do you need a td ameritrade account to use thinkorswim

Or maybe step outside your comfort zone and trade some new products or different asset classes.Īre you a stock trader who’s considering adding options to your strategy? paperMoney allows you to test the waters of basic options strategies. But you can also do in-depth research on those biotech or fintech stocks you keep hearing about. Of course, you can trade stocks in the trading simulator. Now that you ’ re using paperMoney, there’s no better way to explore the power of the thinkorswim platform-with no risk-than by digging in and trying some things that you normally wouldn’t. For illustrative purposes only. Past performance does not guarantee future results. Image source: the thinkorswim platform from TD Ameritrade.

You now have virtual trading access to most of the same suite of tools, charts, and indicators offered on the state-of-the-art thinkorswim live platform.įIGURE 1: PAPERMONEY LOGIN. On the thinkorswim platform, make sure to toggle over to paperMoney to access the stock market simulator.

When launching thinkorswim, slide the toggle switch under your username and password to paperMoney before logging in (see figure 1).

Select the green Download thinkorswim button and install the platform.

At the far right, select Start swimming today.

Are an experienced, veteran trader but want to use virtual trading to test new strategies.

Have the capital to trade but aren’t sure where to begin.

Want to try trading stocks but don’t yet have enough funds.

A stock trading simulator is a great way for anyone to hone their trading skills, especially if you: PaperMoney offers a virtual trading experience that lets you test your trading strategies just as you would in a real, live situation but without risking a penny on an actual stock exchange. And one way to pursue that goal is to practice, practice, practice on the paperMoney stock market simulator on the thinkorswim trading platform.

The trading simulator offers the thinkorswim® experience without putting real money at riskĭoes practice make perfect? Well, in the world of trading, we don’t aim to be perfect, but we do want to be profitable.

Use paperMoney to try virtual trading with options, futures, or forex, or to explore chart indicators and studies.

Test your trading strategies in a stock market simulator without risking a penny.

Do you need a td ameritrade account to use thinkorswim