Tracking the market may not be easy, but it is essential for traders seeking success. Volatility may be mutually inclusive with financial markets around the world, but knowledge is power and the right information can tell you when to stick around and when to jump. TradingView is quickly becoming the go-to charting software for professionals and hobbyists alike.
What is TradingView?
TradingView is the premier charting tool used by traders to view real-time, accurate data from financial markets across the world: stocks, forex, cryptocurrencies, and commodities such as metals are listed on the site’s intuitive interface.
The goal? To minimize the noise and present traders and brokers with the information they need to assess the health of their portfolio and plan their next steps. Through 15 fully-customizable chart types, it allows users to collect and analyze recent and historic market trends, as well as offering built-in alert features.
How To Use TradingView
TradingView is primarily an information hub that makes it easy to track and assess trends in the market, but it can also be a great learning tool. This platform comes with a built-in community feature, as well as a paper-trading feature. These two features make it a stellar platform for learning.
By using the information the platform provides, discussing strategies with other users and putting this information to use in a hands-on way through paper trading, new traders can build their knowledge base before risking their own capital. Best of all, this charting tool can work in tandem with many brokers and trading platforms
Brokers Offering The TradingView Platform
New and experienced traders alike can streamline their strategy and level up their portfolio by choosing a trading platform or broker that can be integrated with TradingView. Having data and your personalized charts at your fingertips as you trade can be the difference between profit and loss.
There are many brokers offering the TradingView platform as an integrated part of their service, but these six are some of the most highly rated:
- BlackBull Markets: best for fast trades and high leverage
- Pepperstone: best for intuitive use of TradingView and overall charting experience
- easyMarkets: best for easy charting and fixed, easy to track spreads
- City Index: best for low spreads when using TradingView
- OANDA: best range of ForexTrading pairs with TradingView
- FXCM: best for those looking to upgrade to TradingView Pro for free
By integrating TradingView, these already high quality platforms become more accessible for new traders and more streamlined for experienced traders who want to understand market trends.
To get the best results from using TradingView, take the time to familiarize yourself with the features, charting options, and assess how it works with your chosen broker or trading platform. Understanding the technology is not a substitute for a good trading strategy, but it will eliminate many avoidable mistakes and oversights that could lose you money.
