Because the futures market is extremely liquid, order execution speeds for futures contracts are usually very fast. You should have substantial buying power in your brokerage account, although you will be paying $1,099 for one-time fees and possibly hundreds of dollars per month for market https://broker-review.org/ prices. However, investors can also benefit from the free resources provided by NinjaTrader’s end-of-the-day charting. TradingView is an excellent alternative for investors who rely on Technical Analysis. This is a huge advantage for fast order execution and trading from trading software.
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. 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.
- However, NinjaTrader’s greatest strengths are automation, so a broker connection is required.
- This includes advanced charting functions, market analyses, the development of automated trading strategies, back-testing, market analytics, various optimization functions, and trading simulations.
- While the technical data is comprehensive, you’ll have to use another resource for fundamental information if you need that type of analysis.
- Lastly, you need to understand how futures trading works in the first place.
Trader + and Order Flow + and paid services that traders can upgrade to, but the core essentials are free for the lifetime of the account. The trading platform offers an innovative market replay function which is useful for backtesting. On a tick-by-tick basis, users can download historical data, rewind to a specific day and interact as if it were live. The feature is great for general practice or when testing out a new strategy such as with Fibonaacci levels.
How to Start Trading with NinjaTrader
One who wants to own a flat-rate account and save on pay-per-trade costs can buy a lifetime license for $1499. This broker platform is integrated with reputable cloud-based trading services, namely TradingView, Collective2, and Jigsaw. NinjaTrader’s headquarters are located in Chicago and Denver, United States. It is incorporated with several financial services providers, including Forex.com, Interactive Brokers, CQD, FXCM, TD Ameritrade, Oanda, and City Index.
NinjaTrader Review Summary
This includes advanced charting functions, market analyses, the development of automated trading strategies, back-testing, market analytics, various optimization functions, and trading simulations. So if oanda review you want, you can get everything from an account, trading software, and data feed to an online brokerage solution from a single source. Which combination I prefer and why you’ll find out a little later.
Leverage NinjaTrader’s most powerful futures trading platform experience
Tradovate offers various versions compatible with many distinct formats. Besides, the longer term of the demo account is another benefit of this platform. The latter (automation) can be done from within NinjaTrader’s user interface.
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. In addition, the broker offers competitive spreads and a high-speed execution service for forex currency pairs. As a result, there are tons of pre-configured trade strategies. NinjaTrader is completely free to use with the Kinetick Datafeed for trading strategy development, simulation trading, and your first steps in this trading software.
Setting Up Your Account
While the platform offers futures trading opportunities for seasoned investors, there are also tools and features for those getting started. For example, NinjaTrader offers unlimited simulated futures trading, so newcomers can try out their strategies in real time and see how they do without putting their money on the line at first. These tools earn NinjaTrader a spot on our list of the best platforms for trading commodities. The platform also offers unlimited support and daily training options, as well as a 24-hour emergency trade desk. Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment.
The partial and full strategy automation features are useful additions to the platform, and it’s possible to work with a NinjaScript programmer to design your own technical indicators and strategies. Of course, you can do this on your own if you have experience coding and want to learn something new. 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.
Discover Trade Ideas
For popular day trading futures such as the S&P 500 (ES), the day trading margins are $500. Commissions may be negotiable and may change from time to time as regulatory, clearing fees or commissions rise or fall. Upon setting up your demo account, you will receive information on setting up a real trading account. If you opt to trade futures, the information will come from Global Futures; if you opt to trade forex, the information comes from NinjaTrader Brokerage. These brokers offer multiple trading platforms, so during the account opening process email your representative stating you wish to trade with NinjaTrader.
For critical trade issues, NinjaTrader provides direct phone support for brokerage clients. International traders are also directly supported with dedicated Spanish, Russian and German brokerage service teams. NinjaTrader’s online support team excels in prompt replies with inquiries addressed within 15 minutes during market hours. An active user community interacts directly with the NinjaTrader support team in their User Forum. They also host daily live training webinars, have hundreds of on-demand training videos, and more. 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.
One reason for the great popularity is the open user framework. Download NinjaTrader’s award-winning software for FREE and see why it’s consistently voted an industry leader by the trading community. NinjaTrader is always free to use for advanced charting, backtesting and trade simulation. In order to use Ninja Trader with Global Futures/Ironbeam, you’ll need to purchase NinjaTrader software.
The only thing I think is missing is a self-learning functionality based on artificial intelligence. And this is where I see the particular strength of trading software. Because you can ultimately create fully automated trading systems, they trade up and down the markets for you according to your specifications. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. NinjaTrader offer a huge range of help guides, video tutorials and webinars, both for beginners, and also for advanced traders looking to get the most out of the system.
In my opinion, manual trading cannot make money with technical analysis, but it can with automated procedures. The trading platform can be connected to the free Kinetick data with just a few mouse clicks. Once configured, NinjaTrader can be started simultaneously via the Kinetick feed, including the stock exchange prices. Day traders are well catered for with a wide range of tools and features on offer.
Clients will have access to an active community, a broad range of educational resources and flexible options for customization. The platform caters to online traders across asset classes and global markets. Costs are reasonable and there are free indicators and resource options available. Demo accounts are available to traders trying advanced features, technical indicators, mobile app for trading, order types, and market analysis tools.
This package, when combined with the free version, is unbeatable. Unfortunately, even though the software provider has deliberately prioritized it, having access to state-of-the-art technologies for free is not an option. This is a great feature, as intraday data is free to open a TradeStation account. This NinjaTrader Review will tell you more about my experiences with the product and provide an overview of its key features and functionalities.
