Level 1 market data is extremely important for day traders (and other traders as well) because it provides key information needed to make a trading decision.
#Thinkorswim level 2 software
Thinkorswim ChartingĪs I mentioned before Thinkorswim is 100% free and their charting software is the best part about their platform in my opinion. It also allows them to analyze those market opportunities in several key forms which can assist them in making trades based on the information that is assessed. The platform allows retail investors and traders (such as you and me) to find their trading opportunities based on their preferred strategy. Thinkorswim is an all-inclusive trading and analytical platform which is offered by TD Ameritrade. This is a case of free means absolutely free.
And I have have never funded my Thinkorswim account. Thinkorswim is amazing, free and I love it.
That means you need to be smart about the tools you spend money on and the tools you can get for free. Why is free important here? Well, here are the facts: 95% of traders fail and 80% of day traders won’t be trading in 2 years. This is a blog post of personal experience as I use their charting and it’s market data everyday.
#Thinkorswim level 2 update
That was a long time ago and, even though it was a very popular post, it’s time to update you on Thinkorswim and the amazing versatility it has with its free charting and market data. I wrote a blog post 3 years ago about “Thinkorswim Level 2 for Penny Stocks.” Thinkorswim Free Charting, Level 1 & Level 2 Market Data