How to Use TradingView for Forex
1. Create a TradingView Account
Visit TradingView.com or download the TradingView app from Google Play or Apple App Store. Sign up using your email, Google, or Facebook account. Bangladesh traders can use any email provider (Gmail, Yahoo, Outlook). The free plan is sufficient to start learning.
2. Set Up Your Forex Chart
Click on 'Chart' from the top menu. The default chart shows US stocks. To switch to forex, click on the symbol search bar (top left) and type a forex pair like 'EUR/USD', 'GBP/JPY', or 'USD/BDT' (note: USD/BDT has limited data). Most Bangladesh traders focus on major pairs: EUR/USD, GBP/USD, USD/JPY, and XAU/USD (gold).
3. Customize Your Chart Layout
Use the toolbar on the left to add indicators (e.g., Moving Average, RSI), drawing tools (trend lines, Fibonacci), and timeframes (1m, 5m, 1H, 1D). Bangladesh traders who are mobile-first can use the app's portrait mode for quick analysis. Save your layout by clicking the 'Save' icon to reuse later.
4. Add Indicators and Alerts
Click 'Indicators' and search for popular tools like 'Bollinger Bands', 'MACD', or 'Ichimoku Cloud'. Set price alerts by right-clicking on the chart and selecting 'Add Alert'. Alerts can be sent to your email or mobile notification. This is helpful for Bangladesh traders who cannot monitor charts all day.
5. Connect TradingView to Your Broker (Optional)
TradingView allows direct trading with some brokers (e.g., OANDA, FXCM, Capital.com). To connect, go to 'Trading Panel' at the bottom and select your broker. If your broker is not listed, you can still use TradingView for analysis and then execute trades on your broker's platform (MT4/MT5). Many Bangladesh brokers like Exness, FXTM, and IC Markets support MT4/MT5.
6. Use TradingView for Analysis, Not Trading
Remember: TradingView is a charting tool. You cannot deposit or withdraw money on TradingView. All deposits (bKash, Nagad, USDT TRC20) and withdrawals are handled by your broker. Use TradingView to find entry/exit points, then place trades on your broker's platform.