Thinkorswim – innovative trading platform with advanced functionality. News stream from Reuters, access to trading volumes, community of traders, scanner of financial instruments in the stock market, financial television, trading emulator, extended charts, trading strategies, volatility analysis – all these functions provide extensive opportunities for successful trading.
Thinkorswim not only provides access to quotes, charts, optional, scanners, but also does it absolutely free! You should now be able to explore sectors, study option pricing, trade all listed shares on NYSE, NASDAQ and AMEX.
The program is very simple and convenient. Contains a lot of useful features for active traders.
registration : www.thinkorswim.com/tos/displayLogin.tos
Download : www.thinkorswim.com/installer/InstFiles/thinkorswim_installer.exe
DEMO :
There is demo access to all functions, but with a delay in 20 min. REAL TIME GRAPHICS.
After going through a tricky registration, run the program. After checking the update, a window will open
In field "Connect to"Choose"paperMoney», enter login and password, assigned during registration and click Ok
Gadgets at Thinkorswim
PaperMoney has such a thing as a gadget - an internal application, performing any function. Among gadgets:
1) News from Reuters
2) radio
3) CNBC (works only when trading on the American stock exchange)
4) Calculator (more than once it was necessary before the deal)
5) Games (saper, tetris, Lines)
Graphs (Charts)
On the Trade tab, you can customize your workplace - there is everything 4 типа – All Products, Forex Trader, Future Trader, Active Trader. They differ from each other by the set of tools on the tab, as well as the time scale of the displayed data. Active Trader has 5 minute charts. Forex Trader displays 12 charts of popular currency pairs.
The Charts tab is similar to the Trade tab, they are very similar and differ in the initial settings and templates for these settings. In the Charts tab - 6 charts, and on the Trades tab - 2 graphic arts, orderbooks and tables of deals. Generally, both tabs can be changed to the same form.
Working with charts is somewhat different from the usual Metatrader. To get to any tool, you need to take a few steps through the context menu, or through a few buttons in the main menu, which is not very convenient. The grid is irregular - that is, it does not consist of identical squares, like in MT4. Graphic tools (Drawing) about the same, and here are the indicators (Study) much more. For the convenience of users, indicators have a double breakdown - alphabetically and by application. (market strength, trending, etc.)
There is also such a tool, as a strategy. They are small scripts, placing arrows at the entry and exit points online. There is no backtesting of strategies.
Trading at ThinkOrSwim
Trade, as an everywhere, conducted using orders. There are 4 types of orders - Market, Stop, Limit, TrailStop. Stop and Limit and TralStop orders are hung on the Market Order. Besides, orders can be tied in complex OCO pairs. HOLLOW (One Cancels All) - all orders in the group will be canceled, if one of them is executed. In this way, can be put 2 channel breakout orders, and when one of them fires, then the other will be canceled.
For those, who, except Metatrader, did not trade anywhere else, the PaperMoney order system may seem complicated - but it's worth working on for a while, and you will get used to it.
An incorrectly filled order will be rejected by the system, and it will save you from mistakes when filling in the fields.
In ActiveTrader mode, you can see unique data - order books for instruments, and also a table of all transactions. This can greatly help in making a decision.. Truth, there is a fly in the ointment - on the demo, the delay in the data is 20 minutes.
Analysis tools
Very curious tools for data analysis. This is a volatility analysis, transactions in the past, portfolio risk, analysis of returns, etc.. The picture below shows the volatility chart for S&P500.
Another interesting point is the scanner, which selects tools according to specified conditions. This Scan function has several modes of operation - Stock, Spread и Book. For example, we will select stocks with a price of more than 10$, grown over, than on 1% and with a capitalization of a million $. На выходе получим UEM – всего одна stock удовлетворяет данным условиям.
Total filters 6 - price, turnover, company capitalization, absolute change per session, percentage change per session, EPS. Besides, there is more 22 additional parameters, which can be selected in 2 lower forms, among which - various price data, option ratio, volatility, etc..
Thanks to this scanner, easy to choose stocks, suitable for your strategy - low liquid cents, underestimated, fast growing, etc..
Market Review (MarketWatch)
This tab allows you to get important information about the market - press conferences of companies, share splits, information on dividends, general information about raw materials and more.
Communication in the community of traders
PaperMoney has the ability to view transactions of other traders, read analytics, exchange ideas, etc.. Thanks to this, the platform creates a feeling of complete immersion in the exchange world.. However everything is in English.
Programming
PaperMoney has a built-in programming language, allowing you to create your own indicators and strategies. The language is very similar to Easy Language in Omega and much simpler than mql4, Really, and the possibilities are much more modest. Understanding the programming inside the trading station allows the built-in vocabulary, describing all language constructs, as well as examples of internal indicators and strategies.
The platform does not provide autotrading capabilities, but through the program website you can access the company's online services, who provide this service.
User manual and support
Before starting to work with the program, or in case of any difficulty, you can get acquainted with the program through the Help tab. There are many opportunities to learn something new - videos in .wmv format, .mov, .svf - at your service. The duration of the videos is from 5 to 10 minutes.
Besides, there are links to educational sites, radio and electronic support service boxes.
conclusions
Trading platform PaperMoney creates all the conditions for analysis and successful trading. This is one of the best trading software. There is only one significant minus - the delay for 20 minutes on demo account, that's why, to receive operational data, you must open a real account.
You can open a real account through a broker, whose name coincides with the name of the program.
