Interactive Brokers Tutorial for Beginners 2023 | Step-by-Step Guide to Get Started Trading
The Interactive Brokers trading platform, also known as Trader Workstation, is an incredibly powerful trading platform with many tools you can use in your trading. In todays video, I’ll do my absolute best to break the platform down as simply as possible and hopefully leave you all feeling a lot more comfortable using it for your own trading.
Interactive Brokers is an excellent trading platform for those of you interested in trading stock, options and futures. We’ll discuss how to buy and sell stock, trade options, view charts, and some general customization.
If you have any questions about Interactive Brokers or recommendations for others tutorials you'd like me to make, please leave them down below.
Timestamps
0:00 Intro
0:23 General Navigation
1:46 How to Create Custom Layout
3:56 How to Create a Watchlist
7:04 How to Buy Stock
12:12 How to Short Stock
15:06 Cancel / Modify Working Orders
16:00 Option Trading Layout
16:49 Option Chain Explained
19:52 How to Trade Options
23:15 Charting
24:30 Adding Studies (Moving Avg)
27:41 Color Scheme & Settings
➤ Open a tastyworks account: start.tastyworks.com/#/login?...
➤ Start Investing with M1 Finance: m1finance.8bxp97.net/151KXm
Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.
Пікірлер: 145
i never type comments, but this video was EXACTLY what i was looking for, great video, well spoken easy to understand. 10 out of 10
Thank you so much for providing such explanatory class 🙏🏼
Very nice, clean and easy to follow. Great video.
Most excellent description of this platform ever! I was almost at my wits end, but you save me. Thank you baby Jesus. 🙏🏼😊 Great voice and pace as well. Love it!
Thanks man, definitelyhelps! Edit: watched a few other tutorials, and this is a multiple levels above anything else.
Nice job of providing a good overview. I liked your pace.
Amazing, pal. You are made to teach. Got all the right ingredients.
Great video! I'm just getting started with Option trading and this was very helpful for me to start setting up IBKR. Thanks!
Awesome video. Thanks for the guide. Really needed it.
This was the best video EVER! Thank you very much.
Good video, I just started with IBKR as a beginner trader.... Because of being very good for international traders. But the application was in first instance a big question mark for me.. Not anymore so much.. Thank you...
Great tutorial. Thank you!
Absolutely brilliant video.
Thanks so much for making this. I just signed up for an account and was throughly confused when I opened the software. This is helpful.
The best totorial i have ever watched in my life Thank you so much man
@failfails8726
Жыл бұрын
Literally was going to type this. Very good job explaining and breaking it down step by step for new traders!
Thank you so much very helpful!!!!
Thank you, even better than IB's videos.
@shortthestrike
Жыл бұрын
Thank you!
FINALLY!!! thank you so much.
excellent tutorial!!
Nice presentation,thank you! ❤
Can't Thank You enough man. still a beginner looking for the best brpker platform and you made it easier to decide. It s not actually complicated now
Thank you 👍😎
Excellent tutorial. Thank you very much. Makes everything much easier !!!!
Excellent video. Thank you for this. Liked & subscribed. Request: Please make more of these. Mabye Beginner, Intermediate, and Advanced levels?
Thank you for this, i am very new to using trading platforms as i usually trade directly through my bank.
Awesome! Thanks so much
Great video, thanks so much!
Thank you for sharing your knowledge.
Bro Just Rocked it and nailed IT I will share it to my homies
Thank you grate video! 👍👏👏👏👏
very nice , thank you
Thank you. It is helpful
The is very informative and easy to understand. Thank you so much
best tutorials on yt thanks
Nice video!!!!really helpful nice work
This method are shoking for me... I really love to use it
Hi! I'm SO NEW to IB! Two questions: Is there an Order for Iron Condors? Any Drawing Tools Like Channels, Fibonacci Retracements, Rectangles, etc?
can someone tell me please, why i cant zoom in and out my chart like You showed in 24:19 , i can just adjust the size pressing other buttons, but i want to just zoom in and out with mouse wheele .
Great video!
Superb asweome tooo good video.very nicely explained.
Awesome video ! Please can you make a new one with the IBKR desktop version too. That seems to be a much user friendly interface and would love to have a updated video.
