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Mar 3 • General discussion
AFTER SETTING UP SCHWAB YOU NEED "THINK OR SWIM"
what you need to use thinkorswim®
What you need to use thinkorswim with Schwab
You need:
  1. A Schwab brokerage account (this is the “account that holds your money and investments”).
  2. A Schwab login ID + password (you’ll use the same login to sign into thinkorswim).
  3. A way to fund the account (typically link a bank for transfers; you can also fund other ways depending on Schwab).
  4. If you want to trade options, futures, or forex, you may need to request/qualify for those trading permissions (Schwab will show you the prompts inside your account). (Permissions vary by product.)
Step-by-step: set up Schwab so you can use thinkorswim (layman terms)
Step 1) Go to Schwab.com and open your brokerage account
  1. Go to Schwab.com
  2. Click Open an account (choose the account type that fits you, most people pick an Individual Brokerage to start).
  3. Fill in the application (basic identity + contact info).
  4. Create your Schwab Login ID and password (save these—this is what you’ll use for thinkorswim too).
  5. Submit the application. Schwab may ask for identity verification.
Step 2) Fund the account (so you can actually trade)
  • Once your account is open, connect your bank and transfer money in (or use other funding methods Schwab provides).
  • You can explore thinkorswim without trading by using paper trading (practice), but live trading requires real funds + any needed approvals.
Step-by-step: get thinkorswim on Desktop, Mobile, and Web
A) Desktop (Windows/Mac) — you download and install it
  1. Log into your Schwab account, then go to the thinkorswim Download page on Schwab.
  2. Download the installer.
  3. Run the installer and follow the prompts (it’s basically “Next, Next, Install”).
  4. Launch thinkorswim.
  5. On the login screen, choose:
  6. Enter your Schwab login ID + password and sign in.
B) Mobile (iPhone/Android) — you download the app from the app store
  1. On iPhone/iPad: install thinkorswim from the Apple App Store.
  2. On Android: install thinkorswim Mobile from Google Play.
  3. Open the app and log in with your Schwab login.
  4. You can place trades, manage positions, view charts, and even use paperMoney® on mobile.
Schwab also has an official page explaining thinkorswim mobile and where to download it.
C) Web (no download) — optional
If you’re on a computer and don’t want to install anything:
  • Use thinkorswim Web in your browser and log in after you’ve opened a Schwab account.
Where to go (official links)
Schwab customer support numbers (official)
  • General Schwab customer service (24/7/365 support listed): 877-519-1403
  • Brokerage Services: 800-435-4000
  • Trade Desk (platform help, strategy, support, including thinkorswim in-platform chat): 800-435-9050
(You can also use chat support, including in-platform chat on thinkorswim.)
What you can trade with thinkorswim (Schwab)
thinkorswim is built for active trading and supports major product types including:
  • Stocks
  • Options
  • Futures
  • Forex
  • Plus tools like paperMoney® for practice trading
It’s available across desktop, mobile, and web so you can analyze and trade from wherever you are.
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1 comment
Adrian Sosebee
4
AFTER SETTING UP SCHWAB YOU NEED "THINK OR SWIM"
StrategicPerformanceInvestment
skool.com/oil-option-trading-101-1282
How to use options to reduce risk in a portfolio. You can use this for all stocks and commodities but we going to trade Crude oil and oil options.
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