NinjaTrader by Technical Analysis, Inc.
1236 Clarkson Street, Denver, CO 80218
Fax: 801 806-2591
Price: $995 for lifetime license;
$50/month lease; free version with
Product: Trading and analysis software
System requirements: Windows XP
(SP3 required)/2003/Vista/7 or 8; minimum
screen resolution of 1024x768;
minimum P4 processor or higher; 2GB
RAM; Microsoft .NET Framework 3.5
(preinstalled on most PCs or can be
A full-featured trading platform
thatís free: Thatís the reason behind
the success of NinjaTrader.
NinjaTrader (NT) was started in 2003
with a handful of people and now has
40 employees. Since the program is
free, it attracts a lot of users, and as
a consequence, also attracts a large
number of third-party product vendors.
How does NT make its money? It does
so predominantly by selling the lifetime
license version and monthly subscription
licenses. The difference between the
lifetime version and the free one is that
the lifetime version lets you trade directly
with your broker using a NinjaTrader
interface. If you get a free version of the
program from your broker, it is likely to
be missing the ATM (Advanced Trade
Management) feature; thus, not all free
versions of it are the same.
What type of trader would be willing
to pay $995 to have a brokerage interface
built into the software? He or she will
likely be a daytrader. Otherwise, a trader
who holds positions for two or more
days can easily place orders through a
separate brokerage interface.