5 Best Traders to Follow on TradingView
TradingView has been a dominant force in the trading world for a long time. It is hands down the most popular charting platform for traders worldwide. This is because of its industry-leading market analysis features that help traders identify market trends and trading opportunities.
One of its marquee features is its social trading capabilities. It hosts an engaging community of over 90 million users who share ideas, strategies, and analysis through charts, scripts, and annotations. Users can interact by liking, commenting, or following other traders to gain insights into various trading methodologies. The platform is a treasure trove of knowledge and trading expertise.
Following the right influencers on TradingView can provide valuable perspectives and actionable insights. In this article, we are going to explore the 5 best traders to follow on TradingView whose ideas and analyses are worth following.
TradingView’s Social Trading Core Features
TradingView's social trading offers a unique blend of features. Here is a highlight of what it allows traders to do:
- Share Ideas - TradingView allows traders to share their analyses to help others learn and also get feedback. This is important for the growth of traders on all sides of the interaction.
- Community Scripts - The TradingView Community Scripts section contains three types of scripts traders can use: indicators, strategies, and libraries. They have many similarities, but each specific type of script is tailored for its own use case.
- Chat - This feature allows traders to discuss what's unfolding in real time, getting trading opinions and ideas in their inboxes.
- Minds - Minds is a social media feed where traders from around the world gather to chat, follow, and discuss specific symbols. While all users can browse and read the Minds feed, only paid users currently have the ability to publish posts and leave comments. Luckily, there are brokers who give TradingView subscriptions for free to their traders, allowing them to access this feature.
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Overall, TradingView's social trading feature is an excellent resource for both beginners and experienced traders. It helps traders refine their trading strategies in an interactive environment. Let’s now take a look at the 5 best traders to follow on tradingView. But first, a disclaimer about our selections.
Disclaimer About the Selections
Determining the best traders to follow on TradingView is very subjective. It depends on individual strategies, preferences, and even entertainment value. It is important to do the evaluation of traders yourself and see which one you prefer to follow. By doing this, you can ensure you're following individuals who genuinely add value to your trading journey.
Trading and investing involve significant risk of loss and you should consider carefully which trading information you consume. Additionally, please note that we are not endorsing any of the traders and accounts mentioned here. This piece is only meant for informational purposes. Now let’s jump into it.
5 Best Traders to Follow on TradingView
AlanSantana
AlanSantana is an account that has established itself as a significant figure in the TradingView community. This trader has been a member of TradingView since May 1st, 2017 and has accumulated a following of over 140,000 followers. They consistently share their trading ideas mostly in the cryptocurrency space. Their ability to identify and interpret classic chart patterns has made them a standout feature.
This account consistently posts its ideas, now with over 9,700 idea posts, offering a wealth of knowledge to followers. Moreover, they offer clear and concise explanations of trading setups, making it easy for followers to understand the rationale behind each trade. They accompany their posts with high-quality chart visualisations that help to illustrate trading ideas. However, they do not share any scripts if that is something you are looking for.
Overall, this account can help traders develop a deeper understanding of price action and how to identify key levels of support and resistance. Additionally, it can help them recognise and trade common chart patterns with confidence.
LinGrid
LinGrid is another trader on TradingView worth giving a follow. They have been a member of TradingView since May 15th, 2020 and have over 107,700 followers. They have over 5,300 ideas posted showing that they consistently share their strategies and insights. Positively, LinGrid shares trading ideas covering a variety of markets including forex, gold, and crypto.
Notably, LinGrid does not only share trade ideas. From time to time, they also share educational pieces on market sentiment and discipline in the market, among other topics. Overall, they demonstrate a deep understanding of market psychology and the impact of economic trends on prices. They also consistently engage with other traders in their posts and others' posts.
This account can help traders have a stronger understanding of fundamental analysis and its role in market movements. They can also help traders develop a more disciplined approach to the market by understanding market psychology.
LuxAlgo
LuxAlgo is an account that is part of TradingView’s Wizards program that shares content on algorithmic trading. Their posts often feature innovative tools and strategies that help traders automate their decision-making processes. They have shared over 230 scripts that include custom-built indicators that assist in trend analysis, momentum detection, and volume assessment.
Further, LuxAlgo shares educational content on a variety of trading strategies and technical indicators. This helps traders gain exposure to the world of algorithmic trading and its potential benefits. They can also help traders improve their understanding of risk management and portfolio optimisation.
