Trust me, I’ve been there and don’t want you to be in the same position. The benefit lies in the practice of making real trades without real money, because frankly speaking, newbie stock trading can be a scary thing.
When you plan to invest any given sum of money, you’d want to see the effect it has before you actually take the plunge with real money. Paper trading is very useful for a number of reasons. Paper trading is basically the notion of trading with fake or pretend money to see what outcome your investment decisions might lead to.
According to a survey conducted by The Harris Poll on behalf of TD Ameritrade, 60 percent of traders say they need access to their trading accounts 24 hours a day, seven days a week.i This need may cause friction for traders in households where homeschooling and other factors are causing family members to share computers or mobile devices more than usual, making the ease of a web-based platform even more important.To effectively make use of paper trading practices, we’re going to make use of paper money or “fake” money, if you will. “Thinkorswim Web offers the most widely used features of thinkorswim and is designed to complete the thinkorswim experience, be it on desktop, web or mobile.”Īs macroeconomic conditions drive unprecedented volatility, TD Ameritrade is fulfilling its clients’ desire to access thinkorswim technology with a fully synchronized experience on any device, wherever they may be. “Our retail traders expect the best trading experience, and they should be able to access that on any device,” said Steve Quirk, executive vice president of Trading and Education at TD Ameritrade. Retail traders can now access thinkorswim equity and derivative trading from any modern internet browser on a new streamlined platform. TD Ameritrade is bringing its award-winning thinkorswim® trading platform to your web browser with thinkorswim Web, a new addition to the thinkorswim suite of platforms.
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