TradingView is a well-liked platform for charting, analyzing, and buying and selling varied monetary devices, reminiscent of shares, cryptocurrencies, commodities, and foreign exchange. With its big range of options and a big group of merchants, it has turn into a go-to useful resource for each rookies and skilled merchants.
However, a query that arises amongst customers is: “Is TradingView legit?” In this text, we are going to delve into the options, reliability, and fame of TradingView that can assist you make an knowledgeable determination about utilizing this platform.
Learn More About TradingView
Company Background
TradingView was based in 2011 by Stan Bokov, Denis Globa, and Constantin Ivanov, with the aim of offering a user-friendly, complete, and accessible platform for monetary evaluation and charting. The firm’s headquarters are positioned in Westerville, Ohio, USA.
Initially, TradingView centered on offering a robust charting instrument and social community for merchants, permitting them to share concepts, insights, and techniques with one another. Over time, the platform expanded its choices and now helps a variety of economic devices, together with shares, cryptocurrencies, commodities, and foreign exchange.
Today, TradingView is understood for its intuitive interface, intensive vary of charting instruments, and a vibrant group of merchants and traders. It has turn into a well-liked alternative for each rookies and skilled merchants, providing varied options like customizable charts, technical indicators, drawing instruments, and a built-in scripting language, Pine Script, for creating customized research and techniques.
The firm has additionally fashioned partnerships with main monetary establishments reminiscent of Nasdaq and the London Stock Exchange, which leverage TradingView’s know-how for their very own charting instruments. TradingView continues to develop and innovate, constantly enhancing its platform and person expertise to satisfy the evolving wants of the buying and selling group.
Features and Functionality
TradingView gives an in depth suite of instruments for technical evaluation, together with customizable charts, varied technical indicators, and drawing instruments. Users can create their very own customized watchlists, set worth alerts, and even develop their very own buying and selling methods utilizing the platform’s built-in scripting language, Pine Script.
Additionally, TradingView helps a number of chart varieties, reminiscent of candlestick, bar, and line charts, in addition to extra superior charts like Renko, Kagi, and Point & Figure.
One of the distinctive options of TradingView is its social community, the place customers can share buying and selling concepts, comply with different merchants, and interact in discussions about market developments and techniques. The platform additionally gives a market for premium indicators, methods, and providers, permitting merchants to entry superior instruments and assets to boost their buying and selling expertise.
Pricing Options
TradingView gives a variety of pricing plans to go well with completely different wants and budgets. Here is a breakdown of the completely different plans and their prices:
- Free Plan: TradingView gives a free fundamental plan with restricted options, together with entry to real-time information for shares, foreign exchange, and cryptocurrencies, as much as three indicators per chart, backtesting, simulated buying and selling, prolonged buying and selling hours, and one saved chart format. The free plan additionally consists of entry to TradingView’s social buying and selling options which might help present potential commerce concepts.
- Pro Plan: TradingView’s Pro plan prices $14.95 per thirty days and gives extra options, together with as much as 10 indicators per chart, limitless saved chart layouts, entry to real-time information for futures and indices, customized time intervals, customized scripts, and extra.
- Pro+ Plan: TradingView’s Pro+ plan prices $29.95 per thirty days and gives much more options, together with as much as 30 indicators per chart, entry to real-time information for all markets, precedence buyer assist, and extra.
- Premium Plan: TradingView’s Premium plan prices $59.95 per thirty days and gives probably the most superior options, together with as much as 50 indicators per chart, entry to historic information, intraday unfold charts, and extra.
In addition to those plans, TradingView additionally gives a variety of add-ons and information feeds for customers who want extra superior options or entry to extra markets.
TradingView’s pricing plans are designed to be versatile and scalable, permitting merchants and traders to decide on the plan that most closely fits their wants and price range. The platform’s free plan and vary of paid plans make it accessible to merchants and traders of all ranges, from rookies to superior merchants.
Reliability
TradingView’s reliability is obvious from its strong infrastructure and information sources. The platform depends on a number of information suppliers, reminiscent of BATS, NASDAQ, and NYSE, to make sure correct and up-to-date market information. Moreover, TradingView’s cloud-based system permits customers to entry their charts and settings from any machine, offering seamless buying and selling experiences throughout desktop, pill, and cellular app.
Security can be a high precedence for TradingView. The platform makes use of SSL encryption to guard person information and guarantee safe communication between the person’s machine and TradingView’s servers. Additionally, the platform gives two-factor authentication (2FA) as an optionally available safety measure, including an additional layer of safety to person accounts.
TradingView Competitors
While TradingView has gained vital reputation, there are a number of different platforms and instruments that function its opponents. Some notable alternate options embrace:
Thinkorswim: Developed by TD Ameritrade, Thinkorswim is a complete buying and selling platform that helps shares, choices, futures, and foreign currency trading. It gives superior charting instruments, a variety of built-in technical research, and customizable research. In addition, Thinkorswim gives highly effective scanning and screening instruments, in addition to a paper buying and selling characteristic for apply.
eSignal: eSignal is a paid charting and buying and selling platform that provides superior technical evaluation instruments, real-time information, and a customizable interface. It helps varied asset courses, together with shares, choices, futures, and foreign exchange. eSignal additionally integrates with quite a few brokers for order execution and gives an unlimited library of third-party add-ons.
StockCharts: StockCharts is a web-based charting platform that provides a variety of chart varieties, technical indicators, and drawing instruments. It additionally gives market commentary, evaluation, and academic assets for merchants and traders. While StockCharts primarily focuses on shares, it additionally helps ETFs, mutual funds, and indexes.
Limitations
While TradingView has many strengths, it is very important acknowledge a few of its limitations. The platform’s main focus is on technical evaluation, which can not attraction to merchants who depend on basic evaluation or different buying and selling kinds.
Additionally, TradingView doesn’t provide direct integration with all brokers, which can restrict the platform’s attraction for merchants who want to execute trades instantly from the platform. Users must also be cautious when following buying and selling concepts and techniques shared by different customers, as there isn’t any assure that these concepts will likely be profitable or appropriate for his or her particular buying and selling type.
Final Thoughts – Is TradingView Legit?
Based on the intensive vary of options, dependable market information, strong safety measures, and a stable fame, it’s secure to say that TradingView is certainly a respectable platform for merchants and traders. It gives a complete suite of instruments for technical evaluation and social buying and selling, catering to a large viewers of market contributors.
Ultimately, the platform’s legitimacy and deciding if TradingView is value it, will depend on your particular buying and selling type, wants, and preferences. So, it’s essential to judge whether or not TradingView aligns along with your buying and selling targets and necessities earlier than making a choice.
TradingView is a good and dependable platform that has earned its place as a go-to useful resource for energetic merchants worldwide. With its big range of options, instruments, and assets, TradingView could be a worthwhile asset for each rookies and skilled merchants trying to improve their market evaluation and decision-making capabilities. Click right here to get began at the moment.
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