TradingView is compatible with MT4. It is not necessary to download the MT4 software on Fidelis CM ECN Forex Broker Review computer to use it. The website also features a help section and regularly upgrades the program. TradingView is much more flexible than MT4. It is possible to access historical data for several years and to choose any timeframe. Moreover, it is user-friendly and has more active users than MT4.
However, the platform has some limitations. MT4 users are unable to use most of the advanced technical analysis tools. For instance, there are only 40 built-in indicators for the MT4 platform. Nevertheless, MT4 users can purchase custom indicators from the MetaQuotes market. While MT4 users can make do with the indicators available on the platform, those who are looking for more sophisticated indicators may find it hard to find them in TradingView.
Although MT4 is the industry leader in trading, it does not support all trading strategies. TradingView allows traders to trade both currencies and cryptos. If you can t decide which is better for your trading style, you can switch to either platform. Many traders use both platforms. MT4 is more widely supported by forex brokers, while TradingView is used by crypto traders.
TradingView can be more convenient for those who use their computers for other purposes. Besides How to Trade Forex With Tradestation modern design, TradingView also features a variety of asset classes. However, if you prefer a more reliable platform, MetaTrader 4 is the best choice. With MT4 you can place trades and do technical analysis.
TradingView has many advantages over MT4. First of all, it is a community for traders. This community is like a social network for Forex traders. There are people who are already gaining knowledge and experience, and they help beginners with their questions. Additionally, you do not need to register for TradingView, unlike MT4.
TradingView does not have all the features of MT4, but it provides the majority of its premium features. In particular, the charts are more advanced than in MT4. There are more than 100 indicators, unlike just 40 fundamental ones in MT4. The interface is also more modern and stable, which makes it easier to trade.
Another bonus of using TradingView is its ability to show news headlines. This allows you to monitor upcoming news releases. In addition, it alerts you to important news events that may affect a particular currency pair. This feature is particularly useful for traders who do not trade full time. For example, if a stock news release is imminent, a new candle will appear near the event symbol.