In the dynamic world of online trading, traders are always looking for platforms that offer accurate market data and detailed chart analysis. While TradingView is a very popular choice, there are several free alternatives that are worth exploring. In this article, we’ll review six free alternatives to TradingView, such as GoCharting, and weigh their advantages and disadvantages to help you choose the platform that best suits your trading needs
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Table of Contents:
Why Consider Alternatives to TradingView?
TradingView is widely appreciated for its many features, including detailed charts, member analysis, filters, and more. However, some free platforms offer similar or even unique features that may better meet your specific trading needs. Here are six free alternatives that we tested.
1. GoCharting
Key Features
GoCharting is a sophisticated real-time platform for technical analysis and charting, with a focus on cryptocurrencies. Supporting more than 2000 cryptocurrency pairs on more than 90 exchanges, this platform offers unparalleled coverage in the cryptocurrency industry
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- Wide Cryptocurrency Coverage: Supports more than 2000 cryptocurrencies.
- Multi-Exchange Support: Connect to more than 90 exchanges and 14,000+ pairs.
- Cloud-Based Storage: Allows you to track and store technical graphics on the cloud.
- Full functionality: Includes alerts, real-time news updates, automatic pattern detection, and drawing tools.
- Portfolio Management: It allows the creation and management of cryptocurrency portfolios.
Advantages and Disadvantages
By:
- Extended cryptocurrency coverage.
- Multi-exchange support.
- Cloud-based functionality.
- Comprehensive analysis tools.
Cons:
- Learning curve for new users.
- Limited social functionality.
GoCharting is a modern financial research platform, ideal for cryptocurrency traders thanks to its extensive coverage and cloud-based functionality.
2. Investing.com
Key Features
Investing.com is a comprehensive resource for traders of all levels, offering a wealth of information to meet different trading needs. Founded in 2007, it has become a financial gateway with a global presence.
- Extended Information Hub: Serves more than 21 million monthly users.
- Global Accessibility: Available in 44 languages.
- Instant News Updates: Provides real-time updates for currency pairs and stocks.
- Social Network for Traders: User section that encourages discussions and exchanges between traders.
- Rich Toolset: Offers technical tools and investment resources.
Advantages and Disadvantages
By:
- Large information hub.
- Global accessibility.
- Real-time updates.
- Social features for traders.
Cons:
- Feature overload for new users.
- Some advanced features require a premium subscription.
Investing.com combines a vast repository of information with a robust set of tools, making it a valuable resource for traders around the world.
3. Chartmill.com
Key Features
Chartmill.com is positioned as a simple but effective platform for traders looking for essential tools for technical analysis.
- User-friendly interface: Easy to navigate, ideal for beginners.
- Stock Screener: Facilitates the identification of trading opportunities.
- Free Access to Technical Tools: Various technical analysis options without the need for premium subscriptions.
- Community functionality: Allows users to participate in discussions and share information.
Advantages and Disadvantages
By:
- Simple and intuitive interface.
- Effective stock screener.
- Free access to technical tools.
Cons:
- Limited social and community functionality.
- Limited advanced technical analysis tools.
Chartmill.com is ideal for those who prefer a simpler approach to technical analysis without sacrificing essential tools.
4. Multicoincharts
Key Features
Multicoincharts is a strong alternative to TradingView, specifically designed for cryptocurrency enthusiasts, with a focus on simplicity and real-time monitoring.
- Cryptocurrency Centric Platform: Specialized in providing real-time charts and price data for popular cryptocurrencies.
- Real-Time Market Monitoring: Allows you to easily monitor your favorite cryptocurrencies.
- Simplified Interface: Hassle-free experience to keep up to date on cryptocurrency prices.
- Ample Exchange Support: Includes support for Binance, Coinbase Pro, Kucoin, FTX, and more.
Advantages and Disadvantages
By:
- Optimized for cryptocurrencies.
- Real-time monitoring.
- User-friendly interface.
- Support for large exchanges.
Cons:
- Limited coverage for non-crypto markets.
- Limited advanced technical analysis tools.
Multicoincharts is perfect for traders looking for simplicity and efficiency in monitoring cryptocurrency markets.
5. Dealerify.io
Key Features
Dealerify.io is a robust alternative to TradingView, offering a set of extensive features and tools, specifically designed for cryptocurrency trading.
- Comprehensive Technical Analysis Tools: Includes more than 30 indicators, candlesticks with different patterns and complete time frames.
- Smart Trading Platform: Allows users to connect directly to their exchanges.
- Flexible Time Intervals: Offers a wide range of time frames, including second-based time frames.
- Accurate Data: Provides detailed chart data.
Advantages and Disadvantages
By:
- Rich set of technical analysis tools.
- Smart trading platform.
- Flexible time frames.
- Accurate data on the charts.
Cons:
- Learning curve for new users.
- Focused primarily on cryptocurrencies.
Dealerify.io emerges as a powerful tool for cryptocurrency traders, offering an extensive feature set and accurate data.
6.
TradingView
Key Features
TradingView is the preferred choice for millions of traders around the world, known for its extensive feature set, user-friendly interface, and comprehensive market analysis tools.
- Robust Charting Tools: Wide range of charting tools, including various types of charts, indicators, and drawing tools.
- Social and Community Functionality: Vibrant platform where users can share ideas, analysis and strategies.
- Asset Versatility: Supports different asset classes, including stocks, cryptocurrencies, forex, commodities, and more.
- User-friendly interface: Suitable for both beginners and advanced traders.
- Real-Time Data: Provides real-time data for making informed decisions.
Advantages and Disadvantages
By:
- Extended charting tools.
- Social features and active communities.
- Versatility in assets.
- Intuitive interface.
- Real-time data.
Cons:
- Advanced features reserved for the premium subscription.
- Learning curve for advanced features.
- Browser addiction.
TradingView remains a favorite among traders thanks to its comprehensive features, active community, and user-friendly design.
Final Thoughts
When exploring these alternatives, consider your trading preferences and goals. Each platform offers unique features, so choosing the right one will depend on your specific needs. Whether you’re looking for comprehensive financial data, an intuitive interface, or advanced charting tools, there’s definitely a free option that works best for you. Happy trading and happy exploring!
