7 Commodities Trading Software Programs You Didn’t Know Existed

7 Commodities Trading Software Programs You Didn’t Know Existed

Do you have trouble staying on top of your commodities trading software? Do you feel that there aren’t enough programs out there to help you? If so, don’t worry – we have some great news! There are plenty of software programs out there that can make tracking your trades easy, whether you’re just starting out in the world of commodities trading or are already established and looking for ways to stay on top of your game. Here’s what we found!

1) MetaTrader 4

Based in Russia, MetaTrader 4 is one of several forex trading platforms that allow you to trade directly through your web browser. It has a large feature set and excellent charting functionality. MT4 accounts are also highly secure, as accounts can be set up with two-factor authentication or by setting up an eVault account where all your money is held on encrypted servers. With MT4 you have the ability to trade forex and CFDs for free via free demo mode, or with real money. Overall, MT4 is a great commodity trading software platform because of its features and low transaction costs which help enable users to manage their risk effectively when trading forex pairs.

2) CQG

Finding a commodity trading software program that meets your needs can be a real challenge. CQG and TradeStation are two great options for commodities traders; if you’re looking for something more affordable, try Omega TradeStation. All of these programs have different bells and whistles; you need to determine which ones fit your personal preferences best. To see how they stack up against each other, take a look at our table above, which shows key features and pricing information. If you want to learn more about any of these programs, we encourage you to contact us directly. The Best Commodity Trading Software: When it comes to finding a commodity trading software program that works for your individual needs, there is no one-size-fits-all solution. Each platform offers unique features and benefits so it’s important to do some research before making a decision about what’s right for you. If you’re interested in learning more about any of these programs or would like help determining which one is right for you, feel free to contact us directly.

3) EZTrader

Although you might already be familiar with commodities trading software, you may not know that commodities trade is its own unique segment of finance. It’s a lot simpler to learn than stocks and options trading—but it does come with a number of nuances that can trip up newcomers. Thankfully, these seven commodities trading software programs can smooth your path to learning about commodity trading and help prepare you for understanding what’s available to buy and sell in today’s marketplaces. Don’t trade without them.

4) Oanda

For over 15 years, Oanda has been an industry leader in foreign exchange. At their core, they’re a leading FX broker and offer all of their trading capabilities through an API that is compatible with commodities trading software (CTS). It’s important to note that not every commodity you trade through your CTS will be available on Oanda, but for those trades it does offer, you’ll be in good shape. One thing to keep in mind when using your CTS is liquidity. The more liquid a market is, the faster you can close out positions without having to worry about too much slippage.

5) Ninjatrader

NinjaTrader is a hugely popular commodities trading software platform used by day traders worldwide. It provides all of the features necessary to monitor and trade markets efficiently, and its user-friendly interface makes it easy to get up to speed. Because NinjaTrader has grown in popularity over recent years, it’s no surprise that there are many different resources available for NinjaTrader users. One such resource is LearnNinja, which provides video tutorials on everything from installation to expert advice on how best to use one of Ninjatrader’s most helpful tools: Trade Copier.

6) Tradestation

Tradestation is one of those commodities trading software programs you didn’t know existed. It isn’t as well-known as some of its competitors but it has a lot of loyal fans, including TD Ameritrade. When you go to check out their reviews on Google, you will find only 9 pages with a total of 25 reviews. Most are positive but not all are five stars because some people found that it was still lacking in features for their tastes. However, it does have a good set of program tools for getting started in futures and options trading without too much financial commitment up front.

7) Traderexton

Traderexton has been around for a long time and is one of few commodities trading software programs that is exclusively dedicated to commodity traders. It’s easy to use and gives you up-to-the minute pricing on raw materials. It also comes with an iPhone app which makes it convenient for commodities traders who are on-the-go. If you are serious about trading in futures, you can’t go wrong with Traderexton—but it may be overkill if you’re not actually investing real money. Still, it might be fun to play around with or put through some tests.