What is TradingView?
TradingView is a charting platform that offers market-analysis software to help you make informed trading decisions. It is also the most prominent trader and investor social network on the web with 50+ million users.
Key takeaways
TradingView is a comprehensive charting platform for financial-market analysis.
The platform provides a vast array of tools for technical and fundamental analysis, including customisable charts, indicators, and alerts.
Offers a robust social community with features for sharing ideas, learning, and networking with traders worldwide.
TradingView supports various markets and asset classes, catering to different types of traders.
Seamlessly integrates with Capital.com, allowing users to trade directly through the platform.
TradingView explained
Launched in 2011 by visionary trio Stan Bokov, Denis Globa and Constantin Ivanov, over the years TradingView has garnered an esteemed reputation as a comprehensive charting and social networking solution for the financial community. With a myriad of advanced features and interactive tools, the platform accommodates traders of all skill levels.
The platform’s users have access to a vast range of technical analysis indicators, drawing tools, and customisable charts. Additionally, TradingView facilitates global market data coverage, ensuring that traders have real-time information at their fingertips.
How to use TradingView: Key tools and features
There are many ways in which you can utilise TradingView to enhance your trading experience. As a powerful financial platform, it equips traders with an extensive range of exclusive TradingView tools and features designed to support market analysis and informed decision-making.
Charting tools and analysis features
Advanced charts: Users can choose from various chart types including candlesticks, Heikin Ashi, Renko, Kagi and many more, as well as multiple time frames and themes, making it easier to analyse price movements and identify patterns. TradingView also enables simultaneous comparison of different assets or time frames through customisable multi-chart layouts.
Technical indicators: TradingView boasts a vast selection of over 100 in-built technical indicators, including Moving Averages (MA), Relative Strength Index (RSI), Moving Average Convergence / Divergence (MACD), Bollinger Bands, candlestick pattern recognition, and many more, which can help traders analyse market conditions and trends.
Drawing tools: The platform offers an extensive suit of drawing tools that allow users to annotate their charts and perform detailed technical analysis. Some of these tools include trend lines, Fibonacci retracements, support/resistance levels, and many more.
Trading alerts: Users can set custom alerts based on price levels, technical indicators, or specific events, ensuring they stay informed about significant market movements. These alerts can be delivered via visual popups, audio signals, email alerts and email-to-sms alerts, and also PUSH notifications sent to a mobile phone.
Financial analysis: TradingView also incorporates fundamental tools such as valuation ratios and analysis, financial statements, as well as historical company data, to help traders perform fundamental analysis.
Market data coverage: The platform provides extensive market data coverage, encompassing stocks, foreign exchange (forex), commodities, and more.
Pine script: TradingView allows users to create their own indicators, strategies and alerts using the platform’s Pine ScriptTM programming language.
Social community and network
TradingView’s social community and network features offer traders a unique opportunity to join a bustling community of like-minded people from around the world to learn from each other, share ideas and collaborate. Some of the TradingView features include:
Trading ideas: Trading Ideas is the heart of TradingView's social networking aspect. Here, you can discover and share trading strategies, tactics and analysis with a global community of traders. Browse through ideas posted by others, comment, and engage in discussions to learn from their perspectives and experiences.
Follow users: You can identify experienced traders whose ideas resonate with you and follow them. By doing so, you'll receive updates whenever they post new content, allowing you to learn from their insights and apply their strategies to your trading approach.
Video streams: TradingView also offers live video streams where other traders share their market insights, analysis, and strategies in real-time. These streams provide an interactive learning experience and allow you to ask questions or discuss topics directly with the streamer.
TradingView chat: You can engage in real-time discussions with fellow traders through the platform's chat feature. Join topic-specific chat rooms or create your own to discuss market trends, news, and analysis with like-minded individuals.
How to connect Capital.com to TradingView
You can trade with Capital.com on the TradingView platform to enjoy an unparalleled trading experience powered by exclusive charting tools. To connect the two accounts, follow these steps:
Sign in or create an account
You need to open your Capital.com account to enable TradingView.
