Should I use thinkorswim or TradingView? (2024)

Should I use thinkorswim or TradingView?

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

Is thinkorswim better than TradingView?

TradingView has a more user-friendly and modern interface, while thinkorswim has a more advanced and customizable interface. Both platforms offer a web-based version as well as a desktop and mobile version.

Is there any platform better than TradingView?

TrendSpider offers an advanced, ad-free experience that stands out from TradingView and other competing products.

Do professional traders use TradingView?

Professional traders visit forums like TradingView. They use these online spaces to talk about trading strategies, share ideas, and learn from others. On these platforms, traders of all levels, including experts, come together to chat and learn.

Is TradingView the best for trading?

TradingView is the best charting platform on the market. It's fast, powerful, reliable, and extremely easy to use. That's why it's used by more than 50 million traders worldwide. If you're an active trader and are serious about your trading, you should try TradingView Essential or Plus.

Is TradingView best for beginners?

Yes, TradingView is a versatile platform that allows users to perform technical analysis and execute trading strategies. Traders can analyze charts, use various technical indicators, and develop custom strategies using TradingView's scripting language called Pine Script.

Why do traders use TradingView?

TradingView is primarily used for financial market analysis, offering advanced charting tools, technical indicators, and social networking features to help traders and investors make informed decisions across various asset classes such as stocks, forex, commodities, and more.

Who is TradingView's biggest competitor?

Which broker works best with TradingView?

What broker should I use with TradingView?

Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported. For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview. There is also integration for leading crypto exchanges like Coinbase, Binance and FTX.

What are the disadvantages of TradingView?

Some of its key disadvantages include: Limited customization: While TradingView offers a wide range of charting options, some traders may find the platform's customization options to be limited compared to other charting platforms.

Can I day trade with TradingView?

To be more well-rounded in your approach, it helps to have a watchlist, alerts, leaderboards, news, indexed ideas, and even social forums to bounce your ideas off other traders. TradingView provides all of the above and more to help you day trade from a wider perspective and a broader context of ideas.

Why is TradingView so popular?

TradingView has become so popular because it allows traders to share their work and insights, learn from other traders through its communities, give feedback on others' ideas, and see what other traders are working on in real time.

How much should I pay for TradingView?

Free - Limited features but provides core charting and analysis tools. Pro - $14.95/month or $155.40/year. Upgrade for more indicators, alerts and customization. Pro+ - $29.95/month or $299.40/year.

What is the most powerful indicator in TradingView?

What is thinkorswim used for?

thinkorswim desktop

The flagship of the platform suite, this fully customizable software provides access to elite trading tools that give you the power to test your strategies, develop new ideas, and place even the most complex trades.

How many traders use TradingView?

We're TradingView, a charting platform and social network used by 60M+ traders and investors worldwide to spot opportunities across global markets.

Do you have to pay to trade on TradingView?

The good news is you can use TradingView for free. In our opinion, this is a user-friendly option for beginners, but if you plan to be an active trader (or just hate ads), it is worth upgrading to a paid plan.

What is better than TradingView charting?

Koyfin is the TradingView alternative. Koyfin's powerful financial analysis tools, customizable charts, and flexible pricing options make it a top choice for investors seeking an alternative to TradingView.

How to get TradingView Pro for free?

Email us. Email us at info@fxcmmarkets.com and claim your free TradingView Pro account, quoting FREETRADINGVIEWPRO in the subject line. Please make sure you also include your TradingView username and your FXCM account number in the email.

Can you have multiple charts on thinkorswim?

Like several other thinkorswim interfaces, Charts can be used in a grid, i.e., you can open multiple Charts instances in a single layout.

Which broker gives TradingView free?

In fact, Dhan is the only broker in India that allows you to place orders from the Trading Panel on TradingView. Follows the steps below to get started: - Open a Dhan Demat Account.

What is the minimum deposit for TradingView?

What is the minimum deposit? There is no minimum deposit required to create a TradingView account. Is TradingView suitable for beginner traders?

Should I trade on TradingView or MT4?

Conclusion: Embracing the Right Trading Platform

MT4 is a reliable and user-friendly platform for beginners and experienced traders, while TradingView is a powerful tool for technical analysis and social trading enthusiasts.

How much is TradingView per month?

TradingView prices are structured with four subscription plans: Free, Essential, Plus, and Premium. If you pay monthly, the prices range from $14.95 to $59.95 per month. You can also pay annually for a discount and get TradingView as low as $12.95 per month.