Risk, psychology & tools

How to use TradingView

The charting platform most traders learn on. Here is how to set it up sensibly and skip the clutter that slows everyone down at the start.

Part of Risk, psychology & toolsReading time 9 minLevel Beginner

TradingView is a browser-based charting platform with a free tier that is genuinely sufficient for learning. This guide covers the parts you will use daily. We have no affiliation with them and earn nothing from mentioning it — it is simply the tool most beginners encounter first.

Getting a chart on screen

  1. 1
    Open a chart

    Use the Chart section of the site. The symbol search sits at the top-left — type “AAPL”, “EURUSD” or “BTCUSD” and select from the list.

  2. 2
    Check the exchange

    The same ticker often exists on several exchanges with slightly different data. For forex and crypto, note which venue you have selected — prices differ a little between them.

  3. 3
    Set the timeframe

    The interval selector is top-left. Start with the daily (D) to see the broad picture before dropping to shorter intervals.

  4. 4
    Choose candlesticks

    The chart-type selector offers candles, bars, line and others. Candlesticks show the open, high, low and close — start there.

The tools you will actually use

ToolKeyboardUsed for
Horizontal lineAlt + HMarking support and resistance — the tool you will use most
Trend lineAlt + TConnecting swing highs or lows
RectangleAlt + RMarking zones rather than single prices
Fib retracementAlt + FMeasuring pullback depth within a move
MeasureShift + click-dragInstantly showing percentage and price distance
CrosshairReading exact values at any point on the chart

Adding indicators without ruining the chart

The Indicators button at the top opens a library of thousands. This is a trap. Nearly all of them are computed from the same price series, so adding more does not add information — it adds agreement, which feels like confirmation.

A sane starting configuration:

  • One trend reference — a 200 SMA or 50 EMA on the price panel.
  • One momentum reading — RSI (14) in a lower panel.
  • Volume — on by default; more informative than most indicators you could add.

That is enough to trade from. If you later find a genuine gap in what you can see, add one thing and remove something else.

Multi-timeframe layouts

On the free tier you can view one chart at a time, which is workable using saved layouts and quick timeframe switching. Paid tiers allow multiple charts side by side.

A practical free-tier routine: read the daily first and mark your levels there. Drawings persist across timeframes on the same symbol, so when you drop to the four-hour or fifteen-minute chart, your daily levels are still visible. This is exactly the top-down workflow you want, and it costs nothing.

Watchlists and alerts

The watchlist panel on the right holds the instruments you follow. Keep it short — twenty symbols you know well beats two hundred you scan once.

Alerts are the feature that most improves a part-time trader's life. Rather than watching charts all day, set a price alert at your level and let the platform tell you when price arrives.

  1. 1
    Right-click the price level

    Choose “Add alert”, or press Alt + A with the crosshair positioned.

  2. 2
    Set the condition

    Crossing, crossing up, crossing down, or entering a channel. “Crossing” is usually what you want for a level.

  3. 3
    Choose delivery

    Pop-up, email, or push notification to the mobile app. The app notification is the useful one.

  4. 4
    Set expiry

    Free accounts have a limited number of active alerts, so give them expiry dates and clear stale ones.

Paper trading

TradingView includes a simulated trading mode that lets you place trades on live prices with fake money. Use it — but understand its limits.

Paper trading is excellent for learning the mechanics: placing bracket orders, practising position sizing, testing whether a setup appears as often as you think. It is poor at preparing you emotionally, because the thing that makes trading hard — real money and real loss — is exactly what is missing. Traders routinely perform well on paper and badly with capital, and the difference is not skill.

Free tier limits worth knowing

  • A limited number of indicators per chart, and one chart per layout
  • A limited number of active alerts
  • Some exchanges' real-time data requires a paid data subscription; otherwise quotes are delayed
  • Ads on the free tier

None of these prevent you learning properly. Resist upgrading until you can point to a specific limitation that is genuinely blocking a defined process — a paid plan does not improve analysis.

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