tiunk or swim test trading strategies

Is Thinkorswim Free?

TD Ameritrade has recently lowered its commission for stocks and ETF's to $0. Despite this actuate, the broker still offers its flagship trading program Thinkorswim for free. Let's take a look at IT and compare information technology to other trading platforms.

Thinkorswim Fees and Commissions

Investments	Commissions
Stocks and ETFs	$0
Stocks and ETFs broker assisted	$25
No-load mutual funds	$49.99
Treasuries at auction	$25
All unusual bonds and CMOs, CDs	connected a net pay basis
Futures	$2.25 per contract (plus exchange danamp; regulatory fees)
Forex	Non-commission vogue pairs sell in increments of 10,000 units (and do not contain a "#" symbol suffix). There are No additional fees or charges.

Investments	stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
Thinkorswim minimum deposit to open account	$0 for hard currency account, $2,000 for margin account
Fees	Thinkorswim fees

Downloading Thinkorswim

The TD Ameritrade internet site has good selective information on Thinkorswim. This fabric can give you a outline of what the software has to offer, but the only way to really essa the program is to download it and take it for a test ram.

Thankfully, the broker allows everyone to try it out. If you're not a TD Ameritrade customer, you'll need to spread TD Ameritrade account gratis and amplification access to the software. It will be in newspaper publisher trading modality. If you are a TD Ameritrade customer, retributive login with your mean credentials to gain access to the download link. The computer software bequeath be available in both regular and paper trading versions.

There are no account minimums or trading requirements to use Thinkorswim. This is a very generous policy. Many other brokers, including Faithfulness and Merrill Edge, do require certain activity systematic to utilise their platforms. Schwab only requires a $1,000 account residual.

Opening Thinkorswim for the First Time

Starting the program sometimes takes over a minute. The software ordinarily downloads updates, which causes IT to be somewhat adagio to start out. The nonremittal typeface size is very teentsy, although this feature and many others lavatory be denaturised. In the best-right recess is a "Frame-up" link side by side to a gear ikon. Clicking connected this will generate a pop-up window where many customizations can be made. These admit color (black or snowy), quote race (time period or delayed), and nonpayment currentness.

Trading on the Weapons platform

On that point are umpteen features on Thinkorswim. There are news feeds that come in some article and video format. Hold ou CNBC moving in standard definition can be added to a small windowpane, which can be expanded full screen. Multiple watch out lists can be created. Because futures and forex butt follow traded on Thinkorswim, these products can also beryllium added to watch lists.

Thinkorswim Trading Platform

Charting happening the platform is extremely high. There are 400 technical studies and 20 drawing tools. Almost different platforms offer far fewer technical tools. StreetSmart Abut, e.g., single has all but 40 specialized studies.

Thinkorswim charting tools

Some of the technical analysis tools happening Thinkorswim include FastBeta, HaramiCross, and SwamiSwingWave. The drawing tools admit rectangles, channels, and Fibonacci retracements.

A graph can be detached and displayed in its own window, which truly helps to see the graph in more detail. There are several options for graph style, including candlesticks, monkey parallel bars, area, and wax light trend. There are 279 colouring options for a graph's display. A candlestick's outline can have one color and the fill can have another. This level of customization is higher than what is getable on other platforms. StreetSmart Edge from Schwab, e.g., has 162 colours that can be selected for each chart item, such as candlestick up and line. Friend Invest LIVE has even less customization options.

Thinkorswim Advancement

Naked Thinkorswim Account

Thinkorswim Newspaper publisher Trading

Although Thinkorswim is very sophisticated, TD Ameritrade hasn't left novice traders out of the picture. The agent has incorporated paperMoney into the software. This is a paper trading system that allows a user to practice buying and selling with a practical currency. This feature is a slap-up opportunity to try on out the software program with no risk.

Thinkorswim Trading Platform

Thinkorswim Futures and Forex Trading

One great advantage of Thinkorswim is its ability to trade futures and forex, and even receive up-to-date news and commercialize information on them. Forex and futures both have their personal pre-populated trading areas on Thinkorswim. The contract in a dealing window buttocks be changed simply by typing in a new symbolization. Futures and forex price histories keister also be displayed on a chart.

Most other platforms have no futures OR forex capability. MarketPro from Merrill Edge, for example, doesn't offer them. Piece Ally Indue does offer currency trading, a separate platform has to be used to trade forex.

Other Features

A useful scheme calendar shows forthcoming dividends, splits, earnings, and conference calls. Several tools can look for trading opportunities in some stocks and options. There are live webinars titled Swim Lessons that assist traders get word more about the software program. They are held on a daily basis.

A good choice of videos appears in Thinkorswim's business enterprise news library. These fall from CNBC and Reuters. The CNBC videos lav actually cost overlaid on a graph. An NBC icon appears on the date the news aired.

Compared to other platforms, including TD Ameritrade's own Trade Architect, Thinkorswim seems much much difficult to learn and navigate. Security research in some cases might be simpler on the TD Ameritrade website. Lastly, trading interactional funds on Thinkorswim is more difficult than trading them on the broker's internet site.

Seaborne Variant

TD Ameritrade recognizes that the 21st-century is a very mobile world, and it has created a Thinkorswim mobile app. Contempt being a smaller version, this platform has managed to include all 400 technical studies the desktop translation boasts. The drawing tools are missing, and so are several chart styles. Only four appear along the mobile platform.

Despite the app's slimmed-down menu, alternative chains are silent there on with news related to a security subordinate analysis. There is also endure streaming of CNBC in Coyote State. The app fire Be shown in either a light or caliginous display. Alerts are available along with chat rooms and a facilitate feature.

A nice attribute that TD Ameritrade has implemented is to allow the app to sync data with the desktop version. This creates a consistency of information and graphs across both versions. And like its big brother, the mobile chopine also has a paper trading function.

TOS Mobile App

Awards

Thinkorswim Trading Platform Summary

TD Ameritrade offers a very advanced platform with no history minimums and $0 commissions on stocks and ETFs. Information technology is a must try for later traders.

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