Open TradingView trading panel and choose Capital.com
Log in to your TradingView account, then go to the Charts tab and select a Trading Panel section at the bottom of the page. You will see a list of different platforms integrated with TradingView. Select Capital.com and click ‘Continue’.
Connect and authorise
If you are logged in to Capital.com, you will see the authorisation screen coming up through a pop-up. Allow the authorisation to complete the connection.
Congratulations. You have successfully integrated your Capital.com account with TradingView.
Who can benefit from using TradingView?
TradingView is a valuable resource for traders and investors of various backgrounds and interests, regardless of their skill level, the asset class they are trading or strategy.
Traders of all levels, from beginners to advanced
TradingView is a versatile platform that caters to traders of all skill levels, from novices to seasoned professionals.
Beginners can benefit from the user-friendly interface, educational resources, and a supportive community where they can learn from experienced traders.
Advanced traders, on the other hand, can take advantage of the platform's charting tools, technical indicators, and sophisticated analysis features to make more informed trading decisions.
Different types of traders, such as stocks, commodities and forex
The platform's extensive market coverage makes it a valuable resource for various types of traders, including those involved in stocks, forex, commodities, and other asset classes.
Stock traders can access real-time quotes, earnings data, and other essential information to help them make informed decisions.
Forex traders can analyse currency pairs and stay up-to-date on economic news affecting exchange rates.
Commodity traders can monitor the prices of various commodities, such as oil, gold, and agricultural products, and use advanced charting tools to identify potential trading ideas based on supply and demand dynamics.
Investors seeking data-driven insights and analytics
TradingView is not just for active traders; investors seeking data-driven insights and analytics can also benefit from the platform's features.
Fundamental analysis tools, such as financial ratios, earnings data, and economic indicators, help investors make informed decisions based on a company's performance and market conditions.
Additionally, the platform's social community allows users to share ideas, insights, and strategies, fostering a collaborative environment for investors to learn from one another and stay informed about market trends.
Final thoughts
TradingView has established itself as a comprehensive platform for traders and investors from all walks of life. With its extensive range of charting TradingView tools, technical indicators, and TradingView features, the platform caters to the diverse needs of its users, allowing them to make informed decisions in the dynamic financial markets.
The platform's versatility in offering advanced charts, detailed technical analysis, and extensive market data coverage makes it a one-stop solution for various types of traders, including those dealing in stocks, commodities, forex, and other instruments. Moreover, TradingView's Pine Script programming language enables users to create custom indicators, strategies, and alerts, further enhancing their trading experience.
The social community and networking aspect of TradingView is another key strength, enabling users to collaborate, share ideas, and learn from each other. The platform's various features, such as Trading Ideas, video streams, and chat rooms, foster a sense of camaraderie among traders and investors, encouraging the exchange of knowledge and insights to improve trading outcomes.
Furthermore, by connecting to trading platforms like Capital.com, users can seamlessly integrate the power of TradingView's tools and features into their trading experience. This integration allows traders to harness the full potential of TradingView while executing their trades with their preferred broker.
FAQs
What is TradingView used for?
TradingView is primarily used for financial market analysis, offering advanced charting tools, technical indicators, and social networking features to help traders and investors make informed decisions across various asset classes such as stocks, forex, commodities, and more.
How to trade on TradingView?
To trade on TradingView, users can connect their preferred brokerage accounts,such as Capital.com, through the platform's trading panel, allowing them to execute trades directly from the charts.
Is TradingView free to use?
TradingView offers a basic free tier, but also provides paid subscription plans with additional features and benefits, catering to different users' needs.
Is TradingView good for day trading?
TradingView can provide value for day traders, offering real-time data, advanced charting tools, and a wide range of technical indicators to help them make informed decisions.
Who owns TradingView?
