Skip to content

How To Paper Trade In Tradingview

  • Uncategorised

TradingView is the ultimate tool for investors and traders looking to elevate their game beyond the norm. With over 30 million users every month it’s the most popular option for serious traders and investors. But is it worth it? Absolutely! Our review will give you the inside scoop on all the amazing features and capabilities. The greatest part? We’ll teach you how to use TradingView for free and get up to 50% savings for paid subscriptions.

Score a Deal

Do you want to try TradingView Pro for free and get an additional 50% off? It’s easy! Click here to sign up for an account for free. Then click “Get Started” at the top right of the screen, scroll down and click “Try Free Basic.” Enter your email, select an account username and password and then click the link within the confirmation email to sign up your account. This is the perfect method to sign up and access a range of options:

Option A: Upgrade to a paid plan such as Pro and Pro+ and receive a discount of 30-50%. You can try all options for 30 days before you are charged.

Option B: Stay with the free plan and test out all the options before deciding if want to upgrade in the future.

Features Galore

TradingView has some of the top and the most complete features of any investing, trading, or analytics platform. When you subscribe to the free Basic package, users will be able to gain access to many features, however upgrading to a paid plan like Pro, Pro+ or Premium gives you access to multiple charts, custom time intervals, real-time market data, several timeframes, exports of data, and advanced chart types. Additionally, you’ll be able to the option of extended hours for trading, customized scanning, and a community of traders who can help you. TradingView is available as an online version of the desktop software, as well as a mobile application, meaning traders can trade from anywhere, anytime. Don’t be left out of the wonderful features TradingView has to offer!

A World of Charts Awaits

TradingView is your one-stop-shop for all things charting and analysis. With a wide range of tools and comprehensive analysis capabilities that will give you everything you require to trade like a professional. In addition, with the ability to switch between light and dark mode as well as powerful drawing tools will allow you to present the data in a way that is most suitable for you.

Free vs. Premium

When you use TradingView Basic, you can only open one chart at a time. If you upgrade the version to TradingView Premium, you can open up to 8 charts simultaneously per screen, each featuring different stocks, time frames, and indicators. Premium and Pro subscribers can even export the chart’s data to set specific time intervals, and trade directly from a chart. If you’re looking to improve your trading experience, you can use the TradingView Desktop platform provides more power, speed and flexibility, including native multi-monitor support.

Chart Types Galore

What ever kind of chart you prefer, TradingView has got you covered with options such as bars, candles, and hollow charts columns, lines areas, lines and more. You can also pick from a variety of time frames, from 1 second to monthly. The Premium, Pro+, and Pro users are able to create their own time frames.

Tools for drawing and indicators

The tool has more than 90 draw tools and hundreds of indicators to choose from You’ll have everything you need to take informed trades. From standard indicators like moving averages, volume indicators and even the option to create custom codes, TradingView has more indicators than any other comparable analytical tool.

Fundamental Data

A standout feature of TradingView is its ability to visualize fundamental data like income statements, balance sheets, and cash flow metrics directly on a graph. This way, you can quickly see how the market has performed following announcements of earnings, company news and much many more.

Find Your Perfect Trade using Screeners

TradingView has everything you need to make the most profitable trade decisions such as stock, forex, and crypto screeners. With a single click to scan markets for best dividends, performers, value margins, dividends and more. Plus, you can set alerts and filters as well as export the data for use in other ways outside of the platform.

Heat Up Your Trades

The crypto and stock heatmaps are a super helpful way to visualize the biggest gainers and decliners. You can even filter according to market capitalization, daily volume, and other financial numbers. And with options like the largest up-and down gappers, most volatile stocks, and relative volume ratios, you’ll have all the data you need to make intelligent trades.

Join the Community

With over 30 million monthly users, the TradingView community is awash with investors, traders and financial experts. No matter if you’re a novice or an experienced professional, you’ll find valuable sources like trade ideas, educational streams, and custom scripts.

Stay Informed

TradingView’s Snaps feature will keep you updated with the latest market information from users and popular media outlets like Reuters, InvestorPlace, and Seeking Alpha. With TradingView’s News Flow feature it will keep you in the know about the latest developments in the world of the world of crypto, stocks and forex, indices, bonds, futures, and the global economy.

Get Alerted

TradingView makes it simple to create price alerts for your favorite stocks. With options for email-to SMS pop-ups, audio signals, pop-ups, push notifications, email or webhook alerts that you won’t be late. You can upgrade to the Pro version for more alerts – up to 400 when you choose premium plan!

In short, TradingView offers everything that you require to trade smartly and keep ahead of the market. From screeners and heatmaps to community resources and alerts you’ll have everything you need to excel in the ever-changing market.

Trading on the Go

TradingView simplifies trading more than ever before by allowing you to connect your platform to different brokerage platforms. You can also trade directly within TradingView by using 12 brokerage connections using API – Interactive Brokers, TradeStation, Eightcap, Pepperstone, Capital.com, OANDA, Tradovate, easyMarkets, FOREX.com, WH SelfInvest, FXCM, and SAXO.

Practice Makes Perfect

TradingView offers a paper trading simulator, allowing you to explore new trading concepts and strategies with no risk. The simulator starts with a virtual balance of $100,000. You can adjust the settings to fit your preferences, such as visualizing arrows or lines for open positions, or looking at a list of open orders. And the most important thing? You can reset the balance any time you’d like.

TradingView Plans

TradingView offers a plan that is suitable for every trader and investor beginning by using the Free Basic Plan, which gives you access to basic functions such as one chart, bar replay, and 7 years of financial data. Upgrade to Pro for more powerful integrated trading tools, with no ads, and social network access. Plus, Pro+ gives you access to more intraday chart types and custom spread formulas, and the ability to export data and use more indicators on a chart.

