’s customer support method has not really been perfected yet. There is information that when registering for a Tradingview Download account, the fee is too high compared to the features that can be used.
How to Download Tradingview?
This software updates financial news and index analysis data. This helps investors easily come up with forex trading strategies.
Should I use the Tradingview app on my phone?
Tradingview Download on the phone will help investors save a lot of time. The software will have warning notices as well as the most intuitive portfolio management and chart tracking for investors.
Investors do not need to worry about losing data because all computers and phones will be synchronized. The operation will be much simpler and faster when used on the phone. Investors can also create additional lists for convenient monitoring on the phone.
Compare overview of Tradingview on Computer and Smartphone
In general, whether the application is used on a computer platform or the Tradingview app on a phone, it has its distinct advantages. The desktop version helps traders to set up and use multiple screens conveniently.
Using the computer version also helps users not lose charts and easily access and use the software. Especially for computers that are considered faster than the default browser.
Using the phone version helps investors monitor and use the application anytime, anywhere. Even while on the road, you can turn on the application and use it as usual.
Tradingview Instructions Download quickly – and easily
To be able to use the software on your computer, you can find download links online. After completing the download, click twice on the “Tradingview” file and you will see the “Install” button.
For more convenient use in the future, you should register for a personal account. After registering for a personal account, all your information and data will be synchronized. You do not have to worry about losing data when you turn off the device. Besides, the platform also has account packages from Basic to Pro and Premium for investors to choose from.
Is it complicated to use Tradingview?
This is the platform used by the majority of traders around the world to trade forex thanks to its simple operations. Using the Tradingview app and computer is not difficult, let’s find out in detail.
Tips for effective Tradingview application in Forex trading
Currently, the platform has diversified indicators along with tools for investors to apply to forex trading. For new investors, understanding the meaning of the indicators will make trading easier.
Currently on the platform, the most commonly used indicators are the RSI indicator, Price Action indicator,… Investors can also use drawing tools to draw support and resistance lines.
Tell you some shortcuts on Tradingview
Some shortcuts help you use the software more fluently and save more time. However, please note that keyboard shortcuts can only be used on computers.
- Alt + S: helps you take pictures of charts
- Alt + W: helps you add icons to the list
- Alt + P: helps you open % of the chart
- Alt + N: to start a new note
Instructions for using Tradingview to perform some basic operations
For new investors when trading forex, learning how to operate is essential. Understanding the operations and uses of toolbars will help investors save time when doing technical analysis.
How to filter and track Coins on Tradingview
The platform has an integrated tool called Screener. This is a support tool for investors to filter assets with similar information. This is a free tool so investors can freely use it.
Instructions for using Tradingview to add coins to the watch list, please open the available list. Select the coin code you want to add to the list. Right-click on the code and then select the menu item and add.
How to use Tradingview to filter market buying and selling signals
Instructions for using Tradingview to filter buying and selling signals on the market. You can completely set it in the chart or in the trading panel menu of the platform.
Besides filtering market buying and selling signals, investors can also filter based on analytical signals, etc.
Solution for Tradingview errors
The situation where Tradingview is corrupted or blocked is unavoidable. However, don’t worry because this is completely fixable.
Common errors of the Tradingview app
The Tradingview app platform was born to help investors use it on the phone version. Currently, this platform encounters some quite basic errors such as inaccessibility, login errors, and mouse pointer errors when moving,…
How should users handle such application errors?
Fixing the Tradingview error is not difficult. With the inaccessible error, this is a situation that has appeared since June 2023. This is most likely because the network operator in the US has blocked access to this website. To fix this error, investors can change the language to English. Or download VPN software and enable network switching.
With Tradingview having a login error, you can verify your account by clicking on the link. Only once you have completed verification for your account can you log in.
Conclude
Using the Tradingview platform will greatly help investors in Forex trading. Besides, the platform also provides demo accounts for investors to try trading. Hopefully, the above article of Learn Forex Trading will guide you in using Tradingview more proficiently.
FAQs
Can investors trade directly on Tradingview?
Currently, this platform does not allow direct forex trading here.
What types of accounts does this platform currently have?
Currently, the platform is providing a variety of accounts. The basic account is free and Pro, Pro+, and Premium accounts are paid.
Why is this platform slow to access?
The cause of this problem may be due to the network operator, or because your computer accesses many browsers
