Category: Comparison

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

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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

📌 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

📍 Backtesting Functionality

📍 Integration of Screening and Backtesting

📌 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

📌 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.

Sign Up Now On TrendSpider – Start Free Trial

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.

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.

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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.

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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.

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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.

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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.

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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.

FAQs

What Is TradingView?

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

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

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

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

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.

Other Alternatives

https://shipchain.io/tradingview-alternatives/

https://shipchain.io/tradingview-vs-mt4/

Trading is now not more a part-time hobby or income as it is adopted as a full-time career by many. The career can\\\’t be based on full fletched guessing and the idea of not being prepared completely. So the financial information becomes the key to evaluation and better estimation of asset futures.

The predictions based on parameters help in getting an understanding of returns and risk management. It allows the way trading should be done and the art of maximizing results.

Providing financial information and tools is now serving as anyone who wishes to get their hands into trading seeks these kinds of services.

Numerous platforms do provide these services as they also compete with each other to become the favourite of users. Such two platforms are Tradingview and Ninjatrader. The Tradingview manages a win and reasons can be observed later in the blog.

What is Tradingview?

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Tradingview is a paradise of financial information; it allows traders to get realistic information and pave their way to better returns. Tradingview has got multiple tools, charts, screeners and other major market assisting tools. It has a pretty good hold on the market. It entered the domain in 2011.

Constantine Ivanov, Denis Globa and Stan Bokov are the founders of this superb platform. Tradingview has helped numerous traders in trading on a better base and conquers the market with financial knowledge.

What is Ninjatrader?

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Ninjatrader has its roots in the U.S.A and is dated back to 2003. It helps in using some financial assisting technology. It uses the website model to assist users in getting information related to the market. Ninjatrader is such a good platform for traders to seek services in this domain.

It offers several features and is also one of the best brokerage services for traders. It is decorated with different benefits and pros which provide better services to traders.

What can a trader expect from Trading View?

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A trader can expect one of the finest and most evaluated data by using the Tradingview platform. It has got charts, technical analysis, free version, customer support and many other features. These all features can live up to traders’ expectations and help them in achieving the goal of nailing the skills in the market. Tradingview has been in the market for a decade and still manages to become a better option in comparison to multiple other alternatives available to the traders.

What Can A Trader Expect From Ninjatrader?

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Ninjatrader is dated back to 2003 as it clearly shows how much experience it would have gained in this domain. The experience has given an edge for sure to Ninjatrader but the features it offers aren\\\’t that smooth. In terms of benefits, it has not very much to deliver as the alternative like Tradingview is far better in the count of features and pros. Ninjatrader allows the trader to surf financial data in a good way but not live up 100% to their expectations.

What Are The Features Of TradingView?

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There are numerous features of Tradingview as it helps in getting the train of returns and risk management back. The features are the key factor of making a user base as Tradingview helps in extracting the best out of a trader.

Some of such features are as follows 🙂

Share the skills

Tradingview believes in the calibre of traders which is the reason it has allowed sharing of personalised strategies on the global platform. The more confident a trader becomes in terms of having these trading skills the more they become capable of driving higher returns. The market has to be a happy place but not everyone can pull up a bucket of returns daily. So financial information and analysis make sure that one carrying the returns is worth it.

Keep an eye out

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Tradingview doesn\\\’t want its users to ever miss any kind of vital information. It has the features of a news feed and alerts which help in keeping an eye all over the market-related information. It helps traders in holding up on the paced up news and make moves according to it.

The faster the way of observing the news will be the bigger the moves can be. This news creates the trends and these trends drive the flow of the market.

Technical analysis

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The core goal of providing financial information is to get the best analysis done. Tradingview provides several charts, bar replays, and colour codes to get the job done for traders. The detailed analysis takes place after going through several factors which affect the market.

This feature of Tradingview boosts up the game of returns with 100,000 community-based indicators, multiple timeframes, 50+ other tools etc for traders and adds up value to their profile.

