Is it good to trade with TradingView? (2024)

Is it good to trade with TradingView?

TradingView is known for its charting tools, technical analysis capabilities, and flexibility across devices. But is it suitable for day trading? The short answer is yes. Its chart types, drawing tools, and watchlist functionalities have made it a favorite among day traders.

Is TradingView good for trading?

TradingView is the best charting platform on the market. It's fast, powerful, reliable, and extremely easy to use. That's why it's used by more than 50 million traders worldwide. If you're an active trader and are serious about your trading, you should try TradingView Essential or Plus.

Do professional traders use TradingView?

Professional traders visit forums like TradingView. They use these online spaces to talk about trading strategies, share ideas, and learn from others. On these platforms, traders of all levels, including experts, come together to chat and learn.

Can you actually trade on TradingView?

On TradingView you can trade CFDs, forex, stocks and Crypto FX. Click on the relevant icon below to see full pricing information and trading conditions.

Can you make money using TradingView?

Earn with TradingView

Become an affiliate partner and make cash by promoting a product your followers will love. The biggest website in the world when it comes to all things investing.

Why do traders use TradingView?

TradingView provides up-to-the-minute market data, ensuring traders can access the most current information, including price quotes, volume, and indicators.

Which is better investing or TradingView?

In conclusion, both TradingView and Investing.com have their own strengths and weaknesses. TradingView is particularly favored for its powerful charting capabilities, customization options, active social trading community, and various subscription plans catering to different needs.

What are the disadvantages of TradingView?

You'll Need To Have 2 Platforms At All Times

TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.

Is TradingView good for day trade?

Day trading on TradingView can be rewarding if approached with the right strategies and mindset. Always prioritize risk management, stay disciplined, and continuously adapt your approach to evolving market conditions.

What broker should I use with TradingView?

Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported. For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview. There is also integration for leading crypto exchanges like Coinbase, Binance and FTX.

Is TradingView better than thinkorswim?

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

Is TradingView good for beginners?

TradingView is perhaps the best platform today to get started in the world of trading. Although TradingView can be used by both beginners and more experienced traders, its intuitive interface and numerous tools make it especially useful for those who are just starting in the trading world.

How many traders use TradingView?

We're TradingView, a charting platform and social network used by 60M+ traders and investors worldwide to spot opportunities across global markets.

Do you need a broker to trade on TradingView?

Do I need a broker for TradingView? Yes, you'll need a broker that supports TradingView integration if you want the ability to execute trades, track your orders, and/or manage your positions from within the TradingView platform.

Why is TradingView so popular?

As you've learnt, traders choose TradingView for its powerful charting capabilities, vast array of analysis tools, and the ability to connect with a vibrant trading community. It provides them with the necessary resources and insights to make informed trading decisions.

What is risk in TradingView?

The risk to reward ration is exactly as the word says : The amount you risk for the amount you could potentially gain. NOTE that your risk is indefinite, but your gains are not guaranteed. The risk/reward ratio measures the difference between the entry point to a stop-loss and a sell or take-profit point.

What is the minimum deposit for TradingView?

Which account is best for you?
Raw AccountTradingView Account
Minimum Deposit:$100$100
Min. / Max. Trade Size0.01 lots / 100 lots0.01 lots / 100 lots
Margin Call Level80%80%
Stop Out Level50%50%
5 more rows

What is average trade in TradingView?

The sum of money gained or lost by the average trade generated by a strategy. Calculated by dividing the Net Profit by the overall number of closed trades.

What do most day traders trade on?

Some of the more commonly day-traded financial instruments are stocks, options, currency (including cryptocurrency), contracts for difference, and futures contracts such as stock market index futures, interest rate futures, currency futures and commodity futures.

Should I trade on TradingView or MT4?

Conclusion: Embracing the Right Trading Platform

MT4 is a reliable and user-friendly platform for beginners and experienced traders, while TradingView is a powerful tool for technical analysis and social trading enthusiasts.

What is the most powerful indicator in TradingView?

The 3 Best TradingView Indicators to Improve Your Trading
  • 1- ARMAGEDDON 2 by Bullish way team. This indicator shows you the floor and ceiling of the market accurately. ...
  • 2-Ichimoku Clouds. ...
  • 3-Auto Fib Retracement.
Nov 22, 2023

How much should I pay for TradingView?

Free - Limited features but provides core charting and analysis tools. Pro - $14.95/month or $155.40/year. Upgrade for more indicators, alerts and customization. Pro+ - $29.95/month or $299.40/year.

How much does it cost to use TradingView?

TradingView prices are structured with four subscription plans: Free, Essential, Plus, and Premium. If you pay monthly, the prices range from $14.95 to $59.95 per month. You can also pay annually for a discount and get TradingView as low as $12.95 per month.

What is the best day trading platform?

Our five best day trading platforms for April 2024
  • Low fees: Robinhood.
  • Stocks and options traders: E*TRADE.
  • Options and futures investors: Tastytrade.
  • Mobile investing: Webull.
  • Active brokers: Interactive Brokers.
Mar 26, 2024

Which broker gives TradingView free?

In fact, Dhan is the only broker in India that allows you to place orders from the Trading Panel on TradingView. Follows the steps below to get started: - Open a Dhan Demat Account.

References

You might also like
Popular posts
Latest Posts
Article information

Author: Chrissy Homenick

Last Updated: 24/06/2024

Views: 6037

Rating: 4.3 / 5 (54 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Chrissy Homenick

Birthday: 2001-10-22

Address: 611 Kuhn Oval, Feltonbury, NY 02783-3818

Phone: +96619177651654

Job: Mining Representative

Hobby: amateur radio, Sculling, Knife making, Gardening, Watching movies, Gunsmithing, Video gaming

Introduction: My name is Chrissy Homenick, I am a tender, funny, determined, tender, glorious, fancy, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.