MES1! Charts and Quotes — TradingView (2024)

FAQs

What platform is better than TradingView? ›

The best overall TradingView alternative is eToro. Other similar apps like TradingView are MetaTrader 5, Binance Broker, E*Trade Web Platform, and Kite. TradingView alternatives can be found in Financial Analytics Software but may also be in Brokerage Trading Platforms or Investor Relationship Management Software.

Today we'll discuss how regular folks can trade Micro E-mini futures on TradingView, a platform celebrated for its sophisticated charting and analysis tools.

The ticker symbol for Micro E-mini S&P 500 Futures contracts is MES.

We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for Professional (Commercial) traders.

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

For starters, Tradovate has a low, set cost for trading mini and micro index futures and has a $250.00 minimum to open an account.

All of CME Group's data is available on TradingView for free in 10-minute-delay mode. You can also subscribe to CME, CBOT, COMEX, NYMEX real-time global commodities for just $7.00 per month to really upgrade your analysis and trading firepower.

Micro E-mini futures work just like classic E-mini index futures in that they allow you to effectively buy or sell a well-diversified portfolio of stocks, depending on your opinion of the overall stock market. The difference in the two products is their size; Micro E-mini futures are 1/10 the size of a classic E-mini.

For example, the maintenance margin—the minimum amount of money a trader must maintain after opening a position— currently (or as of February 2023), for one Micro E-mini S&P 500 futures contract (/MES) is $1,200. For the E-mini S&P 500 contract (/ES), the maintenance margin is $12,000 per contract.

Can you lose more than you invest in futures? ›

Keep in mind speculating on futures can result in you losing more than your initial investment. Learn about the uses and risks of speculating with futures: "How to Speculate with Futures."

What futures are most profitable? Trading in futures markets such as the Micro E-Mini Russell 2000 (M2K), Micro E-Mini S&P 500 (MES), Micro E-Mini Dow (MYM), and Micro E-Micro FX contracts can be highly profitable due to their distinct market characteristics.

Where NQ futures have a contract size of $20 x Nasdaq-100 Index, MNQ futures have a contract size 1/10th of NQ futures — $2 x Nasdaq-100 Index. The difference in contract size also impacts their minimum tick values. NQ futures have a minimum tick value of $5.00, whereas MNQ futures are at 1/10th of the value at $0.50.

The index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. The Mini NASDAQ-100 Index is based on 1/10th the value of the NASDAQ-100.

The Verdict: TradingView Pro+ Takes the Lead

The Bottom Line: Yes, TradingView Pro is worth it (though I recommend you use TradingView Pro+, more on that later). TradingView emerges as the top charting platform in 2024, excelling in features, speed, ease-of-use, coverage, reliability, and affordability.

TradingView is the best website for stock charts. The free version gives you access to a wide array of indicators, drawing tools, and different visualization options for your stock chart.

Why choose Koyfin over TradingView. TradingView is great for technical analysis but lacks the data and analytics needed for fundamental analysis. Koyfin provides essential tools like historical Financial Analysis, Wall Street estimates, company filings and transcript search.

In conclusion, both TradingView and Investing.com have their own strengths and weaknesses. TradingView is particularly favored for its powerful charting capabilities, customization options, active social trading community, and various subscription plans catering to different needs.