What Are The Features of Ninjatrader?

Great Charting

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Ninjatraders have excellent charting with top class technical analysis. This feature enable you to learn from top class instructors in a particular course. This feature is a very amazing side of this work and helps in gaining good knowledge and also familiar with everyone. This is the product which is really worth it this feature is adding something to this.

Offers thousands of Apps

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NinjaTrader Ecosystem offers thousands of apps and ads from 3rd parties. Ninja traders have a very open-minded ecosystem where they also share ads on different platforms and a so that students can choose the best out of them. Ninja traders have a well-based ecosystem with good health and place. These apps are so interesting and exploring which shows many hidden features of that thing.

Trade without Risk

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Learn the platform and practice trading before risking real money. This method of trading and learning is very useful for those whore going into the market and all who wants to do share marketing. Students can start this for free and learn the true method of the things to learn without betting real money.

Which platform is best?

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Online trading is a very popular concept Today and a big number of youth are looking into this seriously which allows teachers to teach them to learn before betting on real money so that they\\\’ll come up with a good profit.

Online trading is a good source of side income and some people use it as a full-time job too. Trading contains many guts and plenty of knowledge to be done perfectly. In online trading, a person who joins should have basic knowledge already about the market and the format it’s done.

Online trading is a very good choice to learn and earn which enables you to make your money work for you. For doing online trading you have to get knowledge about the observation of the market charts and how to analyze a chart and how to predict the future of any company or stock.

Trading view and Ninjatrader provides the update on the market, charts to observe the market, and everything you need to do trading these two apps is very good in their work but if we\\\’re talking about one best then the trading view is the step ahead by his hard work and described material with more accurate information.

How the Tradingview works

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The trading view is a well-known online helping guide for the traders to trade well. The trading view provides charts. Charts are the best thing to predict the market as the smart traders always believe in the real things rather than the guessing game.

Tradingview provides a huge number of charts for the traders to know about the market and its growth pattern. Different charts show different aspects and help in predicting any stock or the company\\\’s future.

The trading view helps you in analyzing the market with100+ pre-built indicators, 30M+ communities built indicators, 50+ smart trading drawing tools, and the Trading view also alerts and notifies you about the move of the market and your selected stocks which enables you to stay updated with the market. The trading view tells you about the techniques of those who made plenty of money through their special techniques and tactics.

What Are The Pros Of Using The Tradingview Platform?

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Tradingview has numerous pros which lead to the betterment of the platform. These pros are results of the features which make TradingView a better place to figure out financial difficulties by evaluating information.

1. A better bank of charts helps in figuring out the data in a finer way.
2. A good way to finish the last-minute guesses for a perfect understanding of analysis.
3. Top updates of the market are delivered via news feed which helps in keeping an eye on the trends.
4. The experience of TradingView in the market helps in getting hold of mammoth moves.
5. Easy to use registration eradicated the mess of registration which helps smooth usage of the website.
6. Well structured website also helps get a glitch-free experience.

Conclusion

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Tradingview and Ninjatrader both have different features but have different positions in the market. The way TradingView shares the market-related information is supported with features. Tradingview does have a better standing in terms of comparison.

The way Ninjatrader works in the field is a bit complicated and a bit restricted in terms of parameters of evaluation. The way it is formed to support financial evaluation to get a better development of returns is a bit less impactful than that of Tradingview.

Tradingview has the edge of being developed later than Ninjatrader which has got numerous features into it. Also, the comparison is about better risk management and financial betterment.

Trading is growing at a very impulsive rate and more and more people are getting into crypto trading. With such an increase in the number of traders, there are a lot of people searching for good software for technical trading.

Trading needs very extensive technical and fundamental analysis. Traders need to study and analyze each and every stock or crypto in detail to take trading decisions.

There are many options in the market that offer platforms for technical analysis and screening. They have their own advantages and disadvantages in different parts of technical analysis. In this comparison article, we will be comparing two of those platforms – TradingView vs MetaTrader 4 (MT4).

