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TradingView

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Today, TradingView is one of the most popular charting platforms available online.

TradingView delivers a smooth charting experience and offers a wide range of customisation options. However, charting software brokers are often clunky and difficult to use, limiting their ability to be customised and clunky.

ChartingView specialises in providing traders with a customised charting experience. In addition, TradingView is a social trading platform. As a result, a considerable variety of community-driven content is available to you, including discussions, trades, and more.

TradingView has a cost, but serious traders who want to improve should consider it an investment.

What is TradingView?

Busy working day. Side view of successful trader or businessman in formal wear and eyeglasses working with charts and market reports on computer screens in his modern office

The TradingView platform lets you analyse financial assets, create charts, and customise technical indicators. An investor and trader social network with charting features is part of this platform Millions of traders use technical indicators every day.

Users can observe and review price charts of hundreds of assets, including cryptocurrencies, on TradingView charts and share and discuss ideas related to crypto trading. On volatile markets such as cryptocurrency, traders highly seek out the indicators that provide them with a high level of price predictability.

It is entirely browser-based, just like the C-Trade trading section, so you don’t have to download any software. For those who prefer a mobile experience, an app is also available for Android and iOS.

In what way does it work?

TradingView upholds its code of honour. They help investors and traders navigate chaotic market conditions. The TV helps them identify and take advantage of all the opportunities in the market.

All the information, data, analysis tools, etc., are available on the website. In addition, the homepage provides a wealth of information without requiring you to sign up.

A user can access free information on the homepage, such as currency pairs, Dow, NASDAQ, S&P 500 markets, trading ideas, and newest stories.

In addition to basic charting features, you also have access to the TradingView community when you sign up for a free account. A free account can also be upgraded to a paid one to enjoy more advanced features.

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Pricing and account types

Account types in TradingView are Free, Pro, Pro+, and Premium.

Prices range from free to $59.95 per month.

Functionalities vary from level to level. With a yearly subscription, you get a 16% discount.

Since it offers no ads, two charts per layout, at least five indicators per chart, unlimited templates, and watchlists, I’ve tried and used Pro for a long time.

A few well-executed trades are enough to cover the yearly cost for my trading needs.

The TradingView account creation process

Creating a trading account is as easy as clicking “join for free” in the top right corner of this page. The instructions will guide you through the process. Congratulations! Your TradingView account has been created.

You can access the following features with a free account:

  • Chart access.
  • Each chart has three indicators.
  • The layout of 1 chart has been saved.
  • Template for one indicator.
  • One enhanced watchlist.
  • One indicator.

Using the free account means that you will occasionally see advertisements. A paid account will not display any ads – they can be annoying, but they aren’t too intrusive.

Using TradingView as your chart tool will likely require upgrading to a paid account if you plan on using TradingView for this guide.

I highly recommend using the free one-month trial if you are unsure about paying for TradingView. It will give you ample time to feel for the software since you will access all the tools.

Regardless of the trial length you selected, you will be charged after your trial. To cancel, go to your profile and select the billing tab. TradingView will show you all of your subscriptions here, along with how you can cancel them.

Advantages/Pros

  1. The most versatile platform
  2. Charts that are easy to use, fast, sleek, and zoom in/out smoothly
  3. Indicators built by the community and popular indicators
  4. Great trading tools
  5. Stock and forex screener that is one of the best
  6. Mobile app with full functionality
  7. With a free plan, you can enjoy several notable features
  8. Affordable prices

Disadvantages/Cons

  1. Customer service is not up to industry standards
  2. Broker support is minimal

Can any trader use it?

The TradingView platform is one of the most versatile in the industry. Traders and investors of all levels can benefit from it. The free plan is suitable for investors and swing traders despite its limited features.

Indicators and other key features are not required for investors and long-term traders. However, medium-term and short-term traders require more advanced features and indicators. As a result, they can only use TradingView by subscribing to paid plans.

What are the main features of TradingView?

Without reviewing TradingView’s main features, the review would be incomplete. There are numerous features that the platform provides.

You must subscribe to one of three paid plans for more advanced features.

1.   TradingView charts

TradingView charts have never provided such comfort and satisfaction; they are remarkable.

The simplicity, speed, sleekness, smooth zooming in/out, ease of use, and satisfaction are beyond description. In addition, the TradingView charts make it easy to view prices and analyse patterns.

Moreover, the charts are equally helpful for beginner and advanced traders. With TradingView charts, you can:

  • The 12 chart types include Renko, Kagi, and Point & Figure charts.
  • Sync symbols, drawings, and intervals for up to 8 charts per tab.
  • Watch bars at the speed and resolution the user chooses.
  • User-defined custom formulas can be defined in Spreadsheets.
  • Intervals can be customised to suit your needs

2.   TradingView indicators

More than one hundred pre-prepared indicators are available in TradingView, as well as more than one hundred thousand free indicators. This is a massive library of technical indications. In addition, the library is constantly updated, and new directions are added.

Another fantastic fact about television indications is their ease of use. Instead of a long drop-down menu, you can click the “Indicators” button to display the entire library of indicators with a pop-up dialogue box. Again, these are unique mapping features that you won’t get anywhere.

  1. More than a hundred of the most famous characters
  2. More than hundreds of thousands of signs grew up in the village
  3. Volume profile indicators

3.   TradingView drawing tools

TradingView offers great drawing tools to help you trade. Fifty more innovative tools ensure that your technical analysis is smooth and fast. Use this drawing tool to understand the technical aspects of trading better.

