How to Become an Active Trader on Thinkorswim
Accessing the active trader Thinkorswim mobile (or PC version) option is as simple as things get. Just click on the “active trader” tab and get started by customizing things to suit your needs the best.
When you access the active trader think or swim option, you get:
- The ability to one-click order
- Bid/ask ladder
- Data on bids
- Analytics on asks
- Data on volume
How to Use Thinkorswim Scanner for Active Trading
You can use the active trader pro day trading scanning feature to monitor the stock prices live — as things are happening. Using the active trader pro scanner is rather straightforward; just select the stock you like to scan and click on the active trading scanner option to start.
Thinkorswim VS. Active Trader Pro: Which One to Choose
Now that you’re exploring active trader Thinkorswim options further, you will come to a crossroads: Thinkorswim vs Active Trader Pro.
Let’s not beat around the bush about this comparison, here’s our verdict:
- Thinkorswim comes equipped with more features and is thus better suited for professionals and experts
- In comparison, Active Trader Pro is more beginner-friendly
Understanding the Concept of Active Trading
Active trading features let you analyze real-time data about stocks — as these changes are happening. Thus, if you’re a budding trader, the tab for active trader on Thinkorswim will give you a gist of the analytics.
Feel free to customize the settings as you see fit for the trade.
What is Active Trading and How Does It Work on Thinkorswim
By now, you probably know about active trading definition.
Let’s see how it works.
This part is simple. You just click or tap on the “active trading” tab and start tweaking the settings as per your needs. That’s all!
Next, you can analyze the stock data and assess your trade strategy accordingly!