If you are into investing and trading cryptocurrencies, forex, stocks, and futures, you must have heard or visited TradingView. But what is this site for? If you want to know what is it and how to use TradingView for your Bitcoin trading and investing, you have come to the right page. Let me walk you through TradingView and how you can use it for buying/selling Bitcoin to make maximum profit.
TradingView is a multi-platform charting service and social network, which has been designed specifically for both traders and investors. By using TradingView, you can monitor price charts of multiple assets including cryptos such as Bitcoin. In addition to charting, you can share or discuss trading/market ideas with the vibrant community of the platform.
It also offers you a wide array of customizable set of technical indicators so that you can use technical analysis to predict highly volatile price of Bitcoin and other cryptocurrencies.
TradingView essentially offers you 4 major services:
You can access this platform from 3 different interfaces:
By using these services, you as a traders and investor can make informed trading and investment decisions.
The social network aspect in the form of chat rooms is provided along with the price charts for a particular cryptocurrency or other asset class (say, stock). In fact, a news feed for that relevant asset is also available.
The best part of the TradingView application is that it is highly customizable. The platform has created its own user-friendly scripting language, Pine Script, which exemplifies customizability. Therefore, you can tailor your specific requirements as per your needs and preferences. You can not only customize the platform in terms of the indicators but also in terms of time scales, price alerts, and the color of the chart candlesticks.
You can view market capitalization, prices, volume, and other information of the crypto market. You can check data of over 700 cryptocurrencies including Bitcoin BTC, Ethereum ETH, Binance Coin BNB, etc.
You can view trading information of all fiat currencies (major, minor, and exotic) including US Dollar USD, Euro EUR, and many more.
You can view information on stocks from all major stock markets including the US and the stock markets of other countries. The stock market data of the US market is sourced from the Cboe BZX exchange (as it is available free of cost) and not from the popular NYSE or NASDAQ.
The TradingView platform is meant for those traders and investors who want to make informed decisions to maximize their profits. This platform helps you in analyzing Bitcoin, cryptocurrencies, stocks, ETFs, and other assets. You can:
The pattern, shape, and line indicators are used by most traders for making the right move towards maximization of profits.
TradingView is essentially browser-based. Therefore, you don’t have to download a client to use it. You can also access it from your smartphone. So, you can download its mobile app for both iOS and Android handsets.
It was launched back in 2011 in Ohio’s Westerville. Since its launch, its user base has increased exponentially. In 2020 itself, this platform has added 8 million accounts. You can either have your free account or a paid account to access different features and charts for analyzing multiple assets including cryptocurrencies (such as Bitcoin BTC), commodities, stocks, and others.
That’s not all. TradingView gives you an opportunity to share your plans and findings with the vast pool of experienced trading community. Once you put your findings before the community members, they give their feedback. This enhances your skills of trading and investing in Bitcoin and other cryptos or assets.
You can use TradingView free of cost for the stock and crypto market. However, paid subscriptions are also available. If you want to use more indicators and charts simultaneously along with enhanced customizations, paid subscriptions are the best.
If you are a beginner in the stock and crypto market, start with a free account. It provides you with 1 chart and 3 indicators. The free TradingView account comes with advertisements. However, you can bear them as they are not intrusive enough.
The different packages offered by the Tradingview platform are:
If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker (including trading apps and invest apps such as TD Ameritrade). Then verify your details (including basic personal information) and fund your stock or cryptocurrency trading account.
The best thing about Bitcoin and crypto market is that the transactions are done without the involvement of banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos.
You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies. This can be done by simply connecting your online banking account (savings accounts, checking accounts, or other account types). Besides transferring fiat currency money online through bank transfer, you can make payments with credit cards, debit cards, etc.
If you need further assistance, you may consider taking help from the vibrant and helpful trading communities. You can trade cryptos with credit cards (business credit cards, personal ones, or citi custom cash cards), debit cards, or other payment options through reliable crypto trading web platforms.
You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long term wealth.
In case you are bullish on the future prospects of gold, stock and ETF trading, crypto market, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Ethereum Classic ETC, Bitcoin SV, Wrap Bitcoin, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Once bought, transfer them to:
Hold them for a longer time period to let the Bitcoin BTC price increase. Keep your cryptocurrencies safe with:
Crypto market investing will provide you a higher return in the long run. The ROI from crypto investment is much more than investing in:
In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing digital currency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets. These retirement funds are increasing investor choice by allowing them to invest a small percentage of their money in cryptocurrencies. This is, in turn, increasing the prospects of these funds to provide their investors to get higher returns. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.
Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. Start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in crypto market and make better financial decisions. Learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly.
As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and other crypto APIs. There are many brokers suitable for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible fund in fractional shares and stocks funds.
You should definitely learn about:
Defi tokens and NFTs (Non Fungible Tokens) are the next generations of crypto coins. These decentralized coins have started to become very popular among active traders who trade cryptocurrency. You can buy and sell them through cryptocurrency trading platforms too.
Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in:
To diversify your portfolio, you may also buy stocks through stock brokers for beginners and pro.
Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.
While day trading, you should always try to invest only that much money which you can afford to lose. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important.
Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers.
Trading Robots (such as NapBots.com) automatically scans the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review – Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
NapBots is easy to start with. It involves just 3 steps:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!