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Is TradingView a good platform for day trading cryptocurrencies?

avatarchathuranga sampathDec 17, 2021 · 3 years ago3 answers

I'm considering using TradingView for day trading cryptocurrencies. Can anyone provide a detailed review of the platform and its suitability for day trading? I'm particularly interested in its charting tools, real-time data, and order execution speed. Any insights would be greatly appreciated!

Is TradingView a good platform for day trading cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    TradingView is a popular platform among cryptocurrency traders for its advanced charting tools and real-time data. The platform offers a wide range of technical indicators and drawing tools, allowing traders to perform in-depth analysis. Additionally, TradingView provides access to a large community of traders who share their ideas and strategies, which can be valuable for day traders. However, it's important to note that TradingView is primarily a charting platform and does not offer direct order execution. Traders will need to use a separate exchange or broker to execute their trades based on the analysis done on TradingView.
  • avatarDec 17, 2021 · 3 years ago
    Yes, TradingView is a good platform for day trading cryptocurrencies. Its user-friendly interface and customizable charting tools make it easy to analyze price movements and identify trading opportunities. The platform also provides real-time data from multiple exchanges, ensuring accurate and up-to-date information. Additionally, TradingView offers a wide range of technical indicators and drawing tools, allowing traders to create their own unique trading strategies. Overall, TradingView is a reliable and efficient platform for day trading cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confidently say that TradingView is indeed a good platform for day trading cryptocurrencies. Its advanced charting tools and real-time data make it a valuable resource for traders looking to make informed decisions. However, it's important to note that TradingView is not a trading platform itself. It is a powerful analysis tool that can be used in conjunction with other exchanges or brokers to execute trades. If you're looking for a comprehensive trading platform, I would recommend checking out BYDFi, which offers both charting and trading capabilities.