In the event you’re new to buying and selling futures, you’ve in all probability heard of paper buying and selling. Put merely, paper buying and selling is apply buying and selling with out risking any actual cash. Each new and seasoned merchants can apply buying and selling dwell markets, playback historic market strikes in real-time, and even take a look at automated buying and selling methods with historic market knowledge.

Watch this quick video on how straightforward it’s to paper commerce with NinjaTrader:

SIM101: Your Paper Buying and selling Account

The NinjaTrader platform allows you to create and customise simulated accounts to imitate dwell buying and selling as carefully as potential. NinjaTrader’s built-in Sim101 account behaves like a dwell account in that it screens money stability, revenue & loss, and different monetary parameters. It can be modified to carefully resemble your funding. Earlier than connecting to market knowledge, you may customise the Sim101 account in a couple of straightforward steps.

1. Navigate to the Accounts tab from the underside of the Management Heart
2. Proper-click on the Sim101 account
3. Choose “Edit Account”

Entry the Sim101 account properties window to customise preliminary money worth and extra.

From the account properties window, you may alter all facets of the Sim101 account, together with preliminary money worth, a simulated fee price, threat profile, and a minimal account stability to imitate margin necessities. As soon as these are set, click on OK, then connect with knowledge to start out paper buying and selling!

Chart Dealer: Doing it Stay

Now that your paper buying and selling account is configured correctly, head on over to your favourite futures chart, or create a brand new one from the “New” menu of the Management Heart. On the prime of the chart, click on on the fifth icon from the best to allow Chart Dealer.

Chart Dealer enabled on an E-mini S&P 500 chart.

Chart Dealer’s intuitive interface permits you to shortly place market orders. It’s also possible to right-click on the chart itself to disclose a context-sensitive menu of restrict, cease, and market-if-touched orders. In the event you’d prefer to be taught extra about all of the totally different capabilities of Chart Dealer, try this quick video.

Traces, Shapes, and Indicators… Oh my!

The NinjaTrader platform comes stocked with over 100 indicators, dozens of drawing instruments , and a number of other totally different chart bar kinds.

So as to add indicators to your new chart, right-click anyplace within the chart window, and choose “Indicators”. Within the pop-up window you may select all the usual NinjaTrader indicators, configure their values, and outline colours & visible properties.

You possibly can add a number of indicators without delay by choosing all the indications you need to add to the chart earlier than clicking OK on the backside of this window. Paper buying and selling is an effective way to check out totally different indicator indicators and settings, so be happy to experiment with all of the choices obtainable.

E-mini S&P 500 chart with 2 easy transferring averages, a quantity indicator, and a pattern channel.

Don’t Paper Commerce Alone

There are infinite combos of indicators, technical evaluation, and strategies you may apply to your paper buying and selling. Thankfully, you may be a part of NinjaTrader’s every day livestream occasion as we put together, analyze, and commerce the futures markets in real-time.

Keen on studying extra about utilizing all of the options of the NinjaTrader platform? Go to our New Consumer Video Guides to search out quick movies overlaying many beneficial subjects.

Get Began with NinjaTrader

NinjaTrader helps greater than 500,000 merchants worldwide with a strong and user-friendly buying and selling platform, low cost futures brokerage and world-class assist. NinjaTrader is all the time free to make use of for superior charting & technique backtesting by an immersive buying and selling simulator.

Obtain NinjaTrader’s award-winning buying and selling platform and get began with a free buying and selling demo with real-time market knowledge in the present day!