NinjaTrader was founded in 2003. It offers active traders software and brokerage services. The NinjaTrader app is free to use for charting, market analysis, and live trading with a funded account (the SIM version is free, even without a funded account).
To access the premium features of the platform. For instance, advanced order forms, automated trading, and back testing. Therefore, you’ll need to rent or purchase the app (from $60/month to lease; $1,099 one-time payment to purchase).
The premium feature Order Flow+ package, which allows you to analyze trade behavior using order flow, volume bars and market scope, is only available with a lifetime license.
The NinjaTrader platform is perfect for those active traders who want lots of tools for technical analysis. The platform offers excellent charting, real-time analysis, interactive technical indicators, Chart Trader (a chart-based order entry tool), and thousands of third-party developer applications and add-ons.
NinjaTrader as a brokerage provides exposure to the futures and Forex markets. The firm has collaborated with many supportive brokerages, including Interactive Brokers and TD Ameritrade, to provide customers with access to other markets, including futures, CFDs, and stock options.
After you know the NinjaTraders as a brokerage, there are also Pros and Cons behind it. Here are the things you need to know.
Pros
- Excellent charting, excellent tools for technical research, and partial and full automation of the strategy
- The NinjaTrader Ecosystem includes thousands of third-party applications and add-ons
- Know the platform and trade before you gamble real money
- Video library, app guides and free daily webinars
Cons
- With a supported account, basic platform features are free, but you will have to pay to access premium features
- Simple setup for futures and Forex traders but you’ll need to use a trading equity support broker
- NinjaTrader brokerage clients should use the smartphone app CQG, but if you use another broker, there’s no app (yet)
The NinjaTrader app has clean charts which can be completely customized. Changing colors (for backdrop, crosshair, gridlines, text, etc), fonts, and bar spacing/width and the overall layout of your chart windows is simple. It is very easy for you, especially as a novice trader who need learn more about Forex and trading.
