If you trade with IB and want to use NinjaTrader, you’ll still need to buy or lease the NinjaTrader platform. One of the best features for day traders, aside from nearly endless programmability and add-ons for trading, is the Market Replay. The Market Replay feature lets you download past trading sessions and trade them as if you were trading live—in real-time. It’s an awesome learning tool and allows you to accelerate your learning by trading multiple sessions in a single day.

  1. As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading.
  2. You connect to Kinetick EOD data within your NinjaTrader software, and that’s it.
  3. Then scroll down and enter your basic personal information including an email address and your location.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular https://broker-review.org/ trading program in spite of trading losses are material points which can also adversely affect actual trading results. Third-party trading on NinjaTrader requires either licensing or buying the software. The leased version of the software comes with significantly fewer data features, in addition to costing almost as much, so there’s little reason to choose that option.

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Also note that all plans from NinjaTrader (including the free plan) come with access to the platform’s desktop and mobile app, so you can trade on multiple devices and on the go. 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. All things considered, NinjaTrader excels at providing a friendly trading environment for traders of all levels.

NinjaTrader is worth buying once a consistently profitable trading strategy has been identified using the free version. The paid version connects NinjaTrader with the broker platform via API and enables live trading with real money. The minimum account axitrader review deposit starts at $400, and margin for micros is at $50 per contract and for E-Mini at $500 per contract. Order execution speed of futures contracts is usually fast since the futures market is highly liquid and independently from the platform used.

NinjaTrader Review FAQs

Topics include connecting to data, one-click order entry, how to set up a workspace, basic chart creation, advanced settings, and strategy automation. Trade how you want, where you want through interfaces designed for fast, informed decision making in our professional futures trading platforms. NinjaTrader’s lifetime plan requires a one-time fee of $1,499, which qualifies the user for the lowest possible commissions. This plan also comes with order flow and add-on included, which has the potential to lower additional trading fees as well. NinjaTrader delivers integrated multi-device trading using a cloud-based technology designed for active futures traders.

Futures Trading Outlook: Jobless Claims, CPI Reports Could Impact Futures Markets this Week

Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

NinjaTrader vs. Tradovate: Which is better?

NinjaTrader offers great-looking charts with excellent customization and functionality. The platform and brokerage are both geared toward active futures and forex traders who need a solid technical analysis platform. The NinjaTrader brokerage supports futures, options on futures, and forex trading.

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). Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life. The NinjaTrader platform provides a high-performance backtesting engine which allows users to test and verify futures trading strategies using historical data.

NinjaTrader are monitoring demand for a Mac version of the platform, and one may be developed, but as yet, there are no plans to do so. The platform delivers over 500 major enhancements including more configurability, data and performance upgrades and improvements to the alerting features. Additional user-led improvements are reportedly also in the pipeline.

It offers two services, both available through the same platform. First, this is a charting and market analysis platform which connects to third-party brokerages and lets you use their data. Second, this is an online brokerage which directly supports derivatives trading (futures and options) and foreign exchange. Tradovate is a futures trading software company that specifically focuses on this type of investing without offering other options or trying to be a “one-stop shop” for investors.

NinjaTrader Brokerage offers live trading to its customers when they open an account. To avoid paying license fees, it is unclear if one is doing oneself a favor and tying himself to a broker. The trading platform can be connected with free Kinetick data with a few mouse clicks. After configuration, NinjaTrader can also be launched simultaneously through the Kinetick feed.

A quick chart export, and you have your perfect trading journal. Because in the chart itself, you can also add and save text annotations. Besides, Kinetick provides a data feed for stock quotes that enables the free use of end-of-day data within the NinjaTrader 8 platform. (End of Day means by the way that the smallest time unit is “days” and, e.g., hours or minute charts cannot be displayed). Charting market data on your mobile device and mobile trading is currently not supported.

Gasoline Futures
Gasoline futures are an important energy market that can be influenced by economic conditions, making it an efficient way to trade price fluctuations in gasoline. Here is a clever alternative for those of you who are okay with using NinjaTrader 7. You can connect NinjaTrader 7 to your Brokerage Account at TradeStation and use any data you have at TradeStation. That’s a pretty cool thing since intraday data doesn’t cost anything if you open an account with TradeStation. Futures contracts provide significantly more buying power than stocks, enabling you to control large contract values with a smaller amount of capital. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

Powerful and Flexible Futures Trading Platform Options

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. The terminal allows automatization of trading strategies in NinjaScript as well as third party applications.

Use our order flow visualization to identify buying and selling pressure and confirm market movement in a specific direction as trades unfold. Meanwhile, sell orders have you enter new short positions, add to one you already have, reduce an existing long position, or close a long position you already hold. You also have to select an order price that you hope to achieve. For example, a “bid price” is the current highest price you may be willing to pay to execute a trade, whereas the “ask price” is the lowest possible price you would be willing to sell at. Trading futures with NinjaTrader requires you to make quite a few decisions up front, and to come up with some sort of trading plan.