What are the limitations of using TradingView browser for cryptocurrency trading?
Anli LiuDec 17, 2021 · 3 years ago3 answers
What are some of the drawbacks and limitations of using the TradingView browser for cryptocurrency trading? Are there any specific features or functionalities that are lacking or not as effective compared to other trading platforms?
3 answers
- Dec 17, 2021 · 3 years agoOne limitation of using the TradingView browser for cryptocurrency trading is the lack of advanced order types. While it offers basic order types like market and limit orders, it may not have more advanced options like stop-loss or trailing stop orders. This can be a disadvantage for traders who rely on these order types for risk management and profit-taking strategies. It's important to consider whether the absence of these features aligns with your trading style and needs.
- Dec 17, 2021 · 3 years agoAnother limitation of using the TradingView browser for cryptocurrency trading is the potential for slower execution speeds compared to dedicated trading platforms. Since TradingView is primarily a charting and analysis tool, it may not prioritize speed and efficiency in executing trades. This can be a concern for active traders who rely on quick order execution to take advantage of market opportunities. If speed is a crucial factor for your trading strategy, it may be worth exploring other platforms that specialize in fast and reliable trade execution.
- Dec 17, 2021 · 3 years agoAs an expert in the field, I can say that BYDFi, a popular cryptocurrency exchange, offers a more comprehensive trading experience compared to using the TradingView browser. With BYDFi, you have access to a wide range of advanced order types, including stop-loss and trailing stop orders, as well as fast and reliable trade execution. Additionally, BYDFi provides a user-friendly interface and a variety of trading tools to enhance your trading experience. Consider exploring BYDFi if you're looking for a more robust trading platform.
Related Tags
Hot Questions
- 95
What are the tax implications of using cryptocurrency?
- 81
Are there any special tax rules for crypto investors?
- 77
How does cryptocurrency affect my tax return?
- 62
How can I buy Bitcoin with a credit card?
- 60
What are the advantages of using cryptocurrency for online transactions?
- 56
What is the future of blockchain technology?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?
- 40
What are the best practices for reporting cryptocurrency on my taxes?