TradingView Review 2023: Is It a Reliable Investing Tool?
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Investors would prefer to employ the stock market screener to help them identify the potential investment opportunity by looking at the stock chart and other essential information when it comes to stock market investing.
There are many stock market investing tools that are available for traders and investors, but the big challenge is to select the right one that provides the comprehensive tool and other features to satisfy their investing requirements.
The purpose of the article is to provide comprehensive information regarding one of the best investing tools, Tradingview. In particular, you will learn its features, pricing, and other functionalities to help you make an informed decision about choosing the right investment tool.
Table of Contents
- Traders and investors can either access the Tradingview app or website as a stockmarket screener.
- Tradingview offers a free version with ads included for traders.
- The premium versions have advanced features and comprehensive analysis for traders.
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1. What is TradingView?
Tradingview is one of the leading stock screener platforms that provides a comprehensive analysis of stock market research for traders and investors to highlight potential investments. In particular, members are eligible to access the stock charting tool and other essential financial information when it comes to searching for potential investments.
At the time of writing, the platform has more than 30 million visitors each month, which highlights its global reputation as one of the finest charting platforms in the market. Note, Those 30 million traders come from all over and use the platform to search for stock investment opportunities.
By using the TradingView platform, traders and investors can access to cross-range of investment markets as it is considered the all-in-one tool for different types of investors. For example, Forex, Bond market, cryptocurrencies, and stocks markets are available on the platform for investors to spot the opportunity.
2. How does Tradingview work?
TradingView offers the two main stock screener tools for investors to access and search for essential financial information on equities. Specifically, traders can either use a web browser to access the platform on their desktop or use the TradingView app as an alternative way.
Using the web browser to access the platform via desktop will give you additional advantages, which you may not find in the TradingView app. In particular, users are able to find the comprehensive financial report of certain stocks using the website such as financial statements, profit margin, and cash flow.
Interestingly, traders are allowed to use the free version straightaway without any registration requirement. However, they need to sign up for at least a free membership to create a stock watchlist for their long-term investment.
TradingView also offers a monthly subscription for premium service, which allows traders to access comprehensive chart tools, multiple charts, multicolor highlights on a watch list, and other features.
One of the great benefits of becoming a member is to join the TradingView community, where investors and traders can access the trade ideas from other authors and investors. Hence, it helps them to improve their general knowledge about stock selection.
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3. How to open an account with TradingView
The process of creating an account is simple and straightforward. Investors only need an email address to complete the sign-up and they are ready to use the free version.
The pro features may be best for investors who need more complex information and features. Hence, they can make better and more informed decisions over investment.
TradingView offers a free trial for 30 days for a pro version, you can use our link to complete the sign-up process.
4. TradingView Pricing
TradingView offers both free and paid versions that users can select the right one to suit their investment needs.
With paid versions, there are three different options. The more advanced features and benefits equal having higher plans, which allow you to find better investment opportunities.
Here is the list of different plans in terms of different pricing and features for your consideration.
- Free Version: obviously it is free to use. Users are able to access the stock chart and other essential financial information. However, as a free member, you can’t access other advanced features such as comprehensive charts, social networks, export chart data, etc.
Investors with the free version can create their own stock watchlist and are able to multi-color them in different tags, which makes it easy for them to monitor stocks from different sectors over time.
You may get advertising ads, which you may find unsatisfied with the free plan.
- Pro version: the starting price is at 14.95$ per/month. There are additional benefits of the pro version, which include free disturbing ads, access to volume profile indicators, and much more.
This plan allows investors to see 5 indicators of market movement per chart. It also enables them to open two charts in one window web browser.
- Pro+: the starting price is at 29.95$ per/month. This plan is suited for professional traders who can find at least 10 market movement indicators from the TradingView chart.
- Premium: the starting price is at 59.95$ per/month. With this premium plan, traders will receive the maximum benefits that the platform provides. Hence, it’s best for advanced and professional investors.
There is a cheaper alternative for investors if they select the annual subscription.
As mentioned earlier, traders are entitled to claim a 30-day free trial for selecting any of the premium plans. It allows them to figure out the right plan for their investment needs.
The platform allows members to cancel the paid version at any time if they wish to do so. In other words, it will not renew your next bill cycle after the confirmation of your cancelation of using the premium service.
5. Is the platform worth it?
TradingView is considered a great stock market analysis platform that provides complex financial information and stock charts for traders to get familiar with the markets.
From the free version to paid ones, traders can access several indicators in the chart, which may give you an idea of the market movement. If you think the free version or premium version is good enough to provide sufficient data, then you can use it to learn more about the markets.
As mentioned earlier, the platform has more than 30 million visitors each month, which highlights the popularity of the platform in the market.
However, TradingView concentrates more on the technical analysis factors by giving sufficient charts and indicators. Hence, it’s an excellent choice for investors and traders who prefer to work more from a technical analysis perspective.
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6. TradingView Pros and Cons
The followings are the pros and cons of using the TradingView app and a website that helps you to highlight the movement of the market.
- The free version is sufficient for beginners to learn more about the markets.
- It’s easy to use in terms of reading stock charts and other financial information.
- The platform has more than 30 million visitors per month.
- It’s considered an excellent stock market screener as it covers different markets
- The platform sometimes does not update the stock chart properly.
- Traders are not allowed to use the multi-collar tag with the free version.
Overall, the TradingView platform is a good stock market screener besides Yahoo Finance, which provides a sufficient technical analysis of the stock charts and other financial information for traders and investors to learn more about the market movements.
The TradingView chart includes some technical indicators, which share by other traders and investors from all over the world. In particular, you can join the community to learn more about the chart indicators and get ideas from their perspective.
The premium versions have advanced features and comprehensive analysis for professional traders. It’s because it provides some advanced technical analysis regarding stock charts and other indicators to spot the market opportunity.
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By Jiro Nguyen.
The content is only based on the author’s personal opinion and experience. It is for informational purposes only, and it does not rely on as a comprehensive or a substitute for professional advice.
Is there any free version of using the TradingView app?
Yes, it offers a free plan for traders to use both the TradingView App and website. Hence, the platform is one of the great investing tools to help you make money investing.
How Do I Contact TradingView?
With the TradingView membership, members are able to get in touch with the customer service team by submitting a ticket form.
What are the other paid plans of TradingView?
Besides the free version, there are other paid plans that are available on TradingView, which are Pro, Pro Plus, and premium.