The ThinkorSwim platform has so many gadgets and add-ons for you to use that you will instantly get hooked on it. For example, instead of having to pay for news services to complete your setup as a professional trader, you can use the news gadget on think or swim to have immediate access to breaking news as they hit the wires. In fact, you can even filter them so you only receive news from the instruments on your watchlist. The capabilities of this platform are unimaginable and unless you take this tutorial you will never understand how thinkorswim can make you more profitable by easy access to news, calendars, trader TV, squawks and chatrooms.
The thinkorswim platform was developed by Tom Sosnoff specializing in options. Charting and drawing tools were added later. On thinkorswim you can trade options, stocks, forex, futures and almost any derivative out there and because of its excellent integration you can easily jump from one product to the next with just a click. Since this is a trading platform tutorial there are no prerequisites for it. You can be a complete beginner and by going through this tutorial you will learn step by step how to operate it and how to send your orders through it.
In fact, you can start your trading career by understanding how powerful thinkorswim is and choosing it as you trading platform for your daily trading activities. This means that if you choose to open a live account with thinkorswim you will have direct access to everything this platform offers.
You can also request a demo trial to test drive the platform which is the step we recommend you follow after taking this tutorial. The short answer is yes you can. You can find programmers that know the thinkorswim script thinkscript and ask them to create an indicator based on your preferences. To be honest, the thinkorswim platform, is so complete that the amount of indicators on it will be more than enough for you.
In them you can see that you have a list of licensed indicator, which are proprietary to this platform. This app is so complete that you can manage open position and view your account balances on all your accounts, analyze technically on charts, access the latest news to hit the wires, access and track events through an interactive market calendar, track and modify orders and alerts, stream live CNBC, scroll through your watchlists and even deposit checks into your account.
Practice Trading at eToro Now! Best Forex Brokers Benefits of Trading with our BO Indicator: Overview of the ThinkorSwim Platform. The Live News Feed. How to Create a Watchlist. Chatrooms, Squawk and Support. Activity and Positions Tabs. Changing the Chart Appearance. How to Add Indicators to Your Charts. How to Add Trendlines to Your Chart. How to Use the My Tools Bar. How to use the Flexible Grid Menu. Using the Super Gadget Menu. Off the Chart Trading. Using the Active Trader Tab.
How to use the Forex Trader Sub-Tab. Buying and Selling Stocks. How to Trade Options. Placing Orders on Super Gadget Menu.
How to Place Stop Orders. Simulated Trades and Risk Profile. How to use the ThinkorSwim's Backtesting Tool. How to Use the Stock Hacker. How to Use the Spread Hacker. How to Use the Spread Book. How to Use the Heat Map.More...