Introduction
Once you understand the basics of trading, the next challenge is refining how you analyse markets, test strategies and manage risk. Experienced traders often need more specialised resources to support these tasks, from advanced charting platforms and real-time news to back testing software and order flow analysis. This guide explores 15 advanced trading resources for experienced traders. Whether you want to automate parts of your strategy, study market liquidity or improve position sizing, these tools offer different ways to strengthen your trading process. Understanding their purpose can help you choose resources that suit your market, experience and approach.
TradingView
TradingView is a powerful charting tool that offers advanced technical analysis features. Ideal for traders familiar with chart patterns and indicators, it provides a collaborative platform for sharing insights and strategies.
NinjaTrader
NinjaTrader is designed for futures and intraday trading, offering advanced strategy development capabilities. It's perfect for traders looking to automate their strategies and requires a solid understanding of trading mechanics.
TrendSpider
TrendSpider utilizes automation to enhance technical analysis, making it suitable for traders who want to save time while gaining deeper insights. A prerequisite is familiarity with traditional technical analysis.
DAS Trader Pro
DAS Trader Pro is an active trading platform that offers direct access trading capabilities. It's designed for experienced traders who require speed and efficiency in executing trades.
Interactive Brokers (IBKR)
Interactive Brokers (IBKR) is a comprehensive brokerage platform that caters to advanced traders with its extensive range of tools and low-cost trading options. A solid understanding of market dynamics is essential.
Benzinga Pro
Benzinga Pro provides real-time news and market intelligence, crucial for traders who rely on timely information to make informed decisions. Familiarity with market news is beneficial.
Bookmap
Bookmap offers advanced order flow analysis, making it ideal for traders who want to visualize market liquidity and price action. A background in order flow trading is recommended.
StockCharts.com
StockCharts.com combines charting and education, providing advanced tools for technical analysis. It's suitable for traders looking to refine their charting skills.
MultiCharts
MultiCharts is a robust platform for backtesting and charting, ideal for traders who want to develop and test their strategies. Knowledge of programming can enhance its use.
Trading Central
Trading Central offers automated analysis tools that provide insights into market trends. It's designed for traders who want to leverage automated insights in their decision-making.
Position Size Calculator
The Position Size Calculator is essential for risk management, helping traders determine optimal position sizes based on their risk tolerance. Understanding risk management principles is crucial.
eSignal
eSignal provides advanced charting and market data services, suitable for traders who require real-time data and sophisticated analysis tools. Familiarity with technical analysis is necessary.
Backtrader
Backtrader is an open-source backtesting library for Python, perfect for traders who want to develop custom strategies. A solid understanding of Python programming is required.
AmiBroker
AmiBroker is a powerful charting and backtesting tool that caters to advanced traders looking to analyze and optimize their trading strategies. Knowledge of technical analysis is essential.
cTrader (Spotware)
cTrader (Spotware) is an ECN trading platform that offers advanced trading features and tools. It's designed for experienced traders who require a high level of customization.
Conclusion
The value of an advanced trading resource depends on how well it fits your trading process. Charting, back testing, market intelligence and execution tools each serve a different purpose. Focus on the areas where you need better information or a more reliable method, then assess which resources address those needs. Start with a small selection, learn their features and evaluate their usefulness before adding more. Combine the insights they provide with disciplined risk management and regular strategy reviews. Advanced tools can support informed decisions, but lasting improvement requires careful testing, ongoing learning and consistent practice.
