ThinkorSwim

ThinkorSwim is a trading platform developed by TD Ameritrade, now part of Charles Schwab. It provides advanced tools and resources for active traders, offering a comprehensive suite of features for analyzing markets, executing trades, and managing portfolios. The platform is known for its robust charting capabilities, extensive technical analysis indicators, and complex order entry options.

Users can access ThinkorSwim through desktop applications, web browsers, and mobile devices. The desktop platform is particularly favored for its speed and customization options. It includes a variety of tools such as thinkOnDemand, which allows users to backtest trading strategies using historical data, and thinkScript, a proprietary scripting language for creating custom indicators and trading strategies.

ThinkorSwim offers a wide range of asset classes, including stocks, options, futures, and forex. It also provides educational resources, including tutorials, webinars, and a paper trading account for practicing strategies without risking real money. The platform is generally free for TD Ameritrade and Charles Schwab clients who meet certain trading activity requirements. Its user-friendly interface, combined with its powerful analytical features, makes it a popular choice for both novice and experienced traders.