Many people find it difficult to distinguish between Tradingview and MetaTrader, especially when it comes to the trading market. However, TradingView emerged as the
Many people find it difficult to distinguish between Tradingview and MetaTrader, especially when it comes to the trading market. However, TradingView emerged as the best support and resistance indicator tradingview, the best crypto indicator trading review, and the best entry and exit indicators tradingview.
Metatrader, on the other hand, is the best free online trading app and loads faster than TradingView. It has a wide array of indicators. But it comes with other challenges which I’ll highlight in this segment.
Problems with MT4
Here are the issues faced by the MT4 users':
· No customer supports
· You can lose all your data in case your system crash
· You must re-register your account monthly
· Users have a limited number of markets
· The flying trendline
No Support service for MT4
Customer support is paramount to any organization worldwide. So, if you find issues with your platform, you can contact your support care. However, the MT4 lacks this feature, which makes its user stuck when the issue arises. Although the system is free, there’s no way you could fix bugs or issues when they arise.
You can lose all your data in case your system crash
The MT4 platform is permanently installed on users' local devices. That means, when your computer crash, likely you’ll you lose all your data, including your MT4 settings.
Additionally, in case you want to trade while you’re aboard, it will be hard because you can’t bring your computer over. Plus, it’s difficult to trade with your smartphone, especially if you want to win more. However, you can use a laptop but the settings will not be familiar like one on your home computer.
Unfortunately, you’ll need to re-draw your chats, change your settings and even plot your indicators again.
You must re-register your MT4 account monthly
When you login into your live MT4 account, you’ll use the platform seamlessly. However, if you’re on the demo account, ensure you register it every month. Otherwise, you won’t access your account. You’ll also receive an invalid account notification as soon as you try to sign up. So, ensure you register your account each month which may sound annoying in the long run.
Just don’t blame the broker because it’s the only way to distinguish between serious or jokers’ traders. Typically, jokers are individuals who don’t want to fund their accounts but use them for free. So, if you hire different brokers to help you monitor many markets be prepared to face this problem.
A limited number of markets
This statement sounds more biased because the MT4 system is designed specifically for Forex traders. So, its markets are based on currency pairs. But some brokers may provide CFDs, which makes it easy to trade indices and common stocks.
Typically, you’re limited to the Forex markets. If you’re a trading guru who trades across multiple markets, MT4 isn’t your right choice. So, open various brokerage accounts to access a full spectrum of markets.
Don’t bother with MT4, especially if you’re an options trader, stock trader, or future trader because it won’t solve your issues. That means MT4 works best in case you’re solely a Forex trader.
The flying trendline
If you’ve been using the MT4 platform for a while, likely you’ve noted the trendlines on your chart are extremely reliable, especially when withdrawing your funds from the Forex broker.
Sometimes you may spend hours drawing the trendlines on your chats. Unfortunately, when you lay down your timeframe, the same trendline shift itself. So, if you like using trendlines while trading, the MT4 platform isn’t the right choice for you, especially on the live account.
What are the benefits of the Tradingview app?
Here are simple reasons why many prefer the TradingView platform:
TradeView doesn't have a flying trendline issue
TradeView is integrated with the cloud. That means you can’t lose your data in case your computer crashes. It also syncs across your smartphone, laptop, or computer boosting your experience.
Accessibility to multiple markets such as Bonds, Metals, Agricultures, Stocks, Forex, Agricultures, and Commodities.
This is a goal of any trader globally. You don’t need to re-register your account monthly because it doesn’t expire at all. That means you got an unlimited timeframe to access it.
TraderView app has the best support care that always answers customers’ questions. Also, tradingview customer support also helps the user in solving issues or bugs that arise with their system. When comparing TradingView vs MT4, you'll realize TradeView has many incredible features that enhance your trading experience.
You don’t need to be around the clock to monitor your markets.
Position traders or swing traders often spend much time staying on the sidelines to wait for the trading turn. So, check your charts hourly to identify any trading changes or not. Sometimes the market may show sudden moves that suit you and because you’re away, you may miss the chances.
The appropriate way is to configure the alert to notify you once the price come to your level. In doing so, you’ll avoid missing the trading setup. Alternatively, monitor your trends 24/7.
Once done, you’ll be receiving messages through email when the price comes to your level. So, you won’t miss any trading adjustments. Plus, you'll have the freedom to do your things flawlessly.
TradingView provides trading indicators for free
Today, there are different types of tradingview trading indicators across the market. But you’ve to pay a huge amount to be coded these indicators. Tradeview has developed a programming language known as Pine Script.
The language helps users customize their custom indicators and then uploaded them to TradingView. The good news is that you will find tradingview indicators in one place freely. Unlike MT4 which requires you to search sites for custom indicators, Tradingview has a series of indicators in one place which saves you more time.
taTrader, especially when it comes to the trading market. However, TradingView emerged as the best support and resistance indicator tradingview, the best crypto indicator trading review, and the best entry and exit indicators tradingview.
Metatrader, on the other hand, is the best