Has it ever happened to you that the trading strategy you create works excellently at first and you start encountering losing trades?
There is literally no way to testify and determine a strategy’s performance unless tried and tested on your chart.
Quantifying the risk involved with your trading strategy is the core fundamental of the Backtesting method. Rather than using some random tricks to calculate the effectiveness of your trading strategies, this article provides a step-by-step guide on how to backtest them.
What Is Backtesting?
Backtesting refers to the process of using historical data and implementing your trading strategies on them in order to identify the effectiveness of its performance.
Backtesting is one of the most important features in the trader’s toolbox which makes it even remotely possible for you to assess the accuracy of the strategy on all the available past data for the preferred symbol.
It is crucial to test the waters before actually getting into a real trading environment and ending up causing a mess of your financial conditions and trading goals.
Backtesting can be done either manually or automatically. In the manual procedure, investors or testers find out the probability of the success of the strategy whereas, in the automatic process, specialized software does the job for you.
There are quite a number of platforms through which you can backtest your strategy, some paid and some free. One of the software platforms you can receive reliable results from is TradingView.
How To Backtest The Trading Strategy On TradingView?
TradingView not only allows you to test out your entire trading strategy in a bunch of trading situations but also grants you the permission to check out individual parts of a new strategy setup as well as candlestick formations. Follow the steps given below in order to backtest your trading strategies on TradingView.
1. Gather Data From a Wide Array Of Charts
The very first step of backtesting requires some kind of historic data which can range from a time frame between being from a few weeks ago or years.
If you are testing a supposedly short-term strategy on small time frames, use the trading data gathered from at least a couple of weeks ago. On other hand, if you are using higher time frames then use data from a recent few years.
2. Set Up The Parameters And Manage Risks
Next up you are required to define or set up parameters for your strategies such as exit conditions, and entry conditions as well as manage the amount you are willing to risk.
Try imposing as many conditions as possible in the form of “If X happens then execute Y”. This step also incorporates risk management and therefore you have to decide whether you are risking the same percentage on every trade and what specifically is this amount.
It is to be noted that all of the parameters are being used as basic rules for measuring and testing your strategies. These said parameters can be redefined at any given point to figure out which are more profitable than the other.
3. Use TradingView’s Rewind Tool
The platform offers a dedicated rewind tool that can be used to go back in time so that you can delete the predictive nature of where the deliberated chart is heading. This allows you the ability to look back at the trades no matter however far you wish, it can be years, months, or weeks in the past.
4. Analyze The Price Charts
Next up, you can monitor the price charts for entry as well as exit signals. Backtesting through all of the data takes time, more than just a session so be patient.
You can continue to deeply analyze the signals until and unless all of the trades up to the current time have been written or marked up on the chart.
5. Tally And Measure The Profits
After the whole process is finished you can start summing and totaling up all of your trade results in order to determine the profitability ratio of your chosen trading strategy over the period of time.
Backtesting has its own set of advantages and disadvantages and some of which are as follows.
Pros Of Backtesting
1. Backtesting your trading strategies does not involve real threats or repercussions of that live trading situation.
2. It helps traders get through knowledge and understanding of the market while researching and testing out strategies designed for real trading markets.
3. The backtesting provides a sense of direction to investors related to important investment decisions such as when and which assets to buy or sell.
4. Supported and accessible from a web-based platform you can test various trading commodities such as Bonds, Cryptocurrencies, Forex, etc.
Cons Of Backtesting
1. Testing strategies on small sample sizes of trading data or not testing enough and through can dramatically affect the performance as well as the results associated with the strategies during live trading.
Do you ever feel like you\’re missing out on good chances to make money in the stock market?
Imagine having a tool that not only tells you when to buy or sell but also helps you understand the market better.
Welcome to TradingView—a platform where you can keep an eye on your investments, check out different financial markets, and meet other traders.
Whether you\’re just starting or you\’ve been trading for a while, TradingView has everything you need to make smarter decisions and catch those big opportunities.
Don’t miss out; see how TradingView can change the way you trade!
🚀 Ready to Trade for Free?
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Free, until you\’re ready! Start by checking out how all the markets are performing. Then, dive into the action on the platform trusted by 90 million traders.
TradingView combines elements of social networking with stock trading. Users can share their trading strategies, charts, and insights with other community members, fostering a collaborative environment that’s unique among trading platforms.
📍 Pine Script
This is TradingView’s built-in scripting language that allows users to create their own custom trading indicators and strategies. Pine Script is relatively easy to learn and enables traders to tailor their tools to their specific trading needs.
📍 Multi-Timeframe Analysis
TradingView allows users to view multiple timeframes on a single chart simultaneously. This feature is especially useful for traders who want to see long-term trends alongside short-term price actions.
📍 Paper Trading
TradingView features a paper trading simulator, allowing users to practice trading with virtual funds. This feature is perfect for beginners looking to learn without financial risk or for experienced traders testing strategies in a risk-free environment.
📍 Advanced Charting Tools
The platform provides an extensive array of charting tools and technical indicators which are highly customizable, providing traders with the flexibility to configure the charts exactly how they want.
📍 Trading Directly From Charts
Users can execute trades directly from charts without having to navigate away to a separate trading screen. This feature integrates with multiple brokerage platforms and enhances trading efficiency.
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📍 Playground Environment
TradingView includes a feature called the \”strategy tester,\” a kind of playground where traders can back-test strategies using historical data to see how they would have performed.
📍 Public and Private Indicators and Strategies
Users can share their own custom indicators and strategies with the community or keep them private for personal use, adding an element of customization and learning from others.
📍 Heatmaps
TradingView offers market heatmaps, which provide a visual representation of market performance across various sectors and asset classes. These heatmaps help traders quickly identify trends, outliers, and opportunities in the market.
💸 Which Subscription Plan Best Fits Your Needs? Detailed Comparison
The Basic Plan is ideal for beginners exploring charting tools, while the Essential Plan suits casual traders needing basic features. The Plus Plan works for intermediate traders seeking enhanced analysis tools.
Advanced traders and professionals will benefit most from the Premium Plan for in-depth analysis and flexibility. For experts managing complex strategies, the Expert Plan offers unmatched customization, while the Ultimate Plan is perfect for institutional traders requiring extensive features and support.
Recommendation: If you\’re starting out, the Plus Plan balances cost and functionality well. For serious traders, the Expert Plan provides robust tools.
Institutional or heavy users should consider the Ultimate Plan for its unparalleled capabilities. Choose based on your trading needs and goals!
Stuck choosing between TradingView and TrendSpider?🤔 You\\\’re not alone. The trading world is buzzing with questions about which platform reigns supreme.
Whether you\\\’re a seasoned trader or just starting out, the decision can be daunting. But worry not! We\\\’re here to guide you through the maze.
In this blog, we\\\’ll pit TradingView against TrendSpider, comparing their features, ease of use, and unique offerings.
By the end, you\\\’ll have a clear winner in mind for your trading needs. Let\\\’s dive into the world of charts and patterns and find your perfect trading partner!💥
TradingView vs TrendSpider: A Tale of Two Titans in the Trading Arena
💹 TradingView
TradingView is a comprehensive, web-based charting and analysis platform used by traders and investors to track and analyze financial markets. It offers a range of tools including interactive charts, a wide array of technical indicators, and drawing tools for conducting technical analysis on various markets like stocks, forex, cryptocurrencies, and more.
Additionally, TradingView is known for its social network features, allowing users to share ideas, strategies, and insights with a community of traders. It caters to users of all levels, from beginners to advanced traders, with an intuitive interface and customizable charts.