The following tools will allow you to cover the technical analysis’s performance fully.

  • Lines and trends
  • Annotation
  • Patterns
  • Geometric shapes

4.   TradingView notification

TradingView alerts are robust, flexible, and easy to use. It uses intelligent Pine Script and memorable cloud notifications. The most notable features of this warning are:

  • Available on all devices
  • Twelve warning states
  • Warning of various factors – indicators, strategies, prices
  • Powered by Pine Script – allow you to develop and share your strategies and guidelines
  • Push and webhook notifications

5.   Basic data of TradingView

TradingView has a comprehensive database of essential data that can help you perform practical financial analysis.

You can perform your fundamental analysis quickly and efficiently if you have access to an extensive database covering all major stock markets. More than a hundred default fields and ratios

  1. Financial Statements
  2. Value analysis
  3. Historical data
  4. It is subject to world markets

6.   Screener TradingView

TradingView offers one of the best stock screens available today. It enables traders and investors to make their investment decisions better and more transparently.

Trading View provides a forex screener, a crypto screener, a stock market heat map, and a crypt market heat map along with a stock filter. In addition, TradingView includes more than ninety exchanges, hundreds of plus filters, multiple time frames, and server-side alerts.

All these trading features make it one of the most comprehensive screeners available on the market today.

7.   Other functions

TradingView is one of the most used platforms. It offers the following additional fun features.

It trades in all markets and allows you to trade stocks, cryptocurrencies, forex, indices, futures, and bonds. Paper Trading allows you to practice trading strategies, conduct trades, test, and learn tools.

Live streams help you learn from knowledgeable, professional investors and traders who simplify their trading practices.

The chat feature allows you to learn, discuss and share ideas with other members of the TradingView community. You can also ask a few questions and seek help from professional community moderators.

TradingView Pro: Is it worth it?

Worth it if you want access to multiple indicators, charts, and alerts. It improves your technical analysis and gives you access to the community. PRO and PRO+ are worth the price if you want to make better trading decisions.

Free download of TradingView pro

Pro, Pro+, and Premium editions of TradingView are free. TradingView offers a free 30-day trial of the Pro service, which gives you full access for free. You can only get TradingView Pro for free by signing up for this trial.

Platform of tradingView

No installation is required for TradingView to run on PCs, Macs, Tablets, and Smartphones. TradingView covers nearly every stock market. The package includes Stocks, ETFs Futures, Foreign exchanges, and Bonds, with no extra charge, representing excellent value for money.

TradingViews’ cloud architecture eliminates the need for software downloads or installations, and all stock exchange data is stored on the vendor’s servers, which in turn are located in the cloud.

Only those charts you want to visualise are streamed to your client device from the cloud, so all charting and computing occur in the cloud.

Using cloud-based software will enable you to share ideas with other traders. Additionally, cloud-based platforms are simple to set up and cross-platform compatible.

How real-time is TradingView?

The TradingView Pro, Pro+, and Premium services provide real-time exchange data.

Exchanges usually charge Real-time data extra, but TradingView is among the least expensive in the industry at only $2/month per exchange compared to competitors who charge $10 to $15.

TradingView supports which stock exchanges?

TradingView pulls data from 13 NYSE exchanges in the Americas, 9 NYSE exchanges in Europe, and 30 NYSE exchanges in Asia. Furthermore, TradingView provides coverage on all major cryptocurrency exchanges, foreign exchange markets, and commodity futures markets.

Is it possible to trade Bitcoin on TradingView?

Yes, theoretically, but only outside the United States. A CFD Broker can help you with this. I say theoretically because CFD (Contract for Difference) Brokers will not let you deposit bitcoins into your Bitcoin Wallet.

They will only allow you to open a virtual trade during which the selling price will be adjusted to reflect the current market price.

Buying gold ETFs is similar to buying physical gold.

TradingView offers what trading options?

Wooden signpost - option 1, 2, 3, 4, 5.

Trade stocks, indices, and foreign currencies worldwide with TradingView. As well as dealing in energy, metals, agricultural futures, and significant cryptocurrencies, users can trade virtually any product.

  • There are tens of thousands of shares; see above for coverage of exchanges.
  • The central, minor, and exotic forex (FX) currencies are all covered
  • You can also buy futures for indices, metals, agriculture, and even interest rates
  • Bitcoin, Ripple, Ethereum, Bitcoin Cash, and 26 other cryptocurrencies are listed
  • Government Bonds – 30+ Types of Bonds

Screener for TradingView stocks

It screened for 172 metrics, including 42 financial filters in real-time, making it the best stock screener for screening technical indicators. In addition, the stock screener from TradingViews includes a helpful technical buy and sell rating scan.

Through its connection to the Federal Reserve database, TradingView has access to many economic data.

Screening watchlists in TradingView have fundamental data segmented into five categories: Performance, Valuation, Dividends, Margin, Income Statement, and Balance Sheet.

The charting of economic indicators of TradingView stands out, for instance, the comparison of civilian unemployment with corporate profit growth.

Screening watchlists and filters can be set to refresh every minute if desired.

Bottom line

Whether you’re a beginner or an experienced trader, TradingView is an excellent option for any trader looking for a free and competent solution that comes with dozens of useful tools. The educational materials are also available free of charge and cover all the basics of chart reading and technical analysis in detail.

For a beginner, TradingView is much simpler and cheaper than other platforms. Newcomers will benefit from the integrated social network but always take suggestions and advice from the social section with a grain of salt.

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