The Youtube channel also hosts videos, but these are particularly short. Webinars last much longer and traders need to sign up, but these get into much more detail and offer more depth.
The NinjaTrader demo account is a fantastic opportunity for beginners to get familiar with both markets and the trading platform. Plus, downloading their demo account software is straightforward. Then scroll down and enter your information for a demo account. All you will need is an email address and to fill in your location. Aspiring scalpers can hone their craft on Heiken-Ashi charts, whilst having access to playback functions, market and volume profiles, and more.
Then once you have built up your confidence, you can open a live trading account, funded with real capital. Once you sign up and log in with a demo account, you will also be sent information from the NinjaTrader brokerage. The NinjaTrader 8 release was highly anticipated.
The 8 system requirements remain similar to that for the 7, so if you have one you should be able to migrate to the other without too much hassle. You can use the 8 on Mac or Windows. In fact, many traders point out much of your knowledge and experience on NinjaTrader 7 will be directly applicable in the 8 download. NinjaTrader 8 tutorials, strategy builders, and backtesting guidance can all be found by heading to their trading forum or library of training videos.
Also, it is worth noting that, unfortunately, there are zero NT 8 mobile capabilities. NinjaTrader exists as a broker independent trading platform. However, there are a number of supported brokers from the UK and elsewhere.
In effect, NinjaTrader holds a multi-broker license. This gives you, the trader, the choice on where you execute your trades. However, there is some risk of communication delays between some platforms. So, if you want a smooth transition from platform to broker, you may want to select one of the brokers currently available through the NinjaTrader Brokerage. They also support the majority of leading independent market data service providers, such as Kinetick.
Overall you have a generous choice of forex brokerages and futures brokers where you can use your NinjaTrader software. In fact, you can choose from a number of internationally supported broker technologies, including:. See their brokerage website for a full instrument list, including equities, forex, and futures.
In the day trading game, every second costs money. Dan Schmidt. Contributor, Benzinga. June 29, Pros Powerful analysis tools Free download and simulated trading Open source trading apps to enhance experience.
Cons Can only trade derivatives like futures and options. Table of Contents [ Hide ]. NinjaTrader Overall Rating. User Reviews. How do you use this product to boost your finances? Dean M. User comment. More on Futures.
Best Futures Brokers. How to Trade Futures. Futures vs. Forex vs. Are Futures Riskier Than Options? Best Futures Scalping Strategy.
Best Futures Trading Courses. Best Futures Trading Indicators. Best Futures to Trade. Best Strategies for Futures Trading. Crude Oil Futures Explained. Eurodollar Futures. That software provides you with data charting, customization and trading tools. You then select a brokerage or market data feed to work with.
NinjaTrader connects to that service, and you use this trading software to see your third-party brokerages data and order trades. Retail investors may be a little unfamiliar with this two-step relationship, since most trading platforms present the software and the brokerage in one package. NinjaTrader is different. This may be one of the most customizable trading programs on the market today. Not only can you select the broker that you want to do business with, but your options for building the software and its data sets are truly vast.
NinjaTrader offers well over individual technical indicators that you can either track individually or combine into tables and charts based on your own, personal trading strategy. 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. This Chart Trader tool allows you to select assets and make trades directly from within your charts, a feature particularly useful to day traders who may not want the delay of even building an order ticket before moving on an asset.
The program also supports automated and algorithmic trading. However, this also means that especially trading beginners can quickly lose themselves in detail. But is it as good as it sounds? This NinjaTrader review tells you more about my experiences and provides an overview of the key functionalities and features. The company was founded in and is located in Denver USA. NinjaTrader is the current trading platform, Kinetick a data feed and NinjaTrader Brokerage, a brokerage solution for forex and futures traders.
So if you want, you can get everything from an account, trading software, and data feed to an online brokerage solution from a single source. With innovative and groundbreaking new functionalities, Version 8 will make private investors even better prepared for the daily challenges of the stock markets and foreign exchange trading.
NinjaTrader has integrated stock screener and stock scanner functionalities along with programming options in C and automated trading features. In my opinion, NinjaTrader is intended primarily for active day traders who are not afraid to write a few lines of program code in C. While the standard functionalities are indeed very solidly implemented, NinjaTrader can only develop its full power with the programming of individual trading strategies.
As you know, I am a friend of automation and structured processes. 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. NinjaTrader 8 is designed specifically for active traders who buy stocks, trade futures and forex markets and favor one-click solutions and automated exchange transactions.
They have already won numerous awards and continue to develop their trading platform. One reason for the great popularity is the open user framework. This means nothing more than that it is by no means a closed system, but individual components such as indicators and strategies can be developed and used.
The integration of third-party tools is also possible. Thus, users of the software can create their indicators and drawing tools, layouts, and partially automated systems. NinjaTrader is an excellent addition to the trading tools of an online broker. This includes advanced charting functions, market analyses, the development of automated trading strategies, back-testing, market analytics, various optimization functions, and trading simulations.
Interested investors have the opportunity to test NinjaTrader 8 intensively and even place simulated orders on the stock exchanges in real time. Only traders who want to execute their live trades with a real money account need to buy a license or use the paid leasing model.
However, until then, it is possible to work cost-efficiently without investing one dollar in the trading platform. A clear plus.
NinjaTrader can be used without restriction for simulated trading under real market conditions paper trading to develop trading strategies. The current version now also has a good trading journal that leaves nothing to be desired and has all important key figures firmly integrated.
This makes the creation of a trading journal even easier. Charting market data on your mobile device and mobile trading is currently not supported. We have to wait for a couple of reviews once the app, which is now in development status, is published. Whether day trading, swing trading, scalping, FOREX, futures or equities, discretionary or automated, NinjaTrader 8 offers the perfect mix for every trader. The only thing I think is missing is a self-learning functionality based on artificial intelligence.
With a selection of more than 1, apps and add-ons, the platform can be expanded according to your preferences and ideas. Private investors are supported, in particular by the free version when learning to trade. This is because trading strategies can be created and tested with the integrated paper trading functionality.
A further advantage: The platform can be used free of charge for almost the entire range of functions. As soon as you are ready for live trading, various options are available for using the software, e. As already mentioned, the exchange software can be either rented or purchased for unrestricted use.
For investors who want to use NinjaTrader 8 live over a long period, the Lifetime license certainly offers the best price-performance ratio.
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