🕸️ TrendSpider
TrendSpider is a sophisticated trading platform tailored for experienced traders, emphasizing automated technical analysis and chart pattern recognition. It streamlines chart analysis by automatically identifying trends, patterns, and Fibonacci levels, greatly aiding in efficient market evaluation.
TrendSpider offers a robust set of features including customizable indicators, smart charts, real-time data scanning, and a powerful backtesting engine, all designed to help traders spot opportunities and validate strategies quickly. Primarily, TrendSpider suits traders who prefer a high level of automation and detailed analysis in their trading workflow.
User Interface and Experience
User-Friendly: TradingView is celebrated for its straightforward and easy-to-navigate interface. This makes it ideal for beginners or those who prefer a clean, uncluttered trading environment. The platform allows users to access its tools and features with minimal learning curve.
Customization: Users can personalize their charts and workspaces to fit their trading style. This includes changing layouts, colors, and the types of charts and indicators displayed.
Complex Interface: TrendSpider offers a more advanced interface that caters to seasoned traders. This complexity can be overwhelming for beginners but provides in-depth analysis tools for experienced traders.
Advanced Customization: It offers greater depth in customization, particularly beneficial for technical traders who rely on specific chart setups and indicators.
📌 Charting and Technical Analysis Tools
TradingView offers a wide range of chart types and an extensive library of technical indicators, catering to both novice and experienced traders.
Its interface is intuitive, making it easy to employ advanced drawing tools and conduct comprehensive technical analysis.
Conversely, TrendSpider specializes in automated chart pattern recognition, identifying over 200 patterns, which is a boon for technical traders. It provides unique tools like dynamic price alerts and heatmaps, tailored for in-depth technical strategies.
While both platforms excel in charting, TrendSpider is more focused on automation and advanced technical functionalities, appealing to traders who prioritize detailed analytical capabilities.
📌 Screening and Backtesting
📍 Nature of Screening Tools
TradingView offers screening tools that integrate both technical and fundamental analysis. This broad approach allows traders to filter stocks or other assets based on a wide range of criteria, including financial metrics, making it versatile for different trading strategies.
TrendSpider, in contrast, focuses more on technical screening. Its tools allow traders to combine various technical indicators and patterns for a more targeted approach, particularly useful for those who prioritize technical analysis in their trading decisions.
📍 Backtesting Functionality
TradingView requires users to utilize Pine Script, its proprietary scripting language, for backtesting. This approach offers robust and flexible backtesting options but requires a basic understanding of programming, which might be a barrier for some users.
TrendSpider offers a no-code backtesting environment. Traders can test their strategies using logical conditions without the need to write any code. This feature is particularly attractive for traders who lack coding skills or prefer a more straightforward approach to strategy testing.
📍 Integration of Screening and Backtesting
TradingView, screening and backtesting functions are distinct but complement each other. Users can use the screening tools to identify potential trading opportunities and then apply backtesting to test strategies on historical data.
TrendSpider integrates its screening and backtesting more closely. Its advanced screening capabilities are directly linked to backtesting, allowing traders to efficiently filter opportunities and immediately test them, which streamlines the entire process of strategy development and validation.
📌 Community and Learning Resources
TradingView takes a significant lead over TrendSpider. TradingView boasts a vibrant, active social community where users can share and discuss trade ideas, and strategies, and gain insights from fellow traders.
This is complemented by a rich repository of educational content, including tutorials and articles, making it a valuable resource for continuous learning and skill enhancement, especially for beginners.
On the other hand, TrendSpider, while offering a specialized Discord server for community interaction, lacks an integrated social platform within its system.
Its educational resources are more focused on maximizing the platform\\\’s technical capabilities, rather than providing a broad spectrum of learning materials.
This makes TradingView more appealing to those who value community engagement and a diverse range of learning tools as part of their trading experience.
💸 Pricing and Subscription Models
Feature/Plan
TradingView Essential
TradingView Plus
TradingView Premium
TrendSpider Essential
TrendSpider Elite
TrendSpider Elite Plus
Monthly Price
$12.95
$24.95
$49.95
$39
$79
$179
Annual Price (Monthly)
$32
$65
$135
$32
$65
$135
Annual Total
$384
$780
$1,620
$384
$780
$1,620
Free Trial
30 days
30 days
30 days
7 days
7 days
7 days
Discount for Annual Plan
18%
25%
25%
18%
25%
Significant discount
Number of Charts/Layout
2
4
8
2
4
8
Indicators per Chart
5
10
25
–
–
–
Historical Bars
10K
10K
20K
–
–
–
Price Alerts
20
100
400
25
100
300
Technical Alerts
20
100
400
–
–
–
Additional Features
Basic features
Enhanced features
Advanced features
Basic access
Full access
Full access plus extras
📍 Note:
➡️ The features listed for each plan are not exhaustive but highlight key differences.
➡️ The specific features and tools available in each plan can vary, and users should check the latest details on the respective websites.
➡️ TrendSpider\\\’s features such as \\\”Indicators per Chart\\\” and \\\”Historical Bars\\\” are not explicitly listed as they focus more on automated analysis and pattern recognition, which are integral to all their plans.
➡️ TradingView offers more tiered and flexible pricing options, while TrendSpider focuses on providing more advanced tools at a higher price point.
📌 Broker Integration and Market Coverage
📍 TradingView
Broker Integration: Allows direct trading from the platform with various brokers.
Global Market Coverage: Offers a broad range of international markets.
📍 TrendSpider
No Direct Broker Integration: Focuses more on analysis and strategy development rather than execution.
Market Coverage: Primarily covers U.S. markets, with some international data.
📌 Customization and Advanced Features
In terms of customization and advanced features, TradingView and TrendSpider cater to different levels of user expertise and needs.
TradingView strikes a balance between offering advanced features and maintaining user-friendliness. It allows the creation of custom indicators through Pine Script, a proprietary scripting language, which provides flexibility yet keeps the complexity manageable. This makes it suitable for a broad range of traders, from intermediate to advanced.
On the other hand, TrendSpider leans more towards highly advanced customization. It offers the ability to create custom indicators using JavaScript, a more versatile and widely-used programming language, catering to users who are comfortable with deeper technical analysis. This focus on complex tools and in-depth customization options makes TrendSpider more appealing to experienced traders who require detailed and sophisticated analysis tools.
🔥 Final Says: Which One Should You Choose?
Choosing between TradingView and TrendSpider ultimately depends on your specific trading needs and preferences.
📍 Experience Level
Beginners: TradingView is more user-friendly and suitable for those new to trading. Its intuitive interface and simpler tools make it easier for beginners to navigate and learn.
Experienced Traders: TrendSpider caters to those with more experience in trading, offering advanced features and complex tools that are beneficial for in-depth technical analysis.
📍 Analysis Preference
Technical Analysis & Pattern Recognition: TrendSpider excels in offering specialized tools for technical analysis, particularly in automated pattern recognition, making it ideal for traders who focus heavily on these aspects.
Versatile Analysis: TradingView provides a more balanced approach, supporting both technical and fundamental analysis. This versatility makes it suitable for traders who employ a combination of these methods.
📍 Community Interaction
TradingView has a robust community platform where traders can share ideas, learn from others, and access a wide range of shared content. This aspect makes it a great choice for those who value social learning and community engagement in their trading journey.
