Is it good to trade through TradingView? (2024)

Is it good to trade through 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.

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.

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 trading platform is better than TradingView?

TrendSpider offers an advanced, ad-free experience that stands out from TradingView and other competing products.

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 is the best trading platform?

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.

Do I need a broker to use 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.

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.

Is stock charts better than TradingView?

Final Verdict: Which Platform is Better for You? For most active traders and technical analysts, TradingView is the better overall platform with its robust charting capabilities, trading integrations, market coverage, data quality, alerts and mobile apps.

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.

Which country owns TradingView?

TradingView was founded in 2011 by Konstantin Ivanov (CTO), Denis Globa (CEO) and Stan Bokov (COO). TradingView is headquartered in New York and has its European market headquarters in London.

Why is TradingView so popular?

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.

Who is TradingView's biggest competitor?

Should I trade on TradingView or MetaTrader?

MetaTrader also offers a range of charting tools, but some traders may find the interface to be less intuitive than TradingView. Another area where TradingView excels is in its social features. Traders can share their charts and analysis with other users, as well as follow other traders to get insights and ideas.

Is it better to trade on MT4 or TradingView?

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 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 app do most traders use?

Most online brokerages and trading apps offer stocks as an investment option. Depending on your level of expertise, personal preferences, and investment goals, the best trading apps for stocks can vary. Some of the best stock trading apps for beginners include Robinhood, SoFi, Fidelity, and Charles Schwab.

Which trading is most profitable?

The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.

How much money do day traders with $10000 accounts make per day on average?

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].