TD Ameritrade Thinkorswim Paper Trading Account. Free

Newbie here and I need help

Hi, so I opened an account with TD Ameritrade to trade stocks with last year and ended up getting side tracked with other things (college). I decided this month to look back into trading and really try to educate myself and truly understand whats going on rather than just looking at a chart and guessing, and also try other things besides stocks. So for the past two weeks I've been attempting to trade forex with the paper money account TD provides.
So, today I was doing pretty okay. I went long on EUGBP and over the course of 2 hours made $217 with my fake money. I was pretty happy. Then I proceed to lose $500 when I went long on EUUSD and five minutes later it hit its daily high and plummeted after that. After that knife in the my gut, I decided to take a break and go do some things, come back in a more stable state of mind. For the last hour I've been trying to pull some money out of the market here and there. I made a few bucks back, but then I took a loss that really pissed me off. I'm using TD's ThinkOrSwim platform to trade with and I must be missing something or don't understand something. I analyzed my charts for about 5 minutes and drew my trend lines and marked important price points. I was looking for the EUUSD to go long after it took a quick dive and made a double bottom. I set a BUY LMT order at 1.1180 and set my stop loss for 10 pips less and 50% take profits for 20 pips and the rest take profit at 50 pips above my entry. I left it to do its thing and I come back around 20 minutes later to see that the price is now 5 pips past my BUY LMT order and for some reason I haven't entered yet even though I set the order up. I don't seem to have this problem when I set up an order to short though.
I do have an issue with shorting and I guess I just don't understand what I'm doing. I analyzed my charts and was going to short EUGBP. I entered at 0.7337 and watched it drop to almost 0.7330. I was expecting a nice little profit when I looked at the P/L Open to see that I was negative almost $70. I thought if you short it you make money when the pair goes down in price? I've also had the opposite happen when going long on quick trades (15 min or less) where the price is now well above my entry but I'm in the negative on my P/L open.
I'm just really confused now and need some help, both with what types of orders to use and when to use them, and also with ThinkOrSwim itself. I thought if I wanted to go Long I should use a BUY LMT order as opposed to MKT order to know I'm not paying more than what I want to but when I set those BUY LMT orders up they aren't being executed.
ANY help or advice is appreciated, thanks.
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How to Adjust Or Reset Paper Money Thinkorswim Account- Thinkorswim Tutorial Speed Up Your Sluggish Thinkorswim Platform Forex Basics By TD Ameritrade HOW TO SETUP SCANNER FOR TD AMERITRADE PAPER TRADE ACCOUNT Think or Swim Tutorial: Best Paper Trading Tool- On Demand for Beginners

Paper Trading . Considering upping your game by adding a new strategy? a trading simulator from TD Ameritrade, you can trade without risking a dime, in a real-time environment. Practice Trading with the paperMoney® Virtual Stock Market Simulator 4 min read. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc Trade equities, options, ETFs, futures, forex, options on futures, and more. Set rules to automatically trigger orders that can help you manage risk, including OCOs and brackets. You may be eligible to use options and futures in an IRA; you may also be eligible for Portfolio Margin***, which could make more trading leverage available in your Paper trading allows novice investors to simulate the stock market experience by buying stocks and assets with fake How to Trade Forex Best Forex Trading Courses TD Ameritrade, Inc. and Does practice make perfect? Well, in the world of trading, we don’t aim to be perfect, but we do want to be profitable. And one way to pursue that goal is to practice, practice, practice on the paperMoney stock market simulator on the thinkorswim trading platform.. paperMoney offers a virtual trading experience that lets you test your trading strategies just as you would in a real, live FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.

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How to Adjust Or Reset Paper Money Thinkorswim Account- Thinkorswim Tutorial

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