Traders looking to explore algorithmic trading will find LuxAlgo’s content invaluable. They break down complex concepts into manageable pieces, making algorithmic trading accessible even to beginners.
TradingShot
TradingShot has been on TradingView since Nov 25th, 2018 and boasts over 79,700 followers. This account is very active with over 5,100 ideas shared over the years. Notably, these ideas do not only cover one market. TradingShot shares ideas in a variety of markets ranging from forex, cryptocurrencies, metals, and even stocks.
TradingShot’s posts are usually accompanied by illustrative charts showing the approach behind the analyses they provide. Their strategy revolves around interpreting chart structures to identify probable market trends. Not just that. They also delve into broader market influences, such as regulatory news and macroeconomic trends that impact prices.
On another note, this account is engaging. They will routinely reply to various comments on their posts simply to have a discussion about market trends or just general topics. They will also comment on the posts of others to share their thoughts on various topics.
TradeCityPro
Next up is TradeCityPro. This account has been on TradingView since Nov 5th, 2019 and now has over 15,800 followers. TradeCityPro has established itself as a prominent account in the cryptocurrency trading community. With a keen eye for market trends, TradCityPro provides actionable insights for crypto enthusiasts.
Their posts will often feature comprehensive chart setups, identifying key support and resistance levels. TradeCityPro’s ability to combine technical and fundamental analysis makes them a great resource while navigating the volatile world of cryptocurrencies. Moreover, these posts are often accompanied by detailed explanations and charts. This can help some traders learn how to identify and capitalise on price trends and momentum.
Importantly, TradeCityPro is very engaging. They regularly reply to commenters on their posts discussing the rationale behind what they share. Overall, this can be a great account to help you learn how to identify entry and exit points for trades.
How to Evaluate Which Traders to Follow on TradingView
Choosing the right traders to follow on TradingView is essential to ensure you're learning from experienced and reliable individuals. While the traders mentioned above are excellent resources, it’s essential to know how to evaluate any influencer critically. Here's a guide to evaluating traders on TradingView:
- Examine Their Profile - Look at the trader’s profile bio for their experience level, trading philosophy, and market focus. While a large number of followers can indicate popularity, focus on their content quality rather than just their follower count.
- Analyse Their Ideas - Quality traders provide detailed analyses with clear explanations, including charts, indicators, and reasoning. Look for consistency in their trading strategy. Frequent shifts in style may indicate a lack of a structured approach.
- Check Their Track Record - Look at their history of published ideas to see how often their predictions are accurate. Consider traders who share both successes and failures. If possible, backtest the trader's ideas on historical data to see how they would have performed in the past.
- Engagement and Responsiveness - Traders who respond to questions and interact with followers show a commitment to helping others learn.
- Look for Educational Value - Prioritise traders who explain their ideas clearly, helping you understand the rationale behind their strategies.
- Follow and Evaluate Over Time - Monitor a trader’s ideas for a while before implementing any of their suggestions. This helps you assess their consistency, reliability, and compatibility with your goals.
How to Get the Best Out of TradingView
TradingView offers a wealth of features beyond simply following other traders. To maximise your experience and learning on the platform, consider these tips:
- Engage with the Community - Follow traders who share detailed charts and analyses. Additionally, participate in community discussions to learn from other traders and broaden your market perspective.
- Use a TradingView Compatible Broker - When you use a TradingView compatible broker, you gain a lot of benefits including the ability to place orders straight from the charts. You can go through the list of all TradingView-compatible brokers and pick one that best suits your needs.
- Leverage Charting Tools - TradingView is considered the best charting platform there is in the world. Utilising its extensive charting tools can help you enhance your technical analysis.
- Backtest Your Strategies - Use TradingView's built-in backtesting tool to test your trading ideas on historical data and assess their potential profitability.
- Use Paper Trading - Practice your strategies risk-free using TradingView’s paper trading feature, which simulates real market conditions.
Closing Remarks
TradingView is not just a charting platform. It provides a vibrant community where traders can learn, share, and grow together. By following top traders, you can gain valuable insights into their strategies, thought processes, and market perspectives. The traders we featured here are great examples of valuable accounts to follow on TradingView.
They offer diverse perspectives and valuable insights that can enhance your trading knowledge. However, it is essential to critically evaluate any trader you follow to ensure their approach aligns with your trading goals and style. Moreover, it's important to utilise all of TradingView's robust features to gain the best trading experience from it.
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