What are the best trading strategies for trading on TradingView?

3 answers

• Dec 24, 2021 · 3 years ago
  One of the best trading strategies for trading on TradingView is the trend-following strategy. This strategy involves identifying the direction of the trend and entering trades in the same direction. Traders can use indicators like moving averages or trend lines to determine the trend and make trading decisions accordingly. It is important to note that trend-following strategies work best in trending markets, so it's crucial to identify whether the market is trending or ranging.
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• Dec 24, 2021 · 3 years ago
  Another effective trading strategy for TradingView is the breakout strategy. This strategy involves identifying key support and resistance levels and entering trades when the price breaks out of these levels. Traders can use indicators like Bollinger Bands or the Average True Range to identify potential breakout levels. It's important to wait for confirmation of the breakout before entering a trade to avoid false breakouts.
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• Dec 24, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, recommends using a combination of technical analysis and fundamental analysis when trading on TradingView. Technical analysis involves analyzing price charts and using indicators to make trading decisions, while fundamental analysis involves considering factors like news events, market sentiment, and project fundamentals. By combining these two approaches, traders can make more informed trading decisions and increase their chances of success.
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