Thinkorswim OnDemand: Where Practice Meets Proficiency

Thinkorswim OnDemand is a game-changer for traders who want to improve their skills without risking real money.

With OnDemand, you can access a library of educational content, including video lessons and interactive tutorials, that cover a range of topics from basic trading concepts to advanced strategies.

You can learn at your own pace, pausing and rewinding lessons as needed, and even take practice quizzes to test your knowledge.

The platform offers a comprehensive learning experience that's designed to help you build confidence and proficiency in your trading skills.

To get started with thinkorswim on demand, log into your live trading account and select the icon from the upper right corner. This will take you to a simulated account with an initial balance of $100,000.

The main controls in this interface allow you to set and modify the date and time within the past, as well as go forward historically or backward in time. This feature is perfect for testing strategies without risking real money.

To verify you're using OnDemand and not trading with live money, look for the following visual cues: a shaded orange OnDemand button, a calendar next to it, and an orange border around the entire platform. These indicators will give you peace of mind as you experiment with different scenarios.

You can switch back and forth between OnDemand mode and your live account by clicking on the OnDemand icon again. This feature allows you to seamlessly transition between testing and live trading.

To reset your OnDemand account, click the Reset button on the right. This will take you back to your original starting time and reset your account size to the initial $100,000 balance.

Thinkorswim on Demand is an excellent tool for practicing and training your trading skills. You can use it to move back in time and do simulated trades using all your trading indicators and setups.

With Thinkorswim on Demand, you can practice your trades on tick, minute, daily, weekly, or monthly timeframes. This is made possible by Thinkorswim's stored historical price and options data for the last decade.

Thinkorswim on Demand allows you to practice your trades at any time since it's using historical data. This is different from the Thinkorswim paper trading account, which uses live data and can only be traded during market hours.

You can practice and train on thinkorswim's platform from anywhere, thanks to its seamless device switching feature. This means you can start researching on your desktop, pick up where you left off on your mobile device, and then switch to the web platform without missing a beat.

The platform is totally integrated across devices, so any customizations you set up on one platform will instantly be reflected on the others. This includes your trading settings, watchlists, and more.

Being able to switch between devices so easily makes it easy to stay on top of your trading game, no matter where you are.

You can practice your trading skills using the Thinkorswim OnDemand feature, which allows you to move back in time to do simulated trades using all your trading indicators and setups.

Thinkorswim has stored all the historical price and options data for the last decade, enabling you to practice your trades on various timeframes, including tick, minute, daily, weekly, or monthly.

To use Thinkorswim OnDemand, no coding of strategy rules is required, unlike the Thinkorswim strategy backtester.

This feature is different from the Thinkorswim paper trading account, which uses live data and can only be traded during market hours.

You can run simulated trades using past charts and quote data, rather than live market data, allowing you to quickly see how a strategy would have played out over hours, days, or weeks.

Thinkorswim OnDemand is free to Thinkorswim users, making it a valuable tool for traders to hone their skills.

The Thinkorswim OnDemand can be memory intensive, causing buffering time to load historical data, which may be frustrating at times. To optimize your experience, consider increasing the memory size of your Thinkorswim desktop.

Loading too many symbols in your watchlist panel can also slow down the OnDemand experience. Limiting the symbols in your watchlist panel can help.

OnDemand mode doesn't support scanning, so you'll need to explore other options for analyzing your trades.

The fills when entering and exiting a trade in OnDemand mode won't be identical to a live trading account, as they happen instantly at the median price. This is different from the slippages that occur in a live trading account.

Despite these limitations, OnDemand is still a great way to practice your trades and gain consistency.