TradingView Trading Platform capabilities and features

Check out my in-depth, Forex 101 educational series covering everything you’ll need to know about forex and currency trading. I dive into the ins and outs of leverage, explain how pips work, and more. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. It’s trusted by more than 30 million traders because no one can find anything they don’t like about TradingView.

TradingView Free vs Paid

And if you want to take your trading to the next level, then Trade Ideas is your best option. A nice feature is that those alerts can be set on a specific price and even indicators, trading strategies or drawings. Once an alert gets triggered, you get notified per email-to-SMS alerts, visual popups, audio signals, PUSH notifications, email, or webhook notifications.

Sign up to get daily digests on the stocks that matter to you.

As mentioned above, there are many features on TradingView, and upgrading to higher plans will unlock additional features. If you’re an active trader and are serious about your trading, you should try TradingView Essential or Plus. In the world of supply and demand trading, proximal and distal lines are two terms… Once it’s installed, simply enter your account details, and the chart will open with your analysis intact.

Attention Investors:

While TradingView does support backtesting, I personally recommend using MetaTrader for backtesting – especially if you want to use historical data. MetaTrader 5’s Strategy Tester allows for highly complex backtesting with advanced settings and support for multi-threaded backtests in 64 bits. Yes, TradingView is free when you are using it with a compatible broker.

Social Networking and Customizable Plans

  1. It is used by millions of traders and adored by technical analysis enthusiasts for its powerful charting capabilities.
  2. Use this to save your current chart – so all the indicators, lines, drawings, tools, etc.
  3. Live streams for educational and informational purposes, trade ideas with potential trades, educational ideas and custom scripts are just a few of the community benefits.
  4. As a powerful financial platform, it equips traders with an extensive range of exclusive TradingView tools and features designed to support market analysis and informed decision-making.

In this TradingView review, I’m going to cover why it’s the best, what you can do on it, what you can’t do on it, how much it costs, and how to get started with a 30-day free trial. Please get in touch if you need bulk terminals for your company. You can cancel your subscription anytime and it will not auto-renew after the current paid term. Paid service will remain active for the duration of the paid term. They are encrypted and passed to Braintree (owned by PayPal) through their API that we use to process all payments. This API allows us to create a protected link to the payment method when you purchase anything on our website.

What is TradingView? The Leading Trading Charts Platform

Saxo also offers its own highly rated proprietary platform suite that earned the broker our 2024 Annual Award for #1 Platforms & Tools. However, the free version of TradingView comes with a number of limitations (only 1 chart per tab, only 3 indicators per chart, no custom time intervals, etc.) and is not ad-free. If you’re a trader (and not an investor bdswiss review looking for basic entry/exit points), I would highly recommend the 30-day free trial of Pro+. These paid plans will give you access to more indicators, multiple charts, custom time intervals, advanced chart types, and more – all the bells and whistles. TradingView is free to use in the Basic Plan, which includes access to all basic functionalities.

Our users are our investors

The heatmap can also visualize the biggest up- and down gappers, most volatile stocks, relative volume ratios and more. The stock heatmap and crypto heatmap are helpful features to visualize the biggest gainers and decliners. For example, you can show a heatmap for a time interval like performance in the past 4 hours. The screeners work on the 1m, 5m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, and 1m time frames. In addition, it is possible to filter the results and add alerts.

TradingView’s Community gives you direct exposure to learn every facet of effective trading from some of the world’s best traders. While long-term, fundamental investors may want to do some basic charting for entry/exit points (which they can do with the free version of TradingView), they’re not who TradingView is built for. In total 16 North-American, 31 European, 9 Middle East/African, 34 Asia/Pacific and 9 Mexico/South American exchanges are available. Keep in mind that the mentioned subscription costs are based on retail pricing.

Trading alerts were never this powerful, flexible and easy to use. Cloud-based, they are available on any device and can be powered by Pine Script®. Whether you’d like to simply look up the latest stock price, or analyze price patterns with lengthy scripts — we got you covered.

The platform’s extensive market coverage makes it a valuable resource for various types of traders, including those involved in stocks, forex, commodities, and other asset classes. The best way to paper trade (practice trading without risking real money) on TradingView is to open a free demo account with a compatible broker that offers the TradingView platform. Once your demo account is set up, you can either log in to the broker’s version of the TradingView platform or connect to your broker directly through TradingView’s Trading Panel tab.

So when you first open a chart, head over to the Pair Selector (GBP/USD in the image) to switch to your favoured pair. The top bar menu contains 18 different options, all of which I’ve labelled above. The middle of the chart, where you can see the price of the currency, is called the chart area. Unlock insight into all major markets, and stay up-to-date on latest economic trends.

In addition, users can switch between a light and dark mode for visualization and utilize powerful drawing tools. The platform is celebrated for its intuitive interface, making it accessible to both beginners and seasoned traders alike. Users can customize charts, apply technical analysis tools, and utilize a vast array of indicators to analyze market trends and potential trading opportunities. With its intuitive interface and powerful charting tools, TradingView offers an accessible way to analyze and trade various markets, from stocks and forex to cryptocurrencies and commodities.

For just $17.95/month (when billed annually), TradingView Pro+ is the best charting subscription in 2024. Here are a few of TradingView’s key features – if you’re interested in everything it has to offer, head to their website for more details. I’ve been a regular day trader for the last 6 years and am also a huge fan of finance software (hence my role at WallStreetZen).

Leave a Comment