TradingView: Positive analytics tool useful for traders and investors

08/11/2024 Admin 12 min read

TradingView is an indispensable website for traders and investors in the stock market, Forex, Index, gold, as well as in the cryptocurrency market such as Bitcoin, Ethereum, …

What is TradingView?

TradingView is an online and social networking service provider for Traders, where they can access in-depth technical analysis tools, joining a community full of same traders. Investors.

Traders can use TradingView to track and analyze market charts, including cryptocurrency and stock markets through analytical tools such as Supply Demand, Elliott, Harmonics, Patters, etc. This helps them better understand market volatility, which can make smart trading decisions.

In addition, TradingView also swings to the flexibility and convenience of traders by allowing them to divide the market into different time periods, from the smallest time frame to the long-term time frame, supporting They analyze and invest according to different strategies. This has made TradingView a powerful performance tool for both short-term traders, or long-term investors.

The advantage of TradingView

TradingView stands out with many of the following notable advantages:

Large community: TradingView has an extensive user community with constantly updated, high-precision information that facilitates the sharing of knowledge or trading experience, especially with the large participation of Trader from Vietnam.
Independent of operating system: TradingView’s trading platform is independent and does not depend on any specific operating system, users can easily access from a variety of devices and operating systems.
Multi-frame and multi-market analysis: TradingView allows multi-frame chart analysis with many different currency pairs and markets at the same time.
Diverse market support: In addition to the cryptocurrency market, TradingView also supports many other markets such as forex, oil, securities and many other types of assets.
Intuitive and flexible charting tool: TradingView provides intuitive charting tools with many parameters of the same option for charts, including the most popular candle chart.
Store convenient transaction history: TradingView features convenient transaction history storage, so that users can track and evaluate their trading performance easily.

Benefits when using TradingView invest Crypto

When using TradingView to invest in the cryptocurrency market, investors as well as those involved in Crypto trading will gain significant benefits.

Firstly, TradingView provides an optimal chart analysis platform, making it easy for users to track and analyze price fluctuations of cryptocurrencies such as Bitcoin, Ethereum, … The charts proposed by TradingView are not merely price charts, but also contain common technical indicators and analytical tools, so that investors make calculated trading decisions.

Second, TradingView gives users access to a large community where investors and Trader Crypto can share knowledge, experience and market identification, increase learning opportunities, thereby improving the ability to analyze and make investment options.

Finally, the use of TradingView in Crypto investments also helps investors save time and effort in market analysis, because they can easily access a multi-frame analysis platform and Convenient and accurate multi-market.

How to register an account on TradingView

After an overview of the TradingView tool, if you want to register an account on this platform, you can refer to the steps below:

Step 1: Visit TradingView’s website at: https://www.tradingview.com/. Then click on the person icon in the right corner of the site.

Step 2: Select Language and choose.

Step 3: Click the button Begin and then choose Registration.

Step 4: You will be redirected to the new account registration page (free account).

Step 5: To register, you can choose to register with Email or log in by social network account like Google, Facebook, Twitter, Yahoo, Apple, Linkedin. However, for the best security for your account, you should use Email.

Step 6: Enter the following information:

Username: Your account name, unsigned instant writing.
Email: Enter your Email address.
Password: Enter the password for your account.
Select into the boxes I have read and agree with … and I am not a robot...
Finally, click the button Create an account to complete the registration process.

Step 7: TradingView’s system will send you an email for account authentication. You enter the Email mailbox, and click the verification link to complete the registration process.

After completing the above steps, you were able to start using TradingView to track and analyze investment markets.

Upgrade TradingView account

If the investor uses the default account, you can use TradingView for free with basic support tools. However, if the investor has a higher requirement, register to buy a TradingView PRO, PRO+ or PREMIUM account with more advanced features. In particular, you can also test for free for 30 days with any type of account you want.

The price to upgrade your TradingView PRO account is $ 14.95 per month, PRO+ is $ 29.95 per month and PREMIUM is $ 59.95 per month. However, if the investor chooses to pay a fee over a 2-year period, it will be entitled to a special preferential price (specifically, with the PRO package costing will be $ 9.95/month, PRO+ is $ 19.95 / month and PREMIUM is 39.95 USD / month).

TradingView user guide

If you still don’t understand how to use TradingView, join the FPT Shop to learn more about the platform right below.

