AI trading involves leveraging artificial intelligence, predictive analytics, and machine learning to analyze past market and stock data. This technology aids in creating investment strategies, building portfolios, and automating the process of buying and selling stocks.
A Beginner's Best Friend: The Demo Account Many traders base their transition to live trading on the insights and performance gleaned from their demo accounts. The convenience of setting one up is straightforward—simply use the Paper Trading option on TradingView to practice with a simulated account.
Click on the Trading Panel of your chart, and you'll find the Paper Trading option on TradingView. However, the utility of demo accounts isn't confined to just beginners; seasoned traders also derive significant benefits. Experienced traders frequently utilize demo accounts to try out and assess new trading strategies.
The main way to open a trade on TradingView's platform is through an order ticket, where you can open your position as a market order or as a limit order, adding a take profit or stop loss level if you desire. TradingView also offers an Order Book labeled on the platform as DOM (depth of market).