How Do I Change the Paper Money in My Thinkorswim Mobile App?

Patrick Burnett

Are you looking to change the paper money in your Thinkorswim mobile app? Look no further, we have got you covered! In this tutorial, we will guide you through the process of changing the paper money in your Thinkorswim mobile app.

What is Thinkorswim Mobile App?

Thinkorswim Mobile App is a trading platform that allows traders to trade stocks, options, futures, and forex. It is an advanced platform that provides traders with real-time data, customizable charts, and technical analysis tools. The platform is available for both desktop and mobile devices.

Steps to Change Paper Money in Thinkorswim Mobile App

Here are the steps to change paper money in Thinkorswim Mobile App:

Step 1: Open the Account Info Tab

Open the Thinkorswim Mobile App on your device and click on the ‘Account Info’ tab located at the bottom of your screen.

Step 2: Select Paper Trading Account

On the ‘Account Info’ page, select the ‘Paper Trading Account’ option.

Step 3: Click on Settings Icon

Click on the settings icon located at the top right corner of your screen.

Step 4: Select Paper Trading Account Type

On the settings page, select ‘Paper Trading’ as your account type.

Step 5: Change Paper Money Amount

After selecting paper trading as your account type, you can now adjust your paper money amount by clicking on ‘Change PaperMoney Balance’ option and following instructions provided.

  • Note:
  • If you have previously used paper trading mode and changed it back to live mode then you might need to create a new paper account again.
  • Paper trading accounts use delayed data and trade limits, so it’s important to keep this in mind when using the platform.

Conclusion

In conclusion, changing paper money in Thinkorswim Mobile App is a simple process that can be done in just a few steps. Whether you are new to the platform or an experienced trader, knowing how to change your paper money amount is essential. We hope this tutorial has been helpful and wish you success with your trading endeavors!