TradingView Tutorials for Beginner Forex Traders
Are you wondering how to get started in forex trading? Don’t worry, we’ve got you! In today’s lesson, we’re diving into the practical side of everything we’ve been learning. From this point forward, we want you to start practicing what you’ve been taught. Because in forex, learning alone isn’t enough, you need hands-on experience.
One of the most essential tools every successful forex trader uses is TradingView. Whether you’re just starting out or aiming to become a pro, understanding how to use TradingView is a must. This powerful charting platform is a go-to for traders all over the world, and in this lesson, we’ll show you exactly how it works and how you can start using it to analyze and trade the markets like a professional.
What Is TradingView?
TradingView is a popular web-based charting and analysis platform used by traders and investors globally. It enables users to track real-time price movements in various financial markets, including forex, cryptocurrencies, commodities, options, futures, and stocks.
Whether you’re a beginner or an experienced trader, TradingView offers both free and premium plans packed with tools like drawing instruments, text annotations, line tools, and many more that help you make smart trading decisions. While it has a wide range of advanced features, you don’t need to master all of them to succeed. Just focus on the core tools that align with your trading strategy.
Why Use TradingView for Forex Analysis?
Although there are other charting platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), TradingView stands out as one of the most user-friendly and advanced charting platforms available. Here’s why you should use it:
- Easy to use with a clean interface
- Accessible on desktop and mobile devices
- Packed with powerful analysis tools
- Ideal for both beginners and professionals
As a beginner, we recommend using the desktop version for a clearer and broader view of your charts while learning.
Do I Need to Pay to Use TradingView?
Not at all! TradingView offers both free and paid (premium) versions. As a beginner, the free version is more than enough for learning and practicing. You can analyze charts, use essential tools, and test your strategies without spending a dime.
We only suggest upgrading to the premium version once you’ve started making consistent profits in the market and can afford the subscription. Premium plans unlock additional features. But remember that profitability depends more on your skills and knowledge than the tools you use.
What Can You Use TradingView For?
Here’s what TradingView can help you do:
- Chart Analysis – Track price movements and identify trading opportunities with ease.
- Practice Trading – Sharpen your entry and exit skills using real-time charts.
- Backtesting – Evaluate the performance of your trading strategies using historical price data.
How to Sign Up on TradingView
Creating a TradingView account is easy. Simply head to the official TradingView website and sign up. While you can still use the platform without an account, having one allows you to:
- Save and personalize your chart layouts
- Set alerts and watchlists
- Customize your workspace to suit your strategy
If you’re serious about becoming a professional trader, opening an account is a must!
How to Use TradingView Charting Tools
To make things even easier for you, we’ve handpicked some beginner-friendly video tutorials to guide you through TradingView’s key features. All you need to do is:
- Create your free TradingView account
- Follow the step-by-step video tutorials
- Practice on your chart as you learn
Make sure you’re watching while actively following along and exploring each tool.
Video: How to Use TradingView Like a Pro
Video: How To Use Tradingview Drawing Tools
Video: Tradingview Mobile APP Tutorial
Final Thoughts
TradingView gives you everything you need to grow as a profitable forex trader. Once you master how to navigate and use the platform, you’ll find it much easier to adapt to any broker’s platform or other charting tools out there because many of them share a similar interface.
We’re teaching you TradingView now because our next lessons will be hands-on. We want you to look directly at your charts as you read so you can fully grasp each concept we share. So make sure you watch, learn, and, more importantly, practice!
Up Next: Understanding the Types of Retail Forex Traders
Don’t miss the next class! We’ll be breaking down the different categories of retail traders, a must-know if you want to find your path in this industry. See you there!
