The good news is that TD Ameritrade offers some of the most competitive fees you’ll find on the market today.įirst and foremost, the company has long been a proponent of commission-free trading. After all, companies have to be incentivized to act as middlemen between the general public and the financial markets. You’re in the market to make money, not spend it, but no matter who you choose to work with, there will be fees involved. With such a successful, well-respected broker being behind the development of these educational materials, you can rest assured that they’re top-notch and can offer something of value regardless of your level of experience in the market. When you log into thinkorswim, you’ll have access to educational materials including videos, webcasts, tutorials, and more. One of the biggest benefits to working with large brokerage firms is their industry knowledge and, believing in the idea that knowledge is power, their willingness to educate their customers. Once you’ve fine-tuned your strategy and you’re ready to trade stocks and other assets with real money, simply log out and flip the switch on the login screen to access the live market. When you log in, you’ll be granted a boatload of virtual bucks and the ability to test your strategies using all of the tools and capabilities of the live thinkorswim platform. To access the paperMoney simulated trading platform on thinkorswim, all you need to do is flip the switch on the login screen. The best way to do that is with a paper trading platform that gives you meaningless virtual money to test in a real-time trading environment.
If you’re going to try your hand at active trading, it’s imperative that you do your research and practice your strategies before risking your first dollar. If you find an interesting investing option but aren’t quite sure whether you’re ready to pounce, simply add the asset to your watchlist and you’ll never forget the ticker. Traders and long-term investors alike have raved about the platform’s stock screener offered, dubbed the “Stock Hacker.” The screener gives you the ability to quickly find assets that meet your specifications, from basic to more advanced categorizations by criteria such as industry, volume, percentage change, put/call ratio, and many, many more. You’ll also have access to all the charting tools and technical indicators you could imagine, making analyzing trends and pouncing on the right opportunities at the right times a more efficient process. Successful active traders know the tools you use often make the difference between profit and loss, which is why so many of them choose to use this platform.įirst off, the platform itself is made for customization, giving you the ability to make sure the data that’s most important to you is available at a glance. While not necessarily intended for the long-term investor, the technical analysis tools thinkorswim offers are second to none. Traders and investors alike enjoy thinkorswim’s trading tools, trading simulator, and stock screener features, as well as the competitive pricing and multiple order types available on the platform. With a name like TD Ameritrade to live up to, the thinkorswim platform has some pretty big shoes to fill, and it does so easily. Investors will find quality research and educational tools designed to give you everything you need to be successful. Whether you’re into stock trading or investing for the long run to build wealth in the stock market, the platform will scratch your itch.
THINKORSWIM PAPER TRADING FOR FREE
Not only is the platform as intuitive as - if not more intuitive than - other platforms you’d have to pay exorbitant monthly fees to access, the brokerage makes it available for free to all users.
That means you’ll have all the charting tools and technical indicators you need to be successful when using the platform.
Offered by TD Ameritrade, one of the most trusted online brokers, thinkorswim is a trading platform that was designed by traders for traders.