What is TradingView
What Exactly is TradingView?
TradingView is not a broker—it is a charting and analysis platform. Think of it as a professional-grade tool that lets you view price charts, apply technical indicators, draw trend lines, and share your analysis with a global community. It supports stocks, forex, cryptocurrencies, commodities, and indices. For a Bangladesh trader, this means you can analyze the USD/BDT exchange rate, gold prices, or Bitcoin without needing expensive software.
How Does TradingView Work?
You access TradingView via a web browser or mobile app. After signing up (free), you can search for any market, like 'EUR/USD' or 'BTC/USD'. The platform loads a real-time or delayed chart depending on your plan. You can add indicators like Moving Averages, RSI, or MACD, and save your layouts. TradingView also has a 'Pine Script' language for creating custom indicators. For Bangladesh traders, the mobile app is especially popular because many access the internet via smartphones.
Why TradingView Matters for Bangladesh Traders
Bangladesh has a growing community of retail traders, many of whom start with small capital (e.g., 5,000–10,000 BDT). TradingView's free tier is ideal for learning without financial risk. Additionally, brokers that accept bKash or Nagad often integrate with TradingView, allowing you to trade directly from the charts. This reduces the need to switch between apps—a big advantage for mobile-first users. The social aspect also lets you follow experienced traders from around the world, which is helpful for beginners in Bangladesh.
Practical Example with BDT
Imagine you want to trade gold (XAU/USD). You open TradingView on your phone, search for 'XAU/USD', and see the price is $2,000 per ounce. You draw a support line at $1,980 and a resistance line at $2,020. You set a buy order if price breaks above $2,020. Your broker (funded with 10,000 BDT via bKash) executes the trade. TradingView shows your entry and profit/loss in real time. This entire workflow is possible without a desktop computer.