Can you trade on TradingView?
- Asked By
- Updated On:25-Oct-2023
- Replies:1
Short Answer
TradingView is one of the best technical analysis tool. But, can you trade directly through this stock screening and charting software? The answer is No!
You cannot trade directly on TradingView. TradingView supports trading from one of their supported stock brokers. The platform also offers virtual or paper trading. Let's get into some more details on this super-charting platform.
Detailed Answer
TradingView is a stock screener used for different purposes in trading and investing. TradingView offers a large number of features and stock screening tools.
These include drawing tools, various indicators such as Relative Strength Index (RSI), different Moving Averages and other useful indicators. TradingView is a stock analysis, stock charting and screening platform. It is not a stock broker which allows the trading of shares on any major stock exchange globally.
However, you can link your broker to TradingView and use your stock broker to trade on the TradingView platform.
Trading on TradingView:
- TradingView is an analysis tool which allows you to analyze stocks fundamentally and technically. It does not support the trading of stocks directly from its interface. On the platform, you can access the "Paper Trading" section to trade with virtual money to test your strategy and trading knowledge.
- You can trade on stock exchanges through TradingView's user interface after connecting their supported stock brokering service.
TradingView Integration With Stock Brokers
Through, TradingView's platform you have to use your trading account from the following supported brokers to take trades directly :
- Tradestation
- Tickmill
- PepperStone
- FX Open
- Binance
- Currency.com
- Interactive Brokers
- capital.com
and various other brokerage companies.
- You can trade different instruments on TradingView after connecting your brokerage account with any of the listed brokers above. After connecting your brokerage account, select the stock or security you wish to trade.
- You can execute orders through their platform by selecting BUY and SELL options. Before you execute orders, you have to select the number of units of the particular security you wish to buy and the order type such as limit orders, market orders, stop loss price and target price.
TradingView:
Thus, TradingView is not a stock broker which provides brokerage accounts but only provides charting tools and indicators which assist in making better trading decisions. It also provides the service of trading with virtual money in the form of "Paper Trading". This helps beginners to trade virtually without risking real money.
However, you can take trades directly from the TradingView platform through a supported stockbroker through the process listed above.
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Discussion (0)
TradingView is a popular analysis tool known for its powerful capabilities and potential. The best brokerage for TradingView in USA is Tradestation. The best brokerage for TradingView in Canada is Interactive Brokers. The best brokerage for TradingView in India is Dhan.
No, TradingView is not a stock broker. You can only do Virtual Trading on TradingView's servers, connect your broker account for trading in real markets. TradingView is itself not a stock broker but you can use it with major stock brokers. Let's learn more about different functions of linking stock brokerage accounts on TradingView.
TradingView is a stock analysis platform. You can link your brokerage account from your TradingView account if you have an account with any of the brokerage companies listed below. So, it allows you to integrate your brokerage account to their platform to perform transactions directly.
TradingView supports broker integration through specific brokerage accounts. Learn how to connect your brokerage account to TradingView.
TradingView is a web-based stock picker and screener designed for both novice and experienced brokers. It allows users to add different cloud-based charting methods of data analysis.
TradingView offers a 30 days free trial. You can start with their Free Basic Plan to explore this interesting trading platform. In fact, TradingView is a high-end data analysis software, it's understandable even if it charges for its premium features.
TradingView is a stock analysis and screening platform. It allows integration with only some specific brokers which supports trading through their terminal. Although, TradingView supports most of the well known brokerage companies. However, you cannot use any broker on their platform.
Non-U.S citizens cannot directly open an account with a U.S based broker as they would not possess the necessary documents, required to open an account with a U.S broker. But there are many U.S based international brokers like 'Interactive Brokers', etc, who allow users from multiple countries to open an account with them. Using that account you can easily gain access to the U.S markets.
Investing.com is a great platform for traders as it provides many technical and charting tools that are beneficial for traders as well as technical analysts. As Investing. com is not a stockbroker, hence you cannot place trades directly from the application or website. In order to place a trade, you need to have a trading account with a stockbroker.
The primary difference between Thinkorswim and TD Ameritrade is that TD Ameritrade is an online US broker. Whereas Thinkorswim is an online trading platform powered by TD Ameritrade.