📍 Budget Considerations
TradingView offers a more flexible and tiered pricing structure, including a free version, making it accessible for traders with different budget constraints. This range allows traders to choose a plan that aligns with their financial capacity.
📍 Market Focus
International Markets: If your trading involves a global market focus, TradingView provides extensive coverage of international markets, making it a more suitable option.
U.S. Markets: TrendSpider, while offering some international data, is more focused on U.S. markets and is tailored towards traders primarily dealing in these markets.
In summary, your decision should be based on your level of trading experience, the type of analysis you prioritize, how much you value community interaction, your budget, and the markets you are interested in.
Both platforms have their strengths, and the best choice is the one that aligns most closely with your individual trading needs and goals.
TradingView has become an indispensable tool for traders around the world, and one of its most powerful 💪 features is the heatmap.
As someone who has been using TradingView for an extended period, I want to share my personal experiences and insights on how TradingView\\\’s heatmaps have transformed the way I approach the financial markets.💹
📌Chapter 1: The Early Days
I remember the days when I first stumbled upon TradingView. Back then, I was a novice trader, struggling to make sense of the ever-changing market dynamics.
TradingView\\\’s sleek interface and user-friendly design immediately caught my attention, but it was the heatmap that truly piqued my interest.
In the beginning, I used heatmaps primarily to monitor the market sentiment and identify potential trading opportunities.
The heatmap provided a visual representation of price movements, making it easier for me to spot trends, clusters of activity, and areas of interest. I quickly realized that this tool could be a game-changer in my trading journey.
⤴️Chapter 2: The Learning Curve
As with any new tool, there was a learning curve. I spent hours exploring the different features and customization options that TradingView\\\’s heatmaps had to offer. From adjusting the timeframes to selecting specific instruments, the possibilities were endless.
One key aspect I embraced was the ability to focus on specific asset classes, such as forex, stocks, or cryptocurrencies, depending on my trading preferences.
🪜Step-by-Step Guide: Mastering the Art of Market Analysis with TradingView\\\’s Heatmap
TradingView\\\’s heatmaps allowed me to tailor my trading experience, helping me stay ahead of the curve in the ever-evolving financial markets.
Step 1: Access TradingView
Create or Log In to Your Account: If you don\\\’t already have a TradingView account, you\\\’ll need to create one. Visit the TradingView website and sign up. If you already have an account, simply log in.
Step 2: Navigate to the Heatmap Section
Find the Heatmap Tool: Once logged in, navigate to the \\\’Markets\\\’ section on the top menu. Under this, you\\\’ll find a submenu where you can select \\\’Heatmap\\\’. Click on it to access the heatmap tool.
Step 3: Choose Your Market
Select the Market: TradingView offers heatmaps for various markets such as stocks, forex, cryptocurrencies, etc. Select the market you\\\’re interested in analyzing.
Step 4: Customize Your View
Adjust Time Frames and Settings: Depending on your trading strategy, select the appropriate time frame (e.g., daily, weekly, monthly). You can also customize other settings like the color scheme, what data the colors represent (e.g., price change, volume), and more.
Step 5: Apply Filters
Use Filters for Specific Analysis: If you\\\’re interested in a specific sector, market cap range, or other criteria, use the filters to tailor the heatmap to show only the relevant data. This step is crucial for focusing your analysis on the segments that align with your trading strategy.
Step 6: Analyze the Heatmap
Interpret the Colors and Patterns: Analyze the heatmap by looking at the color patterns. Typically, green represents positive movement, while red indicates negative movement. The intensity of the color often shows the strength of the movement. Hover over individual elements for detailed information.
Step 7: Dive Deeper into Individual Stocks or Sectors
Further Analysis: If a particular stock or sector catches your eye, click on it for more detailed information. This can include charts, news, fundamental data, etc., helping you make a more informed decision.
Step 8: Integrate with Other Tools
Combine with Other TradingView Tools: For a more comprehensive analysis, integrate the insights from the heatmap with other TradingView tools like charts, technical indicators, and fundamental analysis tools.
Step 9: Set Alerts and Monitor
Set Custom Alerts: Utilize TradingView’s alert system to get notified about significant changes in the stocks or sectors you are monitoring. This helps you stay updated without constantly watching the heatmap.
Step 10: Keep Learning and Adjusting
Continuously Learn: Explore TradingView’s educational resources and community discussions to learn more about using heatmaps effectively. Adjust your approach as you gain more experience and as market conditions change.
The color-coded heatmaps in TradingView were a revelation. Each color represented a different level of market activity, ranging from cool blue (low activity) to fiery red (high activity). This visual representation made it effortless to gauge the intensity of trading in real time.
I discovered that by keeping a close eye on the heatmaps, I could spot potential breakouts, reversals, and even hidden support and resistance levels. It was as if the market was speaking to me through colors, and I was becoming fluent in this unique language.
📌Advanced Features I Love in TradingView Heatmaps
TradingView heatmaps are not just visually appealing; they are packed with advanced features that cater to the diverse needs of traders. Here, I\\\’ll highlight four advanced features that I particularly love and find incredibly useful in my trading journey.
📍Real-Time Data Updates
One of the standout features of TradingView heatmaps is their real-time data update capability. In the fast-paced world of trading, having access to the most current information is crucial. The heatmap updates continuously, reflecting changes in the market instantaneously. This feature ensures that I\\\’m always making decisions based on the latest market movements, a critical aspect for day traders and those who rely on timing the market accurately.
📍Customizable Filters
The ability to customize filters in the heatmap is a game-changer. This feature allows me to tailor the data I see based on specific criteria like market capitalization, sector, industry, and more. For instance, if I want to focus on technology stocks or exclude small-cap stocks, I can easily set these filters. This level of customization helps in focusing my analysis on segments that align with my trading strategies, making the heatmap an incredibly flexible tool.
📍Detailed Tooltip Information
When hovering over a particular stock or sector in the heatmap, a tooltip pops up, providing detailed information. This feature includes data like the stock\\\’s current price, the percentage change, and volume traded. For a deeper analysis, some heatmaps also provide additional data like P/E ratio, market cap, and 52-week high/low. This on-the-fly detailed information is invaluable for making quick, informed decisions without needing to leave the heatmap interface.
📍Historical Data View
The ability to view historical data in the heatmap format is an excellent feature for conducting trend analysis and understanding historical market behaviors. I can look back at how specific stocks or sectors have performed over time, under different market conditions. This historical perspective is crucial for identifying patterns and trends that might not be apparent from just a current snapshot. It helps in developing a more comprehensive trading strategy that takes into account both historical and current market data.
⚠️Chapter 4: Customization and Alerts
TradingView\\\’s heatmaps allowed me to customize my experience even further. I could set up alerts based on specific heatmap criteria, ensuring I never missed a potentially lucrative trade.
Whether it was a sudden surge in activity or a divergence from the norm, I had the power to tailor my alerts to my trading strategy. The ability to overlay indicators on the heatmap was another game-changer.
It allowed me to combine technical analysis with market sentiment, providing a holistic view of the market. This feature significantly enhanced my decision-making process, leading to more confident and informed trades.
📌Chapter 5: Evolving with the Market
Embracing Continuous Improvement
As a long-term user of TradingView\\\’s heatmaps, I\\\’ve witnessed the platform\\\’s evolution, keeping pace with the changing landscape of the financial markets.
This chapter explores how the continual improvements and introduction of new features have enabled me to refine my trading strategies and adapt to shifting market conditions with greater ease.
