Vendy's Journal of Life » broker

How to Open Account on TOS (Think or Swim) for Trading Online

vahn — Thu, 31 Dec 2009 10:25:07 +0000

In my previous post, i already made a tutorial about how to Open Account on Optionsxpress. And now, here i want to share with you how to open account on Think or Swim (it’s known as TOS). This broker has a lot of advantage than Optionsxpress. So if you already decide to trade with real money, i recommend this broker to use. Most of the time, i use analysis and trade using TOS Desktop (TOS Software).

So why we have to play in TOS? What is the advantage?

1. Have best software to analyze

2. Chart features is the best among all broker software, i ever used lot of chart software from OX & IB (Interactive Brokers). But for me TOS Chart Features is the best chart software to used

3. Java Based. Not Web Based

4. Data Streaming, so you don’t have to refresh all the time to know the latest price (like OX) if you want to trade.

5. There is Paper Money (Virtual) Account to used

6. Cheap commission. Only $1.25 per trade

7. It’s not like IB, no Cancel Fee if you cancel the trade

How to Open Account on TOS?

1. First enter www.thinkorswim.com

2. Click Open an Account and click Start Opening an Account

3. Fill your Personal Data Registration

4. If finished, click Register

5. Click Individual : Margin and a pop up show like below

6. Name your Nickname and click Select this Account

7. You’ll review your data once again, make sure it’s already correct. At the bottom of the page there are security question. Fill it carefully and better to notes that. If you finished checking all the data, you can click Save & Continue

8. After that, you will be go to login page like below

9. Enter username and password as you enter before. After you login, you will be asked to fill Verification Code. Check your email, and Copy Paste the code on the textbox

10. After you click Submit after entering Verification Code, there will be several statement you must read and agree. Just fill your name on Signature and click Save & Continue like below

11. After several statement, you will enter this page

12. All you need to send is your ID Card, W-8BEN that already Filled & Signature Card. You can scan and send them via email at support@thinkorswim.com

How to fill W-8BEN Form : Fill number 1-5 with your data and check the 9A checkbox and fill it with your country and signature them

13. After all of this finished, all you need to do is deposit your money to your account.

Deposit :

Just use Wire Transfer via your Local Bank. Usually there is bank fee transfer must payed + another $15 fee transfer charged on the fund you transfered. Need about 1-2 days to delivered

14. After this all done, all you need to do is to download the software and login to it

15. After your download finished. Click Think Desktop icon to run the software

16. It ready to use

Happy Trading…

How to Open Account on TOS (Think or Swim) for Trading Online is a post from: Vendy's Journal of Life

How to Open Account on Optionsxpress for Online Trading

vahn — Thu, 03 Dec 2009 06:18:14 +0000

Many of my colleagues ask me similar question like this “How you can make money on Stocks? How you trade online?” It’s a simple question. But seems, there still lot of people out there who don’t know where they have to start if they want to trading online. For you who totally blind about this field, first i recommend you to understand how the risk investing / trading stock/option/forex/futures/CFDs. The most important thing you must understand is you can loss all your money if you don’t have the correct trading mindset. So the first step to decide you want to enter this field or not is you know the risk and you can afford for the risk. If you ready for that, you can step to the next step. The second step is to learn the basic about investing & trading. There are lot of free knowledge about this in the internet. You also can buy some books about this in the bookstore. I will not explain about this on this post. If you already know about the basic, the third step is to open account on brokers.

For stocks & options, i reccomend 4 online brokers i’ve already tried. They are Optionsxpress, Interactive Brokers, Think or Swim, Tradestation. Some people recommend E*Trade, but i haven’t tried it yet. As i hear last year, this broker didn’t accept Indonesian Trader. That’s why i don’t registered to them. I don’t know how the rule for now. Maybe if i already tried, i will share with you here.

So. From this post, i want to give you a tutorial about how to open account on one of the online brokers i recommended, Optionsxpress.

1. Open www.optionsxpress.com and click Open an Account

Page 1 : Open An Account

2. Type Country of Permanent Resident with country where you living, then choose Individual Account, then choose Cash/Margin, then click Options, after that click Next Step

Page 2 : Getting Started

3. Fill Email with your active email, fill email confirmation once more (use your true email), then fill your desired Username (min 6 char), type your Password (must consist letter and number, ex : trader88), then confirm your password. Choose desired Secret Question and the Secret Answer (this is useful, if you forget your password), then click Save and Continue

Page 3 : Account Holder Info

4. Fill First Name & Last Name only. The type your Passport /Gov ID# as written on the Your Government Identity Card / Passport. Fill your Date of Birth, Marial Status and Dependents (how much children you have on your family). After that, click Save and Continue

Page 4 : Contact Information

5. Fill Address Line 1 with your home address where you living right now (continue on Line 2 if not enough). Postal Code must be filled. Fill Phone (Day) with your telephone number where you can be contacted on the morning & afternoon. Fill Phone (Eve) if your number can be contacted is different from Phone (Day) number on evening. Fill Phone (Mobile) if you have mobile phone number. After that click Save and Continue

Page 5 : Employement Information

6. If you want to fill Employment Status with Employed its Ok. But i recommend you to fill it with Retired, then there will be no question asking about your work. Then click No on three question below that.

7. Choose Individual on Select the type of beneficial owner. Then Click Yes on question below (Is the beneficial owner a resident within the meaning of the income tax treaty between the United States and a foreign country?). The Name of Country will appear. Then Click No on the rest of question on this page Then Click Next Step.

Page 6 : Investment Background

Check Growth & Income as Investment Objectives. Then check all Trading Stratregis To Be Utilized.

Fill Years of Stock Trading Experiences with 2. Fill Annual Stock Trades with 120.Fill the same amount on Option Trading Experiences and Annual Option Trades as Stock. Click Yes on Are you experienced in trading online? question. After that click Save and Continue.

Page 7 : Trader Profile

Fill Liquid Net Worth, Annual Income, Net Worth with less than $25.000. Fill Tax Bracket with 0-15%, Choose No Thanks – please do not sweep/invest my free cash credit balance for Money Market Fund Sweep question. Choose Yes – I do not object to the disclosure of such information for SEC Rule 14B-1(C) Election.

You can choose Yes or No Thanks for the Secure Funds Transfer PIN Setup. Leave empty on Promotional Code. Choose Friend for How did you hear about us?. Leave the checkbox on Email Offers & Announcements. After that click Save and Continue

Page 9 : Terms and Conditions of Your Account

Check checkbox on Customer Aggrements and click Save and Continue

Page 10 : You Are Almost Done – Print and Sign

Our Register in OptionsXpress now finished. Print the form and fill it with your handwriting and signature. After finished send the documents via mail to OptionsXpress. After this, click Finished

Now you can login to your OptionsXpress account (include Virtual Trade Account).

After your account in OptionsXpress is finished, now you can learn to trade by using virtual account. Virtual Account means that you trade with real market data but with fake money. It’s assume that you already have couple of bucks on your account. Be sure to practice first before decide to trade with your real money.

- Open www.optionsxpress.com and click Login

- Click ToolBox and choose Virtual Trading. Then click Launch Virtual Trade on the right side of the screen

- Now Virtual Trading is ready to use

How to Open Account on Optionsxpress for Online Trading is a post from: Vendy's Journal of Life

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