TD Ameritrade (Thinkorswim) - Page 2
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Thread: TD Ameritrade (Thinkorswim)

  1. #11
    TDA is very good and very good for options trading for long term investment in stock market as they not charging data fees or fee.
    Their FX trading is extremely expensive for smaller accounts. $1 commision. So if someone trades 0.01 lot with them - its exactly the exact same as 11 pips spread. ($1 fixed fee disperse). You want at least 0.1 lot position to justify forex trading with them.

  2. #12
    Quote Originally Posted by ;
    TDA is extremely good for options trading and quite good for long term investment in stock market as they not charging data prices or inactivity fee. Their FX trading is quite pricey for smaller accounts. $1 minimum commision. So if somebody trades 0.01 lot with them - its exactly the exact same as 11 pips spread. ($1 fixed fee disperse). You need at least 0.1 lot position to warrant forex trading with them.
    That's just if your trading 1000 units, or a micro lot. If you exchange a mini lot (10,000) through their commission established trading, yes it's $1 a 10k units. Or you may use their commission free trading with a minimum of 10,000 units for a spread that is low. Throughout the London and NY session their EUR/USD and USD/JPY disperse is a stationary 1.0 along with other pairs such as GBP/USD or EUR/JPY are typically 1.5 with no commission.

    If you're trying to exchange using 1 micro lot, use a separate broker or a demo account.

  3. #13
    I will be trading 10K unit on the GBP/USD pair. What's cheaper, spread or the commission?

    Quote Originally Posted by ;
    quote That's only if your trading 1000 units, or a micro lot. If you exchange a mini lot (10,000) through their commission established trading, then yes it's $1 per 10k units. Or you may use their commission free trading with a minimum of 10,000 components for a spread. Throughout the London and NY session their EUR/USD and USD/JPY spread is a fixed 1.0 along with other pairs such as GBP/USD or EUR/JPY are typically 1.5 without a commission. If you're attempting to exchange with 1 lot, use a different broker or a demo account.

  4. #14
    Can anyone with a TD account confirm what the margin amount for a 10,000 unit on the GBP/USD is?

  5. #15
    The spread is typically more affordable. With commission you are going to get a spread but usually not 1 pip better. Only time I would advise paying commission is on non EUR/USD or USD/JPY pairs throughout Sydney and Tokyo session. Being the commission is 10 per lot, that's equal to 1 pip so 90% of the time that the spread is better throughout the session. GBP/USD is 1:50 so you need $200 to trade a lot.

  6. #16
    Thanks.. Oanda is requiring $640 margin per mini.

    Quote Originally Posted by ;
    The spread is typically more affordable. With commission you are going to get a better spread but usually not 1 pip better. Only time I would advise paying commission is on non EUR/USD or even USD/JPY pairs during Sydney and Tokyo session. Being the commission is $10 per standard lot, that is equivalent to 1 pip so 90 percent of the time that the spread is greater during the suitable session. GBP/USD is 1:50 so you'll need $200 to exchange a lot.

  7. #17
    $645

    Quote Originally Posted by ;
    Can anyone using a dwell TD account affirm what the margin amount to get a 10,000 unit on the GBP/USD is?

  8. #18
    Once you start a trade without a stop loss and take profit, how do you modify after to add?

  9. #19
    The way I do it is to use the Active Trader pillar onto your chart. It's the pillar with all the order templates and prices. Once you place your trade loe your stop and target prices on the trader column and then click on the button near the price you need for a sell stop or green for a buy stop. It will create automatically delegate the stop order this way for a STOP loss and the target profit for a limit order. For instance. If you buy the EUR/USD in 1.0900 and click on the red button by 1.0880, it is going to set that as a STOP order. If you click on the red button by 1.0920 it'll put a limit order. Also, if you would like to change your order then, I just simply drag the order on the chart to the appropriate price. If you don't need to be bothered with having to review every order if you do this, then make sure Auto Send is checked.

  10. #20
    Quote Originally Posted by ;
    The way I do it would be to utilize the Active Trader pillar on your chart...
    Thank you for that info!

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