TradingView Review: The Best Freemium Charting for Active Traders?

Full TradingView Review

TradingView charts are used by tens of thousands of active traders daily. Information is presented in real-time and investors can choose from a variety of the most popular charts. Most of the information is available for free.

TradingView is best for:

• Active traders
• Fee-conscious investors
• Traders who want to be part of a community

Are you obsessed with charts and want the most in-depth technical analysis tools available?

TradingView charts are used by tens of thousands of active traders daily. Information is presented in real-time and investors can choose from a variety of the most popular charts. Most of the information is available for free.

The platform can be used by traders all over the world and Stan Bokov’s freemium, community-driven model is one of the most tantalizing offerings in the investing world today.

Keep reading to find out more about the platform in our TradingView review.

What is TradingView?

TradingView charts consist of a web-based charting package and a social media network of traders. Founded by the same people who produced MultiCharts,

TradingView offers everything you would expect from a premium level charting suite. In addition, it has the the portability to operate on mobile devices.

The wider trading community at TradingView is useful for discussing strategies, indicators, and trading ideas.

TradingView Features

Our review of TradingView can’t praise the quality of the charting options enough. Beginners and journeymen investors have everything they need with the free program. It’s the ultimate technical analysis platform for making stock picks.

HTML5 Charts

Create simple HTML5 charts for tracking your preferred stocks. Investors can create dynamic charts tracking whole market sectors.

The software also allows you to draw on your charts, which is something rarely offered by other charting software options.

Stock Alerts

Choose from 12 different criteria for stock alerts. All alerts are sent out server-side direct to your computer or mobile device. If a stock price reaches a certain level, you’ll know about it instantly in real-time.

Stock Screener

Looking for inspiration? TradingView’s stock screener allows you to search for stocks based on specific criteria. They give you the option of being as in-depth or as broad as you like when looking for new investments.

Customized Analysis

Do you want to have more control over how you analyze different assets?

For advanced TradingView users, it’s possible to get custom analysis. The platform has its own programming language, known as Pine script.

You can use Pine to create your own charts and indicators. This is an excellent feature for those who want to go beyond the default features of the platform.

Quick Technical Analysis Tool

Don’t have time to conduct your technical analysis through custom charting? TradingView provides a quick technical analysis tool for an immediate view of how an asset’s value may change over time.

TradingView utilizes common technical analysis to provide an informed prediction on an asset’s future price, such as:

• Pivots
• Oscillators
• Moving averages

The results are displayed according to a scale of whether to buy or sell. These indicators range from “strong buy” to “strong sell.”

Users can alter their results by switching between different time frames. They can be as short as one minute or as long as a month. Whether you’re a long term trader or a scalper, there’s value to be found through the quick technical analysis tool.

Active Trading Community

Investors often like to discuss their ideas with other active traders. The TradingView investing community regularly collaborates and shares ideas on what’s going on with the market.

Whether you need some extra help or want to learn something new, this is an invaluable font of knowledge. Indeed, engaging with the community is a great way to start trading.

Large Knowledge Base

TradingView also caters to novice investors. Users will notice interactive information pods across the website. Hover over them or click on the drop-down boxes for more information on what potentially new trading concepts mean.

If you’re looking for additional learning opportunities, TradingView has its own wiki. Use the wiki to find out more about how different tools work.

Paper Trading

Even if your brokerage isn’t partnered with TradingView, you can still indulge in paper trading on the platform. This is a great option for traders who want to get used to integrating the platform’s features into their trading strategies for the first time.

Through TradingView’s paper trading feature, you can trade stocks, Forex, and cryptocurrencies. These portfolios require no real money to be deposited, so it’s an excellent skunkworks for learning the platform, honing your craft, and trying out new experimental strategies.

Investor Live Streams

TradingView’s newest feature is its investor live streams. If you want to learn by watching the masters at work, you can follow along with professional traders. Live streams also include a chat, where you can interact with the host and your fellow traders.

If you’re unable to attend a live stream, all previous live streams are archived, so you can watch them at your leisure.

Reviews on TradingView reveal these professionals are legit and their live streams are an excellent tool for refining your trading strategy.

TradingView Pricing

Most reviews on TradingView are split on whether it’s worth paying for the premium membership levels. We believe that the majority of investors can make gains with the basic membership level.

If you do opt to pay for premium TradingView services, you can get a discount on your membership by paying for a whole year in advance.

Free – One chart per layout and one server-side alert with three indicators on one device. Free users can access the community, as well as a variety of global data. The big downside is free users cannot access customer support.

Pro ($9.95-$14.95/month) – The pro account offers ten alerts and five indicators for every chart. An ad-free experience is included. In truth, this package isn’t worth the price.

Pro+ ($19.95-$29.95/month) – Gain access to customer service, four chart layouts, and more alerts. You can also use Renko, Line Break, Figure, and Kagi charts with this package. You also gain the ability to create fully customized charts.

Premium ($39.95-$59.95/month) – The premium plan unlocks all of TradingView’s features. This includes 200 alerts, 25 indicators on every chart, eight charts per layout, and priority access to customer support.

TradingView FAQ

Have questions about TradingView? Here, we answer some of the most common concerns.

Can I Trade on TradingView?

TradingView supports a limited number of brokerages. If you hold an account with a supported broker you can trade with TradingView. Most investors will need to buy and sell with third-party platforms, however.

Is TradingView Market Data Real-Time?

Yes, all data is updated in real-time, so you can get the latest information. There’s no time delay, even for free users.

Does TradingView Support Crypto Investing?

Many investors have grown interested in cryptocurrencies like Bitcoin. As of 2020, TradingView now supports crypto investors through charts and trading through supported brokers.

Is Customer Support Available with TradingView?

Unfortunately, customer support at TradingView leaves a lot to be desired. The only way to contact customer support is via the on-platform messaging system. Although chat is available 24/7 and includes a comprehensive FAQ section, it can be difficult to deal with more complex issues via the customer support department.

How Effective is TradingView on Mobile?

TradingView’s mobile app aims to mirror the same functionality as TradingView on desktop. The mobile app includes real-time market data, push alerts, and full account synchronization. Overall, TradingView’s app is innovative, and investors can trade through it with confidence.

Learn more about the TradingView mobile app here.

Is TradingView Right for You?

In line with other reviews on TradingView, we believe that the platform is an excellent source of data and analysis. With tools to support both newer and experienced investors, TradingView far surpasses its competitors.

However, the value inherent in some of their premium membership levels is questionable. Only a small number of investors will find value for money, particularly in its Pro membership program.

Overall, we consider TradingView charts to be essential for any serious investor.

Check out TradingView, create a free account, and start picking winning stocks.