📍Introduction of Advanced Market Indicators
Volume Profile: This feature added a new dimension to my market analysis. The volume profile shows the amount of trading activity at different price levels. It helped me identify key support and resistance areas, where significant buying or selling occurred.
Order Book Data: Integrating order book data into the heatmap provided a real-time view of buy and sell orders in the market. This insight into market depth was crucial for understanding potential price movements and making more informed entry or exit decisions.
📍Enhanced Customization and Filtering
Sector-Specific Heatmaps: As the market evolved, so did my need for more specific analysis. TradingView responded by enabling the creation of heatmaps focused on specific sectors. This allowed me to concentrate on sectors that align with my trading interests or the current economic cycle.
Custom Filter Options: The ability to create custom filters based on criteria like market cap, earnings, dividend yield, and more, helped me focus on stocks that meet my investment criteria, making the process more efficient and targeted.
📍Integration with Broader Market Analysis Tools
Connecting with Technical Analysis Tools: TradingView integrated heatmaps with other technical analysis tools on their platform, allowing me to correlate heatmap data with technical indicators for a more comprehensive analysis.
Linkage to News and Economic Data: The ability to view relevant news and economic data alongside the heatmap enriched my understanding of why certain sectors or stocks were performing in a particular way.
🔥Chapter 6: Conclusion
Today, after years of using TradingView\\\’s heatmaps, I can confidently say that they have been instrumental in my trading success. From a novice trader struggling to make sense of the markets, I have evolved into a confident and informed trader, thanks in large part to this incredible tool.
TradingView\\\’s heatmaps have not only made my trading journey more profitable but also more enjoyable. They have transformed the way I approach the markets, providing me with a unique perspective that sets me apart from the crowd.
If you\\\’re new to TradingView or have yet to explore its heatmap feature, I highly recommend trying it. It\\\’s a tool that can revolutionize your trading experience, just as it did for me. Embrace the power of colors, customization, and market insights, and embark on your journey to trading success with TradingView\\\’s heatmaps. Happy trading!
According to Charles Shwab, 15% of current retail investors started trading during the pandemic as per review (Source), and during this time the TradingView website got more than 550 million unique visitors, which is approximately 7% of the world’s population. In the last 18 months, TradingView reported a 237% increase in their site visitors and a 400% jump in their account memberships. This shows how popular the site is among traders and investors and surely it has a lot to offer. (Reference)
Expert Trader\’s Opinion About TradingView
From the web, we found some expert\’s opinions about TradingView.
What Matthew J. Slabosz Says?
About Matthew Slabosz: He is also known as Matt, A full-time retail trader & TradingView expert from Australia. He is sharing his knowledge on his YouTube channel named Zen & The Art of Trading, where he helps the trader with tools & develops the process of trading which enhances the trading results.
He has also published the podcast \\\”The Art of Trading\\\” on Amazon audible.
Matt specializes in TradingView coding language from which he develops the process of trading with his expertise.
The below interview was taken by the Global prime YouTube channel & the motive to take this interview was to share the right knowledge with the audience at no cost.
What does Pierce Crosby say?
On Pierce Crosby\\\’s LinkedIn Profile, He Shared that TradingView helps people understand data. Offering a revolutionary new approach to market intelligence, TradingView allows you to quickly connect with millions of people around the globe, gather information, and become a better investor.
What Makes TradingView So Popular?
TradingView is the most used charting platform which offers a lot of financial tools to screen, study and plan trades and investments for free and also has premium subscriptions for advanced features. While there are many other charting platforms & TradingView alternatives with similar features, they are way too complex and sophisticated for a newcomer to understand. But TradingView packs all the advanced features in the simplest interface. Also, the interface is very customizable which makes it very convenient for traders to customize in their way.
The popularity of TradingView is evident from the fact that almost all trading platforms use TradingView’s charts or give the users the option to switch to TradingView charts in-site. Still, most traders opt to use the entire interface of TradingView in a separate tab rather than using the broker’s platform.
TradingView is the best platform made for traders and investors because it caters to every need of all kinds of traders – Beginner to Advanced.
It is also backed by a strong community that contributes a lot to the platform as experts and professional traders provide their insights and ideas on the market positions, stocks, and ideas for the new traders trying to learn to trade. The platform knows the value of the community and thus gives them a lot of exposure so that it encourages more and more people to join the community.
Market Coverage
A major reason for TradingView being so popular is because it covers almost all markets from all major Cryptocurrencies to Forex markets and 52 stock exchanges from all over the world. This invites traders and investors from all fields and countries to TradingView’s extensive platform as they can avail all features irrespective of the market they are trading in. Whether you are trading on the Bombay Stock Exchange, New York Stock Exchange or you are a Forex or Crypto trader, TradingView is built perfectly to suit all your needs. This versatility is what makes it one of the most trusted sites across the globe. According to Built With Trends, TradingView currently has more than 78 thousand customer websites that use TradingView’s chart on their websites.
Features Review of TradingView
From Zerodha Kite to Charles Shwab to IG and Binance, all trading platforms provide their chart screeners. But what separates TradingView from them is the number of features it provides. The platform is extensively used just for the innumerable indicators it provides and how everything can be personalized to the needs of the user. While most of the features are free, getting a paid subscription makes multitasking possible on the platform.
Apart from Indicators, strategies, technicals, etc. TradingView also focuses a lot on the news from various markets and various stocks and currencies. This helps traders in getting updated on the recent developments and they can act accordingly on the same platform as they don’t need to go through various websites to do so.
TradingView Charts
TradingView charts provide a lot of features for all kinds of traders. It is sleek, simple, and very responsive. When it comes to user experience, there is no other charting platform better than TradingView. All other charting websites on the internet seem like they were built in the 1990s and weren’t updated since then. This modern look attracts new traders and makes trading a modern and satisfying experience.
You can zoom in, zoom out, drag the charts and even draw on them in any way you like. It is very smooth and fast with the adjustments and it offers a very efficient and pleasing response. While some charting platforms offer only line charts and candlestick charts, TradingView has 12 different types of charts including Hekin Ashi, Renko, Point ad Figure, Hollow Candlesticks, Baseline, etc.
It also offers a long range of timeframe adjustments from 1 second to all the way up to 1 year. This benefits both scalping traders, day traders, and long-term investors. It is also very easy to go through multiple charts as all your saved charts are shown on the right side of the screen and you can switch between them with just a click. It is meticulously designed for the comfort of each and every trader.
One of the most useful tools on the chart is the Alerts tool where one can create alerts for when the price of a stock reaches a certain point, the platform would alert the user by sending notifications.
Drawing Tools on TradingView
What differentiates TradingView from all other charting platforms is drawing tools on TradingView. Sometimes while trading, we need to mark on the chart to identify movement or look for support and resistance channels. That’s why the platform allows you to draw a lot of tools on the chart from simple lines and pencil drawings to Fibonacci retracement lines and Cypher patterns.
It also has a tool that calculates your Risk management just by using the tool on your entry price and then selecting your stop loss and adjusting your Risk-Reward ratio. It also provides Text writing options, emoji stickers, trendlines, measuring tapes, etc. so that you can make notes and stickers while studying a chart. Given below are some of the drawing features provided by the TradingView charts. Even these are not all, but just a glimpse of all the tools.
Indicators and Strategies
Indicators are used to study price actions and market performance. Strategies are created to help traders decide entry and exit points based on certain changes in price movement. These indicators and strategies are mathematical formulas applied to price changes and market volume. TradingView currently has more than 100 in-built indicators and more than 5000 indicators designed by the TradingView community. The basic purpose of these TradingView indicators is to help the traders in identifying buy and sell signals. Every indicator is customizable where the input values can be changed to adjust the trader’s needs.
