thinkorswim is a software and a web-based stock analysis service. The software version of thinkorswim is user friendly and intuitive, although it does not work on Windows 8, which is a major negative if you use that operating system. It is suitable for all levels of investors, from beginners to professionals. thinkorswim even has a virtual platform where you can use its “paperMoney” to practice before executing an actual trade. Additionally, thinkorswim possesses a mobile application that allows you to trade while on the go.
The account balance feature from this software allows you to view all historical data, down to order placements and individual trade history. This information is helpful for calculating capital gains and losses for accounting and tax purposes.
Spread Hacker is a tool within the thinkorswim platform that allows you to scan each exchange for stocks that meet predetermined criteria. Bullish or bearish patterns can be determined using technical and other indicators.
Advance charting gives you the ability to superimpose a technical study on top of another technical study. The overlap volume feature allows you to view the volume in a shadowed format in the background of the current chart. You can expand the bars of the chart and select chart aggregation periods. You can also save chart styles to utilize the chart settings that are your preferred method of viewing data.
thinkorswim puts the power to trade stocks, options, mutual funds, futures, and Forex in your hands. The software platform accommodates all types of trades and delivers investment education to assist with trading strategies.
thinkorswim's stock charting service is free when an account is opened. The software is also available for download prior to an investment. The interface is customizable, with the defaults set up to be pleasing to the eye. This stock analysis tool is well developed, user friendly and technologically advanced.
thinkorswim provides both software and online services.
The software version of thinkorswim doesn't work with Windows 8.
The flexibility of thinkorswim makes it a great interface to work with.