There are two main reasons I want to show you how to use TradingView paper trading as a stock market simulator. A solid trading strategy has three elements to it: - Knowing what to trade.
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Are you trading stocks or options? To gain confidence. Whenever you have a new strategy, you might be wondering if it actually works right? This is why when you use a simulator to test your strategy and you see that it works, you get more confidence because now you get some actual numbers. So you will know your winning percentage, your average profit, your average loss, and other important numbers.
I use it a lot.
Getting Started
So here is a step by step walk-through for how you can use TradingView as a simulator. Once you bring it up, you can choose your broker and log into your brokerage account. You want to reset your account. This may be a fun fantasy, but maybe not exactly your trading account size. It is very important that you mirror the size of your paper trading account with your real trading account.
You get the idea.
TradingView Paper Trading – Complete user guide
You will have to adjust a few settings and before I walk you through an actual order. Right mouse click anywhere on the screen in your charts.
You will also see a gear icon. Click the icon to change the settings, and these are the settings that I personally use, so I highly recommend these. Now let me show you exactly how to use it in conjunction with the PowerX Optimizer. Now, remember what I said about how a trading strategy should tell you three things. It should tell you what to trade when to enter, and when to exit.
This is exactly what PowerX Optimizer does. The PowerX Optimizer will show you how many stocks to trade based on your account size, when we want to enter, and when we want to exit. Yahoo Finance At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates.
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