Trading Psychology — Beyond Technical Analysis — Education — TradingView (2024)

Mindfulness : The Zen approach to Trading Success

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Nico.MuselleTrading Psychology — Beyond Technical Analysis — Education — TradingView (3)

Mindfulness is a practice that involves being fully present and engaged in the moment, aware of your thoughts and feelings without judgment. It originates from ancient Buddhist meditation practices but has been adopted widely in various forms across the world for its mental health benefits. In this post, we'll dive a bit deeper into what it is, where it comes...

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Trading Psychology

Trading psychology refers to the state of mind of traders when they are active in the financial markets and how this affects their trading decisions. This psychological side of trading is often overlooked. A sound state of mind means a trader executes his plan consistently, is mindful of the risks involved, is not hindered by emotions, takes equal responsibility for wins and losses and is realistic about trading in general. Bad trading psychology is one of the top reasons traders fail.

Signs of good psychology include not being emotionally attached to individual trades, not being affected by performance anxiety, focussing on results over a larger number of trades and not putting up positions that are too big to handle. Good psychological traders do not engage in revenge trading, do not second guess trades, and focus on self-improvement without sabotaging their results. They are honest about wins and losses, hold themselves accountable and understand how to deal with fear and greed. Both can be destructive emotions and several techniques exist to control them.

5 TIPS FOR SMALL ACCOUNTS

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ArShevelevUpdated

Hey! When we start trading we want to make a lot of money and became millionaires by the end of month. This awesome motivation could be cut off easily without following simple plan and strategy. When I started trading I entered only with 100$ account and loose it all within a month. I didn’t payed attention to my personal financial plan and rules, which cost me a...

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100% TRADERS START WITH DREAM TO GET RICH QUICK

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ArShevelevUpdated

Hey guys! Do you agree with me?!It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money* If you like my graphics, please use Like button 💙💛 * 90% of traders losing money, only 10% get profits. Why? Here is 3 reasons:1) Most traders Enter A...

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What is the secret of success? 🌴 Being Wrong is OKAY!

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ArShevelevUpdated

Here is the 5 TIPS TO DO with your mistakes: 1. Acknowledge Your Errors So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone.Before you can learn from your mistakes, you have to accept full responsibility for...

4 Steps To Improve Your Trading Performance

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TheTraderCortex

You've probably experienced thisA negative trading performance. A spiral of bad trading decisions. A strategy that is not performing as expected.A helpful practice to overcome these situations is to focus on having a better process. Because results are a consequence of actions, and negative actions lead to negative results. So here's a framework to create a...

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DAY TRADING WHILE HOLDING A 9-5 JOB

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FOREXN1

DAY TRADING WHILE HOLDING A 9-5 JOB Embarking on the exciting journey of day trading while managing the demands of a full-time job is indeed a challenging yet achievable endeavor. Thanks to the rise of user-friendly mobile applications offered by trading platforms, individuals now have the power to execute trades seamlessly from various locations. This creates...

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How to Become a Professional Trader!

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shaw42

The Triad of Successful Trading: Strategies, Psychology, and Risk Management.Introduction:In the dynamic world of trading, achieving success is a multifaceted challenge that requires a comprehensive approach. While many enthusiasts focus primarily on trading strategies, it is crucial to recognize that a holistic approach, incorporating trading psychology and...

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Navigating Moving Averages: Decoding Simple vs. Exponential 📊📈

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ProSignalsFx

Moving averages (MA) serve as foundational tools in technical analysis, offering insights into market trends and potential entry/exit points. This article delves into the comparison between two primary types: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), providing traders with a comprehensive understanding of their differences,...

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Untangling the Web of Confirmation Bias in Trading 🕵️‍♂️🔄💭

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EliteTradingSignals

Confirmation bias is a common psychological phenomenon that can significantly impact trading decisions. This article delves into the depths of confirmation bias in trading, unraveling its influence, implications, and strategies to mitigate its effects. Understanding Confirmation Bias Confirmation bias occurs when traders favor information that confirms...

10 LESSONS EVERY TRADER SHOULD LEARN!

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FOREXN1

Embarking on the thrilling journey of trading? Gear up with these invaluable lessons to empower your trading expertise: 1. Knowledge Empowers: Embark on your trading journey equipped with knowledge as your most powerful weapon. Delve deep into the intricacies of the markets, understanding their nuances with precision. Grasp the ever-changing trends, and...

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The ONLY Way to Become a Successful Trader

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VasilyTrader

Hey traders,Like any discipline, consistently profitable trading requires many years of practice.In this post, we will discuss the only proven way to become successful in trading.🔰First, let's start with the axiom: there are no inborn traders, trading is a skill, a skill that can be learned. Though talent may help you in some manner it does not guarantee...

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Discover The Main Difference Between Scalping, Day, Swing TRADES

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VasilyTrader

How long to hold your trading position?Everything depends on your trading style.In this post we will discuss the preferable holding period for your trading positions.First, Let's define 4 main trading styles:Scalper, intraday trader, swing trader and investor.One of the core differences between these styles is the time horizon of their predictions of a...

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5 RULES DISCIPLINED TRADERS FOLLOW 👨‍🎓

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ArShevelevUpdated

Hey guys! In this article you will learn about 5 RULES DISCIPLINED TRADERS FOLLOW, let's dive in it! But before you do so, make sure you follow my page and turn TradingView notifications ON! Let's go! 1️⃣ Follow Financial Plan, Do Not Go All In A trading plan is a written set of rules that specifies a trader's entry, exit, and money management criteria for...

