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.
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.
Through, TradingView's platform you have to use your trading account from the following supported brokers to take trades directly :
and various other brokerage companies.
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.