How to Trade on TradingView: Everything You Need to Know!

Millions of traders around the world use TradingView for its charting capabilities and only as a tool for analysis. In fact, it’s so user-friendly that other trading platforms integrate TradingView-powered charting tools. Yet, TradingView itself also offers trading capabilities, both demo and real. In this article by Finestel, I’ll thoroughly explain how to trade on TradingView and how to place orders, both using the Paper Trading feature and by connecting your broker account.

Key Takeaways

• You can use Paper Trading for demo accounts or connect with a broker for live trading.
• Only brokers supported by TradingView can be linked for live trading on the platform.
• You can easily place orders, set stop-loss/take-profit, and manage positions directly on the chart.
• The TradingView mobile app allows trading with functionality similar to that of the desktop version.

Can You Trade on TradingView?

The first question that we’ll take right out of the way is whether you can trade on TradingView. Well, the answer is yes, but it depends. If you are interested in demo trading, the Paper Trading feature on TradingView allows you to do just that.

However, if you want to manage a real account, things get a little bit more complicated. Still, it’s possible for many traders to do so. The main factor is that you should trade with one of the brokers supported by TradingView. So, you cannot connect all brokers to the platform.

Ready to level up? Dive into our ‘Autotrading in TradingView‘ guide for all the insights!

What Brokers Does TradingView support?

TradingView supports over 70 different brokers for trading directly on the platform. So, there are many options for you to choose from. The image below shows some of the best brokers for TradingView, according to the reviews on the website:

There are also some cryptocurrency exchanges supported by TradingView. Some of the top choices, which are also Finestel’s partner exchanges, are Binance, Bybit, and OKX. Therefore, there’s no shortage of options, even for crypto traders.

Can You Trade on TradingView without a Broker?

The answer to this question is both yes and no. If you only want to demo trade, you can use the TradingView Paper Trading feature without needing a broker account. However, to trade real funds, you should link your broker to TV. Note that you cannot trade on the platform if you want to link a broker (or you’re already using a broker) that is not included in the list of supported brokers by TradingView.

How to Paper Trade on TradingView?

As the name gives it away, the Paper Trading feature on TradingView is for those who only want demo. Now, to start paper trading on TradingView, you should first locate and click on the “Trading Panel” button at the bottom of the charting interface.

It will then pop up a panel that includes the same list of supported brokers we’ve already presented. Yet, on the top left, there’s a “Paper Trading” option. Click on it and then click “Connect”.

How to Trade and Place Orders on TradingView?

The Paper Trading panel will now open up below the chart. Let’s start by explaining how to trade on TradingView Paper Trading before exploring other available features and options. So, if you click on the “Trade” button at the top of the panel, a sidebar will open up on the right.

This is where you can place an order by specifying the type (market, limit, stop), the volume (in contracts or USD), or risk amount (in percentages or USD), and the direction (buy or sell). You can also set your Stop Loss and Take Profit orders. Note that in order to specify a risk amount instead of directly putting in the volume, you should first determine your Stop Loss price.

Discover the top free indicators on TradingView to boost your trading!

You can also place your orders based on the Depth of Market (DoM) for both market and limit executions. Moreover, to enter positions with a click and without going into the panel, you should use the TradingView instant order placement feature and the buy and sell buttons on the top left corner of the chart.

It’s also possible to set your short or long order or even manage your open position directly on the chart by dragging the lines demonstrated in the screenshot below. 

After you’re done trading, or when the position is open, you can view your order history and trading journal in the Trading Panel below the chart at any time. Your recent executions will also be demonstrated on the chart. Moreover, resetting your account balance, creating a new account, exporting your data, and even editing visuals like order lines and labels are also possible using the same Trading Panel.

Learn how to backtest like a pro on TradingView and refine your strategy!

How to Trade on TradingView with a Broker Account?

The process of trading broker accounts on TradingView is essentially the same as that of paper trading. The only difference is that you should first connect your broker to TradingView. Then, you’ll be able to use the same tools and features as in the Paper Trading feature. 

So, in order to link your broker, you should first find it in the list of supported brokers in the Trading Panel, specify whether you want to connect a demo or real account, and click on Connect. 

You will then be redirected to the login page of the selected broker. After entering your credentials and making the necessary adjustments based on the broker you select, you can begin trading. The explanations presented for the Paper Trading feature apply here, as the panel interface is the same.

How to Trade on TradingView Mobile App?

You can also trade on the TradingView mobile app, both using the Paper Trading feature and by connecting your broker to the platform. Select a symbol, open the chart, tap the three dots button below the chart, and select your broker (or Paper Trading).

After you’ve connected your broker account or Paper Trading account, you will be able to trade. The process of how to place a trade on TradingView mobile app is the same as on the desktop. Setting the orders and executing them are practically similar, with the trading panel having the same tools as the desktop interface.

Conclusion

TradingView is the most popular charting platform in the world, but it is not limited to it. Both demo and real trading are also possible directly on TradingView. For demo trading, you can use the Paper Trading feature, while for real trading, you should first connect your broker to the platform. Remember that your broker should be supported by TradingView.

As TradingView is considered super user-friendly and functional for analysis, being able to trade directly through it is a very appealing option. We’ve gone through the whole process of creating your trading account, executing it, and viewing your trading history on TradingView with visual representations so that you can kickstart the journey.

FAQ

How to Trade on TradingView with Binance?

Binance is one of the cryptocurrency exchanges supported by TradingView. You can manage your Binance account directly from TV by linking it via the Trading Panel.

How to Trade Forex on TradingView?

To trade Forex on TradingView, you need to connect your Forex broker account via the Trading Panel. Then, you can freely trade any currency pair available on your broker.

How to Link Oanda to TradingView?

Navigate to the Trading Panel below your charting interface and select Oanda from the list of brokers to connect and execute on TradingView directly.

How to Trade Options on TradingView?

While the TradingView Options feature is in beta, you can build and backtest your options strategy on the platform.

How to Trade on TradingView for Free?

Fortunately, trading directly on the TradingView is included in the free plan. Yet, there is an exception for some future contracts that require you to buy data.