Trading for Beginners. How I Set Up My ASX Charts in TradingView (Step by Step)
When it comes to trading,especially beginners,chart setup is where most people go wrong. They open TradingView, see hundreds of tools and indicators, and assume more equals better, less is actually better in this case. Within minutes their screen is cluttered, their confidence drops, and price becomes harder to read — not easier.
Trading for beginners this does not require complexity. It requires structure. A clean, repeatable chart layout will give you more clarity than 15 random indicators ever will. What follows is exactly how I set up my ASX charts each and every trade — a simple, consistent, and designed to keep price behaviour front and centre.
Trading for Beginners – Step 1 – Price Comes First
Before adding anything to your chart, remove everything that does not need to be there. Clear indicators, delete drawings, and zoom out so you can see the broader structure. Beginners must begin with the understanding that price is the only leading signal. Everything else reacts to it.
Focus on structure first. Is price trending? Is it consolidating? Is it respecting previous highs and lows? If you cannot answer those questions from price alone, adding tools will only create more confusion. Structure always comes before strategy.
Trading for Beginners – Step 2 – Add the Core Three things
Once structure is clear, you can add the only three supporting tools I recommend for trading for beginners. These are not predictive indicators. They confirm what price behaviour is already showing. Used correctly, they increase confidence. Overused, they create noise.
- Moving Averages (20 / 50 / 200) – Help visualise trend alignment.
- RSI – Measures momentum and stretch in a move.
- Volume – Confirms participation and conviction.
This combination keeps charts clean and structured. Trading for beginners improves dramatically when you focus on confirmation rather than prediction.
Start Your Free TradingView AccountTrading for Beginners – Step 3 – Precision Tools (Only After Structure)
TradingView includes advanced tools like Elliott Wave and Fibonacci retracements and extentions. These are powerful when structure is already understood. They refine your reading of the stock market — they do not replace discipline or price behaviour.
Fibonacci helps measure retracements within a trend. Elliott Wave maps psychology and progression. However, neither tool should override what price is clearly communicating. Discipline always beats complexity every time.
Why TradingView Works for Beginners
TradingView strikes the right balance between simplicity and professional capability. It works across desktop and mobile, offers structured drawing tools, and allows you to build layouts that remain consistent every session. That consistency builds confidence.
For trading for beginners, this matters. You want a platform that supports growth without overwhelming you. Start simple. Master structure. Add precision only when earned.
Get The Trading For Beginners Step By Step E-Book courseFrequently Asked Questions
Is TradingView good for trading for beginners?
Yes. TradingView allows beginners to focus on price first while still offering advanced tools as skills develop. It supports structured learning rather than random experimentation.
Do I need paid indicators to start trading?
No. Trading for beginners should start with clean charts, price structure, and basic confirmation tools. Paid tools do not replace understanding.
Where can I learn the full structured system?
The complete process — including Monthly to Weekly workflow, entry structure, and risk management — is explained step by step inside the Trading For Beginners course.
Resources
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If you’re looking for tools, walkthroughs, masterclasses, cheat sheets, and structured guidance, visit the She Trades Shares Resource Hub. This is your central access point to everything we’ve built — from paper trading support to full step-by-step share trading education.
Trading for Beginners Guide – The Ultimate Resource Hub
