Program thinkorswim forex

The platform is free for Ameritrade customers and offers a wide range of features, including charts, level 2, scanners, program thinkorswim forex lists, and more. The platform also offers the option to choose between live trading or paper trading. TOS is their advanced level standalone platform for serious traders. It has all the bells and whistles covering everything from stocks, options, mutual funds, futures, commodities and Forex in one platform.

95 per trade when done electronically through the platform. By selecting any number of buttons you can customize the window to include the tools you need. Charts: The TOS charts are very versatile. Traders can use traditional bar, line and candlesticks for charting.

TOS also has less conventional charting using Heikin Ashi and Equivolume charts. Charts can also be linked by color code to other windows. This makes it convenient when shifting between different stocks on multiple time frames. Technical Indicators: TOS has more technical studies and indicators that you could ever use. They are arranged by category like momentum studies, moving average studies, trend studies to specific customized studies of gurus like John Carter’s studies or John Person’s studies. TOS does a great job of addiing studies and the selection keeps growing.

I really like the Bearish-only and Bullish-only candlestick pattern studies, which identifies when a selected pattern forms. Level 2: The level 2 is basic and shows the major exchanges and ECNs. Unfortunately, there is no subscription currently to the NYSE Open book or Nasdaq Totalview feeds. On the flip side, the level 2 is free, so no complaints there from me.

News: The newsfeed is useful when looking for information pertaining to specific stocks. It updates realtime and is good for momentum traders that jump on news-related price action. Scanners: The scanner can be configured based on fundamental or technical criteria. It is versatile and effective for finding ideas and potential trades. The options scanner is a great tool to find options trades that meet certain set-up criteria. Order Entry: TOS has basic order entry buttons using point-and-click on the Level 2 for pricing selection not routing. Traders can also opt to use a vertical DOM matrix to place orders.