October 14, 2024

Tradingview service overview: why is it needed and what are its features

Tradingview service overview: why is it needed and what are its features

One of the most popular methods of forming a valuation for a company or fund is technical analysis.The assessment is made by constructing diagrams withusing various analytical tools. Trading View – one of the most widely used free online charting platforms. TradingView users easily create high-quality content to analyze the situation on a particular financial market.

What is TradingView?

Tradingview service overview: why is it needed and what are its features

TradingView – is a graphics platform based onwhich brings together a community of people interested in trading and investing in various markets. The site offers both free and paid tools.

To interact with TradingView, first,what needs to be done – is to create an account. Although this is not necessary to become familiar with it. The process of registering an account on the platform is quite simple and straightforward.

Tradingview service overview: why is it needed and what are its features

Firstly, you can find stocks on the platformalmost all companies and graphics for them. In the open chart window, you can learn more about what analytical tools it offers. Here you can also monitor the latest financial news.

After the user has familiarized himself withinterface, if necessary, we determine the tools for personal trading needs. One of the advantages of this platform is that it has many different charting tools. Here you will find both lines and Fibonacci numbers, as well as more complex tools such as a volume area profile or implied volatility.

After creating the graph, it can bepost so that other community members can express their personal opinions on the idea presented. This will be especially interesting for those who need help or interaction with like-minded people.

In addition to technical analysis, the service allowsuse fundamental indicators like P/E, Cash Flow, etc. Other ways to use TradingView include chart customization: price levels or technical indicator triggers.

Much of the above is availablein the free version, but for more advanced traders, it would be more appropriate to purchase advanced functionality. Thus, the TradingView platform offers four levels: free, Pro, Pro+ and premium. When choosing an account, users rely primarily on personal needs.

In the free version, the user gets accessto one chart and three indicators, but this is where the possibilities for working with charts end. To build more advanced charts, paid versions are used. They are usually needed by professional traders.

Free Trading Ideas

Tradingview service overview: why is it needed and what are its features

Please note that you cannot build a graph yourself.Necessarily. If you need trading ideas, you can visit the “Ideas” on the site and see what others think regarding the development of a particular company or currency. Here are the community's views on a variety of markets, from cryptocurrency to major stocks.

Trading ideas are created on your owndiscretion. Anyone who believes they can contribute can publish their work to introduce it to the community. TradingView has done a great job of providing the community with quality content, it is probably one of the few places to find good quality free content, if not the only one.

Note that after the publication of the chart, the figure does notsubject to editing. Thus, it is possible to compare how much this or that idea was implemented in accordance with the plan. This should be used not to prove that one author is better than another, but to learn and adapt to market sentiment.

Why is TradingView useful?

TradingView – An extremely useful platform that provides users with the ability to chart and analyze market conditions.

Thanks to the flow of information and the growth of financialtechnologies, the analysis can be built on a purely individual approach. For those who want to try their hand at technical analysis, TradingView is a great opportunity. Here you can use your thoughts and the ideas of other traders without having to spend money. If the user needs more features, then paid versions can be used. TradingView – one of the best free charting platforms on the market.