Is Thinkorswim a good Platform for Futures Trading? - ThinkOrSwim | futures io social day trading
futures io futures trading


Is Thinkorswim a good Platform for Futures Trading?
Updated: Views / Replies:82,837 / 196
Created: by rcs9234 Attachments:7

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 7  
 
Thread Tools Search this Thread
 

Is Thinkorswim a good Platform for Futures Trading?

  #131 (permalink)
Elite Member
Las Vegas, Nevada
 
Futures Experience: Beginner
Platform: Think or Swim
Favorite Futures: Stocks
 
Posts: 5 since Apr 2014
Thanks: 0 given, 0 received


WilleeMac View Post

With that said, I only use TOS for charting and not for actual trading.


-Bill

Is there a fee to use the TOS platform? I been playing around with the charts for a couple months and really like it. Used their play money account but that expires after 60 days use. Would like to continue to use it.

Also, has this been improved for trading futures on a 5_min time frame?


Last edited by Gaterz; May 3rd, 2014 at 11:43 AM.
Reply With Quote
 
  #132 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
 
rmejia's Avatar
 
Posts: 384 since Oct 2010
Thanks: 3,597 given, 420 received


Gaterz View Post
Is there a fee to use the TOS platform? I been playing around with the charts for a couple months and really like it. Used their play money account but that expires after 60 days use. Would like to continue to use it.

Also, has this been improved for trading futures on a 5_min time frame?

Thinkorswim paper money is free to use forever AFAIK. Where did you read it expires after 60 days?

I use it live for trading futures and have no problem with charts.

Thinkorswim paper trading has instant fills (unrealistic) so if you are scalping futures, trading complex option spreads (hard to fill) or iliquid stocks it is pretty much useless. Try a ninjatrader demo for a closer to live experience if trading futures.

Reply With Quote
 
  #133 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 681 since Jan 2012
Thanks: 301 given, 601 received

^^Yes


I use Infinity for futs, ToS for charts, primarily because of two or three custom study's/ scripts I run

I don't trust ToS for something that will hand you your ass in a nanosecond

Try funding an account for 500 clams (or less/ minimum) and see if that will get you a live feed

-Bill

Reply With Quote
The following user says Thank You to WilleeMac for this post:
 
  #134 (permalink)
Trading Apprentice
Buenos Aires
 
Futures Experience: Intermediate
Platform: ThinkorSwim
Favorite Futures: ES, Forex, Stocks
 
Posts: 11 since Apr 2014
Thanks: 2 given, 3 received


rmejia View Post
Thinkorswim paper money is free to use forever AFAIK. Where did you read it expires after 60 days?

Yes, new demo accounts expire at 60 days. Old demo accounts last forever, though. I have a demo account since 2010 and it doesn't expire.

Another thing you can do is to open a real account without funds (it's free, but you have to send some documentation to them) and then you can use the On Demand function that gives you a virtual account with $100.000 to practice

Reply With Quote
 
  #135 (permalink)
Trading Apprentice
Chicago
 
Futures Experience: Intermediate
Platform: e-trade
Favorite Futures: ES, Stocks
 
Posts: 5 since Dec 2013
Thanks: 0 given, 0 received

I also found out that TOS's renko chart is lagging and has lots of software issue on it.



plethora View Post
Missing Basic Features:
--A Bar Counter
--A Tick Counter
--Drawing Tool Fonts (The one size fits all is teeny tiny even after shutting down to exit the platform so you can increase the font -- and then log on again I kid you not.)
--An opportunity to Adjust the Default Fibonacci levels
--A Zillion Redundnat Clicks to Exercise the Most Simple Task such as Erasing a Drawing
--A Way to Save the "Customized" Tick Size even though you use the same ones every session
--Why is all the Space Wasted on the Bar Above the Chart When It Could House a ToolBox?

'nuf said. However, when you're tryin' to get everything to work the way you want it to and you may never do so, ya might stumble on a way to see the internals that ends up being enlightening.


Reply With Quote
 
  #136 (permalink)
Trading Apprentice
Chicago
 
Futures Experience: Intermediate
Platform: e-trade
Favorite Futures: ES, Stocks
 
Posts: 5 since Dec 2013
Thanks: 0 given, 0 received

Thanks for the information, I have used thinkorswim for a while. Have been traded mostly in options and stocks before this. Just started traded futures with them recently.
For stocks and etf, I am able to lowered if to $5 per trade(regardless of number of stocks)
For options, they are able to lowered mine to $1.50 per contract.

Based on your information, I will try to negotiate the futures contract commission also.
Thanks!