TradingView interface

TradingView’s interface is divided into three main parts:

Menu Part: Located at the top of the interface and includes features like Search, Charts, News, Filters, Communities, … This section makes it easy for users to access and leverage tools and information on the platform.
Main Content: The main part is in the middle of the screen, providing aggregated market information, articles from well-known Trader authors, and data related to trading or market analysis. This section so that users can have an overview, details of the market situation.
Toolbar section: Is the toolbar with sidebar located in the right column of the interface. This toolbar is always visible so users can easily track the most important information. The Toolbar section allows users to quickly switch between tools such as Tracking, Alerts, Calendar, Ideas, and Chat, optimizing user experience so they are convenient in managing transactions, interacting on platform.

TradingView chart

Toolbar above

The toolbar above of the TradingView chart contains a range of important support features and tools, for you to perform analyzes and transactions. Here are some important features you can find on this toolbar:

Currency pair name: This is the place that allows you to select different currency pairs for analysis and trading.
Time frame: Contains time frames from Seconds, Minutes, Hours, Days to Regions, which help you measure and evaluate market trends from time to time.
Types of candle charts: Including Japanese candles, Heikin-Ashi, Renko, … help you better understand price movements and market trends.
Compare or add transaction codes: Allows you to compare this chart pattern with other charts to make more accurate trading decisions.
Indicators / Indicators and Strategies: There are many common indicators like Bollinger Bands, Moving Average, RSI, MACD, Ichimoku, for you to calculate based on technical factors.
Template and create alerts: Allows you to use existing templates or create your own trading alert strategies.
Review and save the chart: Help you review previous changes and save the analysis on your chart.
Chart settings and full screen mode: You can customize the chart interface as you like, see the chart in full screen mode.
Take instant photos and publish ideas: Help you capture and quickly share analytics and ideas dealing with the TradingView community.

Toolbar on the left

At the left toolbar of the TradingView chart, you will see a range of technical analysis tools such as “Trend lines” and “Fibonacci” along with many other tools to help you analyze, measure important elements on the chart.

When you click “Trend line”, a small tool window will appear, providing various tools for drawing and measuring price trends, identifying support areas, resistance and price channels, so you can better understand market behavior, identify potential buying and selling points.

Similarly, when you select “Fibonacci”, another tool window will display, suggest different Fibonacci tools and Gann models for you to apply to technical analysis. These tools help you find the right point of sale and make smart trading decisions.

Toolbar on the right

The toolbar on the right of the TradingView chart is an important part that helps you optimize the trading experience:

Watchlist: Contains all product pairs you are interested in analyzing and tracking.
Warning: Where you create and manage alerts for product pairs you are interested in.
News: Allows you quick access to the latest, most updated market news.
Data window: Show details about opening prices, closing prices, peak prices and bottom prices of product pairs.
Hot list: Gather the top 10 stock codes according to criteria such as volume increases, percentage increases and decreases, provided in real time.
Calendar: View and track important upcoming events in the market.
My idea: Store and manage personal trading ideas, which can be shared or saved separately depending on preferences.
Public chat: Connect with other traders through public chat.
Private chat: Send private messages to other users on TradingView.
Idea line: Show trading ideas suggested by TradingView.
Broadcast: New features are being tested to stream trading events and ideas.
Notification: Show notifications from TradingView regarding your account.
Command bar: Connect directly to the linked exchanges to place and manage trading orders.
DOM (Depth of Market): Display the entire Bid/Ask price and allow you to execute trading orders at market prices.

Main Chart area

On the TradingView Main Chart Area, you will see the following features of the platform:

Show chart: Where to display the charts you are viewing. You can draw or install any indicators here.
Chart setting: This feature helps you return to the original chart without having to hover.
Add warning: Where you can set up alerts with specific prices, expiration dates and how to receive notifications.
Deal: Allows you to practice trading on demo accounts.
Add a chart to the watchlist: This feature helps you add currency pairs to your watchlist.
Add notes: You can take notes for yourself and share the chart with others.
Lock the line on the time axis: Used to mark the timeline for a specific candle.
List of objects: Show the list of tools you added in that currency pair.
Topic colors: Allows you to choose a light or dark background.
Chart settings: Contains installation information that helps personalize your chart.

Conclude

TradingView can be seen as one of the most popular technical analysis platforms today, widely used by many investors. Even leading exchanges such as Binance, Huobi, BitMEX, Kucoin, Cryptopia also integrate charts from TradingView, making it easier for investors to analyze and trade on these exchanges. Hopefully through this article, you will have more useful knowledge!