Tools – has several custom thinkorswim features.

Charts – provides a graphical interface for real-time data.

MarketWatch – provides you with useful market data.

Scan – this serves as a filter with which you can hone in on your assets of interest.

Analyze – has a plethora of analysis models that you can run in real, “what if” and backtesting scenarios.

Trade – contains interfaces that categorize the tradable assets, i.e.

Monitor – tracks your trading activity and includes trading data like orders, balances, trading account status, statements, and more.

Let’s go over what each of the main windows represents: Each of the windows has its own (sub)toolbars. On the main toolbar that is situated on top of your interface, you can find the main windows. Note: when logging in you can choose if you want to use Live Trading or Paper Money. When done, open your thinkorswim app and log in with your account credentials.

While you wait for the program to download and install, go over to the following link and in the upper-right corner click the green “Open New Account” sign.Īfter that, be sure to go over the sign-up steps in order to properly create an account. Then click “install thinkorswim” and follow the installation instructions.

In order to do this, go over to the following link and select your OS. To get started with Thinkscript, you will first need to download the app. Thinkorswim is the TD Ameritrade’s trading platform that allows its users to trade, analyze and chart the financial markets. Due to the vast amount of customizations, it can be confusing for beginners.Can be a bit pricey when compared to other brokerages.Offers Futures, Options, Stocks, and Forex.Thinkscript can be thought of as a tool that allows you to run trading analysis, backtest strategies, build watchlists and set up alerts for financial data. Non-commission currency pairs trade in increments of 10,000 units. You can find the summarized trade fees in the following table below: Product The commissions follow the current TD Ameritrade Thinkorswim TOS costs. Is Thinkscript free?ĭownloading and using Thinkscript is free, only when it comes to trading do the fees apply. Link: Can I trade automatically using Thinkscript?Īs of 7th March 2022, no.

Thinkorswim is the trading platform for the broker TD Ameritrade. Thinkscript is a programming language for the Thinkorswim trading platform that allows its users to backtest strategies and build tools such as watchlists, indicators, and more.

Where can I learn more about Thinkscript?.

How to create your own strategy with Thinkscript?.

How to add simulated trades in Thinkscript?.

How to set up td ameritrade thinkorswim