While there are hundreds of strategies in TradingView, the best thing about it is that users can create their own strategies and indicators to suit their needs. TradingView uses PineScript to code indicator and strategy scripts. Any trader can learn to write Pine scripts if they wish to learn it. The complete details on how the script works and how to write are available on TradingView itself and all of it is for free so that anyone can learn scriptwriting and use it for their comfortability.
The most popularly used TradingView strategies are:
Relative Strength Index (RSI)
Moving Average (MA)
Exponential Moving Average (EMA)
Stochastic Oscillator
Average True Range (ATR)
Ichimoku Cloud
Bollinger Bands, etc.
Community Contribution
As mentioned earlier, TradingView has a very strong community and they have contributed more than 5000 indicators on the platform. In the Indicators and Strategies section on the chart, the community-built Indicators are shown in a separate category with the names of their designers written alongside the indicator names. Apart from indicators, experts also provide their strategies in the community scripts section where one can see or use their strategies for trading. To check if the strategy really works, TradingView also has a strategy tester where the users can backtest the strategy on any chart and see the details on the returns, profits, and losses that would occur if the strategy would be used.
Apart from community scripts, TradingView has a separate communities section where people share their own ideas on various stocks, currencies, and markets. People share their studies of the market and trend analyses on the TradingView community where others and respond to it. TradingView Community also hosts live streams on the platform where creators come and share their views to a large trader audience.
TradingView Technicals
The other great feature on the TradingView platform is the Technicals section where all the technical aspects of a stock, currency, or cryptocurrency are given so that one can decide whether to invest or not. The technicals depend on Artificial Intelligence who studies the price movements, indicators, and various mathematical pivots. The AI uses multiple inputs and calculations to automatically do an extensive technical analysis for you. It is shown on an oscillating meter that indicates whether the investors should buy or sell at that moment. It also shows the values of various mathematical pivots, oscillators, and moving averages.
Screeners
TradingView Screener shows all the stocks and currencies listed on the TradingView platform in their respective categories. For example, you can open a stock screener and select any particular country, then all the stocks listed in that country’s exchanges would be shown in a list.
You can change the order of the list on the basis of stock price, percentage change, volume, market cap, technical rating, and even their employee numbers. The same goes with cryptocurrencies, Forex currencies, etc. You can also select multiple stock exchanges at a time in a premium account to compare the stocks of various countries.
Conclusion
TradingView has innumerable features and is built to suit every type of trader with its super smooth and efficient user interface. It is definitely the best charting platform on the internet. It has all the advanced features a pro trader would need and also has a so simple interface that even a beginner would have no trouble understanding it. Experts said that TradingView is a platform that makes their tasks easy with advanced features like Pinescript.
With so many features and extensive data from all big markets from all around the world, it is also backed by a strong trader community which makes it even more perfect for traders as they can study, trade, and communicate with similar-minded people on the same platform.
But it is still not an error-free website. The only con of the platform is its trading panel where there are only limited stockbrokers to connect to so that one can trade directly from the TradingView platform itself and the users don’t need to exit the website. While there are multiple brokers connected to the platform, it does not have any internationally used brokers, eg. Binance or KUcoin.
But as TradingView is a charting platform and not a trading platform, it definitely packs a lot more than any of its competitors and most of its features are for free.
If you are starting out as a beginner investor in the stock market, it is advised by the experts that you learn the ropes before jumping right in and risk losing all your money. The stock market has constant fluctuations and involves a complex understanding of how it works therefore one of the smartest ways to learn trading is through the usage of paper trade.
What is Paper Trading?
Paper trading also referred to as simulated trading is a way through which investors can participate in the institutional market environment where they can sell as well as buy securities using fake money.
Paper trading negates the risks involved in trading with actual money by supplementing you with the paper money to trade in the stock market. The stock market simulator allows you to create, execute and test your various strategies on the actual market conditions to learn your way around trading, companies and more.
One of the most important advantages of using paper trading is that there are no losers irrespective of how much you gain or lose out of a potential trade opportunity since the money was fake all along. On top of it, you also get to monitor the performance of your hypothetical portfolio in real market conditions.
What Is TradingView?
TradingView is a comprehensive charting platform and social network community for investors and traders of various financial markets. The platform provides a real-time price feed for markets related to cryptocurrencies, stock, forex and other commodities.
TradingView has a dedicated community of more than 30 million monthly users on average and provides them a space where they all can share their knowledge, discuss future forecasts, and more. The platform has accumulated over 8 million custom scripts along with ideas from its customers to date.
It offers both web and mobile platforms for trading, has an easy-to-use interface, offers an excellent trading experience, and provides tons of advanced features. Some of the functionalities you have access to include indicators, paper money, reports on trading strategies, alert conditions, financial analysis, live streaming platform, enhanced watchlists, auto fib retracement, and more.
Getting Started With TradingView
Let us look at TradingView’s onboarding process real quick and follow the steps given below to do the same.
1. Navigate to the official TradingView website and click on the “Get Started” button present at the top right corner of the home page.
2. Next up you will be redirected to the pricing plans page of TradingView where you can choose the monthly or yearly subscription package according to your needs.
3. Following the selection of membership plan, sign up using either of the following credentials; Google, Yahoo, Facebook, Apple, LinkedIn, Twitter, or Email.
4. Enter the payment details, complete the transaction process, and you are done.
To use paper money as a way to start trading on the various assets on TradingView, you are required to sign up for an account. However, if you already have one, repeat the steps given below to get started with paper trading.
1. First, you need to connect a paper trading account. In order to do so open a chart and click on the “Trading Panel” tab present at the bottom. Here you can select your broker and login into the chosen brokerage account. Click on the “Paper Trading” icon present on the left-hand side.
2. Since by default your TradingView starting account balance starts at $100,000 you will be required to reset it. For doing so, click on the Gear icon present in the right corner, and with the help of the dropdown menu click on the “Reset Paper Trading Account” button. You will be prompted to enter your preferred account balance and once done click on the “Reset” button.
3. You are now ready to create an order therefore right click anywhere on the chart, and click on the “Settings” button. In the settings panel, open the “Status Line” tab to ensure that the “Show Buy/Sell Buttons” checkbox is ticked and hit the “Ok” button.
4. The Buy and Sell buttons will be displayed across the screen on the upper left corner and you can click on any of the desired buttons.
5. Upon clicking, the Order Panel will be presented at the right side of your chart and here you can fill out the form with appropriate data and confirm your order.
6. After you submit your paper order, the platform will automatically execute it. At the bottom of the page where the “C” tab is present, you can analyze the list of all the open positions and orders.
Pros and Cons Of Using Paper Trading
Paper Trading has its own set of advantages and disadvantages and some of them are as follows.
Pros
1. Trading Without Risk – Paper money allows new investors to trade in a simulated market environment where you can purchase and sell almost any asset using fake money and therefore eliminating all the risks of losing your hard-earned revenue.
2. Learn Trading – For beginners in trading, there is no better way than to actually try using various hypothetical portfolios and executing strategies to learn. Even if you make mistakes there are not any real strings attached to your decisions.
Cons
Euphoria Trading – Experts have collectively agreed that paper trading invokes reverse emotions in investors as losses are not taken seriously. Traders also take on risks they otherwise wouldn’t have if the money they were using were real and therefore these miscalculations and undisciplined demeanor can cost them financially in the future.
