Michelle Morgan

My Opinion on TradingView & Finviz For Day Traders

Key Benefits Of Using Finviz As A Day Trader

Are you a day trader or hoping to become one? If so, then you should open an account with Finviz. Think of Finviz as being a portal to a wealth of information. With that said, here are a few key benefits of using Finviz as a day trader.

Pre-market Data & Real-time Data

When you join Finviz and you open an Elite Account, then you can find real-time data in various sections, such as stock screener, homepage, maps and stock quotes as well as charts. You’ll also have the ability access pre-market sessions. Doing these things may very well increase your success as a day trader.

Advanced Charts

If you want to be a successful day trader, then you need access to charts. Not just any kind of charts, but advanced ones. With Finviz, that is exactly what you’ll get.

You will notice that the charts provided via Finviz contain deep analysis. For example, you’ll be shown intraday charts that you can study so you know what move you should make next. Not only that, but the charts contain indicators and overlays as well as drawing tools. You can use the performance comparison charts too.

Backtests

Another major benefit of using Finviz as a day trader is you can use backtest, which can help you take a look at your trading strategies before you put them into action on the real market. The platform offers you things such as over 80 technical indicators. Over 15 years of historical data is provided too, and you can compare with SPY benchmark. We believe this will be one of your favorite features once you join Finviz.

Advanced Screener

You’ll love using the stock screener feature because as a day trader you want useful tools such as this one. It allows you more options for analyzing filtered stocks and this includes advanced charts and statistics view. It also includes data export and customized filters.

Much More

When you join Finviz Elite, you’ll have access to much more than the above. You’ll receive all the tools and information you need to increase your chances of making successful trades. Do bear in mind there are three levels of subscription, but you should get the highest level one, that way you can access all of the features available.

Beginner and experienced day traders alike should use Finviz. As you can see, there are a number of benefits of using Finviz as a day trader. If you want to experience all of the potential benefits, then open an account at Finviz today.

Learn How To Use Trading View Software And Practice Virtually First

There are different types of charting software available to day traders. What’s special about Trading View? The TradingView software is quite popular, and it’s said to be user-friendly, too. Naturally, traders need to be on their A-game if they are going to realize profits. Still, the tools and resources available via TradingView are supposed to be very helpful. How do you use the software?

This product is listed as web-based. It matters what charts you look at and how you read them, and that is one thing about Trading View. Plus, it’s not just stock charts that you view on this platform. You also can view commodities, bonds and much more. You can even get an up-close look at the cryptocurrency market. Do you also trade Forex? If you do, you can look at currency pairs as well.

With Trading View, you’re able to look at just about every chart that you can imagine. As mentioned, what’s on that chart is what matters. You want all the details, and you want to know how to read the charts best as a day trader. With software like this available to you, you might be wondering how much it costs.

There are three levels available, and they are pro, pro+, and premium. You get to decide which level works for you based on how you want to use Trading View. The levels range from $9.95 on up to $39.95. If you know about desktop-based software, you know this can be an affordable alternative being web-based and all.

You’re going to use those charts to take a close look at volume, as well as moving averages and all other technical trading factors. You get one highly specific stock screener, and it features over 100 fields, allowing you to be very selective. It’s not just US markets you get to take a look at either, as you already know. You have full access to the foreign markets, too.

Let’s say you start accessing Trading View, and you learn a lot more about trading. You develop certain strategies, and you want to try them out. Would you feel more comfortable trying them out virtually first? You can do that with Trading View. The only thing you don’t get is Level 2 Data, but trading is still possible without that data. It’s up to you and how you want to handle your day trading efforts. If you want to learn more about this software consider reading a full in-depth TradingView review.

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