Futures traders can use NinjaTrader 8
Futures traders are the primary target market for NinjaTrader’s brokerage services. It offers limitless free usage for sophisticated charting, market analysis, and simulated trading, making it the ideal location for both experienced and novice traders.
Expert Traders
Modern trading platform NinjaTrader offers a variety of features across three licensing levels, letting users choose the one that best suits their trading style. Trader + and Order Flow + are the two upgrade feature sets that are available.
Even though sophisticated charting, market analysis, and simulated trading are available for free to all users, licensing Trader + or Order Flow + gives you access to premium tools like an improved SuperDOM, a sophisticated alerting system, semi-automated order execution, volumetric bars, and other advanced charting systems.
Engaged Traders
Traders can keep their costs down on a per-contract basis because the commission is among the lowest in the business. Active traders will greatly benefit from NinjaTrader’s modest margins. The trading platform’s many technical analysis capabilities enable users to locate opportunities and control execution in choppy markets.
tools and platform of NinjaTrader 8
On Windows-based desktop computers, NinjaTrader’s flagship advanced trading platform is available. On request, more third-party platforms are supported and made available. If you have a Mac, you can utilize a multi-boot program like Apple Boot Camp to execute the software.
When beginning off with trial trading, NinjaTrader’s extensive set of technical analysis tools might be helpful, particularly if you want to learn how to trade futures.
The broker supports both order execution through Rithmic and CQG (Continuum) for order routing. In addition, Kinetick offers a free end-of-day market data source for stocks, futures, and currency data that is tailored specifically for NinjaTrader’s platform.
You can sign up for a free 2-week trial of the NinjaTrader platform if you’re interested in using futures data.
All funded brokerage accounts come with a free NinjaTrader platform that contains all the essential tools required for live trading, including access to charts, market analysis, and simulated trading.
You can either lease the software starting on a quarterly basis if you want to access some of its more sophisticated features, or you can buy a lifetime license that comes with free upgrades for life.
NinjaTrader really shines with the more complex tool sets. The Trader + feature package, for instance, includes complex order types referred to as automated trade management (ATM) methods. These are a set of particular guidelines you develop to control a collection of stop-loss and profit target orders that can be used to close out all or a portion of an open position.
You may utilize thousands of third-party apps and add-ons with NinjaTrader’s trading platform thanks to the community of third-party developers known as the NinjaTrader Ecosystem. Using the keyword search and filters on its website, you can browse through hundreds of custom tools and trading indicators designed to work with NinjaTrader.
Within its sophisticated C#-based development environment, you can create appropriate software if you are skilled in programming.
Research Instruments for NinjaTrader
A high-performance backtesting engine is available on the NinjaTrader platform, allowing users to test and validate futures trading methods using historical data. If you’re not familiar with the platform and want to improve your skills, there are many helpful training resources available.
These include hundreds of on-demand training videos, assistance articles, and an educational YouTube channel, as well as daily training webinars made to introduce new users to the potent tools at their disposal.
The commission and fee structures of NinjaTrader are among the most affordable in the sector. To open a new account, a $1,000 minimum initial deposit is needed, and commissions on microcontracts with a lifetime license start at $.09. Day trading margins for ES, NQ, and YM contracts are $500, while they are $400 for GC and CL contracts, both of which are extremely low.
The broker’s cutting-edge platform and live data are available for usage in a demo account without incurring any platform fees. You can utilize their free platform for live trading, which includes all the necessities, or you can choose a paid license level for more sophisticated features and cheaper commissions.
The trading platform software’s advanced trading management (ATM) and strategic order handling are two of a number of premium features that are available if you lease or purchase a lifetime license for it. The Order Flow feature set, which includes free platform upgrades for life, is also included for traders who purchase a lifetime license.
security of NinjaTrader
The National Futures Association and the Commodity Futures Trading Commission (CFTC) closely monitor NinjaTrader in the US.
NinjaTrader’s Customer Service
During market hours, NinjaTrader’s online support service excels at providing quick responses, responding to questions within 15 minutes. In the NinjaTrader User Forum, a vibrant user base engages in direct communication with the support staff. Additionally, they have hundreds of on-demand training videos, daily live training webinars, and more.
Email, phone, and an online help form are all available for contacting NinjaTrader’s customer service. NinjaTrader offers direct phone help to brokerage clients for urgent trade concerns. German, Spanish, and Russian-speaking brokerage service teams are all dedicated to providing direct help to international traders.
Classes of Tradeable Assets on NinjaTrader
A basic selection of asset classes is available through NinjaTrader brokerage, with a concentration on futures trading on the CME, CBOT, NYBOT, and Eurex exchanges. Through NinjaTrader, you can trade the following asset classes:
Futures, Forex, CFDs, and stocks
To trade equities, the platform can also be accessed through additional supporting brokers like TD Ameritrade or Interactive Brokers.
NinjaTrader’s User-Friendliness
It’s important to spend some time on the forum and watch the tutorial videos after downloading the NinjaTrader platform. Setting up your ideal dashboard may take some time.
Although NinjaTrader’s platform is very flexible and has a wide range of sophisticated capabilities, it might not seem simple to use when you first download it.
NinjaTrader security
NinjaTrader uses encryption wherever it can for the login process and is also governed by the Commodity Futures Trading Commission (CFTC) and the National Futures Association.
Of course, there is a significant danger of losing money when trading. Always carefully consider whether such trading is appropriate for your situation and available resources.
