Thinkorswim is one of the many trading platforms available to traders looking to conduct stock and other trades online. The platform is generally regarded as being among the best trading platforms. However, we should warn you that the think or swim is pricier than some other trading platforms. In exchange for higher fees, however, ThinkorSwim gives you access to much better resources.
Thinkorswim is known as one of the better trading platforms out there. Acquired by TD Ameritrade in 2009, the platform offers some of the best features out of any online trading platform. Some key features include real-time data streaming, stock scanners, technical studies, and some of the best and most up-to-date charts available.
Advantages of ThinkorSwim Trading Software
There are tons and tons of potential trading software platforms out there. So how do you pick the right one? The first thing you should do is sit down and think about yourself and your own needs. What type of trading do you plan on conducting? Options, bonds, stocks, forex? How frequently do you plan on trading? Ten times a day? A few times a week? Only every few months? The answers to these questions will make a big difference in terms of deciding which trading platform is best for you.
The thinkorswim stock trading platform is great for both advanced and newbie investors because it offers so many educational opportunities. Really, this trading platform is also an excellent educational platform. You can find tutorials and information on a huge range of different topics, and you can bring yourself up to speed. For educational reasons alone, thinkorswim is one of the best options out there.
What if you already know what you want to know? First, it’s always a good idea for investors to keep learning, no matter how skilled they might be. Second, thinkorswim offers a lot of other benefits as well. The thinkorswim platform features some of the best charting features out of any standard trading platform. There are a few excellent stand alone charting platforms that might arguably be more advanced, but when it comes to charting features as part of a standard trading platform, ThinkorSwim offers some of the best.
ThinkorSwim also offers a wide variety of excellent technical analysis tools. Few trading platforms offer so many tools when it comes to technical analysis, usually you have to pay for separate analysis software. Further, the platform also features numerous great automated trading tools that are both reliable and quick. This makes Think or Swim a great option for technical analysis trading, although the $9.99 fee per trade can add up quickly.
Further, ThinkorSwim is a great option for options. In fact, many consider it to be among the best, if not the best, traditional trading platforms for options. The options platform is highly advanced and features a wide variety of very useful tools, and is very easy to customize.
Finally, the ThinkorSwim mobile app is among the better apps out there. The app closely resembles the desktop platform, so it’s easy for you to navigate and use both. If you want to keep an eye on your stocks and investments while you’re on the go, the ThinkorSwim mobile app is a great option!
Dipping Your Toes In The Water With ThinkorSwim
If you’re curious about this platform, you can get a thinkorswim login or a thinkorswim download and give the platform a go. It’s a great platform and belong’s on just about everyone’s shortlist. While prices per trade are a bit higher, they are still reasonable. If you don’t engage in day trading and other high frequency trading methods, the access to extra charts and software would more than make up for the extra costs.
You can also thinkorswim paper money to test out both the platform and your investing strategies without putting money down. Thinkorswim paper money is a virtual simulation platform that allows you to invest fake money so you can try both your hand at markets, and also the platform itself. This means you can both test out the think-or-swim platform and also test out your investing strategies! Talk about a win-win.
There are many other online stock trading platforms out there, however, so make sure you take your time selecting one. When possible, we recommend that you try out several platforms so you can find the one that you personally like best. Either way, make sure you check out Think or Swim! This platform should definitely be on your short-list of choices.