The Difference Between Free and Paid Stock Charts
When it comes to free stock charts, they can be found, but the data will not be official or guaranteed. Typically, free stock data comes from a single data provider, meaning you may not see all price movements occurring in the stock or ETF you are trading on that day.
Free stock chart data is also not guaranteed for accuracy or consistency. When you pay for official real-time quotes, you have some rights if the data feed is unreliable or inaccurate. With a free site, you have to take the data as it is.
However, real-time free stock charts are an excellent backup source of data in case you lose your broker’s quotes. They are also a great training tool for new traders looking to study day trading and develop strategies around real-time price movements.
TradingView
TradingView provides real-time free stock charts that are visually appealing and can be customized with hundreds of technical indicators.
TradingView is also a social networking site. Traders can easily share their charts and ideas with one another. You can even follow other traders and discuss stocks and other markets.
Traders can create watchlists and alerts, see hot stocks, and even trade directly from TradingView charts by connecting to a broker. You can use the Strategy Tester feature to test a built-in strategy for a specific stock and time frame. It also allows you to create your own strategy for testing with the Pine Editor.
TradingView also enables you to chart stocks, bonds, futures, forex, cryptocurrencies, CFDs, economic data, and global data, although futures data is delayed. You can pay for upgrade options that provide additional features and official real-time data for stock and futures markets around the world.
TradingView offers a comprehensive list of markets, indices, and economic data. You won’t need to switch charting platforms to view charts from other markets. It’s also the most socially integrated real-time stock charting platform among the free providers on our list.
StockCharts
StockCharts offers both paid and free options. The free capabilities of StockCharts are quite robust. You can create bar, line, or candlestick charts with over 30 line studies and customizable technical indicators.
Data is displayed on a weekly or daily basis, but you can only go back three years for data unless you have a paid subscription. Other drawbacks of the free StockCharts option include that you cannot save your screens, and the charts are somewhat basic.
You can pay as much as $14.95 per month for a basic subscription or $39.95 per month for a professional subscription if you want more features. The additional subscription, which features a slightly more advanced interface, is available for $24.95 per month. A one-month free trial subscription is available at the Extra level for new customers.
You can further upgrade your subscription plans by adding a real-time data plan. Free, basic, extra, and professional accounts come with a free data plan that provides real-time data from the best alternative trading system (BATS) in the U.S., but all other markets are delayed. To get more real-time data, you can choose from a variety of plans focused on specific stock exchanges. Each plan costs an additional $9.95 per month.
Yahoo Finance
Yahoo Finance offers free live quotes for stocks listed on the Dow Jones and Nasdaq indices. It also provides real-time news. Yahoo Finance’s interactive free charts offer more than 100 technical indicators.
It allows
Yahoo! Finance allows you to create an unlimited watchlist of stocks and offers daily trading ideas. It also enables you to link your brokerage account to execute trades based on your drawn strategies.
For $35 per month or $350 per year, you can upgrade to Yahoo’s basic tier, which provides enhanced charting capabilities, third-party investment research, live chat support, fewer ads, among other features. A 14-day free trial is available to see if you believe the basic tier is worth the money.
Yahoo also offers a Lite tier for $250 per year. It includes features such as daily trading ideas, fair value analysis, advanced tools, and 24/7 account support.
Google Finance
It’s easy to quickly look up a stock on Google, but you can also see real-time charts of various markets in the Google Finance section. While it’s not as advanced as other sites on our list, Google Finance offers simple, free stock charts.
You can track specific stocks and local markets as well as global markets, adding whatever you want to your watchlist. While technical indicators are not fully available, you can at least see performance over time by changing the date range.
One feature offered by Google Finance is that its charts provide a “Key Events” option that displays significant company events on the stock axis, such as earnings results or business acquisitions.
Frequently Asked Questions
How do you read stock charts?
There are several different types of stock charts, and each type is read differently. Bar and candlestick charts show you the opening, high, low, and closing prices of the stock, so you can see what happened throughout the day. Line charts only show the closing price for each day, which is a more summarized view.
What is the relative strength index in stock charts?
“RSI” stands for “Relative Strength Index,” which is a number that tells you whether stocks are overbought or oversold. Basically, it measures the speed and direction of price movements and provides more information than just the highs and lows throughout the day. A reading below 30 is typically considered oversold, while a reading above 70 is seen as overbought.
Source: https://www.thebalancemoney.com/free-real-time-stock-charts-for-day-traders-4089496
Leave a Reply