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thinkorswim® is an industry-leading trading platform offering powerful trading tools, streaming real-time data, and powerful analytics. In this tutorial, we’ll demonstrate how to register for, download, and use thinkorswim® paperMoney® to practice options trading.
0:00 Overview
0:42 Downloading thinkorswim® and registering for paperMoney®
1:21 Logging in to paperMoney®
1:52 paperMoney® account types and balances
2:14 Adjusting cash balances in paperMoney®
2:44 Navigating the Option Chain
5:11 Buying a single option
7:20 Cancel and replace a working order
8:17 Monitoring orders and positions
9:08 Creating a vertical spread
11:01 Closing an options position
12:23 Using the Risk Profile
14:25 Introduction to Today’s Options Statistics
15:34 Adjusting a paperMoney® position
16:32 Resetting your paperMoney® account
For more thinkorswim tutorials visit the thinkorswim Learning Center: tlc.thinkorswim.com
Download thinkorswim® paperMoney:
Don’t have a TD Ameritrade account? Sign up for a free paperMoney® paper trading account:
To learn more about trading options, tune in weekly to the Getting Started with Options
webcast for livestreamed interactive sessions with TD Ameritrade Education Coaches:
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