How To Setup Indicators On Think Or Swim Paper Money
Sign Upward for ThinkOrSwim Newspaper Money Demo Trading
I've just uploaded a video on how to sign up for ThinkOrSwim Paper Coin, and how to download, install, and login to the platform. The video besides highlights some of the differences betwixt the live trading and papermoney trading platforms, and how to make certain you're logged into the paper trading side instead of the alive trading side. Here's the video:
Step i: Download ThinkOrSwim
The first thing you can do is go ahead and visit our download page and become ahold of the latest version of the thinkDesktop trading platform:
http://easycators.com/download
Make sure yous note where you choose to download the installer file to and then yous can observe it and launch it later.
Now, information technology will take anywhere from several seconds to several minutes to download, depending on your connection speed, and so while that's downloading, it'due south an ideal time to become ahead and move on to step 2.
Step 2: Sign Up for paperMoney® Demo Trading
One affair to note here is that, if you already take an business relationship with ThinkOrSwim or TD Ameritrade, and so you already have access to paper trading and yous don't actually need to practise anything else except download and install the TOS platform (if you don't already have it). A lot of traders are used to dealing more than with TD Ameritrade and are unfamiliar with the thinkDesktop platform itself, so some people aren't enlightened you accept to actually download the software in order to use PaperMoney. So yes, do that first.
If you don't have an account with TDA though, you'll need to asking on of their FREE lx-twenty-four hours trials to Thinkorswim Paper Money. And you can practice that here:
http://easycators.com/pm
Step 3: Install the ThinkOrSwim Download
This is pretty self explanatory — they walk you through it very well. Just brand certain you know where you downloaded the install file, so double click to open and run it. Brand sure you click aye or allow to any permissions requests.
Some other note here is that, if it makes sense in your situation, I would exist certain to install the program for "all users" if it asks yous to choose during the installation procedure. This makes it so that you tin more easily utilise sharing features inside the programme, such as importing custom indicators, chart studies, scans, and and so forth.
Stride 4: ThinkOrSwim Login
At the end of the installation, you can choose to have the plan automatically launch, and likewise add an icon to your desktop. If you did one of those, just cease the installation and information technology volition launch the program for y'all, or you tin can double-click the new icon on yous desktop. Otherwise, fish through your applications / programs folders until you find the thinkorswim awarding, and launch it. I have a Mac and keep my icon anchored to the dashboard for like shooting fish in a barrel access, and Windows users tin equally pin the application to their taskbar or Windows Outset menu.
When the TOS window opens upward, just blazon in the credentials provided to yous by TD Ameritrade / thinkorswim. The login for TDA and thinkorswim are both the aforementioned, and the aforementioned credentials work for real money equally for paperMoney.
One thing to note though: there's a toggle switch to get between real money live trading (green colored) and newspaper coin demo trading (tan/brown/gilded colored). Make sure that toggle switch is gear up correct before you lot start. So click login!
Footstep 5: Demo Trading
Demo trading in ThinkOrSwim paperMoney is pretty much the same as live trading in nigh every fashion: you lot can analyze charts with an impressive collection of indicators and strategies, and utilize the scan tab to find bang-up setups. Y'all can salve custom watchlists and customize the platform in much the aforementioned way you tin can on the alive trading side. The biggest difference with paperMoney is that the information feed for TOS in the paperMoney platform is delayed by twenty minutes, whereas the normal platform is real time.
Decision
Hopefully this guide will get yous setup and running with your new paperMoney demo business relationship on ThinkOrSwim. In the futurity I'll hopefully be doing more guides on how to actually execute orders and so forth. In the meantime, let me know if you lot take any questions!
Source: https://easycators.com/thinkscripts/thinkorswim/papermoney/
Posted by: leetersibithe1997.blogspot.com
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