![]() 1- Visit the ThinkorSwim paperMoney Websiteįollow the steps on the website to create your account. ![]() Here is a detailed explanation of everything you need to know about paper trading on ThinkorSwim. The ThinkorSwim trading platform by TD Ameritrade allows you to trade the live market and backtest with historical data. Traders paper trade stocks to practice their skills or even backtest their trading strategies with historical data. Paper trading is when you simulate a live trading session using fake money. Investors can also use the Thinkorswim platform's paper trading mode to test and refine their trading strategies, evaluate the performance of different technical analysis tools and indicators, and gain experience with different types of orders and trading strategies. To start paper trading on Thinkorswim, investors can select the "On Demand" mode, which allows traders to simulate trading for any time period in the past and test their strategies in real market conditions. On the Thinkorswim platform, paper trading can be accessed by creating a practice account, which is a simulated trading account that provides access to all of the platform's features and functionality without risking real money. Paper trading is a simulated trading process that allows investors to practice trading strategies without risking real money in the market. If you want to learn how to paper trade on ThinkorSwim, the following steps will help you set up your trading platform.
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