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What platform should I use as a newbie trader ?


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What platform should I use as a newbie trader ?

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  #1 (permalink)
Toronto + Ontario
 
 
Posts: 5 since Sep 2020
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Hey guys,
I am from Canada and I would like to know about any platform which I can use as a newbie trader. I know something about Wealthsimple trade but never used it. Any insight would be helpful.

Thanks !

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  #2 (permalink)
Ottawa
 
Experience: Beginner
Platform: Tradestation, TWS
Broker: Tradestation, IB
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IB as your broker. Hands down.
honeyhomes View Post
Hey guys,
I am from Canada and I would like to know about any platform which I can use as a newbie trader. I know something about Wealthsimple trade but never used it. Any insight would be helpful.

Thanks !

Sent using the futures.io mobile app

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  #3 (permalink)
Mumbai, India
 
Experience: Beginner
Platform: Own Customized
Trading: Crude, NIFTY, BANKNIFTY
 
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Posts: 448 since Jan 2019
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If you are going to do back-tests and run coded indicators which work on specific platforms, I would suggest IB too.

If you want completely online platform I would suggest Tradingview.

Tbh, if you are not into complex things you can do fine with just broker provided platform as well. In which case again IB is preferred choice for many.

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  #4 (permalink)
Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Jigsaw daytradr
Trading: US Equity Index Futures
 
matthew28's Avatar
 
Posts: 887 since Sep 2013
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As you are in Canada type that in to the forum search box. There have been a number of threads from Canadians looking for brokers that would allow them to open an account so I assume that can be an issue. The best broker for you might have a more limited choice of platforms. (Or if you become really keen to use a specific platform for analysis/charting that would then require an independent data feed, such as DTN IQFeed).

Also the best platform is going to depend on the style of trading you are interested, for example, a good back testing platform will probably be rubbish for scalping which would also benefit from a low cost fee structure.
Dependent too on the type of products you want to trade, as a good spot forex platform will likely be different to a good platform for futures, shares, or options.

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  #5 (permalink)
Legendary Market Wizard
Calgary, Alberta
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
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eightyeight View Post
Ninja 8 allows for 20 different sim program but really stinks at back testing- actually useless

TS is 100% perfect for back testings; all bots use it; only 1 sim account

others without distinction.

Can you expand more on why you think NT8 is ''useless'' for back testing?

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September 8, 2020


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