Thanks
Thank you for this excellent tutorial. Could you please make one on How to Create Hot Keys in Mosaic? Thank you
Is IB always closed for maintenance on weekends? I can't sign in at all on Saturdays and Sundays? Thank you so much for these videos. Really appreciate!
The scroll wheel doesnt zoom the charts for me - does anyone know where the settings are for this? In my case by default mousewheel changes the width of individual candles rather than zoom in or out
very good thank you
Thank you!!
@shortthestrike
Жыл бұрын
Glad it helped!
The video was great man very clear, i understood everything you were showing us, the only question i have for you is once you put in a trade where is the window box where you can see how much profit you are making off of your active trades? Im sure there is one but could you tell me wich one it is so i can add it to my platform. Please & Thank you
You the best
Marvelous work well done, Kindly show a clean video of how to set stop loss to execute on contracts cause last time I tried and it did not sell at my set stop loss
I would love a video on buying ETF's/stocks from another currency (specifically euros). Are you able to show that on your paper account?
Thanks. Could you make a video explaining the process of selling covered calls?
Very helpful. What is the advantage of Mosaic over Classic TWS?
Awesome video. Really cuts the learning curve way back on a tool that isnt instantly intuitive
@shortthestrike
Жыл бұрын
Glad it helped!
@Eastbaypisces
Жыл бұрын
@@shortthestrike how u get in n out fast w/o having the screen come up for confirmation of order? is there an auto send w/options or no??
Does anyone happen to know if there's a way to check transaction history in I.B. paper trading, the statement page only seems to show activity in the live account? Thanks
best video. IBKR should pay you for this 😃
Yeah yeah...all this is great. Actually pretty common in trading platforms BUT what about the backtesting ability? How is that done?
Please , make a Tutorial for the tws stock screaner for premarket gaps and Momentum stocks.
Great Video. very well done. so there is no way to sell 25% of your position on hotkeys?
it is great totorial . may you make a totorial on how to buy IPO'S shares please.
great video, I started with robinhood, then went to webull, so I'm used to simplicity, this is definitely more complex. but orders fill way easier on here from what I hear, super excited, got 2 trading days down so far, just struggled getting in and out of trades lol The automatic trend line drawing on the charts gets me every time, I try to click and drag to scroll, but then a line comes up, I'm too used to tradingview
@shaunglendinning
10 ай бұрын
Agree with "The automatic trend line drawing on the charts gets me every time, I try to click and drag to scroll, but then a line comes up, I'm too used to tradingview" is there a way to get around this irritation?
@devinbraga8237
10 ай бұрын
@@shaunglendinning I have no idea to be honest, I gave up on IBKR because of it's complexity, I'd rather sacrifice a penny price difference by using WeBull, feeling comfortable in a trade knowing there is a simple keyboard shortcut to get all out, being able to easily look at charts and place limits, everything feels easier I probably didn't give IBKR enough time, but I'd rather not be in a situation where I feel uncomfortable being in a position
Is it possible to enter into an options trade using a limit order based on the target price of the underlying being hit rather than based on the price of the option itself?
Thanks great tut, very blurry on my monitor, is it the same for anyone else ?
Is there something like a bracket order for options to protect yourself?
Great tutorial! Would suggest placing differnt condition orders for options trades. Setting a stop, trailing stop etc. I am always getting into trouble with those. Ex. If I have a position for 3 contracts and sell 1 contract once I reach my target of say 10%, then I want to put a stop loss on the remainder of the 2 contracts at break even, but then I sell 1 more contract once it reaches 20%. What happens to my stop loss which was for 2 contracts? Do I have to modify it to 1 contract or will it know I only have 1 left? And lets say I want to now move my Stop loss a little higher than my break even do I have to change the qty as well? These are things that sometimes need to be done quickly so any help you have would be great! Oh and maybe do a segment using the mobile app. Thanks!
@emport2359
Жыл бұрын
Did you figure it out? If so, then would you mind sharing?
Question, for me it does not show QTY price like what you have at 8:06 how to turn that on?
Such a nice video, I was wondering how can I find number 2.
can we set max trade limit or max loss for the day ?
A stupid, beginers question, please. Can you use Options Trading window to buy the actual shares, or it has to be in the Mosaic view/window? Thanks in advance.
