thinkorswim® paperMoney®: Stock Trading Simulator

August 28, 2023 Beginner
In this tutorial, we'll demonstrate how to use paperMoney® on the thinkorswim® platform and place simulated stock trades.
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Schwab offers trading tools and platforms.

9 Steps to Master thinkorswim mobile for iPhone

If you're new to thinkorswim mobile for iPhone—or just reviewing the basics—these steps will take you through downloading the app to placing your first trade.

Trading Futures on thinkorswim® mobile (iPhone)

Learn how to trade futures on the thinkorswim® mobile app.

How To Trade Futures on thinkorswim® web

In this video, we'll demonstrate how to place futures trades on thinkorswim® web, including advanced features such as real-time pricing information and where to find open contracts.

The paperMoney® application is for educational purposes only. Successful virtual trading during one time period does not guarantee successful investing of actual funds during a later time period as market conditions change continuously.

The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of securities and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction for his or her own particular situation.

All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.

All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions.

Investing involves risk including loss of principal.

Past performance is no guarantee of future results.

When considering a margin loan, you should determine how the use of margin fits your own investment philosophy. Because of the risks involved, it is important that you fully understand the rules and requirements involved in trading securities on margin. Margin trading increases your level of market risk. Your downside is not limited to the collateral value in your margin account.

There is no guarantee that execution of a stop order will be at or near the stop price.

Access to NASDAQ TotalView® is provided for free to non-professional clients who have made 120 or more equity and/or options trades in the last 12 months, 30 or more equity and/or options trades in either the current or previous quarters, or maintain $1 million or more in household balances at Schwab. Schwab Trading Services clients who do not meet these requirements can subscribe to NASDAQ TotalView for a quarterly fee. Professional clients may be required to meet additional criteria before obtaining a subscription to NASDAQ TotalView.

The S&P 500® is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by Charles Schwab & Co., Inc. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). Charles Schwab & Co., Inc. is not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s), nor do they have any liability for any errors, omissions, or interruptions of the S&P 500.

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