In this TradingView markets review, we’ll take a look at some of the features of this comprehensive research platform. TradingView offers a free live demo account, a yearly subscription, and even swap-free accounts for Islamic traders. So whether you’re new to the market, or an experienced investor, you’ll find several valuable tools in this platform.
TradingView is a comprehensive research platform.
TradingView is a comprehensive research platform that allows users to create and manage multiple charts in real-time. In addition to charts, it also features indicators and trading rules. Its premium version offers additional features and functionalities, including an invite-only indicator and up to 20,000 bars per graph. The platform supports customized time intervals, second-based data, and 25 indicators on a single chart.
The platform also has a free version that lets you browse the site and use the platform for limited functions. This plan allows you to chart various financial data, including global currency pairs, stock exchanges, and cryptocurrencies. It also supports bar replays, which are especially useful to day traders who need to see the progress of a price setup.
It offers a free live demo account.
For new investors, a free live demo account can be beneficial. It allows you to trade for free and practice executing trading orders without risking your actual funds. This type of account lets you see whether or not you like a particular broker. You can use the account for as long as you want before you decide to make a deposit.
Many demo accounts come with a virtual $100,000 balance, significantly less than a real brokerage account. Because of this, it is essential to adjust your settings to the actual value of your trading account before you make a deposit. Once you’ve adjusted your settings, you can start trading in live markets with real money. You can also adjust your spread, which is the difference between the Ask and Bid price in the order book. Be sure to avoid trading stocks that have a high spread.
It offers a yearly subscription.
The annual subscription plan for TradingView is an excellent option if you’d like to save money. The yearly subscription can save you up to 16 percent. The best part about the yearly subscription plan is that you’ll only have to pay once a year instead of monthly.
There are two tiers of paid membership plans: basic and pro. The basic plan offers a limited number of features. For example, the primary account offers one chart per layout, one alert, three indicators, and access to global data. The premium plan adds more data and allows users to simultaneously use the platform on multiple devices.
It offers swap-free accounts for Islamic traders.
Several brokers offer swap-free accounts for Islamic traders. Some will require clients to be residents of an Islamic country. Others will only accept applicants who can produce a document from their mosque proving their Islamic faith. These brokers are an excellent option for traders with a halal lifestyle who want to avoid dealing with high commission rates. FP Markets offers an easy process to switch to an Islamic account. If you already have a MetaTrader 4 or MetaTrader 5 account, email your number to FP Markets, and they will convert it for you.
AvaTrade, a global forex brokerage, has an Islamic trading account available for clients concerned with the issue of interest. While this account type is considered complex by Regulatory Bodies, it allows Muslim traders to use it to trade in the forex market, using the same trading strategy as non-Muslim traders. In addition, the company offers a dedicated account manager who will assist with the switch. The process is generally completed within a few days.
It offers extended trading hours.
If you’re a day trader and want to increase your earnings, you might consider using an online trading platform like Tradeview markets. The platform features an extended trading hours option to place orders after regular market hours. During extended hours, orders will be processed immediately and filled when the regular trading session opens. This feature is also helpful for traders who want to test a strategy before making any real-time trades.
Tradeview markets’ trading hours are based on the European time zone. They open at 5 pm on Sunday and close at 4:55 pm on Friday. Trading hours are different for the commodities, indices, and forex markets. The indices market is open twenty-four hours a day, while the forex market is open twenty-four hours a week. The company is based in the Cayman Islands and is regulated by the Cayman Islands Monetary Authority. The company does not offer accounts to US residents but accepts traders from all countries.
It offers a community of traders.
TradeView is a trading platform with a social community for traders. The company’s mission is to empower traders with information, tools, and services to make better trading decisions. The user-friendly platform lets traders customize indicators and alerts to specific levels. The platform also has a glossary of terms and can help traders understand what a particular market is saying.
TradingView has a free plan that allows users to browse the platform. The free plan doesn’t give users access to all trading functionality but allows them to follow other traders, post comments, and save posts. Users can also join chat rooms and communicate with other traders. This way, they can learn from each other and share their thoughts and experiences.