 |
| Source: Trading View. Trading View Logo Preview. Retrieved from Trading View. (Accessed 23 January 2022): https://www.tradingview.com/static/images/logo-preview.png |
A charting website is important to look for especially if you are a trader whether you trade for stock, Forex, or crypto market as this is really important if you want to have a big picture of a particular market. For example, if you are inclined to use technical analysis rather than fundamental analysis, then, you must have a charting website to see the support and resistance and current market conditions whether it is in the trending market or sideways market.
Trading View in my point of view is currently the best charting website if you want to analyze your target market. Why I could say that Trading View is the best charting website? Well, because I personally use Trading View to analyze my target market mainly for the Forex market, stock market, and yes the booming one, that is, cryptocurrency market (or in Indonesia, it is called crypto-asset market). Below here are the reasons why I choose Trading View as my charting website.
Various Indicators
This website provides various indicators which you could use to do technical analysis with the indicators such as Bollinger band and Ichimoku Cloud. Aside from that, there are also metrics and strategies provided in Trading View. From my experience, I only use indicators from it and I devise my own strategy that suits my personality. That is why I used the term Various Indicators instead of following the term from the image above.
News
News is important if you are a news trader and inclined to use fundamental analysis. In fundamental from what I perceive, market moves are unexpectedly caused by rumors, news, sentiments of the market from the news that has or has not come out. You may want to consider this as a choice whether to use news from Trading View or look at another website that specifically created to offer you news for your target market.
Technical Gauge
The technical gauge that is provided by Trading View in my eyes is like the sentiment of people regarding the market you choose. For example, you could see from the image above that I was on the AUD/NZD currency pair which is from the Forex market that showing me the gauge is a strong buy which I could consider when I want to open a position as a part of my consideration.
Conclusion
For me, Trading View is the best charting tool website you could use as it does not only consists of the Forex market but also other markets such as stock and crypto market. Also, I personally use this website in my trading journey. Trading View also provides various indicators which you could use to analyze particularly if you are a technical trader and there is also news from the right section of the website you could see if you are a fundamental trader. Besides that, you could consider technical gauge as your consideration before opening a position. So, if you are interested in Trading View, you could sign up here.
Written by Andre I.
Reference
Trading View. Trading View Logo Preview. Retrieved from Trading View. (Accessed 23 January 2022): https://www.tradingview.com/static/images/logo-preview.png
