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How to Trade Futures Directly on TradingView Platform?
Top Benefits of Trading on TradingView Platform
The advent of online trading platforms has opened up a vast array of opportunities for traders, empowering them with various tools to make well-informed decisions. Among these platforms, TradingView stands out as a favorite among traders for its intuitive interface and robust charting capabilities, which have contributed to its widespread acclaim. If you are an options trader seeking to trade your preferred derivatives from charts, read and find out how you can start futures trading on TradingView platform.
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How to Trade Futures Directly on TradingView Platform?
The TradingView platform’s standout feature lies in its seamless integration of trading futures and options directly from charts. You have to follow these steps to utilize this functionality:
1. Account Creation
To begin, you have to either log in (if you are an existing user) or sign up for a new account on TradingView platform. Provide the necessary details, select a suitable subscription plan, and activate your profile.
2: Choose the Derivative Instrument
Begin by selecting the derivative instrument you wish to trade, either a futures contract or an options contract. Utilize the TradingView platform’s charting tools to analyze price movements and identify promising entry and exit points.
3: Connect with a Broker
If you are looking to trade futures and stocks directly from TradingView platform and you are in India, Dhan is the exclusive broker available for this purpose. Connect with Dhan to get started with your trading endeavors.
4. Start Chart Customization
Prepare your charts prior to engaging in futures or options trading effortlessly. Take advantage of the user-friendly navigation tab positioned at the top left corner, which lets you tailor the chart according to your specific requirements.
5. Integrate Indicators
Elevate your trading insights by incorporating a variety of technical indicators into your TradingView chart. Identifying trends and potential trade opportunities becomes a breeze with this feature. Adjust the chart’s time frame, add diverse technical indicators, and choose between different chart types such as candlestick or bars.
You can even compare the chart with other assets to gain further valuable insights. For seamless integration and assistance in the stock market, consider using Dhan or a similar TradingView-integrated share market app.
6. Execute the trade
When you spot a trade opportunity, you have two convenient options to enter the trade:
- Directly accessing the chart through Dhan. By clicking on the chart, you can swiftly place a buy or sell order.
- Alternatively, you may opt to use the trading platform’s order entry window for trade execution.
7. Managing risk and securing profits
It is of utmost importance to effectively manage risk and potential losses. To achieve this, you can easily establish stop loss and profit levels on the chart. Simply add a horizontal line at your desired level, and then select the ‘order’ option from the right-click menu of TradingView to set these levels accurately.
8. Track the trade
After initiating the trade, you have the ability to monitor it conveniently right from the chart. Utilize the chart to keep an eye on price movements and make necessary adjustments to your stop loss and take profit levels.
9. Execute the trade closure
When it is time to close the trade, you can easily do so directly from the chart. Simply click on the open position and choose the ‘close’ option from the right-click menu of the trading platform.
You can integrate Dhan with TradingView as leverage, for enhanced benefits like:
- Accessing real-time market data
- Accessing advanced charting tools
- Accessing various trading features
This integration empowers you with valuable resources to make informed and efficient trading decisions.
Top Benefits of Trading on TradingView Platform
The TradingView platform stands as formidable and widely acclaimed, providing valuable support to enhance your trading experience.
User-friendly interface
Its user-friendly interface facilitates seamless execution of futures and options trading directly from interactive charts, making your trading experience a truly satisfying one. This is a remarkable platform that caters to both novices taking their initial steps into the world of trading and seasoned technical analysis experts looking for sophisticated tools to refine their strategies. Its user-friendly interface and intuitive design make it easily accessible for beginners, while its advanced features and comprehensive analysis tools offer a powerful arsenal for the most proficient traders.
Versatility
One of the standout features of TradingView platform is its versatility in facilitating the publication and exploration of trading ideas. Traders of all levels can effortlessly share their insights, strategies, and charts with the community, fostering a vibrant environment of knowledge exchange and collaboration. This not only encourages beginners to learn from experienced traders but also allows experts to refine their approaches by engaging with a diverse range of perspectives. The TradingView features are solid, to say the least!
Accurate market data
The platform’s real-time quotes and dynamic charts ensure that traders can seize opportunities and make informed decisions regardless of their location or the time of day. Whether on a desktop computer, tablet, or smartphone, TradingView platform provides seamless access to up-to-the-second market data and analysis, empowering users to stay ahead of the curve and capitalize on market movements as they unfold.
A hallmark of TradingView’s credibility lies in its commitment to sourcing data exclusively from professional providers. These providers possess direct and extensive access to a wide spectrum of financial instruments, including popular indices, futures, stock quotes, Bitcoin, Forex, and CFDs. By relying on such reputable data sources, traders can rest assured that the information presented on the platform is accurate, reliable, and aligned with current market trends.
Good for traders with any level of experience
The TradingView platform stands out as well-rounded and inclusive, and caters to traders at all stages of their journey. It serves as an ideal starting point for beginners, providing a supportive and educational community, while simultaneously offering a robust suite of tools and data sources that satisfy the demands of even the most seasoned technical analysis experts.
Whether you are a newcomer or a seasoned trader, the TradingView platform empowers you to thrive in the dynamic and ever-evolving world of financial markets.
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Conclusion
In the ever-changing trading environment of today, staying ahead of the competition is paramount to achieving success. And the TradingView platform helps with that. With its robust capabilities, TradingView lets you to effortlessly engage in trading derivative instruments like futures directly through interactive charts.
