TradingView offers a wide range of helpful features for beginners and professionals. One of the most popular features, which also helps TradingView stand out from the competition, is the social feature. It allows traders to learn from each other and share their thoughts and strategies that others can also use. At the same time, there are also real-time updates on the market sentiment since everyone can voice their opinions about the status of the current market.
However, if you’re a beginner, you may not be familiar with navigating the social features of TradingView, including the benefits it provides, but it’s best to check it out.
In this article, we’ll explore some tips you should try when using the social features of TradingView.
1. Look for the Top Authors in Your Market Niche
As a beginner, trading can be overwhelming at first, so it’s best to follow the top authors in your niche. Many traders share their ideas on TradingView, but not everyone gets to be in the spotlight. Fortunately, TradingView has a feature that allows users to view the top authors. These authors have high follower counts, have detailed posts, and have a great record of predicting market status.
Once you follow these authors, you can try aligning your trades with their proposed strategies and see if they fit with your goals.
2. Utilise the “Ideas” Section
Another feature you should look out for in TradingView is the Ideas Section. It’s where authors or traders post their analyses (such as notes, charts, and explanations) about the various markets. As time goes by, you can see their updates and learn the process.
In your case, you can utilise these resources by identifying which idea best suits your interest. You can either pick a single author or trader and follow their tactics or filter the content based on your needs.
3. Engage in the Comments
Being active in the comments section allows you to share your thoughts and ask questions about the things you don’t understand. However, when engaging with other people, always be respectful and construct your statements in a way that everyone will understand, even those who are in different places.
In addition, keep in mind that the comment section isn’t about getting engagement for yourself but for the author. If you encounter some keyboard warriors, refrain from discussing with them. If you’re planning to reply, be as courteous as possible, even if they’re not doing the same thing.
4. Join Public Chat Rooms
You can have access to public chat rooms on TradingView. They offer various topics that cater to beginners and even professional traders. This is a beneficial feature since it allows you to ask real-time questions, have regular updates on the interpretations of professional traders, and provide feedback on the ideas you’ve shared.
However, before joining any chat room, TradingView requires traders to read the House Rules thoroughly. Unfortunately, not knowing anything about the House Rules often results in being moderated.
5. Create and Share Your Ideas
As you move forward, you can gradually share your ideas just like the professionals. Besides, you can learn more by teaching others. As you share your thoughts or strategies, you can receive feedback that can significantly help you with formulating the right idea. In addition, you’ll get used to accepting constructive criticism and asking for other traders’ opinions about your market analysis.
6. Track Authors Over Time
Aside from following a post of the top authors from your niche, another thing you should explore is following a few authors for months. This allows you to get to know how they think, create their strategies, and identify which trader has a systematic way of doing things compared to those who are just lucky.
In doing so, you can choose the right trader to follow, who can guide you through your trading journey without any worries.
7. Use Scripts and Indicators Shared by the Community
Are you having trouble finding the right scripts? With the social feature offered by TradingView, you can check out the Public Library, which offers free scripts created and shared by the community. These scripts include strategies and custom indicators. Of course, there are also built-in indicators, but you can explore the custom options as well.
However, with the thousands of available free scripts, how do you find the best one? It’s recommended to try the trending, top picks, and the editor’s choice if you’re a beginner. However, as you move forward, you can confidently choose other options.
Final Thoughts
TradingView isn’t just a simple charting tool. It offers various ways to help beginner traders adjust in the trading industry. In doing so, they provide the social features in which traders can communicate and discuss with their fellow traders and learn from them. By utilising this feature, you can gradually adjust and find your comfort zone when trading.
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