Crude Man View Post
I trade around 10 roundtrips a day 50 a week or so. I asked them to lower it to $4 roundtrip and they did, but this was before TD bought out TOS, I think now you should still be able to get down to $5 RT. Good luck.


Reply With Quote
 
  #137 (permalink)
Elite Member
Nanjing, NJ
 
Futures Experience: Intermediate
Platform: CQG/TOS
Broker/Data: Optimus/CQG
Favorite Futures: CL
 
Posts: 101 since Jun 2010
Thanks: 31 given, 69 received


plethora View Post
Missing Basic Features:
--A Bar Counter
--A Tick Counter
--Drawing Tool Fonts (The one size fits all is teeny tiny even after shutting down to exit the platform so you can increase the font -- and then log on again I kid you not.)
--An opportunity to Adjust the Default Fibonacci levels
--A Zillion Redundnat Clicks to Exercise the Most Simple Task such as Erasing a Drawing
--A Way to Save the "Customized" Tick Size even though you use the same ones every session
--Why is all the Space Wasted on the Bar Above the Chart When It Could House a ToolBox?

Bolded features are actually in the current release, not sure about others:
--A Tick Counter you can even change the place the counter on the chart
--A Way to Save the "Customized" Tick Size even though you use the same ones every session although you cannot save customized tick size, next time you open TOS it will automatically load the last configuration before you logged off. if you're comfortable with a specific tick size, just stick to it and it should not be an issue
--Why is all the Space Wasted on the Bar Above the Chart When It Could House a ToolBox? you can customize the margin on the top/bottom of the chart

It takes a while to explore all the potentials.

One thing I appreciate TOS is the platform takes care of rollover. No messy manual adjustment/mapping/changing symbol required

Reply With Quote
The following user says Thank You to shzhning for this post:
 
  #138 (permalink)
Elite Member
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 681 since Jan 2012
Thanks: 301 given, 601 received

DOM

If considering using ToS for trading futures (not charting) compare the ToS DOM to Infinity (example) on /CL esp during fast market

-Bill_M

EDIT

The original question

Is Think or Swim a good Platform for Futures Trading?


NO


Last edited by WilleeMac; November 27th, 2014 at 10:38 AM.
Reply With Quote
 
  #139 (permalink)
Elite Member
Louisville, Kentucky
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRT
Broker/Data: Various
Favorite Futures: Futures
 
empty's Avatar
 
Posts: 91 since Oct 2012
Thanks: 1,902 given, 177 received

Depends on the Person


WilleeMac View Post
If considering using ToS for trading futures (not charting) compare the ToS DOM to Infinity (example) on /CL esp during fast market

-Bill_M

EDIT

The original question

Is Think or Swim a good Platform for Futures Trading?


NO

It's funny when people make blanket statements like this. Personally I would never scalp futures on ToS. It always lags for me. That said I have a very good friend that trades 3000 - 5000 contracts on ToS every month. He scalps trades all day long and uses ToS exclusively, pays lower commissions than I do, and consistently does well. He is a huge fan of the platform. For options ToS is fantastic.

Reply With Quote
 
  #140 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Advanced
Platform: Charts:Ninja Trader w/IB, execution:TOS
Broker/Data: TOS
Favorite Futures: CL, ES, ZN, ZB, RUT.
 
Posts: 227 since Jul 2009
Thanks: 98 given, 118 received


If you only used market orders then TOS is not for you. If you set limit orders at specific levels before price gets to those levels, there is no difference since the orders are all sitting at the exchange. You will see a lag on your screen but your order will be executed fine regardless of the broker.

Sent from my Nexus 7 using Tapatalk

Reply With Quote
The following user says Thank You to meyer99 for this post:

Reply



futures io > > > > Is Thinkorswim a good Platform for Futures Trading?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Web-based futures trading platform rptrader Platforms and Indicators 31 September 28th, 2016 10:36 AM
Isn't this good enough? (Beginner futures trading) Ravanous Traders Hideout 23 November 7th, 2011 06:35 PM
ThinkOrSwim (TOS) Trading Platform Big Mike ThinkOrSwim 30 July 24th, 2011 08:43 AM
Auto futures trading on ThinkorSwim optionzen ThinkOrSwim Programming 6 June 3rd, 2011 03:36 PM
What constitutes a good platform design? mattz Traders Hideout 17 October 21st, 2010 07:33 PM


All times are GMT -4. The time now is 10:32 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-21 in 0.14 seconds with 40 queries on phoenix via your IP 54.156.60.28