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Which platform did you start with?
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Created: by Stylez777 Attachments:0

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Which platform did you start with?

  #11 (permalink)
Elite Member
Madison, Wi
Futures Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Favorite Futures: CL,GC, HG
dbarno's Avatar
Posts: 71 since Jul 2012
Thanks: 145 given, 59 received

I would also agree that Ninja would be a good choice. If you have a satellite feed, go with Trade Navigator.

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  #12 (permalink)
Elite Member
Futures Experience: Beginner
Platform: SC, TOS
Broker/Data: Inifinity Futures, TOS
Favorite Futures: NQ
Posts: 206 since Jun 2011
Thanks: 462 given, 199 received

I started with XpressTrade when I first learnt to trade options.

Later, optionsXpress bought it over and my account went over to OX. Unfortunately, OX took away many useful functions of XpressTrade and it is now one of the WORST trading platforms ever.

I have since moved on to TOS, Mirus Futures/NT7 and Infinity Futures/Sierra Chart.

Thumbs up for TOS, NT7 and Sierra Chart. I used to like NT7 very much, especially after I joined futures.io (formerly BMT).. but the ease of SC has made me lazy and I could not switch back to NT7 somehow..

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  #13 (permalink)
Elite Member
Christchurch, New Zealand
Futures Experience: Beginner
Platform: SC
Broker/Data: IB, BC, Dx Feed
Favorite Futures: US Equities
Neo1's Avatar
Posts: 425 since Jul 2014
Thanks: 471 given, 474 received

Stylez777 View Post
I understand people love NinjaTrader. I do too. The problem is for a beginner starting out, it is not cost effective at all. $60 a month to lease or $995 to buy a lifetime license doesn't seem cost friendly right from the start.

There has to be low cost or free platforms out there that offer a decent DOM, decent charting for a beginner to get started on. I am surprised there isn't more opinions on this subject. Do all beginners just drop the $ for NinjaTrader and figure to make it back? Doesn't seem practical to me. Coming from the risk management standpoint, why spend more upfront than you need too when getting started? Shouldn't you be able to prove to yourself you can can become profitable and stay in the game before investing in expensive tools and other fancy things?

Don't pay upfront then, pay the monthly fees. If you're not prepared to spend $60 a month on a platform, then you should consider if day trading is really for you. Don't forget the data feed aswell. When you're just starting out, the reality is you'll be losing 100's per day, so only paying a hundred odd per month for software and data will seem like good value.

I vote SC over NT aswell.

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  #14 (permalink)
Trading Apprentice
New York, NY
Futures Experience: Intermediate
Platform: MBT Desktop Pro
Favorite Futures: YM, TF, small caps
Posts: 16 since Jun 2013
Thanks: 0 given, 2 received

Started off with TD Ameritrade and Stockcharts.com for swing and position trading equities. Transitioned to eSignal with MB Trading to swing trade equities and day trade futures. Then to my broker's own platform (MBT Desktop Pro). Currently looking for a new futures platform outside of MB. Tried out Sierra Charts and hated it due to not being user-friendly out-of-the-box.

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