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BAK

Best Beginning Software

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I was just wondering what is an affordable and usable software package for the beginning trader?

Thanks,

BAK

 

Amibroker is cheap and great exploration tool- its scripting language is very easy.

 

Ninjatrader is free and great automated trading tool, and comes with extensive COM libraries.

 

Both have lot of support groups on internet.

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ninja is free, and is programmable. lots of tutorial and examples on their website.

 

 

multicharts has 2 versions.

the free one is not programmable.

the paid one can be programmed using easylanguage.

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It also depends on the data you are going to be using real-time or end of day. I dont think Ninja is free from real-time data.

 

ninja program is free, you have to get your own datafeed, either through your broker, or sign up with a dedicated dataprovider.

 

the paid version of ninja allows you to autotrade.

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It also depends on the data you are going to be using real-time or end of day. I dont think Ninja is free from real-time data.

 

NinjaTrader has built in free EOD data courtest of Kinetick - Streaming real time quotes and historical market data. For real-time data, one must either purchase a subscription to a market data service such as Kinetick, use it with an existing brokerage account or request a free market data trial from a NinjaTrader supporting brokerage.

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if you are a beginner the best software is pencil and paper or a spreadsheet.

 

i have been at this for years and KISS.

 

computers have made the majority of people lazy.

 

I have to agree with these comments. I confess, I have stacks of notebooks with manually calculated daily ranges, ave true ranges, ave failed moves, commitments of traders positions and the like. I've always thought calculating moves and charting a few instruments manually, kept me (my mind) more in tune with significant levels/prices like daily and weekly highs and lows. Keeping a note pad with a crude pencil drawn chart on my desk seems to embed these levels deeper into my mind than an orange or yellow line across a chart. e.g. can you remember last weeks high and low of the instrument you're trading without looking at your chart?

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if you are a beginner the best software is pencil and paper or a spreadsheet.

 

i have been at this for years and KISS.

 

computers have made the majority of people lazy.

 

Hello bootstrap,

 

Just read your post. i am agree with you. i am going with spreadsheet :)

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