Crypto Academy | Season3 | Week #7 - Homework task for professor @yousafharoonkhan
Question no 1:
Defining the TradingView site and how to register an account in tradingview? what are the different registration plan?(screenshot necessary)
TRADING VIEW
Trading view is a type of trading website where traders can easily find different kinds of charts Which a trader use it includes different charts for cryptocurrency but tradingview is not limited to the trading of cryptocurrency only but you can view different charts in tradingview website for gold trading and also stock market charts which a trader needs to predict and to see the fluctuations off the market through analysing different charts provided by the trading view website.
Tradingview website is a must have for every trader because here you can get all the information about the market trends and that's why every trader always needs a tradingview website while he is trading for anything cryptocurrency, Forex , stock market and gold.
HOW TO REGISTER ON TRADING VIEW
STEP #1
Go to Google and search for a tradingview website, we will select tradingview.com.
STEP #2
On the tradingview website we will click on the right corner and select a free trial.
STEP #3
Now because you are new and want something easy so we will Click on try free basics.
STEP #4
Here you will get so many options for sign up. You can use your Google account, your Apple account, your Gmail as well as your LinkedIn and Facebook to sign up for a tradingview website.
STEP #5
Here I have selected Facebook and now I will sign up to tradingview outside using my Facebook and they will use all my information such as profile picture name and then click on continue to sign up to tradingview website easily.
DIFFERENT REGISTRATION PLANS
On tradingview website when you open the website you will be able to see different plans which tradingview website provides, the basic two different registration plans on trading website are monthly and annually, You also get three different levels in monthly as well as in annual registration plan, which are Pro , Pro+ and premium You can choose any of them.
Question no 2:
Explain the different features of tradingView and what is your favorite feature and why?(screenshot necessary)
DIFFERENT FEATURES
Trading websites have different very important and helpful features and because of these features traders like to trade on tradingview websites because these features make trading more easier for traders which are old and also those who are new to trading.
1.CHARTS
Charts which tradingview website provides is one of the most helpful and important feature of trading view website which attracts many traders towards itself because tradingview website provide different types of charts which are helpful for traders to indicate and predict the future trading according to these charts, the variety of charts make it easy for traders to trade and the different charts which tradingview website provide are, Bars , Candles , japanese candlestick charts and line charts etc.
2.SCREENERS
Screeners are one of the other very great features of trading view websites. In trading view you can see different kinds of screens for different tradings such as Forex screener, cryptocurrency screener and Stock market screener. These screeners are helpful in trading because through screens traders can trade according to the indicators they want and add them to their screeners.
MY FAVORITE FEATURE
COMMUNITY
Well for me e the community feature of trading view website it is really interesting and very different from other trading websites because in tradingview the community option is available where you can search for people which are expert in trading and also so there are people from your country and from other countries so you can take help from them and also they can guide you according what is good and the tips and tricks of trading so personally as a beginner I love the community feature because it is really helpful for the newbies of trading.
Question no 3:
How to set up a chart in TradingView and use two tools to edit it.(screenshot necessary)
CHART SETUP IN TRADING VIEW
Go to Trading View website and on the main page click on the Charts option on the top left corner of the main page. After we click on the charts we have now set up our chart and you can make changes according to your own and using the tools you can make your chart according to your own mind.
USING TOOLS
1.ERASER
Eraser is one of the tool which you can use in your charts if you want to remove something or sometimes we make some wrong graphs or trend lines so eraser if ideal for all the trader who use to make their own charts because they can remove all the things they don't want in a chart.
2.TRENDLINE
A trendline is what gives us an idea about the market trend weather the market is in uptrend or down trend, with the help of the trendlines traders and able to predict the future price of a specific cryptocurrency.
Here I have drawn trend lines to show when the trend started and where it ended and it can be very helpful at times specially when you are predicting the long term fluctuations of a cryptocurrency.
Question no 4:
Explain how to add indicators in a chart, what is your favorite indicator and why? (screenshot necessary.
HOW TO ADD INDICATOR TO YOUR CHART
STEP #1
To add an indicator to our chat we will open a chat according to which we want to to indicate and then we will click on the indicator icon on the left top corner.
STEP #2
The fx indicator sign is for the indicators you want to use so we will click on the indicator and then we can search For the indicators we want to use in the search bar.
STEP #3
If we want to add indicators to our chat we will simply double click or click on the star sign on the side of the indicator to add it to our chat and through this method we can easily add indicators to our charts anytime easily .
MY FAVORITE INDICATOR
Moving Averages
There are lots of indicator you can use in tradingview website but my favourite indicator is moving averages because moving average indicator is used by traders To identify the specific Support and resistance levels of the market, it and through moving average indicator we can identify the support and resistance by Analyzing the the long term resistance and the short-term support levels by crossing over both of them and by this we can indicate the moving averages support and resistance of the market easily.
Question no 5:
Do you think TradingView is useful in predicting the market for cryptocurrency (trend / price)?
Tradingview website is one of the most important and useful websites if you are a trader then tradingview website is a must have in your life because tradingview provides different charts indicators and other most important features which are proven helpful and useful in predicting the market price. Through different kinds of charts a trader can easily predict the future price for a specific cryptocurrency by analysing its charts and also a trader can use different indicators and apply these indicators to the charts for or more great results and predictions. These charts and indicators are used.
In my point of view, tradingview website is the most useful for predicting the market trends whether they are Aptence or down trends tradingview website provides the data according to your need of market predictions.
CONCLUSION
Tradingview website provides different charts which are helpful because you can analyse the previous charts of specific cryptocurrency and then you can predict the future price of that currency.
Through the community feature of of trading view website you can get the the suggestions of different experts of trading and they can teach you how you can trade in the right way, also tradingview website provides 5 years old data in the form of charts and graphs which many Threads used to protect the price and also used by many researchers and predictors.
Tradingview website also provides a free trial where you can sign up to tradingview website free and view different starts for your trading and also you can make your own charts and use the indicators to predict the future price in tradingview website which is a useful and a great feature of tradingview.
My kind regards to professor @yousafharoonkhan for his efforts on making this amazing lecture, I have learned a lot from this lecture and I hope I have done my homework task well.
THANK YOU SO MUCH FOR YOUR TIME!
With Love
@janemorane
Respected first thank you very much for taking interest in SteemitCryptoAcademy
Season 3 | intermediate course class week 7
you explained well and thank you very much for taking interest in this class
Thank you so much professor.
Have a great weekend!