As an aspiring day trader, you need to make sure you know as much as possible about all the trading platforms out there. You should not be married to just one platform in order to buy and sell stocks. So, you need to read this TD Ameritrade review to understand how the Thinkorswim platform can help you reach your profit goals.
Day trading is a pursuit that requires dedication, focus and extreme concentration. There are no half-measures in the world of day trading. There is no room for people that are only partially committed to the mission. It takes months of screen time to get good enough to make some money at day trading. And many more months to make any sort of regular profit.
You are only as good as your tools. Which is why getting to know Thinkorswim is such an important part of your evolution as a trader if you plan to use Ameritrade to your advantage. Thinkorswim is designed for frequent traders. There are no more frequent traders than day traders.
Thinkorswim can be customized with a personal interface for easier use and hotkeys can be added so traders can execute orders super fast. That is such an important part of day trading. Once you settle on a schedule, you learn the trends and the ways that stocks are moving each day and you need to be able to jump on opportunities. One of the most important parts of being a day trader is being able to follow momentum day trading strategies. And Ameritrade might just be the provider that will help you reach your profit goals.
There are educational videos on Ameritrade that can help you expand your market knowledge and bring your investing game to the next level. There are 3 levels of expertise that allow you to tailor your learning to your exact level. And beyond the videos, there are how-to articles and tutorials that will break down trading to the simplest level for anyone that needs it.
Ameritrade and its Thinkorswim platform also offers streaming CNBC news for you to take advantage of the breaking news and to give your market knowledge more scope. The ways that up-to-date information can help you in your breakdown of the market each day are invaluable. It is a great way to search for catalysts that may cause a stock to spike and give you a chance to ride that spike to profitable plains.
Practice makes perfect and there no place that truism holds more weight than in day trading. Being able to practice day trading will make your profit-making skills all the more effective and it is hard to do, unless you have a endless amount of capital to work from. Which is why trading with paperMoney in Ameritrade. That gives you virtual money to play with and allows you to learn how to trade without risking too much of your own hard-earned savings.
The bottom line is that it makes sense to give Ameritrade a try as you navigate your way through tons and tons of trading platforms at your disposal.