Is Trendspider better than TradingView?
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- Updated On:13-Jun-2023
- Replies:1
Short Answer
Know about various features of Trendspider and its comparision with TradingView. Both have their upsides and downsides for begineers. Both are preffered stock screeners for various purposes by traders and investors. Go through the complete answer for a clear overview.
Detailed Answer
Trendspider Overview:
Trendspider is a modern-day powerful technical analysis tool used for various purposes by investors and traders. It allows an individual to create and test strategies developed by them so its users can act as per trading opportunities and can take proper trades according to the situation.
Trendspider is equipped with various analysis tools backed by various formulas, algorithms and advanced math.
TradingView Overview:
Secondly, TradingView is the primary stock screener and charting platform for most traders and investors. It offers its users most of the features from basic chart overviews to professional tools required to study charts in depth.
Comparison of some features of TradingView and Trendspider are as follows:
- Beginner Friendly: the user interface of TradingView is much simpler than a Trendspider and hence it's more useful for beginners as it is easy to understand and use in the initial phase.
- Backtesting Of Strategies: Both platforms provide the feature of backtesting trading strategies. TrendSpider provides the support of machine learning algorithms and artificial intelligence and whereas trading view provides backtesting features via analysis of historical data.
- Available Tools and Features: Trading View has all the tools required for technical analysis where users can perform technical analysis of stocks manually whereas Trendspider supports automated and complex analysis features.
The Bottom Line:
Trendspider is a powerful tool for technical analysis purposes and has various advanced features involving complex algorithms and is more suitable for people with some trading experience. However, TradingView is a more simplified stock analysis tool which provides features suitable for beginners and is easy to understand than TrendSpider. Hence, for beginner's purposes, TradingView is more suitable than TrendSpider and Trendspider is more recommended for existing traders with knowledge.
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Discussion (0)
Both TradingView and TrendSpider have amazing features and tools to analyze the market. It depends on the user’s need and perspective about the suitability of both.
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 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 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 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.
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.
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.
TradingView supports broker integration through specific brokerage accounts. Learn how to connect your brokerage account to TradingView.
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 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.