Tradingview is a great tool for trading futures and forex. You can get real-time data, make predictions on trades, and see the most recent changes in currency rates. It’s also free to use! It is a one-stop resource for all your charting needs. Whether you’re an expert trader or just starting out, this site will have what you need to take the next step in business savvy and investment planning.
They also offer social networking so that traders from around the world can share ideas on trading strategies, custom scripts designed by our experts to enhance charts, and set up topic-based chats with like-minded people who are as interested in similar topics as they are! Many people are skeptical of how an app like this could be useful, but it turns out that Tradingview has a lot of benefits. In this post, we will go over some of the best features available with Tradingview so you can decide if you want to sign up or not.
Pros
- Cross-platform superior charting system in HTML5 (web, iOS, and Android)
- Alerting system on the server
- Screeners
- Scripts
- Supports a wide range of marketplaces and exchanges.
- Supports a wide range of asset kinds
- Trading strategy backtesting
- Pricing
Cons
- Some authors’ quality, some false ideas, and trolling
- Some asset classes, such as ETFs, have poor quality profiling.
- Customer support as perceived (as per Trustpilot)
Who is it for?
TradingView is a powerful tool for both novice and experienced traders, with the support of stocks to crypto. It’s also accessible across devices as well.
Technical analysis is often dismissed by long-term investors because they think it isn’t helpful to them. But TradingView might be the exception since you could use technical analyses tools like trendlines, support and resistance levels or pivot points in order to take advantage of some degree of technical analysis that would help your investment decisions.
- Pick a solid entry point for your investment because it can make a significant difference in your future results.
- Pick appropriate stop-loss amounts for your investment based on your risk tolerance.
- Understand the long-term tendencies of any asset you’re considering purchasing to ensure you’re not investing in a company that has been deteriorating for a lot of years.
These three factors alone will make you a better investor and help you avoid common blunders.
Advantages of the TradingView Platform
Tradingview has a lot more than just charting capabilities–it can offer traders insight into market sentiment for example which is one way even experienced daytraders are able to make trades without fear while still preserving their capital. It’s also worth noting how fast trading data gets updated on this site due to its real-time streaming service called “Stream View.” They also offer a wide variety of features that are easy and intuitive, including live chat where you can get support from other experienced traders in real-time.
TradingView’s main essential features are:
- a strong charting system
- a comprehensive screener for stocks and cryptocurrencies
- server-slide alerts to notify you of price changes.
- a vibrant community where traders and investors may discuss ideas
- scripts that can be customized to create custom indications
- broker integration with support for more than ten brokers
Fees and Pricing
It’s great that TradingView has a free version. It allows people to look around and see what their product can offer before they commit, which is something I appreciate in any digital marketplace. The lack of long-term data and technical analysis is limiting, but it’s worth trying out so that you can see if this service will be helpful for your trading needs. They have four different pricing plans: the Free Plan (limited features), Pro ($150/year) with more powerful charting tools, pro+ ($300/year) for extra data like social sentiment analysis and an upgrade on support options, or Premium at $600 per year for even more premium-level trading indicators – you could call it “all-inclusive trader package!” If you open an account with FXCM, you will receive TradingView Pro for free for a year.
Final Thoughts
The TradingView software has been a valuable asset for me when I want to do analysis before executing trades on my broker website. It is reliable, comprehensive, and covers most of what I need day-to-day in the trade market with its features. Given how affordable it is despite some issues that are present, this app should be your first go-to option if you’re looking into trading apps.
