In our review of TradingView, we’ll explore the platform’s pros and cons, along with its features, to help you understand how it can enhance your stock charting skills.
If you want to learn the ropes of professional charting, a reliable stock screener is essential. This review focuses on TradingView, a top-notch stock charting platform that I frequently use alongside Stocktwits to gather fresh investment ideas. After publishing my book on dividend investing, I realized the importance of offering quality resources that I use to achieve investment success. If you’re investing significant amounts, it’s wise to invest in premium tools that can help secure profits. Personally, the ideal toolbox for investing success includes TradingView, combined with GuruFocus, Motley Fool Stock Advisor, and FINVIZ.
So, what exactly does TradingView offer? TradingView is a web-based financial visualization platform for screening and filtering stocks with ease. Established in September 2011 by Stan Bokov and a team of traders and developers, the platform functions as both a charting suite and a trading-focused social network. It’s a valuable tool for investors wanting to narrow down vast numbers of stocks to those meeting specific criteria, like volume, PE ratios, and market cap.
Let’s take a look at some key features of TradingView:
– **HTML5 Charts**: TradingView provides a variety of charting tools for investors at any level. Whether checking recent stock prices or analyzing price trends, its HTML5 tools let you compare charts, use indicators, and more.
– **User-Friendly Interface**: The platform is intuitive and easy to navigate, making searches quick and straightforward. Users can filter by different categories such as trading ideas, scripts, or educational content.
– **Paper Trading Simulator**: This feature is perfect for beginners to practice trading with virtual money in a simulated environment, testing strategies with various assets like stocks and cryptocurrencies.
– **Server-Side Alerts**: Traders can set customizable alerts to stay informed about market conditions that meet their criteria, receiving notifications directly on their devices.
– **Stock Screener**: Customize filters to match your predefined metrics and screen stocks effectively, either directly from the chart interface or on a separate page.
– **Customized Technical Analysis**: With built-in studies and Pine programming language, TradingView enables traders to conduct extensive market analysis and create custom indicators and strategies.
– **Trading Features**: The platform equips investors with comprehensive tools for practicing and succeeding in trading.
– **Wide Market Data Access**: Users can connect to data for various financial markets and assets, streamed from over 50 international exchanges.
Additionally, TradingView offers extra tools like hotlists, watchlists, and real-time news.
Now let’s talk about the pricing structure. TradingView gives a 30-day free trial and offers different subscription plans tailored to various trading styles. The basic memberships are PRO at $9.95 monthly billed every two years, PRO+ at $19.95 monthly, and PREMIUM at $39.95 billed every two years.
As with any service, there are pros and cons to TradingView. On the plus side, it has an intuitive interface, operates as a community for exchanging ideas, and provides extensive educational resources. It also allows traders to practice with paper trading, making it an affordable option. However, TradingView’s limitation is that it’s best integrated with specific brokers for trading, and it doesn’t offer level 2 market data, which some day traders might find essential.
In conclusion, TradingView stands out as a premier stock charting platform. It gives investors a chance to spot value in the market and make informed investments. I encourage you to explore TradingView and let us know your thoughts. Engaging in such platforms can significantly enhance your investing experience and strategy.
For more reviews and insights on investment tools, consider looking into Motley Fool Stock Advisor or understanding how to utilize resources like FINVIZ stock screener for optimal results.