thinkorswim is a trading platform dedicated to educating their clientele about the joys of investing within the stock market. With this trading program, traders will be able to place orders and manage their accounts through a web-based portal. An alternative would be to use a smartphone to access the portal. They offer stocks, futures, options, and currency exchanges. This casual approach would appease many as it bring a more enjoyable experience in handling money.
thinkorswim Offers a More Casual Trading Experience
It should be noted that thinkorswim does not have commission rates, which is advantageous for many, especially if you only have a smaller account or if you don’t trade a lot. Still, there is a fee that comes per trade, but it is of a reasonable price. You can also conduct trades on a “per share” basis to pay a very minimal amount but there is a minimum amount of shares that you need to purchase to get this benefit.
With thinkorswim (by TD Ameritrade), traders are able to trade for stock, mutual funds, exchange-traded funds, options, bonds, T-Bills, and currency. Users are also able to set up an IRO for retirement or for an education savings plan. Speaking of education savings plan, these include Coverdel ESAs, 529 Plans, and Custodial Accounts.
The website, along with the software, has multiple tabs to make navigation a more simple task to offer. There are also demos on an array of topics to help you be educated on its tools and services.
It has four different trading platforms, to which you can trade from either your computer, from the web, a platform called “think anywhere,” and mobile. Think Desktop is the platform made for computers or a laptop. It is a premier software-based platform that has alerts, charts, and quotes. The Web-based platform has the most powerful features found in the Think Desktop platform. This can be available on any computer even without the computer program installed. The Think Anywhere platform is for handheld devices that will allow trades to trade from anywhere with just the use of a cellphone signal. Think Mobile is a wireless platform for mobile web browsers.
With all the versatility involved, thinkorswim offers a better, and more enjoyable way in understanding the ins and outs of trading. If you’re an entry-level trader that wants to get a good head-start into the game, then you can try out this flexible trading platform.