NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage. The NinjaTrader platform provides a high-performance backtesting engine that allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request.
The existence of a robust ecosystem of other users and professional developers will likely keep the flow of education and ideas fresh. NinjaTrader offers several weekly webinars and recorded videos intended to help you get the most out of the platform. A limited amount of non-platform related educational content is on the NinjaTrader blog. All of NinjaTrader’s educational offerings can be accessed for free by anyone—clients and non-clients alike. A great feature of the platform worth mentioning is the ability to place simulated trades, complete with an imaginary account and profit/loss summary. NinjaTrader can be reached by email, phone and an online support form for customer service.
Advanced Traders
Besides advanced charting and market depth tools, there are limited resources for research or insights within the platform. As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading. From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful. The platform, indicators, and other features are customizable at a very granular level, which is important for active or professional traders.
NinjaTrader’s modern-design quotes allow traders to clearly see the state of the market, rapidly analyze the data, and act quickly to make an informed trading decision. NinjaTrader provides 24/5 and weekend technical support, along with a 24-hour trade desk for emergencies and live orders. Live chat help is available on weekdays on the NinjaTrader website, and the response times were https://www.day-trading.info/ reasonable. Visit NinjaTraders Contact Us page to call, email, or submit a support request. For example, sophisticated order types known as automated trade management (ATM) strategies are included in the Trader + feature suite. These consist of a set of specific rules you create to manage a group of stop-loss and profit target orders to operate on all or part of an open position.
As you grow in your trading and are ready for more tools and functionality, you can add more complexity. Charting, analysis and simulated trading are all free on NinjaTrader so long as you set up a funded account with their brokerage. This requires a minimum balance of $400 for a futures account and $50 for a forex account. One of the more useful offerings on NinjaTrader is its livestreams. It has livestreams before the markets open and close every weekday with commentary, analysis, and trading opportunities.
- A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.
- Its primary feature is a truly vast degree of customization, allowing users to create bespoke charts and swap plugins to create just the right data environment for their trading.
- Thousands of third-party apps, as well as add-ons, allow for customization, fast order execution, and advanced market analysis.
- You can install third-party indicators and apps designed for use with NinjaTrader and build automated trading strategies.
However, if you do not want to download the latest version, the full NinjaTrader 7 version is still available to use. Minimum system and hardware requirements for NinjaTrader are industry standard, so most people should be able to download full versions of 7 and 8. Programming and coding manuals can then be found in their video library.
Trade Management
There are methods using Parallels or VMWare to get Ninjatrader working on Macs, but the these are not officially supported. NinjaTrader are monitoring demand for a Mac version of the platform, and one may https://www.topforexnews.org/ be developed, but as yet, there are no plans to do so. Since it was founded in 2003, the firm has expanded to support traders across the globe with offices in Denver, Chicago and Colorado, Illinois.
You can sign up for a NinjaTrader brokerage account, or one of its partner brokers, on the NinjaTrader website. NinjaTrader brokerage clients can use the companion CQG mobile app, available for both iOS and Android. While the app doesn’t use the NinjaTrader platform, it offers an intuitive interface with real-time quotes, charts, and analytics. It boasts easy-to-use trading and order management tools, advanced order types, dozens of indicators, and customizable charts styles and intervals.
Once you open your account, you can sharpen your trading skills in our FREE futures trading simulation. Equipped with professional market data, our trading simulator will empower you to join the live futures market with confidence. The NinjaTrader platform is geared toward active traders—not long-term investors. As a result, it doesn’t offer any portfolio analysis tools or reports that would help buy-and-hold investors make decisions about asset allocation or specific holdings.
It’s not a typical stock broker where you can buy and sell individual stocks, exchange-traded funds (ETFs), and other types of investments. Although it’s an excellent futures broker, it’s more limited than many competitors. There are plenty of brokers https://www.investorynews.com/ that offer futures trading and stock trading. The NinjaTrader brokerage supports futures, options on futures, and forex trading. If you want to trade equities on the NinjaTrader platform, you can go through one of NinjaTrader’s supporting brokers.
Again because NinjaTrader is primarily a futures and forex brokerage, financial statements, news, and economic data that you might find in other professional platforms are missing. While the technical data is comprehensive, you’ll have to use another resource for fundamental information if you need that type of analysis. Founded in 2003, NinjaTrader offers software and brokerage services for active traders. With a funded account, the NinjaTrader platform is free to use for charting, market analysis, and live trading (the SIM version is free even without a funded account). NinjaTrader’s brokerage services cater directly to futures traders. Their futures trading platform is the ideal destination for those both active and new, with unlimited free use for advanced charting, market analysis, and simulation trading.
Services and Features: What Does NinjaTrader Offer?
One of the main reasons to use NinjaTrader is the trading platform. It’s fast, which is especially important with futures, which involve active trading and investing with leverage. It has useful charting tools for technical analysis, thousands of apps and add-ons, and it’s fully customizable to fit your needs. For advanced futures traders looking for a platform that has it all, NinjaTrader is an excellent choice. NinjaTrader offers great-looking charts with excellent customization and functionality.
The platform is robust with lots of tools and resources, and it takes some time to learn how to use all the features. Fortunately, NinjaTrader hosts free weekly webinars to help you get started. Topics include connecting to data, one-click order entry, how to set up a workspace, basic chart creation, advanced settings, and strategy automation. NinjaTrader is one of the top brokers for futures and forex trading. The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live. NinjaTrader’s 3rd-party developer community, known as NinjaTrader Ecosystem, features thousands of 3rd-party apps and add-ons you can use with its trading platform.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Use our order flow visualization to identify buying and selling pressure and confirm market movement in a specific direction as trades unfold.
