ThinkorSwim Tutorial

ThinkorSwim Tutorial for Beginners

This ThinkorSwim Tutorial goes step by step into how to set up your TOS Platform. ThinkorSwim is one of the most popular trading platforms on the planet. They have one of the industry’s best charting and paper trading platforms. There are a lot of customized features available with their platform as well. This video will help you set up their platform quickly. 

Our ThinkorSwim tutorial course walks you through how to use ThinkorSwim, set up your TOS account and charts, and use the Thinkorswim platform for beginners. Of course, you need to open an account and download ThinkorSwim first! Thinkorswim paper money is also covered in detail.

We set up our tutorial course with you in mind! Building it out with everything we would have wanted to know when we first began trading! The TOS platform by TD Ameritrade could be incredibly challenging, but we do our best to simplify the setup process in this ThinkorSwim tutorial.

ThinkorSwim is one of the best trading platforms out there. ToS is a very stable, fast application backed by one of the best brokers in the industry. This TD Ameritrade paper money course is a great way to start on the right foot and protect yourself from yourself. Our course will save you countless hours and massive headaches trying to learn how to set it up all on your own. Trading is challenging, but it makes it more challenging when you don’t know the mechanics of the broker you are dealing with. 

Customer Service

We spent a lot of time, trial and error, and countless hours on the phone with TD Ameritrade so that you can learn from the TOS videos in this course. The great part about TD Ameritrade is they have the best service we have experienced in the brokerage world. In addition, TD Ameritrade paper money is awesome for new traders.

TD Ameritrade also has 24-hour trading now. The available stocks are limited after 8 p.m. (normally during extended-hours trading ends). But you can trade stocks like $SPY, $QQQ, $GLD, and $USO 24 hours a day. If you want to trade crypto 24 hours a day, open a Robinhood account

This is a big advantage over some platforms because news often breaks at night, and you can trade the news! There needs to be more liquidity during overnight hours.

They have also become more competitive with their fees to compete with brokers like Weibull and Robinhood. They negotiate fees as well. So, if their fees are higher than your current broker, call their customer service and let them know. Sometimes, they will make their rates more competitive.

Chart by TradingView

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DESCRIPTION Trade Ideas provides powerful tools like real-time market scanning, AI-driven trade signals, customizable alerts, advanced charting capabilities, and time-saving data visualization is the leading provider of real-time or delayed intraday stock and commodities charts and quotes. Track and analyze your investments and keep tabs on your portfolio FinViz is an online stock screening, research, and visualization platform that offers various trading tools on a single platform. Solid scanner for traders or investors

ThinkorSwim Paper Trading Tutorial

The TD Ameritrade paper money system is great to start learning. You must fund a TD account to access their ThinkorSwim paper money trading platform. It’s worth it.

You cannot “trade” effectively without a good charting platform. Using Robinhood, Stash, or something like that will not cut it! Besides, TD now offers free commission trading! You want fast executions and real-time data and need fast charting. You want power!

The ThinkOrSwim platform has the tools you need to trade. You can use the simulator and get yourself acquainted with the platform. The ThinkorSwim paper money account becomes much easier to navigate as you practice. Read this TD Ameritrade Review for a more in-depth look. 

How Do I Use ThinkorSwim?

  • Learn to use their platform in our ThinkorSwim tutorial
  • How to download and log in to ThinkorSwim
  • Learn how to set up your ThinkorSwim charts
  • Find out how to customize TOS filter studies
  • Input trade alerts into the platform
  • How to set and customize ThinkorSwim scanners
  • Watch as we teach you how to place a trade in TOS
  • Setup active trader and big buttons to trade
  • How to scan for options trades and place a trade
  • How to short stocks using their platform
TD Ameritrade ThinkorSwim Tutorial

Is ThinkorSwim the Same as TD Ameritrade?

TD Ameritrade owns the ThinkorSwim platform, so they are the same. Charles Schwab now owns TD Ameritrade, so they essentially own ThinkorSwim. We will see what they do with their platform moving forward. You could choose several other brokerage platforms, but they must include the Thinkorswim paper money platform that TOS does. Their simulated platform is top-notch and second to none! We recommend immediately funding your account with what you can afford and practicing trading on the simulator. The TD Ameritrade paper money simulator is the best we’ve tried.

ThinkorSwim is downloaded a lot by traders to learn. Why? Because it’s the best out there to learn on, and it’s a great all-around broker for investors and traders. Once you download ThinkorSwim, you can start setting it up and use our course to set you on the right path. PS, you no longer pay anything for trading stocks on TD Ameritrade! Yup! They followed Robinhood’s lead and now offer free trading for stocks and ETFs. Read our TOS Review.

Frequently Asked Questions

ThinkorSwim is a very good broker for beginners. However, TOS is overall one of our favorite and most recommended brokers because their platform offers advanced level charting, custom scanners, a wealth of indicators, a custom indicator system, streaming text news, audio news, CNBC built-in, access to global markets, competitive commissions costs, educational content, webinars, chat rooms, fundamental analysis, advanced analysis of economic data, earnings data with advanced charting, an incredible simulated trading platform, and fantastic customer service on top of it all.

The ThinkorSwim paper money platform is free but has a simulated data setup by default. Having real-time data set up is best, so you can paper trade live with the markets. TD Ameritrade will activate real-time data on your TOS paper money platform if you fund an account.

  • Yes, you can paper trade on the ThinkorSwim platform
  • Login to the TOS platform
  • Make sure to click the paper money button
  • You’ll get $300,000 stock buying power
  • $200,000 option buying power
  • Practice trading with the exact amount of shares that you'll use in your real trading account

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