Is TradingView better than Thinkorswim?
In my opinion, nothing is better than TradingView for active day and swing traders who want a fast, reliable, and intuitive charting platform. My favorite alternative is TD Ameritrade's thinkorswim platform, but only because it's completely free (for people with Ameritrade brokerage accounts).
TradingView – Best Day Trading Platform Overall. StockCharts – Best for Long-Term Traders. thinkorswim – Best Free Platform/Best for TD Ameritrade Users.
The best overall TradingView alternative is eToro. Other similar apps like TradingView are MetaTrader 5, Binance Broker, E*Trade Web Platform, and Kite. TradingView alternatives can be found in Financial Analytics Software but may also be in Brokerage Trading Platforms or Investor Relationship Management Software.
We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for professional (commercial) users.
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.
TradingView is primarily used for financial market analysis, offering advanced charting tools, technical indicators, and social networking features to help traders and investors make informed decisions across various asset classes such as stocks, forex, commodities, and more.
For active traders, TradingView premium can certainly be worth it. The key premium features like advanced alerts, more indicators, backtesting, enhanced analytics, and screeners give you an information edge in analyzing the markets and executing trades.
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- Saxo - Best web-based trading platform.
- Interactive Brokers - Great overall, best for professionals.
- FOREX.com - Excellent all-round offering.
- City Index - Excellent all-round offering.
- FXCM - Excellent trading platforms and tools.
- Best TradingView Indicators: Volume Profile HD. The Volume Profile HD indicator is a critical tool for visualizing trading activity in the futures market. ...
- Best TradingView Indicators: Supertrend Indicator. ...
- Best TradingView Indicators: RSI. ...
- Best TradingView Indicators: Bollinger Bands.
What are the disadvantages of TradingView?
2. 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.
How to Execute Trades on TradingView Charts. You can also place Limit or Stop orders directly from your charts. To do this, click on the price level on your chart where you want to execute your order. Next, choose either Limit or Stop.
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.
- Best Overall: Charles Schwab.
- Best Broker for Investor Education: Charles Schwab.
- Best Broker for Customer Service: Charles Schwab.
- Best Broker for Ease of Trading Experience: E*TRADE.
- Best Broker for Research: Merrill Edge.
- Best for Young Investors: Fidelity.
The best reason to start using TradingView is to learn more about technical analysis. It is a free practice environment that provides essential tools that can be exceptionally useful in your investment activities.
TrendSpider offers an advanced, ad-free experience that stands out from TradingView and other competing products. It's not just about charts and alerts; it's about equipping you with powerful tools that are often reserved for the big players - and out of reach for most retail investors.
TradingView provides real-time data, ensuring that charts display the latest market information. The chart will update automatically with new price movements and data as they occur in the market.
Overview of TradingView Plans
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.
TradingView is not a broker so they don't charge you any commission, but there might be a extra fee for the broker to connect to TV and this is probably just added to your commission.
TradingView's Basic plan, which is free, offers all the essential features like charting, various market data, and access to numerous indicators. The free plan also includes paper trading capabilities, allowing futures traders to test strategies without financial risk.
How good are TradingView technicals?
According to Google, the Technical Rating indicator in TradingView is one of the best signal indicators for identifying potential entry and exit points on trades using 11 different technical indicators.
The best free stock charts are on TradingView. Other free charting websites include StockCharts.com, FINVIZ, Stock Rover and Yahoo Finance. Traders can also open an account at many U.S. brokers for free and chart stocks, even with a zero balance.
You can get TradingView pro features for free if you sign up in Fyers broker. The Fyers trading panel is almost the copy-paste of the TradingView with all the premium features. If you are in Forex, you can sign up on FXCM and ask them for the premium features. There you will get 1-year premium for free.
Why choose Koyfin over TradingView. TradingView is great for technical analysis but lacks the data and analytics needed for fundamental analysis. Koyfin provides essential tools like historical Financial Analysis, Wall Street estimates, company filings and transcript search.
TradingView offers a powerful platform that allows you to seamlessly trade derivative instruments such as futures directly from charts. If you're an options trader, keep reading to learn how you can trade your derivative of choice from charts.
