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.