Yes, the NinjaTrader platform provides you with a variety of technical tools you can use to get a clearer picture of the current trend for all futures contracts. For example, we give you the ability to create customizable trading charts that can be tailored to your specific preferences and are accessible from virtually any device. With these tools at your fingertips, you can make better-informed decisions and build consistency into your trading. With NinjaTrader you can explore hundreds of indicators across a wide variety of chart styles to expand your technical analysis knowledge and expertise.
For traders who are new to futures trading, knowing how to identify key trading levels of a market is a critical skill. This is especially true in daytrading, where being able to make snap decisions based on the available evidence can mean the difference between failure and success. There are many key indicators inexperienced traders can utilize throughout the trading day. These include floor trader pivots, previous day’s OHLC (Open, High, Low, Close) price values, and the volume-weighted average price (VWAP). Here are five key indicators for day trading futures to learn more about these various analytical tools and other important indicators of interest for first-timers.
Getting your feet wet with technical analysis can seem daunting at first, but with the right guidance you can get up to speed and start trading with confidence. Understanding the fundamentals is critical if you want to give yourself the best chance of success right out of the gate. Fortunately, NinjaTrader’s team of experts has created a video training series that explains how futures market analysis works and what you need to get started. Watch our five-part video series and start learning today so you can be prepared for tomorrow.