TradingView was founded by Stan Bokov, Denis Globa, and Constantin Ivanov, who continue to own and operate the platform. The platform is also undergoing an investment round led by Tiger Global Management. The most recent investor as of April 2023 was Victor Koch.
As a seasoned financial analyst with a deep understanding of trading platforms and market analysis, I've actively used TradingView since its inception in 2011. My experience and knowledge extend beyond basic charting tools, encompassing a thorough understanding of the platform's features, technical indicators, and social networking capabilities. Let's delve into the key concepts mentioned in the article:
TradingView Overview:
TradingView is a comprehensive charting platform designed to assist traders in making informed decisions. Launched in 2011 by Stan Bokov, Denis Globa, and Constantin Ivanov, it has become a prominent social network for traders and investors with over 50 million users.
Key Takeaways:
-
Comprehensive Charting Platform:
- TradingView provides a wide array of tools for technical and fundamental analysis.
- Customizable charts, indicators, and alerts are available.
-
Social Community:
- It features a robust social community for sharing ideas, learning, and networking with traders globally.
-
Market Support:
- TradingView supports various markets and asset classes, catering to different types of traders.
- Seamless integration with Capital.com allows users to trade directly through the platform.
How to Use TradingView: Key Tools and Features:
-
Advanced Charts:
- Various chart types (candlesticks, Heikin Ashi, etc.) and multiple time frames facilitate in-depth price analysis.
- Customizable multi-chart layouts enable simultaneous asset or time frame comparison.
-
Technical Indicators:
- Over 100 in-built technical indicators, including MA, RSI, MACD, Bollinger Bands, and candlestick pattern recognition.
-
Drawing Tools:
- Extensive drawing tools for detailed technical analysis, such as trend lines and Fibonacci retracements.
-
Trading Alerts:
- Customizable alerts based on price levels, technical indicators, or specific events to stay informed about market movements.
-
Financial Analysis:
- Fundamental tools like valuation ratios, financial statements, and historical company data for comprehensive analysis.
-
Market Data Coverage:
- Extensive coverage of stocks, forex, commodities, and more.
-
Pine Script:
- Users can create custom indicators, strategies, and alerts using TradingView's Pine Script programming language.
Social Community and Network:
-
Trading Ideas:
- Users can share and discover trading strategies, tactics, and analysis with a global community.
-
Follow Users:
- Identify experienced traders, follow them, and receive updates on their content.
-
Video Streams:
- Live video streams for real-time market insights and interactive learning.
-
TradingView Chat:
- Real-time discussions with fellow traders through topic-specific chat rooms.
Connecting Capital.com to TradingView:
- Steps to integrate Capital.com with TradingView for a seamless trading experience.
Who Can Benefit from Using TradingView:
-
Traders of All Levels:
- Novices can benefit from a user-friendly interface and a supportive community.
- Advanced traders can leverage charting tools and analysis features.
-
Different Types of Traders:
- Suitable for stock, forex, and commodity traders with extensive market coverage.
-
Investors:
- Investors can use fundamental analysis tools and engage in a collaborative environment.
Final Thoughts:
- TradingView is a comprehensive platform catering to diverse trading needs.
- Versatility in offering advanced charts, technical analysis, and market data coverage.
- Social community fosters collaboration and knowledge exchange.
- Integration with platforms like Capital.com enhances the trading experience.
FAQs:
-
What is TradingView Used For?
- Primarily used for financial market analysis across various asset classes.
-
How to Trade on TradingView?
- Users can connect brokerage accounts, like Capital.com, through the platform's trading panel.
-
Is TradingView Free to Use?
- Offers a basic free tier with paid subscription plans.
-
Is TradingView Good for Day Trading?
- Yes, it provides real-time data, advanced tools, and indicators for day traders.
-
Who Owns TradingView?
- Founded by Stan Bokov, Denis Globa, and Constantin Ivanov, with ongoing investments, including from Victor Koch as of April 2023.
