NinjaTrader Adds OANDA and City Index to List of Supported FX Brokers

NinjaTrader has added two new ‎partners to its expanding ecosystem, OANDA, and City Index, providing a diversification opportunity for ‎users currently trading Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term with its flagship platform.

With their newly ‎formed relationship, users of NinjaTrader's trading software will have ‎access to more FX brokerage service providers directly through a simple online registration process.

US-based NinjaTrader users ‎now have the option of selecting OANDA as a Forex Dealer Member, in addition to ‎FOREX.com, while traders based outside the United States can select City Index, which joins FXCM as an FDM option.‎

NinjaTrader officially operates as an introducing broker ‎for several brokers and claims such partnerships ‎deliver savings to its clients through tight spreads and ‎discount commissions.‎ NinjaTrader is available at over 100 brokerages ‎worldwide and is promoted through offering free charting, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, ‎system development, and trade simulation. ‎

In a press release from NinjaTrader, it was explained that "with low spreads and high-speed execution across all available forex providers, NinjaTrader users will ‎receive consistent pricing along with industry-leading platform functionality and ‎technical support.‎”

Launched in 2003, NinjaTrader provides a complete end-to-end ‎platform serving manual and automated traders of futures, equities and ‎forex markets. The platform offers dynamic analytic tools both natively and through its vast ‎‎3rd party partner ecosystem.

Raymond Deux, Founder and CEO of NinjaTrader commented: “Adding OANDA and City Index to our existing forex brokerage options further empowers our users to select the forex provider that best fits their needs.”

‎“Our professional grade charting package, advanced backtesting suite & forex-‎optimized Advanced Trade Management equip traders with unique tools that have ‎previously been lacking in the forex software marketplace,” added Deux.