There are a number of websites and platforms that provide real-time charting capabilities for 1-minute, 5-minute, and other intraday charting time frames. Free is nice, and the while the data may be real-time, it is not "official. That said, free real-time day trading charts are an excellent backup data source, on the off chance you lose quotes from your broker, and are a great tool for new traders who are looking to study day trading and create strategies based on how prices move in real-time.
Free stock market data is provided by BATS. Websites and charting platforms then use that data to provide real-time charts to their users. These free real-time charts only show the stock transactions that occur through the BATS exchange. The charts don't show the transactions that occur through all the other electronic exchanges that compose the US markets.
BATS data represent an approximation of what is happening in real-time. You see some of the price movements and transactions, but not all. When you pay for official real-time stock market data and charts, you receive the price and volume information for all the electronic exchanges that compose the US stock markets, such as the New York Stock Exchange and NASDAQ.
In actively traded stocks, the BATS exchange is frequently used, so a transaction will likely go through on BATS at each price level the stock moves to. In lower volume stocks, where few transactions occur, a transaction may not go through on BATS at each price level where a transaction on another electronic exchange takes place.
In this case, you are missing pieces of information on your free charts that paid real-time charts would show.
New traders can use them to analyze chart patterns and strategies and see how prices move in real-time. Free official data is delayed by 15 to 20 minutes, but as that data is released, free real-time charts are updated with the official data. These charts provide a way to easily exchange trade ideas and charts with others who may not have access to real-time official paid stock charts.
With real-time official quotes, since you are paying for them, you have some recourse if the data feed is unreliable or inaccurate. With a free site, you have to take the data as is. The charts are visually appealing and provides hundreds of technical indicators. TradingView is also a social media site. Traders can easily share charts and ideas with each other, follow other traders, and discuss stocks and other markets. Traders can create watchlists and alerts, see what stocks are hot, and even trade directly from TradingView charts by hooking up to a broker.
Different chart layouts can be saved and loaded, and the stock of one chart can be compared to other stock charts on the same screen.
A strategy tester and stock screener round out the tools available to TradingView users. Stocks aren't the only thing you can chart on TradingView. Quotes for many global stock exchanges are also provided. The site is free, with upgrade options available which provide additional features and official real-time data for stocks and futures markets around the globe.
On the free version of the site, there are ads that constantly pop up. Forex charts are real-time. Futures and index data are also available, but delayed. Intraday charts are available on one, three, five, and minute time frames.
Drawing tools , chart types, and technical indicators are available. Traders can easily share charts and discuss stocks through a StockTwits feed, as well as save different chart layouts. Technician is free to use upon sign-up. Add-ons are available through the Technician Marketplace, for a monthly subscription fee.
The free version is typically clear of ads, allowing you to analyze your charts uninterrupted. While minimal ads is a huge bonus, Technician lacks some of technical analysis functionality that TradingView and FreeStockCharts offer. Technician users gain access to real-time charts when they connect a live brokerage account to Technician.
Day traders can monitor stock prices on one, two, three, five, and minute time frames. Create alerts or trade reminders, and easily share your charts on Twitter or Facebook. Ads are a constant feature.
While these don't interfere with analysis, the ads do reduce the size of the chart area on your screen. While all three offer similar drawing tools and technical indicators, there may be slight differences, with one offering what you need while another doesn't. TradingView offers the most extensive list of markets, indexes and economic data. This means you don't need to switch charting platforms to view charts from other markets. TradingView is also the most integrated socially; if you are looking to interact with other traders, TradingView is a good option.
Beware of who you are watching, though, since not everyone sharing charts and ideas is a profitable trader. In terms of ads, Technician has the least if any when using the free charts. TradingView has popup ads, which have to be closed and distract you from your analysis. FreeStockCharts has constant ads shown. These typically don't distract you from your analysis, but they do reduce the size of your charting area.
Once you start day trading , your broker will provide real-time quotes, and you likely won't need these sites as much. Many brokers also offer demo accounts with official real-time quotes, but there is typically a cap on how long you receive free official quotes for.
Updated September 22,More...