TradingView Review

TradingView Review: The most famous and comprehensive Tool for Traders

A leading platform for financial charting, social networking, and market analysis with broker integration capabilities.

TradingView Review​

Introduction -- Tradingview review

When it comes to charting solution, TradingView always stand out as the top priority in your list. TradingView is super easy to use but also has advanced features. You won’t feel lost, and it’s not cluttered. You can also arrange your screen how you like it.

TradingView has emerged as a front-runner in the world of charting platforms, offering an exhaustive suite of tools for both the casual investor and the seasoned trader. While it isn’t an exclusive trading platform, its broker integration feature is commendable. But how does it stack up overall? Let’s delve deeper.

Interface & Usability

The user interface is clean and intuitive. Even for first-timers, navigating through the vast array of charts, tools, and other features is a breeze. The platform runs smoothly, making real-time analysis a joy rather than a chore.

Broker Integration

One of the standout features is its ability to integrate with various brokers. This allows users to perform analysis and execute trades without switching platforms. As of September 2021, supported brokers include giants like OANDA, TradeStation, and Alpaca, among others. However, some popular online brokers are notably absent, which may be a hindrance for some. Here is a screenshot of supported brokers at the time of writing.

TradingView Connected Broker 1
TradingView-Connected-Broker-2

Competitive Landscape

When juxtaposed with its competitors, TradingView holds its own, especially against web-based tools. While platforms like TrendSpider and Finviz come close, TradingView’s feature set, combined with its pricing, makes it a formidable contender. The application-based competitors, on the other hand, often come at a heftier price tag.

Features: Fundamental Analysis

Fundamental analysis involves evaluating a security’s intrinsic value by examining various macroeconomic and company-specific factors. TradingView offers more than just charts. Users can deep dive into a company’s financial health, correlating stock prices with key financial metrics.

Below are some of the examples of fundamental analysis made on TradingView;

Macroeconomic Indicators

This includes broader economic factors like interest rates, economic growth (GDP), inflation, unemployment rate, etc.

A standard indicators embedded into TradingView
Industry Analysis

Identifying the current stage of the industry life cycle and understanding industry-specific challenges and growth drivers.

NSE Sector Performance
Financial Statements Analysis

Delving deep into a company’s balance sheet, income statement, and cash flow statement to assess its financial health.

TradingView Financial Statement Analysis
Financial Statement Analysis
Financial Ratios

These are tools to evaluate the company’s profitability, liquidity, solvency, and efficiency. Examples include Price-to-Earnings (P/E) ratio, Debt-to-Equity ratio, and Return on Equity (ROE).

TradingView Financial Ratio
Financial Ratio on APPL

Features: Technicaal Analysis

Tradingview Review: This is where TradingView truly shines. Their technical indicator gauge is comprehensive, covering everything from basic moving averages to advanced oscillators. The real-time ratings based on selected timeframes are a boon for traders making quick decisions.

Below are some of the examples of fundamental analysis made on TradingView;

  • Charts: TradingView offers different ways to look at charts like candlestick and others. This helps you understand the market better.

  • Indicators: You get more than 100 ready-made indicators and can even make your own. This means you can dig deep into your analysis.

  • Drawing Tools: You can draw lines and shapes on your charts to help with your trading decisions.

Special Features

  • Paper Trading: You can practice with fake money before you start with real money.

  • See Different Time Frames: You can look at a single asset in different time periods at the same time.

  • Cloud-Based: Since it’s online, you can check your data and charts from anywhere.

Market Data

TradingView gives you real-time data for many markets like stocks, Forex, and crypto. You also get data from the past, which helps if you want to test a trading idea.

Community and Learning

The community feature of TradingView is awesome. You can share your thoughts on trading and learn from others. You can even follow experts and see what they think.

TradingView isn’t just for trading; you can also learn a lot. They have blogs, tutorials, and webinars to help you get better at trading.

Tons of post are shared everyday on various topics, including Trade Ideas, Education Ideas, Pine Scripts and so on.

TradingView Community

Pricing

TradingView offers a tiered pricing model – from a free version to Pro, Pro+, and Premium plans. Each tier has its unique offerings, making it suitable for different trading needs. The free version, although limited, is a great entry point for novices. Serious traders would find value in the Premium version, given the plethora of features it unlocks.

Other than individual subscrption, you can also access to TradingView Pro/ Premium version by signing up with one of the partnered brokers, below is a quick analysis between these 2.

Should You Subscribe Yourself or Get It Through a Broker?

As one of the most popular tools in traders’ world, when it comes to subscribing the premium version, there are different options as well. You can either subscribe it yourself directly, or simply register an trading account with a partnered broker. There are pros and cons in between, below is some of the editor’s analysis what is the best solution for you.

  • Self-Subscription: TradingView offers various plans—Free, Pro, Pro+, and Premium. You have the flexibility to choose a plan that best fits your budget and requirements. Prices range depending on the level of access you desire.

  • Through Broker: If a broker is offering free access to TradingView’s Pro Broker Version, you could save money. However, make sure you’re not paying hidden costs in the form of higher spreads or commissions.

  • Self-Subscription: You get a standard set of features according to your plan, including advanced charting, backtesting, and a specific number of indicators. While customization is limited to what TradingView offers, the platform is usually rich in features.

  • Through Broker: The Pro Broker Version may come with broker-specific customizations and features like direct trading within charts. However, some standard features might be stripped down, depending on the broker’s agreement with TradingView.

  • Self-Subscription: You get access to the data feeds that come with your particular TradingView subscription. These could be real-time or delayed, depending on your plan.

  • Through Broker: Data feeds could be broker-specific and might offer additional insights or data points that are not available in the standard version.

  • Self-Subscription: You aren’t tied to any broker, which means you can change your broker without losing access to TradingView.

  • Through Broker: Your access to TradingView is tied to your brokerage account. If you change brokers, you may lose your TradingView access.

  • Self-Subscription: You get full access to TradingView’s large community, including public forums, chat rooms, and idea sharing.

  • Through Broker: Tradingview Review: Broker-specific versions may limit your access to TradingView’s public community features, focusing instead on their own in-house community.

  • Self-Subscription: Standard customer service is available, including FAQs, live chat, and email support.

  • Through Broker: If issues arise, you may have to go through your broker’s customer service, which could be a pro or con depending on their quality of service.

Conclusion

In a sea of trading and charting platforms, TradingView stands tall, largely due to its blend of comprehensive features, user-friendly interface, and competitive pricing. While there are certain areas of improvement, notably the inclusion of more brokers, it’s a platform that caters to most, if not all, trading needs. Whether you’re dipping your toes into the world of trading or are a seasoned pro, TradingView offers tools that are both powerful and accessible. 

It’s a enriched software with tons of functions, and constant update. We would advice you to check the website directly to learn more about the power of TradingView.

www.tradingview.com

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