Trading platforms allow traders to take advantage of trading opportunities as they arise on live charts thru the execution of buy and sell orders. Orders can go directly to your broker via the trading platform, and also can get sent to the liquidity providers that are responsible for the real time price quotes you receive. As such it is very important to choose a trading platform that you are comfortable executing orders from.

This article will introduce you to one of the most widely used trading platforms in the market — the Ninjatrader trading platform. After reading this lesson, you will know how to download the Ninjatrader software, how to run it on your computer, how to use the tools inside the platform and how to execute trades from within the platform.

First, you will need to do some research on the various Ninjatrader supported brokers. Next, you will need to open a trading account with one of them. If you are new to trading, or to this particular trading platform, I suggest that you get the Demo version using the Ninjatrader demo download option.

After you create your demo or live trading account , your broker will send login credentials to your email — User Name and Password. You will also receive a download link that you will follow and the instructions for the Ninjatrader download. After clicking on the link in the email message from your broker, you will be asked to accept a file that contains the Ninjatrader data.

Accept the file and download it on your computer. After you run the file, the installation will start automatically. NET Framework 4. Follow the steps to apply the. NET Framework software to your computer. Then you should re-launch the Ninja installation and complete the process. You will find the application icon on your desktop. To run the Ninjatrader software, you should simply click on the desktop icon and a window will pop-up asking for your User Name and Password.

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Remember this information was contained in the email message sent to you from your Ninjatrader broker. Take the login data from the email and add it to the required fields. If you are unable to log in, this would likely mean that you are trying to connect to the wrong server. Check the email message from your Ninja brokerage agency to find the server you created an account for.

You should now be inside the Ninjatrader terminal.

The default structure of the Ninjatrader software will bring four windows onto your monitor. These top two windows are the Control Center, and the Market Analyzer, and two bottom two windows are price charts. This is the most important window of the Ninjatrader Forex trading platform. This is where you control all your settings and trades. The lower area of the Control Center is also essential. The other six tabs are used to monitor your history and account performance. Then you can simply choose the type of order you want to implement, and the quantity of the contract.

Type in a Stop Loss order and a Take Profit order from the respective fields and you are ready to go. Every recent trade you open will show up there along with the parameters you entered for the trade. This helps facilitate the monitoring of your trades. This is another very important tab of your Ninja trading platform.

The reason for this is that it summarizes the overall performance of your Ninjatrader account. It includes vital trade performance metrics including avg win, avg loss, max drawdown , profit factor and net profit along with other related data. Above is an example of the Ninjatrader Performance window. This way you are getting a better picture about your trading habits. Another useful feature of the Account Performance Tab is that it could be adjusted to display a specific period. This way you can visualize your performance for separate periods of time.

The Market Analyzer is the top right window on your default Ninjatrader terminal. This window shows you price data about the Forex pairs you have included in the table. The Market Analyzer window is versatile and you can add more custom columns to the table as needed. Some of these columns could include Daily High, Daily Low, Volume, a week high, a week low, or the value of some indicator such as the Stochastic Oscillator or the Triple Exponential Moving Average.

This allows you to quickly scan for market related information displayed via the table without even looking at the chart. Micro account. Cent account. Founded in.

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