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Navigating the Rocky Road: The Hard Trade Journey 🌄💼

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EliteTradingSignals

The path to success in trading is not always a smooth one. For many, it's a hard-fought journey filled with challenges, setbacks, and invaluable lessons. In this comprehensive exploration, we delve into the trials and triumphs of traders who have faced adversity and emerged wiser and stronger. Learn from their experiences, find inspiration in their stories, and...

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Trading Commandments: The Decalogue for Success 📈🔟💼

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UnitedSignals

In the world of trading, there are timeless principles that serve as guiding beacons for traders, both novice and seasoned. These commandments are the keys to unlocking success, managing risk, and navigating the financial markets. In this comprehensive guide, we unveil the "10 Trading Commandments," each accompanied by real-world examples to reinforce their...

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Learning from Mistakes: The Path to Trading Mastery 📈📚🛠

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EliteTradingSignals

Mistakes are an inevitable part of a trader's journey. What sets successful traders apart is their ability to not only acknowledge these mistakes but also to study and learn from them. In this comprehensive guide, we'll explore the art of dissecting your trading mistakes, understanding their origins, and using them as stepping stones towards trading mastery....

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Unmasking the FOMO Effect in Trading 📈💼

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ProSignalsFx

Fear of missing out, or FOMO, is a psychological phenomenon that has infiltrated the world of trading, leaving traders susceptible to impulsive decisions and emotional turbulence. In this comprehensive exploration, we delve into the FOMO effect, dissecting its origins, manifestations, and the impact it has on traders. Join us on this investigative journey into...

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The Trader's Odyssey: Navigating the Financial Seas 🌊💼📈

XAUUSD

, 60Education

TopTradingSignals

The journey of a trader is a dynamic and often challenging expedition through the world of finance. This comprehensive guide embarks on the trader's odyssey, shedding light on the trials, triumphs, and key waypoints that define the path to success. Join us as we navigate the intricate journey of a trader, enriched with real-world examples and insights to help...

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Trading Psychology — Beyond Technical Analysis — Education — TradingView (2024)

FAQs

How good is TradingView technical analysis? ›

According to Google, the Technical Rating indicator in TradingView is one of the best signal indicators for identifying potential entry and exit points on trades using 11 different technical indicators.

How legit is TradingView? ›

It offers a wide range of features and tools, including real-time data, customizable charts, technical indicators, drawing tools, and social trading capabilities. While TradingView is generally well-regarded by traders and investors, there are some limitations and criticisms to consider.

Is TradingView better than Thinkorswim? ›

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

Is the TradingView chart accurate? ›

I'm a tradingview premium user. What disappoints me in tradingview is that charts r not accurate compared to zerodha chart. You can simply check the open price and last price of an equity in trading view. I'm pretty sure it will be different from the pre-open data from NSE.

Do professional traders use TradingView? ›

We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for Professional (Commercial) traders.

What is the most powerful indicator in TradingView? ›

✔ The most accurate and best TradingView indicators to use, in my opinion, are the volume profile, Ichimoku, and Fibonacci retracements. ✔ Most of these indicators are free to use, but you can sign up for a TradingView free trial to access the paid ones free for 30-days.

Which is better investing or TradingView? ›

In conclusion, both TradingView and Investing.com have their own strengths and weaknesses. TradingView is particularly favored for its powerful charting capabilities, customization options, active social trading community, and various subscription plans catering to different needs.

Can you really make money from TradingView? ›

Earn with TradingView

Become an affiliate partner and make cash by promoting a product your followers will love. The biggest website in the world when it comes to all things investing. We are global and support 20 languages worldwide. We've paid out over $10 million to our partners and that's growing.

Who is the best broker using TradingView? ›

Best Forex Brokers for TradingView
  • Saxo - Best web-based trading platform.
  • Interactive Brokers - Great overall, best for professionals.
  • FOREX.com - Excellent all-round offering.
  • City Index - Excellent all-round offering.
  • FXCM - Excellent trading platforms and tools.
  • Capital.com - Great for beginners, easy to use.
Mar 19, 2024

Is TradingView best for beginners? ›

Yes, TradingView is a versatile platform that allows users to perform technical analysis and execute trading strategies. Traders can analyze charts, use various technical indicators, and develop custom strategies using TradingView's scripting language called Pine Script.

What's the best trading platform? ›

Summary: Best Online Brokerage
CompanyForbes Advisor RatingBEST FOR
Interactive Brokers4.4Best Online Broker For Traders
TD Ameritrade4.4Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments4.4Best Online Broker For Everyday Investors
Charles Schwab4.3Best Online Broker For Customer Service
1 more row

Why is TradingView so popular? ›

As you've learnt, traders choose TradingView for its powerful charting capabilities, vast array of analysis tools, and the ability to connect with a vibrant trading community. It provides them with the necessary resources and insights to make informed trading decisions.

Which broker has the best chart? ›

Best Overall - Zerodha

Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

Should I trade with TradingView? ›

Pros: Powerful charting tools: TradingView offers a wide range of advanced charting features, including multiple timeframes, technical indicators, drawing tools, and custom scripts. This allows you to perform in-depth technical analysis and identify potential trading opportunities.

Why do traders use TradingView? ›

TradingView provides up-to-the-minute market data, ensuring traders can access the most current information, including price quotes, volume, and indicators.

Does technical analysis really work in trading? ›

Technical analysis can be applied to any security with historical trading data. This includes stocks, futures, commodities, fixed-income, currencies, and other securities. In fact, technical analysis is far more prevalent in commodities and forex markets where traders focus on short-term price movements.

What are the top 3 indicators in TradingView? ›

The 3 Best TradingView Indicators to Improve Your Trading
  • 1- ARMAGEDDON 2 by Bullish way team. This indicator shows you the floor and ceiling of the market accurately. ...
  • 2-Ichimoku Clouds. ...
  • 3-Auto Fib Retracement.
Nov 22, 2023

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