TradingView Overview

TradingView is one of the most used technical analysis and charting platforms in the world. It is a relatively new platform launched in 2011, but it has gained popularity only recently among the new traders.

The major reason behind its popularity is the immense number of features it offers to its users. It is a charting, screening, and technical analysis platform that offers a lot of tools including technical indicators, customizable charts, technical drawing tools, etc. And the best thing about it is that all of it is completely free. Though TradingView does have subscription plans, almost all of the features provided by it are free for all users.

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It is also a preferred platform for most users due to its adaptive user interface and customization features. You can personalize the TradingView dashboard in any way you like. Its customizable and responsive modern interface is what makes TradingView a preferred choice for most new traders.

TradingView also has a great backtesting feature where you can create your own strategy and backtest it on historical data to get an idea of whether the strategy is profitable or not. TradingView is known for its international appeal as it caters to all markets including crypto, forex, and 52 stock exchanges.

MetaTrader 4 (MT4) Overview

MetaTrader 4 or MT4 is one of the oldest technical analysis platforms in the world launched back in 2005. This also means that it has the advantage of the experience that newer platforms lack. MT4 specializes in the forex market and offers multiple automation and advanced services that facilitate forex trading.

It is one of the best technical analysis platforms for foreign exchange traders. But as a technical analysis platform, it can also be used for analyzing cryptocurrencies. Meta Trader 4 also has a free demo account available where it provides most services for free except for live trading.

It is a downloadable software that can be downloaded on Windows, Mac, Linux, iPhone, Android, and also Huawei. It has also released an updated online software called the Meta Treader 5, but due to the earlier popularity of MT4, most earlier users have stuck with it, thus driving its popularity up. The platform\\\’s main specialty is helping users in automating trades that can be set using various indicators and strategies.

The only dissatisfaction users have with Meta Trader 4 is that it offers almost no direct customer service. Also, being such an old trading software, most users on the platform are experienced professional traders and the software is created to suit their needs, therefore it can be a learning slope for beginners in trading.

We have also covered the post on How to Use TradingView, check it out to learn.

Similarities of TradingView and MT4

TradingView and Meta Trader 4 are very different platforms with different points of strength. While Meta Trader 4 is old software that has years of experience of what traders need and how the market functions, TradingView comes in with a more modernistic approach to trading where Trading is not just another job where people earn money, but an experience where people can study, learn, trade and even communicate with similar minded people.

Meta Trader 4 specializes in not just Technical Analysis but also offers the option for live trading where you can set automated trades that will automatically set off when the conditions are met. TradingView has also partnered with multiple brokers to make trading simpler but it offers no automation services to its users. These are just some of the differences, let\\\’s look at them in detail below.

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Charting platform

Both TradingView and Meta Trader 4 have great charting platforms and provide exceptional features on their charts. But one has to be better than the other and in this chase it is TradingView. Not only Meta Trader 4, but TradingView has the best charting system among all other charting platforms. This is mainly due to its responsive interface where you can scroll through charts, zoom in and zoom out smoothly without any hassle. It also offers multiple chart types like traditional candlesticks, line graphs, heikin ashi, hollow candles, etc. 

Meta Trader 4, on the other hand, is not as responsive and has very buggy old software. The biggest problem users face on MT4 is that when they draw a trendline on a chart, it shifts from its position when they scroll through the chart. This gives a very unreliable and troublesome experience. Also, Meta trader 4 is way too complex for new traders to use and can sometimes be very tiring to use it. TradingView has a very simple interface for its charts that is very easy to understand. 

Technical Analysis Tools

For any trader, technical analysis is very important to understand the price movement and make decisions for future investments. And Technical analysis is impossible without the right technical tools. These tools include technical indicators and drawing tools.

Technical indicators are applied on a price chart to show more comprehensive information of the price movement, momentum, trend, strength, etc., and these are then used to make accurate decisions on entry and exit trades. Examples of technical indicators are RSI, moving averages, MACD, Bollinger bands, etc. Drawing tools are simply tools that can be used to draw anything on the price chart. For example, trendlines, Fibonacci retracement, etc. are the most used drawing tools in technical trading.

