In today's fast paced Forex markets, Ninjatrader has become a popular choice for all those wishing to do day to day investment in the currency markets. The latest offering by this platform is the easy to use, free, standalone forex trading software Ninjatrader 8. It provides a platform for traders of all levels to interact online. For beginners it offers a demo account so that they can practice what they have learnt in a safe environment.
With this new free forex trading software from NinjaTrader, you will have access to live market data, a live trading journal and an advanced prediction engine. For traders seeking a platform that offers flexibility, accessibility and best of all, profitability, then Ninjatrader 8 is the answer. For those familiar with day trading, this feature is ideal as it allows you to build up a small account without incurring large brokerage fees. You will have the best of both worlds in a platform that is always on. You will be provided a variety of trading strategies from day trading to swing trading at your disposal.
The most appealing factor about Ninjatrader 8 f Ralle is that the program provides real time market information, as well as support for Meta Trader 3. This is ideal for any forex trader, especially traders who find it difficult to keep a track of multiple currencies at the same time. The built in charting platform is also highly useful as it allows you to view and analyze multiple timeframes. For example, when assessing a particular currency, you can check the historical highs and lows, as well as how strong and weak the market has been during the ups and downs.
The Ninjatrader 8 is Ralle platform also includes an extensive range of indicators. Most forex traders use lagging indicators, which are basically the ones that do the bulk of the work for them. Traders rely on these indicators to predict where the market will go before it happens, thus enabling them to make the appropriate moves. However, in the past lagging indicators were either too complicated or too unreliable. The latest version makes this less difficult by including a range of automated lagging indicators that are easy to set up and use.
These indicators make it much easier for new traders to understand the technical indicators that they are using and determine which ones to discard and which ones to include in their trading strategy. There are numerous other features on offer including charts, calendars and news flashes. All of these features make Ninjatrader 8 a powerful tool for day traders.
The Ninjatrader 8 platform is not just designed to cut out the middleman, it is also designed to provide all of the functionality that traders look for. If you are interested in setting up your own automated strategies, you should look at the Ninjatrader E-Commerce trading strategy. This is based on the popular open source project called Joomla, which is used by dozens of websites and online shops as their preferred platform. However, it does not have all of the features available with the Ninjatrader 8 indicators, which is why it is not as user-friendly as the Ninjatrader E-Commerce trading strategy.