Build Your Trading IQ

Basics, building blocks & resources for new traders

Paper Trading Futures & Forex: Pros & Cons

By | November 8, 2019

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Paper trading is a central component of trading education used by new traders as well as experienced market participants to test new trading approaches and ideas. Also known as simulated or sim trading, paper trading futures and paper trading forex allow users to test out new concepts without putting real money at risk.

To get the most out of trading in a simulated environment, it is important to understand the key benefits and limitations of paper trading.Read More

Find Your Automated Trading System

By | November 4, 2019

Trading systems provide complete trade automation and eliminate the emotional and operational stress of traditional discretionary trading. Rather than having to decide on the fly while the market charges forward, systems traders use algorithms which automatically execute trades based on predetermined market conditions.

NinjaTrader provides access to 1000+ professionally developed and backtested day trading systems, offering a vast selection of methodologies and market approaches. Multiple tools & customizable filters are available to help you find the systems to fit your trading portfolio. Read More

Configure a Custom Trailing Stop

By | October 28, 2019

With NinjaTrader’s Advanced Trade Management (ATM) strategies, you can create custom trailing stops specific to your preferences. Read More

What is Time in Force (TIF) & How Does it Impact Orders?

By | October 25, 2019

Time in force, or TIF, is the duration you wish your trade order to remain active before it executes. This can be a significant factor to consider when placing an order as you can specify how long it remains open before it either fills or expires. Read More

What is a Stop-Limit Order in Futures Trading?

By | October 21, 2019

A stop-limit order is a basic order type which issues a limit order once a specified price has been reached. This price level is known as the stop price, and when it is touched or surpassed, the stop-limit order becomes a limit order. Read More

Why are Opening & Closing Prices Significant for Traders?

By | October 14, 2019

Opening and closing prices are often regarded as the two most important price points within a given trading session. As a result, these data points are followed closely by market participants and analysts alike.

Also known as the “open” and “close,” these price levels provide significant reference points to gauge strength & identify important price levels to help confirm trading ideas or biases.Read More

What is a Doji Candle Chart Pattern?

By | October 9, 2019

A doji is a traditional chart pattern which looks like a cross or plus sign and occurs when a candle’s open and close price are very close or equal. Doji candles are interpreted to signify indecision in the market.Read More

Why Trade Bitcoin Futures (BTC)?

By | October 7, 2019

Launched by the CME Group in December 2017, Bitcoin futures have changed the landscape of the cryptocurrency market. Allowing investors to participate in the Bitcoin market without actually owning the coin, Bitcoin futures (BTC) traders speculate on its price via a regulated futures exchange.Read More

Paper Trading Using Historical & Simulated Data

By | October 1, 2019

The NinjaTrader platform provides an immersive simulated trading experience for futures and forex traders. A fundamental component of the learning process for new traders, paper trading or sim trading is a fantastic way to become familiar with using the platform and test trade ideas.

Trading in a simulated environment allows you to not only explore market approaches and methodologies with zero monetary risk, but also to gain familiarity with NinjaTrader’s award-winning software. Read More

What is a Stop Order in Futures Trading?

By | September 30, 2019

A stop order, or stop-market order, is a basic order type which issues a market order once a specified price has been reached. This price level is known as the stop price, and when it is touched or surpassed, the stop order becomes a market order.

Stop orders provide a greater probabability of achieving a trade at a predetermined entry or exit price. In other words, stop orders are not used solely for exiting positions and can be beneficial for entries as well. When entering a position, traders use stop orders to determine where a market order should be triggered. Conversely, traders also use stop orders for exiting trades to help limit losses or lock in profits.Read More