#1 most frequent
United States of America
78.8%26 installations of 33
What is thinkorswim?
Thinkorswim, with its Investools division, is an American company offering live and online investor education services. In addition, through its brokerage subsidiary, thinkorswim, Inc., Investools provides services to funded trading accounts for self-directed option traders and institutional users who invest in equities, exchange-traded funds, futures, mutual funds and bonds.
Categories & Use Cases
Product Demos
Who Buys & Uses thinkorswim
#2 most frequent
India
6.1%2 installations of 33
#3 most frequent
United Kingdom of Great Britain and Northern Ireland
6.1%2 installations of 33
The best Trading Software, Must to have Tool in Trading and Investing toolbox
Use Cases and Deployment Scope
Thinkorswim is really a great platform for trading. This provide all the features which are required for trading. The charting and Alerting feature is so powerful here. This platform can be used for all type of trading , Day trading , Swing Trading and Long term investments. I have used various platform but this one of the best platform so far. Thinkorswim UI is so powerful and use friendly.
Pros
- Day Trading
- Swing Trading
- Long term Investment
Cons
- Provide REST APIs for the developer.
- Platform keep crashing and this can be improved.
- Provide a journal Feature to evaluate the performance of trading
Most Important Features
- Charting
- Alerting
- Placing Order
Return on Investment
- Easy to place orders
- Easy to analyse stocks
- Easy to check over all portfolio
Alternatives Considered
robinhood
Other Software Used
TradingView, StreetSmart Edge by Charles Schwab, Webull Financial
It's a useful platform
Use Cases and Deployment Scope
We use it primarily to help us navigate the investment markets in real-time. We use the streaming quotes and charts, but also the live feed of CNBC during market hours. In particular, the chart setup with the upper and lower studies uses MACD, Bollinger bands, and the moving averages.
Pros
- The appearance of the platform.
- The customization of the platform.
- The news feed.
- The ability to customize or link the windows with others.
Cons
- Offering more streaming platforms, like bloomberg for example or Fox Business.
Most Important Features
- Quote grids with listing
- Chart studies
- Level 2
Return on Investment
- It has allowed up to provide detailed analysis.
- Keeps us well informed of stock positions.
- Stock activity like dividends and reorgs.
Alternatives Considered
StreetSmart Edge by Charles Schwab
A Green Ticket to Fly Straight to the Moon
Use Cases and Deployment Scope
The biggest help that TD Ameritrade's thinkorswim provides is the ability to test out investment strategies without the risk of losing real money. Also, this can be a great teaching tool for a novice who is just getting into stock trading. Although the UI can be intimidating at first, it only takes a few days before being comfortable with the program. TD Ameritrade's thinkorswim allows for a range of trading strategies such as simple buy or sell of shares to more complex option trading methods.
Pros
- Ease of use
- Learning tool without risk
- Wide range of trading strategies
- Generous free trial period
Cons
- UI look can be intimidating to new users, especially those who have no experience in the stock market.
- The trial period could be a bit longer to help understand certain trading strategies, 90 days could be a sweet spot.
- The addition of hints within the program could help new users.
Most Important Features
- Mobile app is easy to use.
- The use of paper money opportunity to be used by beginners.
- Merging with Charles Schwab provides peace of mind.
Return on Investment
- No negative impacts so far, the use of paper money through thinkorswim helps lower risk of negative results.
- A positive impact is the use of thinkorswim through the web, desktop, or mobile device.
- To reiterate from before, thinkorswim is invaluable help to a business or person learn about the stock market without any risk of losing and be confident about their skills prior to using real money.
Alternatives Considered
Charles Schwab and robinhood
Other Software Used
Charles Schwab, robinhood
