Page 25 - Trading #101 Course – Part One: Trading Basics

TRADING #101 COURSE – PART ONE: TRADING BASICS /2017-10-06

Factors to Consider:

• What features does the charting platform have?
• Will the platform handle market scanning?
• Does it have all the features I will need?
• Are the markets I like to trade compatible with this charting platform?
• Will I need more than one platform to achieve my goals?
• Is it easy for me to use the platform?
• How much does the platform cost?
• Does the charting platform connect with the trading software, broker and data
feed I like to use?
• What kind of customer support is available – phone, email, etc.?
• What kind of training is available and do I need to pay for it?

Charting Platforms that we find to be excellent:

• TradeStation
• NinjaTrader
• MultiCharts
• eSignal
• MT4
• MT5

Remember, you can change platforms down the road as your needs change, so this is
not a final decision by any means.

For example, when I first started trading I used the eSignal platform and loved their data
feed and functionality. As I developed my approach, I needed more scanning
capabilities which eSignal does not offer – and was able to add these features to my
toolkit by using both TradeStation’s Radar Screen and NinjaTrader’s Market Analyzer.

Some traders may find that they love MT4 and MT5 because they are Forex traders.
And others may feel that ThinkOrSwim is the ultimate because of the Options tools
available.

Again – you will need to do your own research on what is currently available and what is
best for you.

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