If you're an investor or trader, chances are you've heard of TradingView before. This online trading platform has grown in popularity over the past few years, thanks to its wide range of analytical tools and features to help investors make informed trading decisions. But what is TradingView and how exactly does it work? In this article, we will explore this online trading platform, analyzing its main features and discovering how it can be used.
TradingView - what is it?
TradingView is a charting platform and social network used by over 50M+ traders and investors worldwide to help investors make informed trading decisions. This service can be used in collaboration with your trusted broker, thus allowing you to easily access all the information you need to invest effectively.
One of the strengths of TradingView is its flexibility, thanks to tools such as technical indicators, charting and advanced graphs. It also includes a range of interactive tools that can be used for backtesting and trading simulations.
For those who want to share information and receive feedback, TradingView offers a community feature that allows you to interact with other traders and exchange ideas. It is important to note that TradingView is a freemium service, meaning it offers a completely free basic model with access to the platform's generic features. However, there are also different membership levels that allow access to more advanced tools, depending on the level of professionalism of the trader.
How does TradingView work?
The platform allows investors to monitor different asset classes, including Italian stocks, US stocks, bonds, cryptocurrencies like Bitcoin, forex currencies like EUR/USD, indices like SP500 and NAS100, commodities like oil and gold, futures and CFDs. Whatever financial product you are looking for, on TradingView you can find a great chart, real-time data and dozens of traders like you who are already investing. This means you have access to up-to-date and reliable information on the financial markets, as well as the ability to interact with other traders and share your trading strategies.
Furthermore, the platform has been designed to be easy to use, even for novice traders. Intuitive navigation allows users to quickly access features and use technical analysis tools to formulate trading strategies. TradingView also offers interactive tools such as technical indicators, advanced charting and graphing, which can be used for backtesting analysis and trading simulations.
The platform also offers the possibility to connect directly to your broker and use the trading tools to open and close positions directly. This feature is especially useful for traders who want to execute real-time trades and who want to monitor and manage their positions without having to go through a separate interface.
Ultimately, TradingView represents an excellent choice for anyone who is interested in online trading and wants to use advanced tools to make informed investment decisions.
