Is TradingView worth it for forex? (2024)

Is TradingView worth it for forex?

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.

Is TradingView good for forex?

TradingView offers a range of features that make it a powerful tool for traders. Some of its key features include: Real-time data: TradingView provides real-time data for stocks, forex, and other financial instruments, allowing traders to stay up-to-date with the latest market trends.

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 chart forex on TradingView?

Who is the charting provider for FOREX.com platforms? Renowned industry favorite, TradingView, provides intuitive advanced charts for the FOREX.com suite of platforms including web and mobile.

Is paying for TradingView worth it?

You'll be at a serious disadvantage without these tools, which is something I'm all too familiar with. I'll spare you the painful details, but I would have saved a lot of time, frustration, and money if I'd found TradingView sooner. If you're wondering whether paying for TradingView is worth it, my answer is 100% yes.

Should I use 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.

Why do people use MT4 instead of TradingView?

If you are a forex or CFD trader who wants a powerful platform with a wide range of features and customization options, then MT4 is a good choice. If you are a trader who wants a platform that is easy to use and has a wide range of markets and instruments available, then TradingView is a good choice.

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.

Which forex broker uses TradingView?

Overview of the best brokers for TradingView
BrokerStock fee classForex fee class
OandaLow
Forex.comLow
Optimus Futures
Alpaca TradingLow
6 more rows

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.

How profitable is forex trading?

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

Can I use MetaTrader with TradingView?

Using MetaTrader in conjunction with TradingView allows you to automate your trading. This article will explain how they work and how automation benefits them.

Can I connect my exchange to TradingView?

- Log into your TradingView account and navigate to the "Account" section. - Click on the "Exchanges" tab and find your exchange in the list. - Click on the "Connect" button next to the exchange name. - Follow the instructions to log in to your exchange account and authorize TradingView to access your account.

Can you make real money on 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. We are global and support 20 languages worldwide. We've paid out over $10 million to our partners and that's growing.

Do I need a broker for 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.

How trustworthy is TradingView?

TradingView is very popular and trustworthy. It is avaiable via your web browser, desktop app and mobile app. It offers a free product and a premium paid product. It provides a wide range of tools and assets for charting, has news, contributors, trade ideas, screeners and more.

Is MetaTrader better than TradingView?

Reviewers felt that TradingView meets the needs of their business better than MetaTrader 5. When comparing quality of ongoing product support, reviewers felt that TradingView is the preferred option. For feature updates and roadmaps, our reviewers preferred the direction of TradingView over MetaTrader 5.

Is there something better than TradingView?

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

Which platform is better than TradingView?

Koyfin is the TradingView alternative. Koyfin's powerful financial analysis tools, customizable charts, and flexible pricing options make it a top choice for investors seeking an alternative to TradingView.

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.

How much is TradingView per month?

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.

What is the best trading platform?

Summary: Best Online Brokerage
CompanyForbes Advisor RatingBEST FOR
Interactive Brokers4.4Best Online Broker For Traders
TD Ameritrade4.4Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments4.4Best Online Broker For Everyday Investors
Charles Schwab4.3Best Online Broker For Customer Service
1 more row
Apr 1, 2024

What is the minimum deposit to trade on 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

Is TradingView good for day trading?

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 a MT4?

MetaTrader 4 is a trading platform that also enables traders to conduct an extensive technical analysis using the platform. While TradingView is mainly built for charting. TradingView doesn't offer order placement. When comparing MT4 to TradingView, the focus is on charting tools.

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