TradingView Free Basic Plan

The TradingView Basic Plan functions as the basic pack that you need to enter trading. All you require is an email to begin and you’ll get access to the most basic tools, such as charts, bar replay across different timeframes, as well as 7 decades of financial historical data. In addition, you’ll have access to the most important analysis tools like auto Fib Retracements, as well as multi-timeframe analysis. But keep in mind, there’ll be ads in this plan.

TradingView Pro

Ready to step up your trading game? This plan for Pro traders is what it’s at. You’ll have access to even better tools and features, no ads, and a complete community of traders to connect with. In this program, you’ll be able to open up to two charts at a time, save up to 5 chart layouts, use the bar replay for every time frame, and have access to 20 years of historical financial data. Additionally, you can utilize 5 indicators on a chart, create custom trading indicators templates, use volume indicator profiles, and set the possibility of up to twenty alerts for pricing, strategies, drawing or indicators.

TradingView Pro+

Are you looking to get more control over your charts and data? The Pro+ plan is for you. This plan gives you the option of opening up to four charts on each tab, store up to 10 layouts for charts as well as access to additional intraday chart types like Renko, Kagi, Point & Figure as well as Line Break. In addition you can export your strategy information, apply as many indicators on a chart and set at least 100 alarms, and much more.

TradingView Premium

The ultimate plan for the ultimate trader. With the Premium plan, you’ll gain access to the entire features TradingView has to offer, the first-priority support feature, 8 charts per tab and an unlimited number of chart layouts that you can save. One of the greatest options is the time intervals that are ideal to use for traders who trade on a daily basis. You can also utilize as many as 25 indicator on a chart, and set up the possibility of up to 400 alerts on the strategies, drawings as well as prices, indicators and drawings. Additionally, you’ll gain accessibility to social functions of TradingView, including an exclusive badge next to your name, the capability to publish invite-only indicators and secure scripts as well as videos. concepts as well as public suggestions, an option to sign your name and website.

TradingView Free vs Paid

The most significant differences between free and paid plans are the features, ads and usage limitations. For the free plan you’ll be able to use ads as well as the essential features. With the paid plans, you’ll get access to more notifications, data, functions, and social network components free of advertisements. You can also can’t forget how to paper trade in tradingview.

Comparison TradingView Pro vs Premium

Do you want to know if it’s worthwhile upgrading up to the Premium Plan or if it’s good enough? It’s perfect for traders who are active and long-term data analysts because it offers access to all features within TradingView. This includes seconds-based time intervals, unlimited chart layouts, 25 indicators per chart, and first priority support. The Pro plan is a fantastic alternative for people who are just starting out or who do not require all the additional features and access.

TradingView Pricing

TradingView offers a range different pricing plans that are easy to understand. You can begin with the free Basic plan then upgrade your plan to one of its paid plans. The Pro plan begins from $14.95 per month, while the Pro+ plan costs $29.95 monthly, and the Premium plan costs $59.95 monthly. You can save money by signing up for an annual plan. For example the Pro plan costs $155.40 for the year. while the Pro+ plan is $299.40 annually, and the Premium plan is $599.40 annually. This is equivalent to getting two months free!

Monthly Subscription

If you’re new to TradingView, the monthly subscription is a fantastic way to test out the platform and determine if that it’s a good fit for your needs. The costs for each plan are:

TradingView Basic: $0.00

TradingView Pro: $14.95

TradingView Pro+: $29.95

TradingView Premium: $59.95

Yearly Subscription

If you’re a seasoned trader and know that TradingView is the best option for you, then the annual subscription is the way to choose. The cost is upfront, but you’ll receive a 16% discount compared to the monthly plan. That’s like getting 2 months for no cost! The costs for each plan are:

TradingView Pro: $155.40

TradingView Pro+: $299.40

TradingView Premium: $599.40

Data Feeds, News and Market Data

TradingView offers real-time data for free whenever possible. However, some exchanges require a monthly fee for real-time tick data , and they only provide data that is delayed for free. For instance, with a TradingView account, subscribers will be able to access free real-time US data on stocks via Cboe BZX Exchange. Cboe BZX Exchange (formerly known as BATS exchange) that handles around 10% of all market activity in the US market for stocks. If you’d like to view the complete history of all transactions, ticks, and transactions, you’ll need to sign up to a variety of real-time market data feeds. The monthly cost for real-time data feed:

Nasdaq: $3

NYSE: $3

Arca: $9

CME Group (S&P E-mini included): $4

OTC Markets: $2

TradingView provides data feeds from 16 North-American, 31 European 9 Middle East/African, 34 Asia/Pacific , and nine Mexico/South American exchanges. which some of them are completely free with real-time data. Others have the option of a monthly fee that is low. TradingView isn’t a profit-maker from these fees, they are collected as in accordance with the rules of exchanges. Also note a paid TradingView plan is required to subscribe to real-time data feeds.

TradingView Review Summary

TradingView is a great charting platform that is ideal for anyone who is who is interested in the study and analysis of technical aspects whether you’re just starting out or an experienced trader. The platform is web-based and is accessible from any device, and there’s a separate application available for iOS or Android. It’s among the top charts available however if you’re looking for something with some more advanced technology and a backtesting feature, you might want to look into TrendSpider and Trade Ideas.

The no-cost TradingView version is a fantastic method to get to know all the features and functionalities, and if you follow the steps within the post, you will receive a discount of 30-50% after registering for the free version.