TradingView is a versatile platform that can be used for a variety of trading activities, including monitoring your portfolio. By setting up your portfolio on TradingView, you can easily track your investments, monitor performance, and make informed trading decisions. In this article, we’ll discuss how to use TradingView to monitor your portfolio effectively.
Create a Watchlist
The first step to monitoring your portfolio on TradingView is to create a watchlist. A watchlist is a list of financial instruments that you are interested in monitoring. To create a watchlist, simply click on the “Watchlist” button located in the top left corner of the TradingView screen. From there, you can add your preferred instruments and customize your watchlist according to your preferences. Consider the best trading app in India.
Customize Your Chart Layout
To monitor your portfolio effectively, you need to have a clear and concise view of your investments. This is where TradingView’s chart customization options come in handy. You can customize your chart layout by adding and removing technical indicators, changing the color scheme, and adjusting the chart’s time frame. By doing this, you can create a customized view that allows you to monitor your portfolio effectively.
Use Alerts
TradingView’s alert system is a powerful tool that can help you monitor your portfolio more efficiently. With alerts, you can receive notifications when a specific price level is reached, a trendline is broken, or a technical indicator signals a potential trade opportunity. By setting up alerts for your portfolio, you can stay on top of your investments without constantly monitoring the charts consider the best trading app in India.
Track Your Performance
Tracking your performance is an essential part of monitoring your portfolio. TradingView makes it easy to track your performance by providing a variety of analytical tools. You can use the platform’s Performance Summary tool to view your overall performance, including your profit and loss, win rate, and average trade duration. You can also use TradingView’s Strategy Tester to test and analyze your trading strategies, which can help you improve your performance over time.
Use Social Networking Features
TradingView’s social networking features can be a valuable resource when monitoring your portfolio. The platform allows you to connect with other traders, share trading ideas, and discuss market trends. By participating in TradingView’s community, you can gain insights into the market and receive valuable feedback on your trading strategies consider downloading best trading app in India.
Customizing your TradingView charts can help you get a better view of the markets you’re interested in and make it easier to analyze price movements, trends, and patterns. By choosing the right chart type, adjusting the timeframe, adding technical indicators, customizing chart colors and styles, and saving and sharing your charts, you can take your analysis to the next level and improve your trading performance.
In conclusion, using TradingView to monitor your portfolio can help you stay on top of your investments and make informed trading decisions. By creating a watchlist, customizing your chart layout, using alerts, tracking your performance, and utilizing the platform’s social networking features, you can effectively monitor your portfolio and improve your trading results with the help of best trading app in India.