I've noticed that a lot of forex traders who eventually get into crypto seem to really like TradingView charts. Some exchanges have their own built-in charts, but you can also switch to TradingView if you want.
I’m not into forex; I’ve only focused on crypto trading, which I picked up on my own. I usually stick with the exchange’s chart for my analysis because it has all the indicators and tools I need to draw and analyze.
Someone mentioned that the exchange chart isn’t as good as TradingView. What do you guys think?
Which one do you use?
Just to clarify, I’m not talking about any premium TradingView options, just the free version you find on trading sites. To me, it feels like the exchange chart is more modern, while the TradingView chart is more traditional.
If the tradingview chart you are referring to is the type that gets integrated on exchanges and are free for anyone to use, then I would say that i prefer exchange chart because they usually appear more modern while the tradingview chart appear to be an old class.
Though maybe this is because I didn't trade forex for long before I discovered and moved into crypto trading, so I am more of a crypto trader than forex, so it's possible a hard core forex trader may still prefer the tradingview chart, I can't tell but the honesf truth for me is that exchange chart appears more modern, but this can change if we move to the paid version of tradingview since this is like fhr premium and has alot of cool features the free version doesn't have.
This kinda depends on preferences.
The time I started to become a trader, I was already using TradingView, which, for me, until now it's my favorite, compared to some exchanges' charts.
Maybe it's because TradingView is already the tool I'm used to, as it's already everything what I need.
Exchanges usually use corporate TradingView plans that allow their customers to have all or many of the paid Tradingview features for free.
If you compare it with what you get on your plain free Tradingview account, the difference is significant.
However, on exchanges you can only chart the assets listed on there, that's the downside.
I have been using trading view to do analysis for a long time now, at first I didn't understand, so I was using the chart on exchanges to do analysis but I realized they didn't contain enough tools when I started getting familiar with trading view. When I used binance exchange to trade, that's when I observed that you can switch between the normal exchange chart to trading view chart but I don't see the option on bybit but honestly, I prefer to use the normal trading view for my analysis before going to execute my trade on the exchange.
I also prefer the exchange chart, it is people that are stuck with the old trading that will prefer the trading view chart. I have gone through it before on two exchanges but I do not like it both on mobile phone and laptop. Some people may say they prefer the trading view that it is more accurate but which I do not believe if talking about profit and loss in trading. Using trading view or the modern exchange chart is not what that will let someone be a successful trader, there are a lot of things more that a trader need to learn.
This do depends on how the trader began with his trading process and with how he is able to use one in better way than the other or combining both. Though there are traders that do use trading view and exchanges charts interconnected in expediting their trade.
There are sets of traders that will prefer using the trading view chart in doing a run down of their analysis and later switch onto an exchange of their choice to execute the trade base on what they have analysed from trading view.
I feel the same. TradingView is the best platform for trading, no matter what market youre trading in. It provides access to almost every market, along with all the necessary details. Traders prefer TradingView because of the wide range of indicators it offers. Almost every type of indicator is available there, so traders can focus entirely on trading without having to look elsewhere for tools.
Moreover, I think the majority of exchanges nowadays use charting interfaces that are very similar to TradingView. Still, its better to use TradingView itself.
Also, theres no need to buy the Premium plan when youre just starting out. The free version provides more than enough features for beginners.
I use both of them sometimes. TradingView is choppy; switching back to the built-in chart by the exchange shows me a cleaner chart than TradingView. But since the built-in chart from the exchange has limited indicators or some of the indicators do not exist that you can see from TradingView, I still need to combine them when analyzing just to get what I need from another chart.
Like on the mobile version of the chart, it's clearer to me to use the built-in one than the TradingView chart, and you have an option to slide your position, TP, and SL on the built-in chart.
However, there are many advantages of using TradingView so we can't argue about tools because almost all the tools you need exist.
My local biggest exchange has a custom chart that's completely unsuitable for technical analysis, and even worse, they don't have the option to switch to TradingView mode.
I know Binance has its own custom chart, and it's very good, and they also include several community indicators.
It all depends on your preferences and analytical needs.
It all depends on how you learned how to trade. If you learned how to trade and the person who explained it to you used TradingView, you would find it easier to understand, and the same goes for if the person that taught you how to trade or how you learned to trade was using the original charts on the exchanges. Personally I think TradingView is more user-friendly than the original charts on exchanges.
I can currently use both, but I use TradingView for the numerous tools and how I can access my charts from anywhere I log in.
I also prefer to use TradingView more often because I find it more convenient for technical analysis than the charts and tools offered by exchanges. That said, its worth noting that many exchanges have now integrated TradingView charts into their platforms, thereby giving users a choice.
The exchanges is what I mostly looking at.
But to see for a better view and reference, it's okay to source and look out at it in trading view. While most of us are using free.
If you're the type of trader that likes to pay for some additional features of it and that's helping you win your trades, it's worth it I guess to use it that way.
My first advice in trading is to stick to a winning strategy. What ever tools you are used to and it favors you, why change it?
It's good though to always have alternatives, but we must understand how the exchange chart known as the modern one and the Tradingview which is the traditional one are both powered by the same engine even though their difference in design concept.
Any big exchange actually use tradingview under the hood with the exception of the real time data being fed to the chart is from exchange's internal data.
Tradingview's chart is usually an aggregate chart getting data from exchanges, it's basically the same thing except inside the exchange, the trading chart don't have technical analysis limitation which is a free premium features.
Use free tier tradingview for checking multiple exchange, but use exchanges' provided chart if you are trading because they have most accurate information.
I use exchange charts on either Binance or Bybit depending on where I am trading currently as I do not use trading view since is there is no direct reflection between them and the active charts on the exchange which you are using.
I have not spend that much time using tradingview to analyzed charts instead just go straight to exchange that I am using to trade, another thing I noticed is that there is a slight difference in prices across the exchanges which I am also trying to know what could be the reason of the price changes. For instance, you could see btc/usdt at 61,000 on Binance and when you check same thing on Bybit you would see 61,500 and I have been trying to know about this reaction.
As long as you know how to deal with exchange chat, what's stopping you from learning tradingview chart? It's somewhat advanced and contains all the tools to make your technical trading successful. Trading View is the best and requires technical knowledge, which you can easily learn from YouTube.
Can't deny that trading view is a good tool because it have those features what traders needed, but for newbies they don't need to immediately learn that. Since its always good for them to learn those basic things like reading the charts given by exchange.
If they gain lots of knowledge and somehow understand what they are doing. They can upgrade using Trading view and try to improve their trading skills by using that advance tools. Although it will not make them automatically a good trader, but if they mix up with discipline maybe they can do more better trades in future.
I am not trading forex but crypto so I use exchange chart but sometimes I use tradingview chart to research deeply. A good trader will use many resources to fill their research so they don't just use exchange chart or tradingview chart. We can't say one is better, that depend on how they use the chart and chart helping them to analyze and finds the entry and exit price. But pro traders will using paid services because that will be more completed than the free one. But it is okay if they use free chart as that can gives them the data.
I prefer to use the charts on the exchange, and I admit it is much better than the free view shown by TradingViews although I also sometimes use it if I want to see other assets with a much longer history than those on the exchange in general, on TradingViews I also mostly look at other assets besides Crypto because there I am much easier like S&P or even hot commodities, local stocks, I like to rely on the TradingViews platform, but if asked for my trading, I prefer to use the exchange itself rather than looking for external ones.