Thinkorswim Desktop App: A Comprehensive Guide

thinkorswim desktop app

Greetings! My name is [Author Name], and I am a financial writer with years of experience under my belt. I created this comprehensive guide to help you understand everything there is to know about the Thinkorswim Desktop App. As an expert in the field, I believe that this app is a game-changer for traders and investors alike, and I want to share my insights with you.

Introduction to Thinkorswim

Thinkorswim is a trading and analysis platform created by TD Ameritrade. It is designed for active traders and investors who need a comprehensive tool for analyzing and trading stocks, options, futures, and forex. Thinkorswim has a wide range of features that make it a popular choice among traders, including real-time data, customizable charts and indicators, and advanced order types. It is available as a desktop app, web-based platform, and mobile app.

Features of Thinkorswim Desktop App

Thinkorswim Desktop App offers a wide range of features that make it a powerful tool for traders and investors. Some of the key features include:

  • Real-time data: Thinkorswim provides real-time data on stocks, options, futures, and forex, allowing traders to make informed decisions based on the latest information.
  • Customizable charts and indicators: Traders can customize charts and indicators to suit their trading style and preferences.
  • Advanced order types: Thinkorswim offers advanced order types, including conditional orders, bracket orders, and OCO orders, allowing traders to manage risk and maximize profits.
  • Backtesting: Traders can backtest their trading strategies using historical data to see how they would have performed in the past.
  • Options trading: Thinkorswim offers a wide range of options trading tools, including spread options, vertical options, and options statistics.

Setting Up Thinkorswim

Setting up Thinkorswim is a straightforward process. Here are the steps:

  1. Go to the TD Ameritrade website and create an account.
  2. Download the Thinkorswim Desktop App from the TD Ameritrade website.
  3. Install the app on your computer.
  4. Log in to the app using your TD Ameritrade account credentials.

Thinkorswim has a user-friendly interface that is easy to navigate. Here are some tips:

  • Watchlists: Create watchlists for the stocks, options, futures, and forex that you want to track.
  • Charts: Customize charts with different timeframes, indicators, and drawing tools.
  • Trade tab: Use the trade tab to place trades and manage your positions.
  • Scan tab: Use the scan tab to find stocks that meet your criteria.

Tools in Thinkorswim

Thinkorswim offers a wide range of tools to help traders and investors make informed decisions. Some of the key tools include:

  • On-demand learning: Thinkorswim provides educational resources for traders, including webcasts, tutorials, and courses.
  • Market news: Thinkorswim provides real-time news from major financial news outlets.
  • Heat maps: Use heat maps to visualize market trends and identify opportunities.
  • Alerts: Set up alerts to notify you when a stock, option, future, or forex meets your criteria.

Strategies in Thinkorswim

Thinkorswim offers a wide range of trading strategies to help traders and investors achieve their goals. Some of the key strategies include:

  • Long and short: Go long on stocks, options, futures, and forex that you think will increase in value, or go short on those that you think will decrease in value.
  • Spread trading: Use spread trading to reduce risk and maximize profits.
  • Iron condor: Use the iron condor strategy to profit from a stock that stays within a range.
  • Straddle: Use the straddle strategy to profit from a stock that moves significantly in either direction.

Support for Thinkorswim

Thinkorswim offers a wide range of support options to help traders and investors get the most out of the platform. Some of the key support options include:

  • Live chat: Chat with a TD Ameritrade representative for help with any issues you may be experiencing.
  • Phone support: Call TD Ameritrade for technical support or account-related questions.
  • Knowledge base: Access the knowledge base for answers to frequently asked questions.
  • Community: Join the Thinkorswim community to connect with other traders and get advice.

Frequently Asked Questions

  • Q: Is Thinkorswim free?
  • A: Yes, Thinkorswim is free to use.
  • Q: How do I access Thinkorswim?
  • A: Thinkorswim is available as a desktop app, web-based platform, and mobile app.
  • Q: What types of securities can I trade on Thinkorswim?
  • A: Thinkorswim allows trading in stocks, options, futures, and forex.
  • Q: Does Thinkorswim offer paper trading?
  • A: Yes, Thinkorswim offers paper trading for traders who want to practice trading without risking real money.
  • Q: Does Thinkorswim offer backtesting?
  • A: Yes, Thinkorswim offers backtesting for traders who want to test their strategies using historical data.
  • Q: What is the minimum account size for Thinkorswim?
  • A: There is no minimum account size for Thinkorswim.
  • Q: What are the fees for using Thinkorswim?
  • A: There are no fees for using Thinkorswim, but there are fees for trading securities.
  • Q: Is Thinkorswim available outside of the US?
  • A: No, Thinkorswim is only available to US residents.

Pros and Cons


  • Real-time data
  • Customizable charts and indicators
  • Advanced order types
  • Backtesting
  • Options trading tools


  • Not available outside of the US
  • May be overwhelming for beginners
  • Trading fees may be higher than other platforms

Tips for Thinkorswim Users

Here are some tips for getting the most out of Thinkorswim: