What is thinkorswim
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From basic choices like limits and stops, thinkorswim scales up your choices to timed trades, triggers, conditionals and more on a system that supports up to eight legs. For equities and derivatives alike, you can set up pre-scripted trades that support a wide range of positions.
#What is thinkorswim full#
The Level 2 data in particular helps make thinkorswim a useful platform for day traders and other high-speed and high-volume investors.Ĭomplementing these features, thinkorswim supports a full range of complex order types. There are hundreds of possible technical indicators to select from, so you’re almost guaranteed to find one that best suits your trading needs.įundamental analysis is best served in the desktop client, which has a range of widgets that include news, analysis, currency maps, Level 2 data and (for the whimsical trader, or just the bored) Tetris. Whether you’re looking for pricing information, volatility or even strategy-based indicators, thinkorswim has a drafting option for that.
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For any given asset you can build out your own trading screen, charting the issues that matter to your own personal strategy. Unlike many high-sophistication trading platforms it offers a vast array of both technical and fundamental analysis, allowing you to review not only the movements of a given asset but also the news information about the companies behind those securities. The browser-based portal and desktop portals are both excellent ways to use this service, although the desktop offers a greater range of data options and more customizability than its web-based cousin.ĭata and customization are the core of thinkorswim’s service, and this is a double-edged sword.įor its target audience thinkorswim offers an enormous range of choices.
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The truth is that if you’re looking for the feature-limited abilities of an app, you’re not looking for the high complexity of something like this platform. While the app-based client is well designed, it is also very lightweight for a platform like thinkorswim. TD Ameritrade also offers three different ways to access the thinkorswim platform, through a desktop client, web browser or in-app trading. It does not, at time of writing, support trading in cryptocurrency. This includes stocks, ETFs, mutual funds, bonds, futures and foreign exchange. As a full service platform, thinkorswim supports all major asset classes.