Online broker with best platform for swing trader. What is Swing Trading? Swing trading is typically defined as holding a position for a period of at least one day but for a maximum of days. This position can be held in stocks or option contracts. Swing trading can possibly net smaller gains than traditional long-term investing in the short term but over an extended period of time if those small gains are compounded it can turn into a substantial return on investment.
Who is Swing Trading For? Swing trading is for investors who have a higher risk tolerance than conservative long-term buy and hold investors but do not want the increased risk involved with day trading. Swing traders do not have to sit in front of their trading platform all day like day traders but still have to keep an eye on their positions consistently unlike long-term investors.
Swing trading is best for someone whose confidence will not be altered by having to cut losses quickly and wants to implement a considerably aggressive investing strategy. Ranked number 1 overall broker by Brokerage-Review. With TD Ameritrade several options exist to execute trades including a web-based platform, desktop-based platform, and a mobile app. The web-based platform is a worthy option for swing trading and executes trades exceptionally but does not offer the advanced tools or analytics available on the desktop platform.
Finally, the mobile app which is the number 1 trading app on the Apple app store is a beneficial option for traders on the go who must be mobile but do not want to miss out on rapidly changing market trends. All three platforms are free to use outside of the usual trading fees. Benefits of TD Ameritrade As an industry leader TD Ameritrade offers many benefits and options not every brokerage can offer swing traders.
Once ready to start executing real trades the benefits only expand. Since swing traders rely heavily on technical analysis to identify trends and then capitalize on those trends the tools available in the desktop-based platform are invaluable.
The speed and reliability of the thinkorswim app lets traders cut losses quickly if they must or hopefully capitalize on profits before the market moves. Whether shorting a stock and buying put contracts or purchasing shares and buying call contracts every order type possibly desired is available.
Flexible margin account requirements and low interest rates create a great opportunity to grow an investing portfolio at an accelerated pace. Top Broker For Swing Trading Summary Well suited for a bullish or bearish trader, beginner or the more advanced trader, a large account value or someone just starting their swing trading journey TD Ameritrade offers the best means to obtaining swing trading goals for everyone. Everything a swing trader could possibly need is available free to use be it the advanced tools and metrics in thinkorswim or the mobile app that allows trading on the go.
Thanks to the best swing trading platform, excellent charting, and the number of extremely useful tools, TD Ameritrade is rated the best broker for swing trading stocks and ETFs in All rights are reserved.More...