Trading Forex Some things to consider before trading forex: One of the finest features of Thinkorswim is their Analysis tab. What should I do if I decide to add or remove other portfolios through Auto-Trade?
Opening A ThinkorSwim Forex Account, Platform Performance, & Restrictions On Forex Trading
Forex Research The TD Ameritrade website has research tools for all products available through the firm, and this certainly includes forex. The broker offers a useful self-guided course on currency trading from Investools, an educational company owned by TD Ameritrade. This course can be expanded full-screen, and is free for all traders. There's also a useful assessment quiz that determines what level currency traders are at.
A good selection of videos covers several important topics in currency trading, such as the use of margin, how to place trades, intermarket analysis, and interest rates.
The non-commission schedule is simpler. The broker is compensated from the bid-ask spread that is displayed on the platform. International customers who want diversification can also take advantage of over currency pairs. Thinkorswim delivers live chat, phone, and email support, and rises above the pack with its physical retail office presence through TD Ameritrade.
Walk in to a local branch office to fund your account or ask a question about the platform. Automated trading is the one service missing in this otherwise robust platform. Unfortunately for forex traders, most of the newsletters are targeted at options trading. Because the thinkorswim platform is so complete and powerful, novices will have difficulty learning the system. Beginners could benefit from a more limited feature set that is easier to navigate before making the leap to thinkorswim.
MB Trading is a comparable broker with options more tailored to novices. Plus, instant access to our exclusive guide: We find the best of everything. We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards. We hand-test the finalists. Execute your forex trading strategy using the advanced thinkorswim trading platform.
If you're a serious forex trader, you want serious technology that's going to keep up with you day and night. With thinkorswim you get a completely integrated platform that features everything you need to perform technical analysis, gain insight, generate new ideas, and stay on top of the international monetary scene. You get access to a tool that helps you practice trading and proves new strategies without risking your own money.
TD Ameritrade's paperMoney is a realistic way to experiment with advanced order types and new test ideas. Sharpen and refine your skills with paperMoney. Unless otherwise noted, all of the above futures products trade during the specified times beginning Sunday night for the Monday trade date and ending on Friday afternoon. Tuesday starts at 8: