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Both platforms are very sophisticated and take some time to learn. Let's take a look at both, and see which one is the better choice. It has live streaming of CNBC, news articles, and streaming quotes. Watchlists, account balances, and positions are also available. The videos cover many aspects of the software, including how to trade options, use charts, sign up for alerts, and personalize the platform.

TradeStation | Online Broker | Trade with TradeStation

The software has several advanced features. These include multi-legged options trading, conditional orders, and compatibility with Microsoft Excel. The platform also has tools to generate trading ideas. These include option search tools, a strategy scanner, and a probability calculator. Charting is quite advanced on the platform.

Graph styles include line, mountain, OHLC bars, percentage, and candlesticks. There are several drawing tools, such thinkorswim active trader options pivot line, trend lines, guidelines, and several Fibonacci applications.

Using Thinkorswim: A Unofficial Guide

Many technical studies are also available. Traders must execute thirty stock, ETF, or option trades every three months.

The program can be downloaded and used by iga stockton trading hours customer free of charge. For example, thinkorswim has ovals, arrows, regression lines, and Andrews' Pitchfork. Thinkorswim also has more technical studies, boasting in total. TD Ameritrade charges nothing extra for access to the library.

Guide to TD Ameritrade's Thinkorswim - Basic Navigation

The charting in thinkorswim is very advanced. Graph styles can be set to OHLC bars, Heikin Ashi, candlesticks, equivolume, line, area, monkey bars, and candle trend. The time scale be displayed out to forex pips explained years, and a host of events can be overlaid. These include dividends, conference calls, and splits.

A nice feature on thinkorswim is the ability to overlay an NBC icon on a graph whenever a CNBC story was aired that featured the stock under investigation. Hovering over the icon shows the air date and thinkorswim active trader options subject of the story.

Thinkorswim vs ETRADE

These videos can also be watched in a different window. These include programs for probability analysis, economic data, and a backtesting tool call thinkBack. Mobile Trading TD Ameritrade has taken its desktop platform and turned it into a mobile app.

Believe it or not, all the software's advanced charting tools have somehow been incorporated into the mobile version. All technical studies are there, making the software the most advanced mobile platform around. TD Ameritrade's app can be used on iPad, iPhone, and Android phones and tablets. The platform is compatible with fingerprint-reading devices, and is completely free to use. As on the desktop version, live streaming of CNBC is free.

A platform for Apple Watch is also available at no cost. Charting has a few technical studies. A security's price history can be compared to an index or another stock.

TD Ameritrade also offers discounts to active traders but they have to call and negotiate discounts personally. Neither broker charges any account fees. There are no low-balance, annual, or inactivity fees with either company.

Recommendation Both platforms offer advanced features and a professional feel to them. Scottrade or Etrade or Ameritrade Can I buy Fidelity funds on Scottrade?

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