When it comes to day trading, having the right tools to help you succeed is crucial. Depth of market (DOM) trading platforms are a popular choice for traders interested in utilizing order flow analysis to enhance their trading performance.
One such trading platform that has garnered a lot of attention in recent years is Jigsaw Trading. But is Jigsaw Trading legit? In this article, we evaluate the legitimacy of Jigsaw Trading by examining its background, features, strengths and weaknesses, and security measures. Let’s dive in to find out if Jigsaw Trading is worth your investment!
Jigsaw Trading was founded in 2011 by Peter Davies, a professional order flow trader with years of experience in leading proprietary trading firms. The company initially focused on providing educational resources and tools to help retail traders better understand order flow trading techniques and develop their own proprietary trading strategies.
Over time, Jigsaw Trading expanded its product offerings to include a full-fledged DOM trading platform known as Jigsaw daytradr, which aims to simplify the trading process by providing a suite of powerful tools in a user-friendly interface. Today, Jigsaw Trading caters to a diverse range of traders, including beginner retail traders, advanced traders, and professional institutional traders.
Features of Jigsaw Trading
Jigsaw Trading offers a comprehensive set of features that cater to various trading styles and strategies. Here’s an overview of some of the main features available on their platform:
- Depth & Sales: This visual tool allows traders to view the real-time depth of market (DOM) data in a user-friendly interface, helping users identify trading opportunities and make informed trading decisions. The Depth & Sales screen also includes a highly customizable price ladder feature, enabling efficient entry and exit execution.
- Auction Vista: Auction Vista is a proprietary heatmap visualization tool designed to provide a clear view of the current state of the order book, highlighting significant price levels, and helping traders pinpoint potential trade locations.
- Summary Tape: This feature aggregates order flow data from multiple levels of the order book, providing traders with a simplified and highly configurable view of buying and selling pressure in the market.
- Trade Analyzer: Trade Analyzer is an advanced analytics tool designed to help traders track and analyze their trading performance. It includes numerous statistical metrics and customizable filters, allowing users to identify strengths and weaknesses in their trading strategy.
- Journalytix: An integrated trade journaling and performance analysis platform, Journalytix helps traders log their trades and track their performance over time. It includes an automated tagging system to help users identify common errors and make improvements to their trading strategy.
- Reconstructed Tape: The Reconstructed Tape aggregates individual orders at each price level, offering a detailed view of order flow activity within the market. This feature can be especially useful for spotting price reversals, breakouts, and other key trading opportunities.
- Education & Support: Jigsaw Trading offers a comprehensive range of educational materials, including articles, videos, webinars, and an active community forum where users can discuss trading techniques and share ideas. Their support team is available via email and live chat to assist with any questions or technical issues.
In addition to the above features, Jigsaw Trading provides seamless integration with various trading platforms, including ATC Trader, Apex Trader, and CQG Integrated Client, offering a flawless trading experience for their users.
Strengths of Jigsaw Trading
Given the extensive range of features available on the Jigsaw Trading platform, it has several notable strengths that make it a good choice for many types of traders:
- Ease of Use: Jigsaw Trading’s intuitive interface and user-friendly tools make it easy for traders of all skill levels to navigate and take advantage of the platform’s features.
- Customizability: Almost every aspect of the platform can be customized according to the user’s preferences, allowing traders to create a personalized trading experience tailored to their specific needs and strategies.
- Comprehensive Order Flow Analysis: The platform offers a wide array of tools and features specifically designed to provide in-depth order flow analysis, helping traders make data-driven trading decisions and identify profitable opportunities.
- Education & Community Support: Jigsaw Trading’s commitment to providing quality educational resources and fostering a supportive trading community makes it an ideal choice for beginner traders looking to learn about order flow trading strategies.
Weaknesses of Jigsaw Trading
While there are many strengths to Jigsaw Trading, there are also some areas where the platform may not be suitable for all traders:
- Subscription Fees: Jigsaw Trading has a variety of subscription plans, which may be expensive for some users, especially those who are just starting in their trading journey. However, the platform offers considerable value considering the features and tools provided.
- Limited Trading Styles: Jigsaw Trading is primarily focused on order flow and DOM trading strategies. While it offers a wealth of tools and features to support these methodologies, traders who specialize in other trading styles (such as fundamental analysis or technical analysis) may find the platform less relevant.
Security and Privacy
Jigsaw Trading takes the security and privacy of its users very seriously. The platform employs a range of measures designed to protect user data and ensure a secure trading experience:
- Encryption: All data transmitted between the user’s device and Jigsaw Trading’s servers is encrypted using industry-standard SSL (Secure Sockets Layer) technology.
- Two-Factor Authentication: Jigsaw Trading offers optional two-factor authentication for added account security.
Final Thoughts – Is Jigsaw Trading Legit?
After thoroughly examining the background, features, strengths and weaknesses, and security measures of Jigsaw Trading, we conclude that Jigsaw Trading is a legit and reliable trading platform. It offers a comprehensive set of tools and features designed to help traders excel in order flow and DOM trading strategies, making it an excellent choice for both beginner and experienced traders.
While it may not be the perfect fit for traders who specialize in other trading styles or those who are budget-conscious, Jigsaw Trading provides a compelling and user-friendly platform for traders looking to master order flow trading techniques.
In summary, Jigsaw Trading is a legitimate platform worth considering for your trading needs. Make sure to conduct thorough research and understand the intricacies of order flow trading before diving in. Click here to learn more about Jigsaw Trading and start your order flow trading journey today!