Think or Swim is a new Forex trading program that is launched by TD Ameritrade. The name of the program is taken from the phrase "think before you swim". The premise of the program is simple. This is supposed to make the process of learning how to trade more efficient so that people do not lose money during their first few trades. Think or Swim is available to subscribers for free, as long as you have an active funded TD Ameritrade savings account.
If you wish to trade on the platform, then you are subject to the standard commission rate for direct order routing on TD Ameritrade. Additionally, if you wish to execute on your own trades, then you are also subject to the standard fees. In addition, if you wish to execute an over the counter (OTC) trade using your brokerage account, then you are subject to the fees that apply to OTC trading. Thinkor Swim does not have any inventory costs associated with it. The reason why Thinkor Swim was developed by TD Ameritrade is primarily due to the fact that most FX investors tend to trade with small amounts throughout the day, which limits their potential profits significantly.
It is important for people who are new to the FX markets to remain as comfortable as possible so that they do not have any issues when they begin trading. The lack of direct access to funds limits the ability of people to execute on their own trades which often results in them executing poor quality trades that do not benefit them at all. Thinkor Swim offers a feature called Thinkor Broker, which is a feature that allows traders to open new accounts by accessing their account through the Internet. Once this has been done, they are able to view all of the funds they have in their accounts and determine which of these transactions is the best for their individual situation. If you are a beginner to trading options, then you should strongly consider using a Thinkor Swim options trading platform.