TradingView: Track All Markets for Android, is a free financial trading application for Android mobiles that provides advanced technical analysis tools and charts. The app's user-friendly interface allows users to keep track of multiple markets, including stocks, forex, futures, cryptos, and indices, all in one place. In this review, we'll be going through the app's features, pros and cons, a comparison, tips for using this app, and our overall recommendation.
Features:
Real-time Data
TradingView provides real-time data for stocks, futures, forex, and cryptocurrencies. This feature enables users to monitor their investments promptly and make informed decisions based on current market trends.
Advanced Charting Tools
The app provides powerful charting tools that allow investors to visualize market data, including indicators such as moving averages and Bollinger bands, chart styles like Renko and Heikin Ashi, and drawing tools. Users can customize chart properties such as the time intervals, chart types, and colors to suit their preferences.
Community Features
TradingView features a vibrant community where traders from different parts of the world share trading ideas, strategies, and commentary on particular markets or assets. Following people, charts, and ideas on the app makes it easier for traders to stay updated with market information.
Alerts and Notifications
Traders can set custom alarms and notifications to be alerted of significant market movements, price changes, news events, and more. The app also allows users to set alerts based on chart conditions, such as when an asset price crosses a particular technical indicator like a moving average.
Pros:
User-Friendly Interface
The app is easy to use, and trading charts are well-designed, making it a go-to for first-time investors as well as experienced ones. Its simple and functional design can be customized, and users can add multiple widgets for a quick overview of multiple markets.
Free of charge
TradingView's features are free to access, with the app receiving revenue from its premium subscription plans that offer more advanced features. Free access to both fundamental and technical market data helps users build their skills without having to pay upfront fees for subscriptions.
Cross-Platform Compatibility
The app can be used across different platforms, including Android, iOS, and Web. Users can quickly switch between devices without missing out on significant market movements or opportunities.
Cons:
Premium Subscription
Advanced features such as live trading and trading signals require a paid subscription, which can be costly for beginner traders who would like to access these functionalities.
Technical Analysis Focused
TradingView's primary focus is on technical analysis tools, which may leave out new investors who want to learn about investing, market trends, and other basics.
Comparison:
When compared with similar apps like TD Ameritrade Mobile, E*TRADE, and Robinhood, TradingView provides more comprehensive charting capabilities, real-time data, and a feature-rich community component. It also offers excellent cross-platform compatibility when compared with some of its competitors.
Tips for using the app:
Take advantage of alerts and notifications to keep track of your investments consistently.
Join the community to learn from other traders and get insights on particular markets or assets.
Tweak and customize the chart properties such as colors, indicators, and styles to align with your preferences and trading strategies.
Conclusion:
TradingView: Track All Markets for Android is an excellent value for investors looking for a one-stop-shop for monitoring different markets while leveraging advanced charting tools. It's easy to use for beginners, and the community component offers another layer of insights on particular markets or assets. Though it's primarily focused on technical analysis, its premium plan provides access to more advanced features that will better suit experienced traders. Overall, we highly recommend giving TradingView a try if you're interested in tracking multiple markets in real-time.
Updated 05-17-2023
Overview:
TradingView: Track All Markets for Android, is a free financial trading application for Android mobiles that provides advanced technical analysis tools and charts. The app's user-friendly interface allows users to keep track of multiple markets, including stocks, forex, futures, cryptos, and indices, all in one place. In this review, we'll be going through the app's features, pros and cons, a comparison, tips for using this app, and our overall recommendation.
Features:
Real-time Data
TradingView provides real-time data for stocks, futures, forex, and cryptocurrencies. This feature enables users to monitor their investments promptly and make informed decisions based on current market trends.
Advanced Charting Tools
The app provides powerful charting tools that allow investors to visualize market data, including indicators such as moving averages and Bollinger bands, chart styles like Renko and Heikin Ashi, and drawing tools. Users can customize chart properties such as the time intervals, chart types, and colors to suit their preferences.
Community Features
TradingView features a vibrant community where traders from different parts of the world share trading ideas, strategies, and commentary on particular markets or assets. Following people, charts, and ideas on the app makes it easier for traders to stay updated with market information.
Alerts and Notifications
Traders can set custom alarms and notifications to be alerted of significant market movements, price changes, news events, and more. The app also allows users to set alerts based on chart conditions, such as when an asset price crosses a particular technical indicator like a moving average.
Pros:
User-Friendly Interface
The app is easy to use, and trading charts are well-designed, making it a go-to for first-time investors as well as experienced ones. Its simple and functional design can be customized, and users can add multiple widgets for a quick overview of multiple markets.
Free of charge
TradingView's features are free to access, with the app receiving revenue from its premium subscription plans that offer more advanced features. Free access to both fundamental and technical market data helps users build their skills without having to pay upfront fees for subscriptions.
Cross-Platform Compatibility
The app can be used across different platforms, including Android, iOS, and Web. Users can quickly switch between devices without missing out on significant market movements or opportunities.
Cons:
Premium Subscription
Advanced features such as live trading and trading signals require a paid subscription, which can be costly for beginner traders who would like to access these functionalities.
Technical Analysis Focused
TradingView's primary focus is on technical analysis tools, which may leave out new investors who want to learn about investing, market trends, and other basics.
Comparison:
When compared with similar apps like TD Ameritrade Mobile, E*TRADE, and Robinhood, TradingView provides more comprehensive charting capabilities, real-time data, and a feature-rich community component. It also offers excellent cross-platform compatibility when compared with some of its competitors.
Tips for using the app:
Conclusion:
TradingView: Track All Markets for Android is an excellent value for investors looking for a one-stop-shop for monitoring different markets while leveraging advanced charting tools. It's easy to use for beginners, and the community component offers another layer of insights on particular markets or assets. Though it's primarily focused on technical analysis, its premium plan provides access to more advanced features that will better suit experienced traders. Overall, we highly recommend giving TradingView a try if you're interested in tracking multiple markets in real-time.