In this modern era of time, trading is very popular and loved among all generations. Trading is a very good option for part-time work and also for a full-time option of earning. To get a successful career in trading all you have to know is to analyze charts, learn from others and predict the future based on facts and figures. You have to avoid guessing to reduce the chances of loss.
People say that trading is a risky game, well yes it is but you can reduce the risk by applying your brain and techniques. ChartIQ is a very useful platform for traders ChatIQ is the world\\\’s most powerful HTML5 stock charting library with a huge range of charts and many useful features to enhance your experience and outcomes of your observation.
Features of ChartIQ
ChartIQ is a very popular and very useful platform for those who are working as traders or practicing for that because ChartIQ contains many features that make it a useful platform some of those features are;
ChartIQ Provides Very Attractive Charts
These charts are highly informative and useful. Charts are the best way to observe and analyze the market these charts enable you to learn more about market growth and movement. ChartIQ provides a very large range of charts which enables us to know about many aspects of the market. Charts help in checking and predicting the upcoming market changes. These charts are provided in many forms like bars, candles, etc…
Fully Customizable + Quick Time-To-Market
ChartIQ UI templates make it easy to get a financial chart in hours, and “light” customization. It provides fully customizable charts and quickly updated charts so that you can go with the market time and don\\\’t be before the time. This enables you to get to know about the best timing of investment and helps you in knowing about every movement of the market. It reacts with the market very quickly so that you won\\\’t miss any event or movement of the market which leads to up-to-date learning and having the opportunity to earn with every event.
Cross-platform support
Cross-platform ChartIQ supports every platform and works with any device Android, Windows, OS, etc.. . ChartIQ also works with your native app as a support application which gives you all information about the market and every update about the trading world this is a big plus point of ChartIQ that it gives multiple platform support to enable you to use the precious information provided by chart IQ and using it\\\’s incredible features for your successful trading every day.
Future Proof
The main problem of any trading supporting site or app is that they don\\\’t get updates constantly which leads users to shift to another then platform over time which creates many problems but ChartIQ provides you updates constantly and assures you for the future that ChartIQ will grow and help you to grow with time and bring constant several changes in itself to help you time to time.
Your workflow solution provider
Financing is getting developed into the app-to-app communication that ChartIQ provides a system that supports every platform to reduce the interruptions that occur in trading by the reason of lack of communication. This is a very big point for ChartIQ because the communication problem is a very popular problem faced by traders during trading because their apps or platforms support only a few others and they can\\\’t work with rests.
Best-in-class developer experience
Development is in good hands which delivers time to time development to the ChartIQ and also provides one of the best customer support with a very quick response. The support team of ChartIQ is very quick in responding and always ready for technical solutions and services which enhances the user experience and also reduces the interruptions in using the ChartIQ.if you have a platform with constant support and a good development team then it\\\’s a very enhancing point for your trading and work.
Pros of ChartIQ
ChartIQ is a marvelous product that enhances the work experience of traders by providing very informative charts with the world\\\’s most powerful HTML5 stock charting library. ChartIQ also supports a cross-platform method which enhances the work and reduces interruptions. ChartIQ is so popular because of its features and pros, some pros of ChartIQ are –
Very informative charts
ChartIQ provides very informative and attractive charts which enable you to learn about the movement and growth of the market which is very useful for traders in working and earning more by trading.
You\\\’ll get cross-platform support
Cross-platform enables you to access ChartIQ with multiple platforms of trading and enables you to use every information of ChartIQ within your native platform.
Provides constant updates
ChartIQ provides constant updates which lead to up-to-date information and events of the trading market with information on every movement of the market to enable you in using every opportunity to make a profit.
Introduction to Tradingview
Trading is a swing to reach financial milestones faster as better evaluated information helps in generating faster results. The trading surrounded by better and more realistic information helps in creating finer results. Such information is vital in terms of accepting the idea evaluation over guessing. The way trading can be aced by using the resources and tools that can be managed is the best process to find good returns.
About Tradingview
Tradingview is the destination for all of the realistic information and tools desired by traders to understand the definition of perfect risk management and profit-driving. Tradingview is in the market to help traders use the collected data and enjoy the benefits of its features.
Tradingview has numerous features which make it stand in the position where it is now –
Analysis
The standard analysis can be enjoyed on the TradingView based on different information. The technical analysis helps in getting a quick observation of the assets by seeing the color code too. Analysis helps in understanding the process of evaluation and how the stock has been performing and how it is going to perform shortly.
News Alert
The news alert is about keeping a check on the market\\\’s actions. The news helps in understanding the events which affect the market. By keeping a track of all of these events one can easily make changes in their moves and maximize the results. It minimizes the risk as the traders get the time to make quick changes.
Affordability
Tradingview hasn\\\’t kept prices so high that people don\\\’t get abandoned because of high rates. Tradingview pricing plan has free services available too and the plan cost $59.95 monthly which is dependent on the choice of plans picked.
Screener
The screener is the key feature of TradingView as it helps in getting faster results by using the best filters. The screener helps in finding the standard of a particular stock and getting a hold of the history of an asset. The screener is merged with every filter a user desires.
Free accounts
Some users can\\\’t even pay a minimal fee to get their trading on the track. But TradingView has no plans to make them feel restricted. The free account services can be availed by these traders which gives access to limited features of the trading view. As it doesn\\\’t have all of the premium features but to some extent helps in getting a better idea of the market.
What can we expect from Tradingview?
Tradingview offers more effective features to the users than any other platform. It stands upto the very expectation a trader can have from such an app. It helps in getting the hold over the several features and tools useful in understanding the market. Tradingview also has strong experience in this domain which generates enough trust in the hearts of users. It also has powerful technical analysis which drives better results for users and extracts finer returns.
What are some pros of using Tradingview?
Trading Views has got some exciting pros which make it dominate the market of financial information. Some of such pros are as follows 🙂
Affordability expands its reach in the domain of users as they can easily get premium subscriptions.
Free accounts still are part of TradingView in this capitalized world. As limited features can still be enjoyed without paying a single penny.
The technical analysis gets the job done for users and provides fast results
The color code also contributes to the direct understanding of whether the stock has got positive returns or not.
How to register for Tradingview?
The registration process isn\\\’t an issue for traders using the trading view. They normally have to web search the platform over the internet using any kind of network. After going to the website one has to register by filling up the details and decide whether they seek a paid plan or wish to avail of free services. After paying the fees they can go through the premium features or in the case of using a normal registration some of the basic features can be used.
Conclusion
Tradingview is the best platform and easily beats its alternative ChartIQ. In terms of features and benefits, TradingvVew is far better than ChartIQ. The way it is structured assists users in accessing all of the information related to the market. ChartIQ has to get some features expanded and also try to add more attractive policies if they desire to get a bigger user base. But till the time it isn\\\’t fixed, TradingView will be on the top of the market. Tradingview has gained the trust of its users which has gifted customer loyalty to them. And customer loyalty is one of the most essential things a service provider seeks.
Online trading is a new sensation among this generation. A big part of youth is investing in stocks to gain more money. Trading is a way to make your money work for you. Online trading is part-time as well as full-time work for anyone. There are plenty of platforms that provide services of online trading and all are growing well every day because of the sudden and incredible popularity of online trading.
Trading was a popular concept of earning for a long time but after online trading came into the market the popularity of trading increased at a high rate. Online trading can be done from anywhere it can be a good choice of work from home which enables to work and earn in every situation. Trading has become an easy to access concept after the entry of online trading.
