Over the last few years, many traders have asked us if TradingView Pro is worth it. We felt like we should give you guys a definite answer.
It’s no secret that here at cryptos4noobs.com we are huge fans of TradingView! The functionality and features TradingView offers are just too good to pass up. That being said, this article will not rave about how great TradingView is.
We are simply going to highlight the functions that the TradingView Pro account offers over the free account. If you already pay for TradingView Pro, you might find this article useful to make sure you are getting the most out of your subscription.
Just to be clear – you do not need TradingView to be a successful trader. It does, however, help you make more informed decisions.
There are three main reasons why you should consider TradingView Pro:
- Custom time intervals
- Enhanced watchlists
- 10 alerts
Why are these things so important? Let us explain.
Custom Time Intervals
The most important feature that makes TradingView Pro worth it is the custom time intervals. It gives you access to more detailed data, as well as more trading opportunities.
When you have more detailed data available, your decisions are going to be much more informed. You might wonder why it means you have more trading opportunities – that’s a very simple question to answer.
If you can look at different time frames, it simply gives you the freedom to trade on any timeframe you want. It allows you to test your strategies on all time frames which can then lead to new ideas.
You’ll be able to find the timeframe that is right for you which in turn will help you with your trading.
The enhanced watchlist feature is one of those things that isn’t really needed. However, it saves you a lot of time when you go through your trading ritual.
It makes checking all your pairs less tedious. You can even create multiple watchlists so that you can separate your trading pairs from each other. We like to have a separate list for fiat currencies and cryptocurrencies.
Some people might even have a stock or a commodities watchlist! With the free account, you only have access to one watchlist plus the flagged symbols watchlist.
The flagged symbols watchlist is a watchlist that automatically gets created when you flag a pair. You can’t make more than one flagged watchlist, so you’ll have to decide for yourself why you would flag a pair. We like to use this functionality as a way to keep an eye on the pairs that have a potential set-up forming.
Lastly, you can set up to 10 alerts with the Pro account. The free account only gives you one.
Alerts are very useful for managing your trades. It allows you to step away from the charts without having to worry that you will miss price reaching an important level. These are all sorts of reasons why you would want to set an alert: entering a trade, monitoring how price is moving, looking for a higher high or lower low, etc.
Having access to 10 alerts will enable you to monitor multiple pairs or multiple things on one pair.
Unfortunately, the Pro account isn’t free which is what this is all about, isn’t it? If you pay up front for two years, price comes down to $9.95 per month.
Now, if you are new to trading and you have never even used TradingView or any kind of charting platform before, signing up for two years is a big commitment. However, if you’ve been trading for years and you’re not planning on quitting any time soon, a two year plan isn’t that big of a commitment. It will cost you the least out of all the payment options.
You can also pay on a monthly basis, but then the price goes up to $14.95 per month. The middle ground is a yearly plan, which comes down to $12.95 per month.
Of course, the Pro account gives you access to other features as well. You can use five indicators on one chart instead of three, you can save five chart layouts instead of one, you won’t see any ads, etc.
You can find a comparison of all the features here. Every trader has different needs, so you should definitely check it out for yourself.
At cryptos4noobs.com, we believe TradingView is a tool that should be in every trader’s toolbox. We love TradingView and it helps us identify more winning trades due to the great features and data it provides over brokers’ own charts. For these reasons we say: Yes, TradingView Pro is worth it!
If you have any questions, feel free to ask in the comments below!
Just a quick note: we were not paid by TradingView to write this post. We just think TradingView is great and want to share our knowledge with other traders. All TradingView links in this article are affiliate links. This means we will get a small commission if you decide to sign up to TradingView through one of our links. Don’t worry, it won’t cost you anything extra. This small commission will help us create more content!