You know what they day: practice makes perfect! Improve your trading skills by practicing with thinkorswim's paperMoney.
Do you know what pilots, product engineers and online gamers all have in common? At some point in their lives they have likely all used computer simulation programs to sharpen their skills.
Now you can join their ranks by practicing trading with paperMoney®.
You have probably heard it around a thousand times, but the reality is, traders (or traders in training) will never be perfect. Does that mean you should toss the idea of practicing out the window? Of course not.
In trading, and all investing for that matter, it's just as important to learn what not to do as what to do. With the paperMoney® simulator, you can practice whenever you want and without putting any money on the line.
You can also reset your paperMoney® account at any time to return to your original settings. Go to Monitor Page, then Activity and Positions, right click on your position and select Reset all positions.
Even if you’ve already downloaded paperMoney®, check back regularly for updates. Remember, paperMoney® is a great place for a risk-free try out of new trading platform features and your strategies before going live.
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Straddles, and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return. These are advanced option strategies and often involve greater risk, and more complex risk, than basic options trades.The paperMoney software application is for educational purposes only. Successful virtual trading during one time period does not guarantee successfulinvesting of actual funds during a later time period as market conditions change continuously.TD Ameritrade is separate from and not affiliated with CNBC, and is not responsible for their product, publications, policies, or services.Investools, Inc. and TD Ameritrade, Inc., are separate but affiliated companies and are not responsible for each others services or policies.Investools does not provide financial advice and is not in the business of transacting trades
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
The information is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
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