NinjaTrader

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.