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How to add funds to thinkorswim forex demo account?

Thinkorswim forex demo account is a great tool for traders who are new to forex trading or want to test their strategies before applying them to a real account. A demo account allows users to practice trading without risking any real money. However, before traders can start practicing on a demo account, they need to add funds to it. In this article, we will explain how to add funds to a thinkorswim forex demo account.

Step 1: Log in to your thinkorswim account

The first step to adding funds to a thinkorswim forex demo account is to log in to your thinkorswim account. You can do this by going to the thinkorswim website (www.thinkorswim.com) and clicking on the “Log In” button at the top right corner of the page. Enter your username and password to access your account.

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Step 2: Navigate to the “Deposit/Withdraw” page

Once you are logged in to your thinkorswim account, navigate to the “Deposit/Withdraw” page. To do this, click on the “My Account” tab on the top left corner of the page, and then click on “Deposit/Withdraw” from the dropdown menu.

Step 3: Select the “Paper Money” account

On the “Deposit/Withdraw” page, you will see a list of accounts that you can deposit funds into. Since you want to add funds to your thinkorswim forex demo account, select the “Paper Money” account from the list.

Step 4: Choose the funding method

On the “Paper Money” account page, you will see a list of funding methods. Select the funding method that you want to use to add funds to your demo account. Thinkorswim offers several funding options, including ACH, wire transfer, and check.

Step 5: Enter the funding details

Once you have selected the funding method, enter the funding details. Depending on the funding method you choose, you may be required to enter your bank account details, routing number, account number, or check information.

Step 6: Enter the amount you want to deposit

After entering the funding details, enter the amount you want to deposit into your thinkorswim forex demo account. Make sure to enter the correct amount as you will not be able to withdraw any excess funds from your demo account.

Step 7: Review and confirm

Review the funding details and the amount you want to deposit, and then confirm the transaction. Once you confirm the transaction, the funds will be added to your thinkorswim forex demo account.

In conclusion, adding funds to a thinkorswim forex demo account is a straightforward process. Traders can choose from several funding methods and enter the amount they want to deposit. By following the steps outlined in this article, traders can add funds to their demo account and start practicing their trading strategies.

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