The trader's figure has become increasingly popular in the financial world, bringing with it many platforms to support the operations made by traders or enthusiasts looking to get started in this world. One of the most popular and widely used platforms is TradingView, where you can analyze financial markets, and it offers many benefits and tools to users.
TradingView: the best app for technical analysis
TradingView is a platform for analysis and trading of financial markets that can not miss in the arsenal of tools of any trader or financial analyst. Both in the app and on the web, it provides a wide range of technical analysis tools to optimize decision-making. From advanced charting to custom indicators, TradingView makes it easy to identify key patterns and trends.
Let's take a look at the app's features:
- Advanced analysis tools: TradingView provides a variety of indicators and technical analysis tools. Some of the most popular indicators include moving averages, RSI, MACD, and Bollinger Bands. In addition, users can apply drawing tools such as trend lines, Fibonacci, and candlestick patterns for in-depth technical analysis.
- Interactive charting and customization: the platform offers interactive and customizable financial charts that allow users to visualize and analyze market movements efficiently. You can easily adjust layouts, change colors, line styles and time periods.
- Real-time data: TradingView partners with high-quality data providers to ensure that information is accurate and updated in real-time.
- Access to multiple markets: TradingView provides access to a wide range of global markets, including stocks, indices, cryptocurrencies, forex, bonds, and futures. This way you can monitor different asset types from one place.
- Community and interaction: one of the most outstanding features of TradingView is that traders will be able to share their analysis and charts with other people. Therefore, you can receive feedback or ideas from your team or other people to complement your analysis.
- Accessibility from any device: the platform is available on both the mobile app and web browsers, so you can synchronize your account from any device and access your data anytime, anywhere.
TradingView Subscription Plans and Pricing
While the free version is sufficient for those who are starting out in the world of trading, the reality is that you may need the premium version and a subscription to one of their plans to be able to perform more advanced tasks. Paid plans unlock features such as access to more complete historical data, customizable alerts, multiple charts per view and the removal of ads. Advanced plans can be quite expensive, but a 30-day free trial option is usually available so you can decide if that plan works for you.
App design vs. web design
The app design and interface is more compact and optimized for touch screens. Although it has some limitations in terms of customization and display space, you will be able to receive notifications and access your analysis from anywhere without needing to be at your computer. On the other hand, the web version stands out for its wide interface, allowing you to perform more detailed operations and access more advanced tools.
Is TradingView worth using?
The platform offers many features that are useful both for users who are just starting out and for those who are already more advanced. For beginners, it can be especially useful when starting to learn chart analysis.
However, once you need to compare data and perform more in-depth tasks, the free version will fall behind. You can't compare graphics at the same time or have many indicators per chart, among other things. For the person who is just starting to use either the app or the desktop version, it can be a bit frustrating to have to pay a high price to access advanced tools, but it all depends on the type of analysis the user wants to perform.
Pros:
- It is available on Android, iOS, and web browsers.
- You can access your data from anywhere.
- Device performance is very good.
Cons:
- You will need a subscription to do advanced tasks.
- The interface is more compact in the app.
- Subscription prices are quite high.