There is a high level of customization that a thinkorswim graph offers. Thinkorswim’s charting has a similar capacity, although the program has 400 technical studies, far outdoing TradeStation. A variety of graph styles are available, including point & figure, line break, kase, candlesticks, and OHLC bars. The frequency can be set anywhere from tick to monthly, and these can be single periods or multiple. Available selections include rectangles, time scales, and trendlines.Ĭhoosing “Format symbol.” from the drop-down menu produces a small window where many customizations can be made to a chart. Many other functions are available in this menu, including the ability to adjust the time scale, add a security for comparison, or insert a drawing. They can be inserted quickly by right-clicking on a graph and adding them from the drop-down menu that appears. TradeStation offers more than 100 technical studies, including CCI Average, Awesome Oscillator, Rate of Deviation, and Stochastic Double Slow. The font size can be changed, and there are no less than four color schemes.Īdvanced charting is available on both platforms. Thinkorswim is more customizable than TradeStation’s software. Like TradeStation, TD Ameritrade’s platform offers both simulated and live trading at the login window. Thinkorswim also is accessed from the desktop. There is no way to change icons, font sizes, or adjust the color scheme. Once inside, you’ll discover that the platform is not customizable. Clicking on either takes you into a paper trading or real trading environment. Instead, the window has a ‘Live Trading’ button and a ‘Simulated Trading’ button. Double clicking on the desktop icon launches a login window. Logging into the TradeStation platform is fairly straightforward.
#TRADESTATION SYMBOL LOOKUP SOFTWARE#
The advantage of this learning curve is that once you master the software programs, they offer a lot trading power. Both have many features that require several hours to learn. Is $50, and it can be avoided by maintaining a balance of at least $2,000 or placing 5 or more trades per year.īecause both platforms are designed for knowledgeable traders, neither one is user friendly. Unlike TD Ameritrade, TradeStation does have an annual account fee. Theīroker does not have any account fees.
Stock and ETF trades placed on thinkorswim cost $0 each, while option contracts are an extra 65 cents.
#TRADESTATION SYMBOL LOOKUP FREE#
Real-time data is free for both commission schedules. Go accounts can use it, but TradeStation chargesĬommissions on those trades. With TS Go, stock options are an extra 50¢, while futures cost 85¢.īoth schedules offer free use of the broker’s mobile app and browser platform although only SelectĪccounts can use the desktop program for free. On the TS Select plan, options cost an extra 60¢ per contract whileįutures cost an extra $1.50. Both of them come with zero commissions on stock, ETF, TradeStation has two commission schedules: TS Select and TS Go. Now, the broker’s platform is free in an account with TS Select pricing plan. TradeStation used to charge software fees, but the broker TD Ameritrade charges nothing to use its flagship platform, thinkorswim. Up to $5,000 cash bonus when you transfer funds into TradeStation. Point Value - a measure of one basis point change in the futures price.Thinkorswim: $0 commissions + transfer fee reimbursement.Margin Maintenance - the minimum amount of equity that must be maintained in a margin account.Tick Value - the smallest allowable increment of price movement for a contract.Size - (sometimes referred to as Trading Unit) refers to the unit of measure in which the contract is traded.Commodity exchanges typically refer to months using one letter: Months - A specific month in which delivery may take place under the terms of a futures contract.Trading Hours - the days and hours in which the commodity is traded.Exchange - the exchange on which the commodity is traded.Contract - a description of the commodity.Sym - the root symbol for the commodity.Specifications for futures contracts include: Specifications are grouped by market category (Currencies, Energies, Financials, Grains, Indices, Meats, Metals and Softs). The Futures Contract Specifications page provides a complete look at contract specs, as provided by the exchanges.
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