TrendSpider or TradingView - Which is better?
- Asked By
- Updated On:02-Aug-2023
- Replies:1
Short Answer
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.
Detailed Answer
In today’s dynamic financial world, it is important to have the best tools to be ahead of the rest of the investors. TradingView and TrendSpider have made a significant difference in market analysis and charting.
Even though both of them have the same purpose, the method used by them is different. TradingView started in 2011 and is very popular with over 50 million active participants. While TrendSpider launched in 2018. It is newer and has some of the best-automated techniques for analysis.
In both these tools you will find a lot of similarities:
- They offer charts, and data, including the US stocks, cryptocurrencies, and even Forex.
- Both offer an advanced mix of visuals and technical indicators for better understanding.
- Each of them has made the user experience simple and easy.
- The alert feature of these platforms is also commendable. Both excel in terms of alerting capabilities.
- TrendSpider and TradingView use trading bots to assist users. It is another similarity between them.
Differences between TradingView and TrendSpider
Even though there are so many similar features, the fundamental approach followed by them is different. Here are the differences between both:
- The active trading participants of TradingView are far larger than TrendSpider. In fact, it can be compared to Twitter, as users can comment, and share views to the whole community of TradingView. Socially, the former platform is way better. Every day users find new ideas about investing.
- The indicators you find on TradingView are also better than TrendSpider. The breadth of analysis done by View is a huge strength. Its software will provide you with_ at least 100 comparisons_, technical studies, and whatnot. In fact, it is not just limited to a hundred. You can do more research. It also uses Pine Script for coding so that traders can make their own trading signals. The same cannot be said for TrendSpider.
- TrendingSpider excels at chart automation features. What's even more interesting is that you can make a chart yourself and the software can also make it for you. For example- you can use AI to find any areas that might need some support. Or you can check a candlestick pattern made using AI. On the other hand, TradingView is not yet so advanced.
- TrendSpider also allows you to check the data for stocks and crypto separately. You can read all the financial news feeds provided by Benzinga Pro on this platform. News ranges from insider trading to option tracker etc. All these features are available as little widgets and you can open them anytime. You cannot shuffle like this on TradingView.
All the differences and similarities between TrendSpider and TradingView can make the task to choose complicated. But the user can check the interface of both these platforms and compare with their needs.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
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 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 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.
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.
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.
Although you cannot buy and sell actual stocks using Investing.com, you can sign in and create a demo account where you can buy build portfolios, and trade stocks in a virtual manner. There will be no real money involved but you can practice and gain skills before you start with actual money.
When you sell US shares in Canada, you incur capital gains tax. Read more to know terms, conditions and exemptions when you sell US stocks in Canada.