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Jan 10, 2021 #1 If you currently have a paper trading account with ThinkorSwim and want to reset your paper money balance, here's how to do it. Select your paper trading account from the dropdown menu in ThinkorSwim. Go to Monitor > Activity and Positions > Position Statement. Locate the following button Adjust Account and click on it.
A forex dealer can be compensated via commission and/or spread on forex trades. TD Ameritrade is subsequently compensated by the forex dealer. Forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). The #1 trading app accolade applies to thinkorswim mobile―also known as TD Ameritrade Mobile Trader.
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If you plan to use TD Ameritrade’s very advanced platform thinkorswim to buy and sell securities, futures, or currencies, you may want to get some practice in first. The software provides two login options: one for Live Trading and one for Paper Money. Choose the second option to practice without risking a single penny of real money.
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Once you've opened an account with TD Ameritrade, log in to thinkorswim Web to access essential trading tools and begin trading on our web-based platform.
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Combined with TD Ameritrade's support and award-winning education, you have everything you need to become a smarter, more effective trader. Optimized for action thinkorswim web features an intuitive interface that places the tools most essential to your trades front and center.
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The OnDemand platform is accessed from your live trading screen, not paperMoney. So, log on to thinkorswim as you normally would. When you are ready to start OnDemand, click the button in the upper right-hand corner of your platform (figure 1). FIGURE 1: INITIALIZING THINKONDEMAND.
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How to Reset Paper Money in your ThinkorSwim Account .
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Thinkorswim's paper money feature, officially stylized as paperMoney, allows you to practice trading and familiarize yourself with the thinkorswim platform without risk. Paper money comes with a practice margin account and a practice IRA account with $100,000 in them.
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First, Install thinkorswim Log on to your account at tdameritrade.com. Go to the Trade tab. At the far right, select Start swimming today . Select the green Download thinkorswim button and install the platform. When launching thinkorswim, slide the toggle switch under your username and password to paperMoney before logging in (see figure 1).
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Register for paperMoney ® to practice your trading strategies risk-free.
Trading through an online platform carries additional risks. Refer to our legal section . OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association .
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