Forex broker slippage comparison essay
These two programs are the only trading platforms that all futures traders use. These forex broker slippage comparison essay platforms are the only ones I have been using for my roughly 10 year day trading career.
If you trade stocks or options then you have different possibilities including the programs that the big brokerages offer. Big brokerages are much too expensive in comparison to the brokers that are tailor made for the futures market. This is the reason why most futures day traders and professional day traders use one of these two platforms. Choosing between the two has gotten more difficult over the years due to the fact that Ninja Trader is new to the charting realm of trading. This bodes well for many traders since Tradestation used to be the only platform that was available. 25 monthly fee for the data feed.
Ninja Trader is completely free to use on simulation. In order to trade a live account with Ninja Trader you have to buy a license. Tradestation use to win this battle big time before the recent release of Ninja Trader 7. With the new release both platforms are on par with each other aside from some small nuances.
Most old school day traders like myself use Tradestation. Most new traders use Ninja Trader since it costs nothing to use until you go live. I still prefer to use Tradestation for charting since those small nuances to me make a difference in comparison to Ninja Trader. There are some major differences in execution between Ninja Trader and Tradestation.
To put it plainly, Ninja Trader is light years ahead of Tradestation. Ninja Trader has more options and some cool features that the age old Tradestation platform doesn’t have. The data feeds that both platforms use are also very different. I have personally noticed that Trade Station is more sensitive to spikes in volume while Ninja Trader is more sensitive to internet shortages. When you travel around the world like I do these small differences can cost thousands of dollars.