What is TradingView?
TradingView is a platform that visualizes the growth of any stock, crypto, forex &, etc. Many traders use TradingView to know about stocks, and crypto to earn more and reduce the chances of loss. Trading is a risky business if you\\\’re not applying the principles of the market.
Suggestions & help when you\\\’re being supported by the experience and evaluation then it feels easy to do any job and enhance the impact also. Trading is a popular but not an easy concept but if you\\\’re capable in terms of analyzing and observing the market trends then you can predict the outcomes with a high success rate. TradingView is a platform that provides trading charts and many other services which help traders in observing the market trends and understand the possibility of stock in growing. This helps a trader in better risk management and to get confident trading skills. TradingView is a path shower for traders
Features of TradingView
TradingView is a platform with multiple features helpful in trading which enables it to become the most popular site among traders. These features are very different and more effective from other sites which makes TradingView a better and unique platform.
Some of the features are –
Amazing Charts
Charts are the best and most effective way to predict the market. Smart traders always believe in finding the real possibilities rather than the guessing game. TradingView provides a huge range of charts for traders to know about the real market and to predict the possible growth of the stock or any trade market. Different charts show different aspects and help in predicting different stocks and different possibilities.
Analyzing
The analysis is the basic way of evaluation and it is the most wanted detail for any trader to know about the growth of any stock. Technical Analysis on TradingView is done by factors like 100+ pre-built indicators, 30M+ communities built indicators, 50+ smart trading drawing tools, multiple timeframes, volume profile indicators and candles patterns. These factors by the TradingView get the most work done by users and make them understand the basic trends and basic way of evaluating the market.
About the alerts and notifications
Everybody wants to skip to the good part. The market moves every second and makes major or minor differences. TradingView sends alerts and notifications of every movement so that users don\\\’t miss any of these. TradingView provides alerts and notify every device and promises to not let anyone miss the best news and trends of the market to keep you updated and help you to tackle impacts of current events to analyze the future.
Learn from other\\\’s skills
The market has a huge number of skilled people and their knowledge & talent can help you to grow. TradingView lets you know about the strategies and techniques of those players who are already a winner in the game and helps you to grow with their talent. Traders can also use & check those strategies and techniques on the charts to know about the possibility of success. Testing based on certain patterns also keeps the work speedy and lets traders learn those strategies on their own so that they\\\’ll learn practically.
Pros of TradingView
TradingView is one of the most popular websites among people who do online trading. TradingView is so popular because of its incredible features and pros that combine to make TradingView a better option. some of the pros of TradingView are –
Easy to use
TradingView is an easy-to-use platform that gets the complicated work of traders done. TradingView is easy to access and all features are easy to use and understand.
A big chart database
TradingView has a big list of charts that enables you to know every aspect of any stock which leads to a properly planned investment.
Bar replays
Bar replays in TradingView are easy to use and simple like using any social media.
Cons of TradingView
TradingView is a great site to learn about trading and its aspects. TradingView has many beneficial features and pros which makes it a very popular platform among traders but with this, all TradingView has some cons also. Cins if TradingView are;
Bad customer service
It\\\’s very productive and good to use TradingView till any messy issue occurs on the site because TradingView isn\\\’t so good at providing customer services to solve every single issue occurring while using the website or app.
Limited Free version
The free version of TradingView doesn\\\’t provide so much to the users. If you\\\’re using the free version of TradingView then you\\\’ll feel that it\\\’s very unhelpful and you can\\\’t access many of the features of TradingView which is a down point for the platform.
Premium version issue
TradingView doesn\\\’t provide premium features smoothly to the users. After getting a premium membership many times it gets stuck and many of the profiles seem to be locked which decreases the expectations of users.
What is Investing.com?
Investing.com works similarly to TradingView. Many features of both are mostly the same. Investing.com was launched in 2007 by Dror Efrat and other co-founders and it\\\’s available in 24 languages Investing.com had 300 employees in 2019 Investing.com is a financial information platform that provides key information to traders to help them in choosing the best stock to invest in. Investing.com is a very informative and useful platform for traders to know about everything happening in the market so that they can invest in the stock with the best possible outcomes.
Features of Investing.com
Investing.com is a very popular site in the world of trading that keeps traders updated with the market and its movement Investing.com has many beneficial features which work together to make it one of the favorite sites among traders.
Some features of Investing.com are
Live updates
This site provides live updates of more than 100,000 financial products and 70 trading platforms which enables every trader to keep themselves updated with the market to work in full consciousness for making more money and get a successful career in trading at their own pace.
Maintaining an economic calendar
Investing.com provides a real date-time of global events which enables you to maintain a calendar for yourself to learn about every financial event on a global platform. This helps in knowing about what is happening and what is going to happen in any region of the world which is related to economic matters of the world.
Alerting system
This feature of Investing.com is very useful and one of the most favorite because it delivers alerts on devices when any smallest change occurs in the price and on every single movement in the market which makes it easy to stay updated and allows you to buy on perfect timing.
Many financial instruments
Investing.com provides many financial instruments to the users like Technical Summary, Earnings Calendar, Market Quotes, Currency Converter, etc.. which makes their work easier and does the hard work of the traders to save their time and energy. These instruments are very informative and useful and get updated from time to time with advanced features of the site.
Pros of Investing.com
Investing.com is a very useful and effective site for traders to enhance their experience with trading and make their work easier and more effective. Investing.com has many features and pros that make this platform a very marvelous platform.
Some of those pros are –
1. Premium features without getting a premium membership
A bunch of financial instruments is very helpful for successful trading. Every instrument has its feature and this all is provided without any premium members which makes it more attractive.
2. Effective and accurate information
All information provided by Investing.com is very accurate and effective for better outcomes which makes it a great option to learn about trading.
Cons of Investing.com
Investing.com is a very useful and productive platform for traders because of its incredibly good features and pros which work together to make it a better platform but with these positive sides to investing.con do also have many cons too. Cons of Investing.com;
1. Lots of ads
Investing.com gives many ads while users are using the features. There\\\’s no way to get rid of those ads for fluent work. Investing.com has no premium membership so they use ads for earnings but these ads decrease the user experience which is a negative point.
2. Slow updates in the database;
Investing.com is slow in updating the database which leads to uneven information with less productivity. Slow updates in the database can lead to losing the opportunity of getting a chance to invest at the best timing.
Conclusion
Both platforms are good in their ways, both have their different features, pros and cons which makes them different from each other. In this very situation, it\\\’s hard to choose one so the traffic helps you in choosing better among the two bests so the traffic on TradingView is better and higher in an amount which tells that the TradingView is better in user experience and gives you a more effective way to grow.
Suggestions help in different aspects of life as our vision is supported by the experience and evaluation always gets the work done smoothly.
Trading is a tough nut to crack but if one seeks assistance in terms of evaluation and observing the market trends then the returns aren\\\’t hidden.
TradingView is a trading-chart platform that helps traders in observing the market trends and understand what the estimation of history says about the future.
This feature helps traders in better risk management and get confident trading done. As the quote knowledge is power becomes active and the returns start becoming bigger and bigger.
What Are Some Features Of TradingView?
TradingView has numerous features which make it to become one of the most visited web portals by traders. Some of such features are listed below
Do You Know? We have also covered an in-depth TradingView review, you can also check it.
Exclusive Charts
Charts decide the flow of the market as the smart traders always go up with the process of evaluation rather than the guessing game. TradingView being the website for traders has a wide range of charts for the traders. 12 different types of charts, up to 8 charts per tab supported with second timeframes, bar replay with glitch-free smoothness to provide the detailed representational history of the market trends about the asset.