For any technical analysis platform, the abundance of these tools is absolutely necessary. Even though Meta Trader 4 calls itself a technical analysis software, it lags behind in the race of similar software offering the best technical analysis tools. All the technical indicators offered by Meta Trader 4 are very basic and outdated. These indicators might have worked back in 2005, but now there are a lot of advanced technical indicators, most of which are available on TradingView.

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TradingView is known for its indicators, It has more than 500 in-built indicators and also features thousands of indicators created by its users. TradingView is not only ahead in quantity but also quality. Every indicator is regularly updated on the platform based on how it is being used in the modern trading system. TradingView also offers a vast number of technical drawing tools that are used to draw various tools which can then be used to study the candlestick patterns and understand the market trend.

User Interface

The interface is very important for regular traders because they need to spend time and money on a platform. If the platform does not have an attractive look to it or feels buggy to use, then the trader might discontinue using it because it may be a reason for the loss.

Along with the look, the user interface must be very responsive to the user’s inputs and also customizable so that they can adjust the platform according to their needs. These things make a platform more attractive for new users as they get to see something new and modern. And for professional traders, the interface should have enough customization options so that they can change the look of the platform as per their needs.

TradingView has one of the best user interfaces among all the trading platforms. It has a very simple, easy-to-use interface with a modernistic look. This makes it very appealing to those people who are about to start trading, particularly the newer generation. TradingView has the most advanced tools for technical analysis, yet it is all packed in the simplest interface. On the other hand, Meta Trader 4 has a very old-school interface. It feels like software that is still in the early 2000s. Meta trader 4 was launched in 2005 and hasn’t received any major update ever. The software is also very buggy and has very few customization features.

Strategy and Backtesting

In order to make successful trades, a trading strategy is absolutely necessary. A good trading strategy limits the number of loss-making trades and increases the total profit and this is done by backtesting.

Applying a particular strategy to the historical data of any particular stock, crypto, or forex at all the possible openings and then analyzing the results & price action, chart patterns in the form of total profits and losses per trade, percent profitable, etc. is called backtesting.

Backtesting is a very lengthy process and would take hours if done manually. Therefore, almost all technical analysis platforms offer backtesting features. But the problem with the Meta Trader4 backtesting feature is that it is very bulky. You need to first enable the backtesting feature from settings and then download all the historical data separately for each stock. Even after all of that, you don’t get a very detailed result on the backtesting.

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TradingView has a great backtesting feature where not only you can use the in-built strategies, but also the strategies shared by other TradingView users, or even create your own strategy, which is relatively simpler than that of MT4. 

Community

TradingView has a very strong community that helps its platform in many ways. TradingView has created its own social media platform solely for traders where they can share their ideas, market insights, indicators, and even trading strategies, on the TradingView community page. This community support is enough to drive a lot of traffic to TradingView as the newcomers wish to study expert’s insights on various stocks, crypto, forex, and other markets. This helps them in deciding where you should invest.

Meta Trader 4 severely lacks this community platform as most of its users are people of age 40-50 and they are not much into these spaces. It also has lost all appeal to the newcomer trading audience.

TradingView vs MT4: Pricing

Both TradingView and MetaTrader 4 offer free trading accounts to their customers. TradingView mainly charges for its multitasking features whereas Meta Trader charges for the live trading features on its platform. 

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Tradingview has a subscription-based plan that starts with $0, and then $14.95/month ($155 per year) and goes up to $599 per year. The major difference between the plans is the multitasking feature. The bigger the plan you pick for, the more multitasking features you get. Apart from that, there are very minor advantages that each plan has over the other. Therefore, it is suggested that you should compare all the plans thoroughly before picking a subscription plan for yourself.

MT4 has a live trading option which is only for paid users who sign up to a broker account along with MT4. It has very complex and confusing for new users.