Startup Idea: YouTube Channel Backtesting Indicators on TradingView

Difficulty

On This Page

At A Glance
Important Factors
Similar Ideas

Basic Description

Creating a popular YouTube channel depends on a constant source of interesting content ideally within one tight niche.

Keeping it tight will mean that you benefit from an increased number of views as your viewers of one video will bounce around to other videos on your channel.

Taking a subject that is constantly growing will give you a never-ending stream of new things to talk about.

This startup idea involves you testing out indicators on the popular free charting platform TradingView, with most of them being totally free of charge to you.

Investors (especially those chasing the dream of riches in the Forex world) are always looking for the secret recipe to trading/investing success and you can provide research to them.

Create 5-minute-long videos where you take a specific indicator and try it out: changing the settings, and trying it out on different financial instruments (forex, stocks, indexes, commodities etc.) and talking about the patterns it produces.

Even with a basic knowledge of the whole financial trading world, you should be able to create interesting content that will be relevant to people searching on YouTube or the search engines about a particular indicator or indicators in general.

With this niche being in the investment world you should expect fairly high ad earnings per viewer too.

At A Glance

What are the most important factors about this startup idea?

Market Size

$3.8 Trillion Per Year

A larger market size for a product/service is usually better.

Initial Investment

This is the minimum amount of cash you would need to test an MVP yourself.

Growing Market

This startup idea is in a growing market, suggesting that there could well be increasing opportunities.

Evergreen

An evergreen idea is one that has already shown stability and will probably do so for some time.

Not Seasonal

This idea is not seasonal and should provide a stable income all year round.

Hands Off

Once built, this business should be a hands off money maker freeing you up to focus on other things.

Important Factors

What are the most important things to consider with the "YouTube Channel Backtesting Indicators on TradingView" startup idea.

How It Makes Money

The easiest way for this idea to produce hands off income is through the Adsense system built into YouTube, earning income from every pair of eyeballs on your video. A more advanced method would be to funnel these people from YouTube and try to sell them a course or digital product they may be interested in.

Establishing how a startup will make money is one of the first things you should look at before starting.

Required Skills

A basic knowledge of the trading/investment world is key. Knowing how to produce interesting video content with attention grabbing thumbnails is also important for video marketing.

Having the needed skills to build the MVP for the startup yourself reduces costs massively, otherwise you may have to outsource the work.

Building An MVP

With this idea it would be ideal to just do it in order to test it. Create a bunch of episodes of the most popular indicators and release them into the wild of YouTube search and see how people react.

Building a "minimum viable product" is the first step in launching your startup. It allows you to test the idea in a real-world market first.

Initial Traction

The beautiful thing about YouTube is that it already has the audience, you just need to answer questions that others aren't answering or answer them better.

Once you have an MVP ready you need to get your first customers. These real people allow you to find out what you are doing right/wrong.

Growth Hacks

What are some growth hacks you could experiment with to really launch this startup?

Deep Research and Analysis: Conduct thorough research on various trading indicators and strategies. Provide in-depth analysis during your videos, explaining the logic behind the indicators and how they can be effectively used in different market conditions.
Backtest Live Trading Strategies: Besides backtesting, showcase live trading sessions where you implement the strategies you've backtested. Document your trades, explaining your decisions and the indicators that influenced your actions. Live trading sessions can build credibility and engage viewers interested in practical application.
Regular and Consistent Uploads: Stick to a consistent upload schedule, whether it's daily, bi-weekly, or weekly. Regular uploads keep your audience engaged and coming back for the latest trading insights and strategies.
Interactive Live Q&A Sessions: Host live Q&A sessions where viewers can ask questions about specific indicators, trading strategies, or backtesting techniques. Engage with your audience in real-time, providing expert advice and insights. Interacting with viewers creates a sense of community and loyalty.
Collaborate with Trading Experts: Collaborate with other trading experts, financial analysts, or economists for joint videos or interviews. Their expertise can add value to your content and attract a wider audience interested in diverse trading perspectives.
Create Tutorials and How-To Guides: Produce tutorials and how-to guides demonstrating the process of backtesting indicators on TradingView. Break down complex concepts into easy-to-understand steps, helping beginners grasp the fundamentals of backtesting.
Utilize Visuals Effectively: Use clear charts, graphs, and visual aids to illustrate your points. Visual representation helps viewers understand the data and indicators more effectively. Use professional charting tools to enhance the visual quality of your videos.
Keyword Optimization: Optimize your video titles, descriptions, and tags with relevant keywords related to backtesting, trading indicators, and TradingView. Understanding common search queries helps your videos appear in search results, increasing discoverability.
Engage with the Trading Community: Participate in online trading forums, social media groups, and communities. Engage in discussions, share your expertise, and discreetly promote your channel when relevant. Engaging with the trading community can drive organic traffic to your channel.
Offer Free Resources: Create downloadable resources such as backtesting templates, indicator settings, or strategy guides. Offer these resources for free to your viewers, encouraging them to subscribe to your channel to access exclusive content.
Encourage Viewers to Share Their Strategies: Invite viewers to share their backtested trading strategies. Feature some of these strategies in your videos, giving credit to the contributors. This interactive approach encourages viewer participation and builds a sense of community.
Stay Updated with Market Trends: Stay abreast of market trends, news, and events. Create videos discussing how recent market developments impact various indicators and trading strategies. Timely content related to current events can attract more viewers interested in real-time analysis.
Create a Website or Blog: Establish a website or blog as an extension of your YouTube channel. Publish articles, in-depth analyses, and additional resources related to backtesting and trading strategies. Cross-promote your website on your YouTube channel, driving traffic to your site.

YouTube Channel Backtesting Indicators on TradingView