Is TradingView good for day trading?
Plus, it's extremely affordable. And it's a great solution for just about every other trader too, from total newbies to professional traders. If you're still wondering, “Is TradingView good for day trading?”, here's your answer: Yes it is.
TradingView is a popular platform among traders due to its extensive charting capabilities and a wide range of technical analysis tools. It provides traders with access to various indicators, drawing tools, and chart patterns that can aid in identifying potential trade setups.
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.
We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for professional (commercial) users.
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.
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.
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.
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.
Earn with TradingView
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It allows traders to chart, add indicators, and analyze real-time market data to accurately predict stock price movements and profit from short-term price changes. TradingView was primarily built for stocks and ETFs, but has recently added coverage for cryptocurrencies.
Why do traders use TradingView?
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.
Free, until you're ready. Look first at how all the markets are performing. Then leap into them on the platform used by 60 million traders.
Everything is essentially the same as if you were trading with real money, except you can practice your hand at trading without any of the risk. Our system tracks your orders and you can see how much Profit or Loss (PnL) you have on your account.
To be more well-rounded in your approach, it helps to have a watchlist, alerts, leaderboards, news, indexed ideas, and even social forums to bounce your ideas off other traders. TradingView provides all of the above and more to help you day trade from a wider perspective and a broader context of ideas.
In order to have the ability to execute trades on TradingView, you must have a paid version of the platform and a funded futures trading account with Optimus Futures.
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.
Both TradingView and Investing.com provide real-time market data, including stock prices, indices, currencies, and commodities. However, Investing.com excels in delivering comprehensive financial news and analysis from various reputable sources.
Understanding TradingView's Free Plan
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.
That said, if you are only using TradingView to conduct technical analysis, use charts, and/or discover trading ideas from the TradingView community, then you won't necessarily need the platform to be connected to a broker.
Overall, both TradingView and MetaTrader are excellent platforms, and the choice between the two will ultimately depend on the trader's needs and preferences. Traders should consider factors such as their trading style, level of experience, and preferred trading instruments when choosing a platform.
What is the best paid indicator on TradingView?
- Relative Strength Index.
- FBI Retracements.
- Bollinger Bands.
- Volume Indicators.
- Volatility Index Indicator.
- Supertrend Indicator.
- Oscillators& Swings.
- Stochastic Momentum.
TradingView – Best Day Trading Platform Overall. StockCharts – Best for Long-Term Traders. thinkorswim – Best Free Platform/Best for TD Ameritrade Users.
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.
No, TradingView does not require any minimum account balance or deposit to use its platform. The only costs are the optional paid subscription plans. You can use all of TradingView's powerful charting, analysis and community features for free with no balance requirements.
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. - Sign up to TradingView.
