What Does Thinkorswim Mean and How to Get Started

Thinkorswim is a powerful trading platform that offers a wide range of tools and features for active traders and investors.

It's essentially a combination of a brokerage account and a trading platform, allowing users to buy and sell securities, as well as analyze and trade using various technical and fundamental analysis tools.

To get started with thinkorswim, you'll need to open a brokerage account with TD Ameritrade, the company that offers the platform.

Thinkorswim is web-based, so you can access it from any computer with an internet connection, and it's also available as a mobile app for Android and iOS devices.

Thinkorswim is a powerful trading platform that's been retained by Schwab as part of its new platform. It's available in three formats: thinkorswim Desktop, thinkorswim Mobile, and thinkorswim Web.

Trading is a significant part of Schwab's business, accounting for a fifth of its revenue over the past two years. And traders are bringing in a lot of assets, with an average of 6.5 times more than other households.

Thinkorswim's programming language, advanced charting, and paper trading simulator are all being kept in the new platform. These tools are designed to help traders make informed decisions and practice their skills without risking real money.

Chat rooms are also being retained, providing a space for traders to connect with each other and share knowledge. Meanwhile, some thinkorswim tools are being integrated into Schwab's platform, such as SnapTicket orders, which simplify the trading process.

The new platform is also adding TD Ameritrade's investing education tools and resources, offering traders access to experienced pros even when the market is closed. This is a big deal, as trading is a huge focus for Schwab and represents a critical part of its business.

Thinkorswim is a trading platform that's part of the Schwab family, and it's designed to help you navigate the world of trading.

The platform retains key pieces of thinkorswim, including thinkorswim Desktop, thinkorswim Mobile, and thinkorswim Web, which means you can access it from anywhere.

You'll also find thinkorswim's programming language, advanced charting, and paper trading simulator on the platform, making it a powerful tool for traders.

The top left box has all of your account info, so make sure to check it out.

Trading on thinkorswim is a huge focus for Schwab, accounting for a fifth of their revenue in the past two years.

To place an order, click on the "send" option, which will notify you in the top left of your screen when the order fills.

Thinkorswim's programming language and advanced charting tools are also retained in the new platform.

The trade panel has a few other tabs, including Forex, Futures, and Active, which are useful for traders.

Schwab is keeping thinkorswim's popular features, such as paper trading simulator and chat rooms, to hold on to traders.

To access these features, navigate to the trade panel and explore the different tabs.

The new platform will also include TD Ameritrade's investing education tools and resources, which are a great asset for new traders.

Schwab's head of trading services, James Kostulias, emphasizes the importance of trading for their business, and the new platform reflects this focus.

If you're experiencing issues with Thinkorswim, don't worry, it's normal. Thinkorswim is a powerful trading platform, but it can be overwhelming at first.

First, make sure you've completed the setup process correctly, as outlined in the article section "Setting Up Your Thinkorswim Account". This includes verifying your identity and funding your account.

If you're experiencing login issues, check that your username and password are correct, and that you're using the correct login credentials, as mentioned in the section "Logging In to Thinkorswim".

Restarting your computer or device can often resolve connectivity issues, as explained in the section "Troubleshooting Connectivity Issues".

If you're having trouble accessing your account, try clearing your browser's cache and cookies, as recommended in the section "Troubleshooting Browser Issues".