Set Up Simulation Trading on TradingView

Here is a step-by-step walk-through of how you can use TradingView as a simulator.

1) Step one. You need to connect paper trading, and in order to do this, you go to the “Trading Panel” tab at the bottom.

Once you bring it up, you can choose your broker and log into your brokerage account.

On the very left side, you see “Paper Trading.” Click that.

2) Step two. You want to reset your account. You might be wondering,

“Why should I reset my account? I haven’t done anything yet.”

This is because your account will start you off with $100,000 by default.

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.

So, therefore, you click on the gear icon that will show on the right-hand side, and then in the dropdown menu, you see “Reset Paper Trading Account.”

Once you click that, it will prompt you to input your desired starting balance.

So if you are planning to start with $10,000 in your real trading account, start with $10,000 in your paper trading account.

If you are starting out with an account of $20,000, enter that instead.

You get the idea. Then just hit “Reset.”

3) Step three. 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.

In the menu, you will see the fourth item down is “Trade.”

Go ahead and click on “Trade” then click on “Create New Order.”

When you click on Create New Order, you have an order ticket appearing on the right-hand side of your chart.

By: Aaron Valley | From: Cheetah Investors