Stock charts can initially appear intimidating but knowing how to interpret and understand them is essential to enhance your trading. To help your trading, using a good trading software is without question a basic investment.
We use various trading software packages and there are plenty of charting platforms but one of the simplest and most stable for new traders is TradingView. The Premium is our daily driver which we can use on our Mac, PC, iPad and phone. You can take out the trial of Pro+ from the link below.
TradingView is a charting analysis software which is available as a free but limited option and also as a paid-for option.
We have been using it since 2013 which is a couple of years after it came to market. Still a fairly new player but has expanded extremely fast and for good reason.
TradingView will plot U.S, Canadian, UK and at the time of writing this article, Indian stocks as well as currencies, indices, commodities, bonds and cryptocurrencies.
One of the main advantages of TradingView is that it is platform agnostic by being cloud-based so can be used on almost any platform. You could start off your analysis on one device and conclude it on another. Backups are also easier by simply making a copy of a layout.
The platform is well organised and the chart annotation and drawing is very clean. The alert functionality is the best we have ever used, very reliable and very prompt. Alerts can be in the form of a pop-up, phone alert and email.
You can use the free version or take the trial and see how good it is before you decide to buy it.
If you have any questions, feel free to send us a message form our contact page.