For popular futures such as the E-mini S&P 500 , day trading margins are US$500. Commissions vary depending on whether you buy the NinjaTrader platform (59 U.S. cents a side), lease it (89 U.S. cents a side), or use the free version (US$1.19 a side). Indicators, trading applications, charts, drawing tools, and automated trading systems can be installed or even independently developed and extended. Assuming you are familiar with the programming language C#. Because only with programming, you will be able to get everything out of the software and reduce the gap to the capabilities of institutional investors. 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#.
How do you buy futures?
Open an account with a broker that supports the markets you want to trade. A futures broker will likely ask about your experience with investing, income and net worth. These questions are designed to determine the amount of risk the broker will allow you to take on, in terms of margin and positions.
In NinjaTrader, strategies can be tested under real market conditions in real time before even a cent of risk capital is invested! A wide range of options is available, and it is an excellent way of trading, like in a demo account. The free version, which is included with all brokerage accounts is a great starting platform for new traders without the financial commitment. As you grow in your trading and are ready for more tools and functionality, you can add more complexity. NinjaTrader is consistently voted an industry leader by the trading community. Through a unique combination of high-performance trading software, discount brokerage & real-time support, we empowexcriticals to enter the futures markets. As we have already mentioned, NinjaTrader does not offer a mobile trading app.
Day-traders, who like to trade from the chart will especially like NinjaTrader. The Order Flow+ suite of premium features, which allows you to analyze trade activity using order flow, volume bars, and market depth, is available only with a lifetime license. Full BioJean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a company that has provided programming, consulting, and strategy development services to active traders and investors since 2004. The minimum deposit to open a futures trading account, with NinjaTrader Brokerage, is US$1,000.
Using the ‘Trade Performance’ window, you can see your net profit or the commissions you paid. We also liked that the platform will calculate Sharpe ratio, Sortino ratio and the Ulcer index, among many others. Now you can simply log in, if you click on the connection you set up, such as ‘My NinjaTrader Continuum’. After it’s activated , you’ll see your positions and can start trading.
How much money do you need for NinjaTrader?
To access the platform's premium features—such as advanced order types, automated trading, and backtesting—you'll need to lease or buy the software (from $60/month to lease; $1,099 one-time payment to buy).
However, before that, keep your money together and only invests if you can earn more than your investment. Futures trading can be done by using the NinjaTrader platform, but also other assets like stocks are supported within the platform. As already mentioned several times, NinjaTrader can be used free of charge as long as no broker is connected to the software via API-Connect. Since NinjaTrader has its most significant strengths in automation and a broker connection is mandatory, you come to the point where you have to think about the license model sooner or later. At this point, I would like to emphasize again that you should think about how and what you would want to trade on the stock exchange in advance. On the one hand, buying and selling can be done classically from the chart. On the other hand, partially and fully automatic trading strategies can also be tested.
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Simply put, if your account balance goes below zero, you will be responsible for paying the losses. Generally speaking, the fees and commissions charged by NinjaTrader are relatively low which makes it a great match for active day traders.
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. Thus, users of the software can create their indicators and drawing tools, layouts, and partially automated systems. NinjaTrader is 1 of thetop brokers for futures and forex trading.The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live. NinjaTrader’s state-of-the-art trading platform has a variety of featuresavailable across three license levels that allow traders to select the best fit for their trading approach. There are two upgrade feature sets available, Trader + and Order Flow +. On the plus side, we liked the low commissions.Its advanced platform is great for experienced traders, especially for futures traders.
Tables of average spreads for currency and currency forward trades are available on the website. Order-cancels-order functionality that provides a great way to manage multiple trading strategies at one time.
Over 75 properties to personalize the look and feature selection. To import indicators into the NinjaTrader platform simply download the indicator in a compressed .zip file. Then from the control center window select File then Utilities and Import NinjaScript. NinjaTrader will then confirm that the import has been successfully installed. Let’s take a closer look at why eToro secures the number one spot on our top recommended brokers for 2022. To add new assets to the instruments list simply type the name in the search bar or browse through the relevant asset categories. Micro futures give you the chance to trade top trending equity index contracts at a portion of the cost.
The educational material provided by Ninja is well structured and they have an active user forum as well. The NinjaTrader platform is geared toward active traders—not long-term investors. As a result, it doesn’t offer any xcritical reviews portfolio analysis tools or reports that would help buy-and-hold investors make decisions about asset allocation or specific holdings. If you like the trading experience, you can transition to a funded trading account.
NinjaTrader was first launched in 2003 and is registered with the National Futures Association, and as a result is permitted to provide introducing broker services for other brokers. There are three separate licenses you can choose from with NinjaTrader including Free, Lease, and Lifestyle. The NinjaTrader platform is perfect for active and experienced traders who are looking to use advanced charting tools and features. NinjaTrader only supports futures and options on futures trading.
This is because trading strategies can be created and tested with the integrated paper trading functionality. https://xcritical.pro/ NinjaTrader has become one of the best stock analysis software platforms and is mainly used by day traders.
The range of functions is enormous, and the possibilities seem endless. However, this also means that especially trading beginners can quickly lose themselves in detail. NinjaTrader is an end to end trading solution for active traders of stocks, futures and forex. NinjaTrader can be reached byemail, phone and an online support formfor customer service.
NinjaTrader is one of the most popular trading platforms for futures and foreign exchange day traders. It’s simple to use and designed foxcriticals who want to customize their platform for quick trade executions and efficiency. You can also connect your best brokerage account to NinjaTrader using the real-time data feed of your broker. If you want to use NinjaTrader combined with a broker, you should make sure that you choose a compatible broker when comparing brokers. 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. The NinjaTrader desktop trading platform might be too complex for beginners, but for advanced users, this is where NinjaTrader really shines.
And if you don’t have a real-time feed yet, you can also take a closer look at the in-house Kinetick data feed. NinjaTrader is one of the few tools out there, giving day trading beginners an excellent chance to start effectively and efficiently. Because it can be used for free, and you get a good understanding of how financial markets work.
What Can You Invest in and Trade on NinjaTrader?
Besides providing the software, NinjaTrader is a registered NFA company and an introducing broker of brokers like Phillip Capital and Dorman Trading. The introducing broker status means that your assets and cash are held with a broker, like Phillip Capital, but the platform, fees and customer support are provided by NinjaTrader. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.
In our review, we tested NinjaTrader’s platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker, regulated by top-tier financial authorities such as the US Commodity Futures Trading Commission and the UK’s Financial Conduct Authority . NinjaTrader is a US-based software company that provides a great trading platform with advanced research tools. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology. The platform is robust with lots of tools and resources, and it takes some time to learn how to use all the features.
The opening of a NinjaTrader account via PhilipCapital is fully digital and straightforward. For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. The offers that appear in this table are from partnerships from which Investopedia receives compensation.