The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO). 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 beaxy exchange review indicators and strategies. Of course, you can do this on your own if you have experience coding and want to learn something new. NinjaTrader delivers integrated multi-device trading using a cloud-based technology designed for active futures traders. Take control of your trading journey and trade how you want, where you want.
NinjaTrader connects to that service, and you use this trading software to see your third-party brokerage’s data and order trades. The brand offers a sophisticated trading platform with multiple charts and a range of features including market data services. Thousands of third-party apps, as well as add-ons, allow for customization, fast order execution, and advanced market analysis. In what may be one of the more clever details among trading platforms, NinjaTrader even allows you to trade directly from within your charts and tables. You can build automated orders to execute on certain conditions, and can also do so from within your charts, as well as scripting algorithms to guide your portfolio.
Desktop, Web and Mobile
Where the monthly plan through Tradovate costs $99 per month just like with NinjaTrader, the lifetime plan through Tradovate costs $199 per month prepaid annually (or $2,388). Interestingly, the fees for standard and micro contracts for each plan tier through Tradovate are almost identical to those through NinjaTrader. Coinbase Derivatives offers highly correlated futures products with no market data fees and smaller, more affordable contracts than the competition. Gain exposure, manage risk and expand your trading portfolio to capitalize on the most liquid markets around the world supported by NinjaTrader’s futures trading brokerage.
NinjaTrader is a unique futures trading provider, centralizing all the tools and services needed for both new and experienced traders to enter the global futures markets. NinjaTrader offers the chance to trade futures on its desktop platform, yet it also has a robust mobile app that offers many of the same features and functions. Users can even download the NinjaTrader app without setting up an interactive brokers scam account on the platform, which gives them the chance to try out the app functions and see what’s available before they get started trading. There are a number of reasons why traders of all skill levels diversify their portfolios with futures. Not only do they offer flexible sizing that allow those with less capital to enter the market, but they also allow for near-24-hour-a-day opportunities.
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. 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.
Can You Day Trade On The NinjaTrader Platform?
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. Futures trading is a type of investment that has the user buy or sell a commodity, asset, or security at a future date for a set price. This makes futures trading a speculative investment, betting on the future price of a commodity, asset, or security with the goal of deriving profit. Third-party trading on NinjaTrader requires either licensing or buying the software.
NinjaTrader and the community’s ecosystem has a wide selection of educational videos, webinars, and documentation. Vendors provide much of the education, which includes promotional material for vendor systems, add-ons, and plugins, but we didn’t see this as a negative. The existence of a robust ecosystem of other users and professional developers will likely keep the flow of education and ideas fresh.
- Adapting this setup for mobile devices running iOS or android is not currently on the NinjaTrader development path.
- Download NinjaTrader’s award-winning software for FREE and see why it’s consistently voted an industry leader by the trading community.
- The fact that NinjaTrader has been around since 2003 is definitely a good sign.
- All plans include access to the NinjaTrader Desktop, Web and Mobile apps for a seamless multi-device trading experience.
At the same time, NinjaTrader simply doesn’t support the assets that most investors will want to purchase. Investors who want to buy stocks will have to look elsewhere, and the okcoin review software has no native support for mutual funds or bonds at all. The company also provides brokerage services to support both forex and futures traders with discounted pricing.
For live brokerage accounts, NinjaTrader uses CGC Continuum as its primary data provider. The platform interface offers high-level customization, including backgrounds, fonts and bar spacing. Users can also insert technical indicators and drawing tools as well as change overall chart layouts. NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported as well.
It’s easy to change colors (for background, crosshair, gridlines, text, etc.), fonts, and bar spacing/width as well as the overall layout of your chart windows. You can easily insert technical indicators, strategies, and drawing tools, which are all customizable within the chart. Tradovate also offers the option to trade futures from desktop, mobile, or tablet, and it includes more than 40 advanced trading tools. This platform also lets you get started with any amount with day trading margin requirements with a minimum $10. In the world of forex trading, having access to the right tools and platforms is crucial for success. One such platform that has gained a lot of popularity among traders is NinjaTrader.
NinjaTrader is a leading trading platform that provides traders with advanced charting, analysis, and order execution capabilities. It is a comprehensive trading software that offers a wide range of features and tools for traders of all levels. NinjaTrader supports a variety of markets, including forex, futures, stocks, and options, making it a versatile platform for traders in different markets. In terms of futures trading, TradeStation offers investments into traditional futures contracts as well as mini futures contracts. Like NinjaTrader, TradeStation offers tools and training options as well as simulated trading, backtesting based on historical data, and charting. TradeStation also lets you fund your account with any amount to get started with futures trading, although the company’s fee and margin rates vary.
Award-Winning Futures Trading Platforms
Simply head over to their website and select Trade Futures or Trade FX. Then scroll down and enter your basic personal information including an email address and your location. You will then receive an email with your login details and information on how to download their platform (if you haven’t already done so). Fortunately, NinjaTrader does provide a suite of resources to help you get the most out of the terminal, from daily webinars to training videos, a blog, and help guides. There is also an active user community you can turn to for additional support. Chart Trader also allows traders to modify and execute orders directly from the trading chart.
Target opportunities in the world’s most popular oil market
In fact, professional traders working in specialty niches will find this an extremely valuable software suite. It lacks many of the features and assets that those traders will look for, and you can find the same tools on full-service platforms which come without NinjaTrader’s complications. 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.
A $1,000 minimum initial deposit is required to fund a new account and commissions go as low as $.09 per Micro contract with a Lifetime license. Day trading margins of $500 for ES, NQ and YM contracts, and $400 for GC and CL contracts are also very low. 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. From its website, you can use the keyword search and filters to scan hundreds of custom tools and trading indicators built to work with NinjaTrader. Day traders are well catered for with a wide range of tools and features on offer.