The Top 5 Reasons To Use TradingView For Share Trading

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TradingView is a cloud-based charting platform plus a dynamic social networking site of 30M+ global traders and investors. The platform offers basic plus advanced charting and analysis tools for enriching the traders’ journey. On this platform, its vast user community also gets to discuss and share ideas, and spot global market opportunities. This makes it a popular one-stop, versatile online share trading platform for both beginners and seasoned traders. Let us then explore the top 5 reasons that make this platform a popular choice for share trading.

Top 5 Reasons To Conduct Share Trading On TradingView

#1 – Customized Trading Charts

The platform offers robust charts right from basic to advanced charts for you to help undertake trading analysis. For example, HTML5 chart types are available that help to make simple charts for tracking one or two shares or multiple charts for tracking shares across different markets. Likewise, about 12 types of customizable charts are made available that help you to gather information about the current stock price to analyze the patterns based on historic information of the stocks, and so on.  

#2 – Dynamic Technical Tools/Indicators

The platform offers advanced technology to help its users undertake trade analysis based on the latest trading concepts. It offers over 100 inbuilt trade indicators, above 50 intelligent drawing tools, and candlestick pattern recognition tools, along with advanced market analysis. For example, for its advanced users, the platform provides Pine ScriptTM – a programming language that allows them to develop customized charts and indicators. Users thus get a high level of flexibility to conduct their share trading analysis.

#3 – Robust Set-up Alerts

Powered by Pine ScriptTM, the platform offers informative set-up alerts. There are 12 alert conditions that are sent to users for alerting them about various market conditions like price, indicators, and so on. With the platform made available across all devices including desktops and iOS devices, it can easily help its wide user base to be alert and take advantage of evolving market conditions.

#4 – Comprehensive Financial Analysis

The platform allows you to conduct an in-depth financial analysis of stocks across key global stock exchanges. Based on the plan chosen, it offers its users access to financial statements, valuation analysis reports, historical data of stocks, and the like. The various charts available help you to undertake real-time trading strategies and also manage your orders. Beginners get to practice trading stocks with the help of paper trading, without the need to use real money. This helps them fine-tune their share trading skills.

#5 – Wide Global Networking

The platform caters to a wide global trading and investor community. You also get to directly conduct trading with brokerage firms. For example, the platform’s robust social network software enables beginners to learn new trading concepts, research market volatility, chat, and evaluate stock performances. Likewise, trade experts can get their reports published.

To Sum Up

TradingView is an excellent platform for both beginners and active traders who want to optimize their returns from share trading.

Disclaimer: This blog is not to be construed as investment advice. Trading and investing in the securities market carries risk. Please do your due diligence or consult a trained financial professional before investing.

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