NinjaTrader, a fintech platform for retail futures trading, has announced the limited debut of the NinjaTrader Arena, an innovative futures trading challenge series that enables retail traders to compete against one another in a simulated trading environment, and the launch of the enhanced NinjaTrader mobile app for both Apple and Android.
“We believe that equipping retail traders with the right tools and education—including simulated trading environments—empowers them to trade with more confidence and discipline, ultimately leading to greater long-term success in the futures markets,” Martin Franchi, CEO of NinjaTrader, told Traders Magazine.
“We strongly encourage taking time to learn and practice, as one of the biggest challenges facing traders is overconfidence and entering markets before they are ready and fully understand the benefits of the embedded risk-management tools available to them in our platform,” he said.
The Arena is a free competition series that allows futures traders to compete in a realistic simulated trading environment.
A simulated environment has been an invaluable tool for retail traders for over a decade, Franchi said.
It allows them to practice strategies, understand market movements, and refine their risk management skills without the pressure of real capital at stake, he added.
“This type of environment helps traders build confidence and experience before transitioning to live trading,” he said.
Traders of all experience levels can bring their futures trading skills to the Arena, where they can showcase their market knowledge, and tackle situation-based trading scenarios while going head-to-head with their peers for a chance to win cash prizes.
The Arena is currently available to select NinjaTrader users in beta.
It will soon be open to all users, whether they have a demo or live account, and free to access through the award-winning NinjaTrader platform.
“Arena is an exciting new addition because not only does it provide the benefits of a simulated experience, allowing traders to build their confidence and skillset, but it also adds a layer of competition and entertainment,” Franchi commented.
“Traders can compete against each other for bragging rights and prizes without risking any of their own capital. It’s completely free to participate and we are excited to bring it to market,” he said.
NinjaTrader also announced the debut of its newly redesigned mobile app, which offers a sleek, modern interface with enhanced features, making trading futures on the go more convenient, intuitive, and seamless.
The new app is purpose-built for retail futures traders and provides the industry’s most intuitive, responsive, modern, and feature-rich experience, helping make futures trading more accessible to new users while providing a powerful trading tool for veteran traders.
“We collected feedback from traders and rebuilt our app to deliver an experienced tailored for the retail trader. In addition to new functionality our guiding principle was to simplify and streamline the experience, allowing traders to more quickly get access to the markets with confidence,” Franchi said.
The new advanced mobile platform ensures futures traders can stay connected to the markets and manage their trades, positions, and accounts from wherever they are.
NinjaTrader users can take advantage of the app’s intuitive functionality, allowing for seamless trade submissions, easier position management, and better market activity monitoring.
With access to over 40 built-in and customizable indicators, users can effortlessly view and manage their preferred indicators directly on their mobile charts.
“Through our enhanced mobile app, we’ve not only created a more approachable experience from a design and usability perspective, but we’ve embedded context and information to familiarize those cohorts for which this is their first time experience with the asset class,” Franchi said.
“The Arena allows people to trade in a risk-free way while blending their strategies and honing risk management skills. With real incentives on the line, it forces to simplify the onboarding and shorten the ramp up time required for new traders to better understand this exciting asset class,” he concluded.
