

NinjaTrader’s more advanced layout and advanced tools do have a learning curve for new traders. While it cannot yet compete with MT4 and MT5 in terms of size, many traders continue to make the leap from MT4 to NinjaTrader for its high-quality charting and increased customization features, as well as increased access to multiple data feeds.Ī market replay feature also allows traders to download historical data and simulate trades for further practice. This makes it an ideal platform for new traders ready to use advanced charts and a free simulator until they are ready to enter the live market. If you are just starting out, NinjaTrader also provides unlimited free access to real-time and historical forex market data without a brokerage account. User-developed apps built by the NinjaTrader community of 60,000+ traders are also available for free. These range from automated strategies for order executions, education and training as well as hundreds of indicators, signals and strategies to personalize your platform.

The platform has a special community of resources available where you can explore indicators and strategies built by 3rd party developers.

NinjaTrader includes 100+ technical indicators out of the box and automated trading options among the most robust in the industry. This trading platform is rich in resources for traders focused on both futures and forex. Not sure which is right for you? Several EAs supported on MT4 are offered for rent as well as purchase, so you can try products out for as little as 1 month and up to 1 year.īoth MT4 and its younger brother MT5, which focuses more on securities and futures markets, are available through dozens of online forex brokers, but is our top pick. While it is not itself an actual automated trading software, it boasts the widest selection of trading applications in the world, up to 1,700 different trading robots. Its parent company, MetaQuotes, was a pioneer in the development of forex trading and charting platforms.

MetaTrader 4 specializes in the forex market and the implementation of automated trading and supports literally thousands of trading robots and technical indicators. į, Benzinga's top forex broker, tops this list due to its MetaTrader4 platform, education, tools and more. While there are dozens of software options, these platforms are among the best that could potentially match your experience and the level of risk you’re willing to take.
