NinjaTrader
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NinjaTrader – Platform Overview and Traders’ Feedback
NinjaTrader platform stands out as a favored choice among licensed trading software for navigating financial markets. Its reputation is built on its advanced chart customization, technical analysis tools, and automated trading options. The terminal opens doors to a wide array of asset types, yet its primary use predominantly revolves around speculative transactions in the Forex and futures markets.
Trading Terms and Platform Features
The NinjaTrader trading platform boasts an extensive array of chart types, timeframes, and technical analysis tools. Traders opting for this platform have the freedom to tailor the presentation of price charts in alignment with their unique trading strategies and visual preferences.
NinjaTrader is widely recognized for its robust support of automated trading strategies. The software empowers users to devise and assess their individual algorithms by harnessing NinjaScript, a programming language rooted in C# and conceived by the platform’s creator.
It’s even possible to seamlessly integrate third-party trading robots into the platform, allowing them to execute trades autonomously, without the need for user intervention. While a substantial portion of NinjaTrader’s toolkit is available free of charge, there are opportunities to acquire or rent indicators and strategy templates.
The terminal delivers unfettered access to both real-time and historical data spanning various asset classes, encompassing futures, forex, and equities. Its feature-rich functionality streamlines the order placement process, requiring only a few clicks to execute.
Traders are armed with an arsenal of trade management tools, affording them the flexibility to execute orders at market prices or specific price levels while imposing constraints on potential losses and profit locking upon reaching predetermined price milestones.
The platform also boasts a strategy testing function that capitalizes on historical data. This functionality is applicable to any broker whose attributes align with the criteria established by the developers.
Users of the terminal are responsible for covering the cost of access to its services and a licensing fee. Nevertheless, brokers often absorb this expense within the bid-ask spread and commission structure, rendering it inconspicuous to traders.
Investor Feedback
The NinjaTrader terminal receives favorable reviews, and it’s only natural – it’s licensed software, packed with all the essentials for trading.
Users who have grasped the program’s functionalities give it a “thumbs up,” much like Eduard’s positive assessment in his post.
Trader plastik77 drew a comparison between the platform and the genre classic, MetaTrader 4, concluding that the terminal service stands on an equal footing, making the two software options formidable competitors.
Maxim, on the other hand, characterizes the NinjaTrader platform in his review as software conducive to losses. In actuality, he had dealings with fraudulent individuals who employed a cloned version of the program, which led to difficulties in managing the platform.
How Scammers Deceive Traders on Ninja Trader
The risks of deception while using a licensed trading platform are significantly mitigated. The software’s integrity is not only overseen by its developers but also by regulatory authorities who have granted permission for its utilization.
However, potential pitfalls may emerge when dealing with cloned versions of terminals, a practice that legitimate brokers abstain from. Fraudsters often favor these replicated platforms, particularly those that have garnered a positive reputation among traders.
Dishonest partners can be identified through various indicators, including the absence of a valid license. They manipulate the terminals, leading to deposit depletion, order execution delays, slippage, and even the introduction of fictitious elements on charts that bear no relation to the actual market conditions.
Expert Opinion
Every licensed trading terminal is equipped with a standard array of essential features for seamless operations within financial markets. Each platform boasts distinctive characteristics that require comprehension to fully utilize the platform’s benefits.
In the process of selecting a reputable broker for collaboration, the choice of trading software becomes inconsequential. It’s challenging to assert the superiority of one over another, as all of them are ethically sound and come equipped with the requisite tools for market analysis. In any enterprise subject to regulatory oversight, the existence of an unlicensed platform is inconceivable.
Final Verdict
When planning to trade in the financial markets, the selection of a broker and a trading terminal represents two vital considerations. Nonetheless, there is often confusion between these two terms, with some erroneously perceiving them as interchangeable.
A broker serves as an intermediary connecting exchanges and investors, whereas a terminal is the software employed to provide services to end-users. Hence, the focus should be on choosing the right company, which is the entity offering the service, rather than solely concentrating on the trading platform itself.
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Latest Reviews
Evgeniy Shestakov
I started trading with them with a minimum amount. They assigned me a manager who helped me with trading. My stock has already doubled in one day. The mentor began to say that I could earn even more, but I needed to increase the amount on deposit. I wanted to try to get the part out first, and told my mentor about it. After that I was unable to log into my account.
Read moreArthur
I tried to trade here. Nothing worked out; for some reason, promising deals went into the red as soon as we tried to close them. The terminal could ignore orders for several minutes until the price of the asset changed for the worse.
Read moreArthur
I really didn’t like that they called me several times a day after I registered my account. I didn’t even have time to top up the deposit when calls started coming in asking me to deposit as much money as possible and invest it all in an incredibly profitable deal. Such recommendations contradict any rules of money management. And that's why I refused to work with them. And then for another two weeks I blocked the left numbers from which they called.
Read moreMax
I met on VK girl from somewhere in the EU and corresponded with her for a couple of weeks and evenby videocommunicated. And then she started asking about my work and said that she herself is engaged in trading and lives well on the income from it and offered to introduce me to a person who has a good broker. Like a fool, I agreed and gave my contacts, and within a day they called me and started telling me tales about huge incomes and pointing out some graphs and reports. A day later I transferred money to the account to scrape $300 according to mystockpiles and tried it at the merchant. My trading almost immediately went negative. I realized that it was not mine and wanted to withdraw the money, but I was thrown out of my personal account and was not allowed back.
Read moreEgor
Rakuten Trade clearly does not look like a normal broker. Too many jambs. It is very difficult to open an account with him; it is impossible to trade normally. Any transaction becomes unprofitable due to direct and hidden commissions.
Read moreMatvey
I fell for the promises of the bitprojectinvests manager like a horse. And now I can’t even withdraw my money.
Read more