Get it Analysed
The analysis is the core of evaluation and it gets the most sought details presented on the table. Technical Analysis on TradingView is done by factors like 100+ pre-built best TradingView indicators, 100,000 community-built indicators, 50+ smart trading drawing tools, multiple timeframes, volume profile indicators, and candlesticks patterns. These factors by TradingView get the work done for users and make them understand the very core trends emerging in the market.
Never Miss The Opportunity With Alerts
Who wishes to miss the train & the answer is no one. The train becomes more special if it is about high returns and growth as a trader. The market moves every second and achieves milestones so that users don\\\’t miss any of these. TradingView provides alerts on every device and promises to not let anyone miss the hottest news and trends from the market to keep hold over your growth and tackle the impacts of the current event in a finer way.
Test & Implement Your Strategies
The world is full of skilled people and their talent must not go in vain. TradingView supports the strategies traders from all over the globe carry as it provides space to share these strategies with other traders. Traders can also get their strategies tested on the charts based on realistic information which can clearly demonstrate how well these skills are going to work in the market. Testing based on numerous patterns also keeps the work high paced and traders understand all of such strategies by their core.
If you don\\\’t know how to use TradingView don\\\’t worry, We have covered a guide on how to use TradingView.
What Are Some Pros Of Using TradingView?
TradingView is one of the favorite websites of traders. This is being possible only because of its numerous attractive features as traders get to enjoy following the pros of tradingview
Free 30 Days Trial
Get free 30 days trial for the premium Subscription of TradingView & you have to pay nothing for the trial
Easy to use
TradingView is not difficult to use and anyone knowing the basic knowledge of surfing can go through it easily. The web portal is based on current web advancements and traders don\\\’t have to be in a mess while availing of the services.
Huge chart database
Trading Charts has found its home in the lap of TradingView. TradingView has the largest range of charts available which helps in better trading evaluations.
Bar replays
Bar replays on TradingView are very simple to use to back-test the strategies and can be used like using any other social media platform. The bar replays help in better playback mode options and deliver in multiple time frames.
What Can Be Some Cons Of Using TradingView?
Numerous structural features can be counted as cons to the TradingView platform. Such cons are as follows
Customer service
TradingView isn\\\’t something known for its customer service. As it is slow in terms of providing the basic support needed to overcome a mess offered sometimes by the platform.
Limited Free version
The free version of TradingView doesn\\\’t match the game at any cost and traders not being able to get the premium version fails to get the accurate knowledge of even average scale services.
Premium Issues
TradingView isn\\\’t so smooth in terms of making trades with limited features in the free version, you have to buy the premium service for advanced technical analysis. It gets stuck and also multiple users\\\’ accounts are found locked which limits the trading socializing.
What Is Finviz?
Finviz is the financial wizard of the town. The magic of this wizard helps in quickening the process of evaluation by providing information based on set criteria.
Finviz is known for financial display which offers information in an engaging way that does the work for the traders easily. It is acing the game of providing financial information to the traders in a high-paced manner.
Finviz is roaring in the market for sure and wishes to keep on making an impact on traders and deciding the flow of the market.
What Are Some Features Of Finviz?
Finviz being a traders platform has got multiple trader-friendly features that get the job done efficiently. These features are as follows
Trends
Finviz has a section of news that contributes to creating trends. This information is important for the market as they move it up and down. Finviz helps in keeping an eye on all such news which helps in handling the market pressure in a better way and finding a way to get a huge amount of profits.
Tools Over The Screen
Tools assist trading platforms to make work easier for traders. The screener feature helps traders in the filtration of assets for which they wish to see the trends. This feature also allows users to save the data for a later option, the only limitation to this feature is that the visitor must register. Unless the basic screener can be used by anyone to use the data.
Maps
The future of assets depends on multiple features like policies being opted by their nation or the separate announcements by the brand specifically for some geographical area or set of users. This can be checked on a regular basis by using Finviz as it helps in tracking down particular stocks. Also, the color code is adopted by Finviz which can tell at a glance if the market is going up or down.
Special Facts
The insider trading section of Finviz keeps an eye over the trading done by mammoth traders. As these traders can single handedly move the market which makes every move by them very important. Finviz helps in nothing, even the minute movements done so that traders can decide which direction they wish to go.
What Are Some Pros And Cons Of Finviz?
Some pros which make up the user base for Finviz are as follows
Free Structure
Finviz has subscription plans for traders who seek longer and more intense support from Finviz but if you are a new trader then Finviz will get you some basic services for free which can be sufficient in doing evaluation to a smaller level.
Easy to register
Finviz doesn\\\’t complicate the registration for users as it wishes to keep the experience smooth. The registration process can be done by simply enrolling on the website. This process doesn\\\’t cross the timeline of more than five minutes and doesn\\\’t make users wait so much to start their intense trading journey.
Turn into an Elite
Finviz subscription plans make every penny count as it gets the most exciting features available by charging some price. The feature for Elite members are most assisting and helping in keeping the trading on track for its subscribers. Annual and monthly plans differ in terms of pricing but both offer smooth services.
What Can Be Some Cons Of Finviz?
As the positive factors cover the Finviz with a positive blanket there are some issues related to it too. Finviz will sooner or later get these settled but till then cons are part of Finviz. Such cons which can repel users are as follows
Tons of ads
The market moves with every heartbeat and when you are in a hurry of trading and want to get the fastest evaluation done then even the 15-second ads become annoying. Free users on the platform of Finviz have to face this mess of ads which can be discomforting in terms of patience to traders.
Lack of features if you don\\\’t pay
The bag full of exciting features is kept for the users paying the price for availing of the services. It helps in understanding the marketing model of Finviz but on the same hand, it disappoints the users who deserve some of such exciting features without a subscription.
Final Conclusion of TradingView vs Finviz
As per the overall review, TradingView Wins if we compare it with Finviz. No doubt, Finviz is also a good platform but still, it lacks some features & User-Interface is old.
Both of the platforms wish to make things easier for the traders but they do differ in terms of services. As there can be a comparison between any two things to get the point of satisfaction towards one extracted. Both majorly differ in terms of parameters and combinations which can be made for the process of filtration. The count of parameters screening offered by Finviz rests at 65 though for TradingView it is 100, more combinations can be experienced on Finviz.
Both have different pricing plans for subscribers. Finviz fails to offer a chatroom too but TradingView has got the work done in this aspect. Both have their own qualities and features but TradingView they have eyes on the traders about what can kind of services they desire.
TradingView is a ultimate stock screener & it is leading on the top in the trading industry specially for technical analysis. Majorly people are using TradingView & paying the full amount for subscription.
But now no need to pay the full amount as TradingView is offering Black Friday & Cyber Monday discount deal. You may be a regular user of TradingView then why to pay full amount if you are getting in cheaper with the Black Friday & Cyber Monday Offer.
You can choose the TradingView plan based on your requirement & enjoy the benefit by saving your money with the great offers.
Follow the steps to avail Discount On BlackFriday & CyberMonday
It is required to signup with the new account if you don’t have
After this Select the Plan as per your requirement.
Enter the billing details as per your desired method.
Make the payment & enjoy upto 60% discount on your TradingView subscription.
Black Friday & Cyber Monday deals are only for limited period so that expect offer will be valid for long period. You can take benefit for longer period by availing the discount offer.
Don’t miss the opportunity to save your hard earned money by using this deal.
