How Do I Use Thinkorswim App on Android?

Android, Android Apps

Thinkorswim is a powerful trading platform that allows users to trade stocks, options, futures, and more. With its user-friendly interface and advanced features, it has become a popular choice among traders. If you are an Android user and want to know how to use the Thinkorswim app on your device, you’ve come to the right place.

Installing Thinkorswim App

To get started with Thinkorswim on your Android device, you first need to install the app. Follow these steps to download and install Thinkorswim:

  1. Open the Google Play Store on your Android device.
  2. Search for “Thinkorswim” in the search bar.
  3. Select the official Thinkorswim app from TD Ameritrade.
  4. Tap on “Install” to begin the installation process.

Login or Create an Account

Once you have installed the Thinkorswim app, open it on your Android device. You will be presented with a login screen. If you already have a TD Ameritrade account, enter your username and password in the respective fields and tap “Login”.

If you don’t have an account yet, tap on “Create New Account” to register for a new TD Ameritrade account. Follow the on-screen instructions to complete the registration process.

Navigating Through Thinkorswim

After logging in, you will be taken to the main screen of Thinkorswim. Here’s a breakdown of the different sections of the app:

Main Menu

The main menu can be accessed by tapping on the three horizontal lines at the top left corner of the screen. From here, you can navigate to different sections of the app such as Watchlists, Charts, Scan, and more.

Watchlists

Thinkorswim allows you to create and customize watchlists to keep track of your favorite stocks. To access your watchlists, tap on “Watchlist” in the main menu. You can add stocks to your watchlist by tapping on the plus icon and entering the symbol or name of the stock.

Charts

The charts section in Thinkorswim provides advanced charting tools and indicators to analyze stock prices. To access charts, tap on “Charts” in the main menu. You can choose from various chart types such as line, bar, candlestick, etc., and apply different indicators for technical analysis.

Trade

To place trades on Thinkorswim, tap on “Trade” in the main menu. From here, you can search for a specific stock or option contract and place buy or sell orders based on your trading strategy.

Customizing Thinkorswim

Thinkorswim offers a range of customization options to tailor the app according to your preferences. Here are some customization features you can explore:

  • Layouts: Thinkorswim allows you to save multiple layouts with different configurations of windows and tools.
  • Color Schemes: You can choose from pre-defined color schemes or create your own custom color scheme.
  • Alerts: Set up alerts for price movements or other events to stay updated with your trades.

In Conclusion

The Thinkorswim app for Android provides traders with a comprehensive platform for trading stocks, options, futures, and more. By following the steps mentioned in this article, you can easily install the app, login or create an account, and navigate through its various features. Don’t forget to explore the customization options to make Thinkorswim your own.

Happy trading!