Hello, I have a question about this platform - I set it up and I'm practicing learning the platform with the paper account. Often when I place an order it does not get filled - is the funded platform the same way...? (placed one yesterday and watched the bid/ask prices go up one side of my bid and down the other..........about 2 hours later the order filled - but the price was on its way down and...well I lost some paper money) I literally watched the price dance right by my bid - and I have seen this a few times now.........what causes this....? is it because its a paper account...? Also, I had a stop order set at 820, it filled at 815 - price fell from like 900, right by my stop order (smci), just wondering what causes this, I;m glad it was paper - otherwise it was a 250 in the L column thanks - great video
How do you sell the ones you bought?
hi, can you add ewo on interactive brokers^
i have an IBKR Pro account, is it free to use TWS?
Very informative video! By the way , Could you do Street Smart Central platform tutorial on Charles Schwab ? in case someone want to trade future . Thanks.
@shortthestrike
2 жыл бұрын
Thank you! Yes absolutely
Nice bro but I Wanna know hoy yo configure fibonacci please 🙏
How can i buy fractional shares
is this a browser application?
Do you have any VDO in which you can teach or demonstrate how to start the day trading process for someone that has never Daytrade before, Thz
@johnsonbenson5779
Жыл бұрын
@KATHIMORGAN1 is her user name for help
@frandithgimenz5920
Жыл бұрын
Who is her
@johnsonbenson5779
Жыл бұрын
@@frandithgimenz5920 She's my professional broker
how to buy and sell a stock in iteractive brokers
Great tutorial....... I'm not seeing options tool on my TWS .Any suggestions?
@johnsonbenson5779
Жыл бұрын
@KATHIMORGAN is her user name for help
My Desktop client looks completly different as of september.
I have called IBK about four times, how come I don't have the option to cancel or close the order?
@shortthestrike
Жыл бұрын
I’m sorry, I don’t have anything to do with them, so not entirely sure what you’re dealing with. Does the order get rejected or you don’t have a button to close it?
@denise1413
Жыл бұрын
@@shortthestrike I just dont have a button to close it, even when I right click, I dont get the option. It's like they dont want you to succeed man.
Can you make video to make best support and resistance lines plz ….
@Andrew.Ferguson
Жыл бұрын
Hey, here's a video I recorded detailing support and resistance lines and how you can use them for trading - kzread.info/dash/bejne/anmfzrxppNquhdI.html
how to open more than windows in 3 screens , i tried to do but i cant save
@Andrew.Ferguson
Жыл бұрын
Hey, you can see how to open multiple charts and save them as a template for future use in this quick video I recorded - kzread.info/dash/bejne/fJp5yLN-dcmunrA.html
Where is stop loss in tws?
would be nice to see trading forex in the platform
@johnsonbenson5779
4 ай бұрын
@wilma09 that's the user name on
@johnsonbenson5779
4 ай бұрын
TeI-egr-am 💯
TD think or swim is the standard any professional should try to meet or beat. IBKR's TWS looks not good.
Are we just going to pretend this isn't the LockPickingLawyer nerding out with another hobby
I am very afraid of InterActive Brokers. I am one of the Philippine US Expats Schwab kicked off Stock Trading. InterActive Brokers is one of the very few who will let us trade on the NYSE now. ITB plantform is very different from Schwab. Also, lacks real time data unless you do the point in time price or pay $15 dollars a month for data.
It is a complicated platform for sure. Execution speed is terrible, as is the stop loss method - blows by my stops and keeps going for dollars.......
I expected something helpful, to walk me through thee platform from beginning, it was not helpful
sounds complicated.
too bad its not as easy as he says
Nice, but too much "actually" and "you guys" for my taste.
Great video. I make huge profits on my investment since i started trading with a professional broker Mrs Kathi Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
@felixsizer300
Жыл бұрын
Thank you for the level-headed financial advice. I started my investment with $8,500 in just a week of trading with her I’ve gotten profits of $19,750 in my portfolio. Thank you Ma'am
@sarahgrindle4658
Жыл бұрын
Wow! Pretty good please how can i reach this Mrs Kathi Morgan everybody is talking about? I want to invest i'm from Canada
@johnsonbenson5779
Жыл бұрын
@KATHIMORGAN1 is her user name for help
@michaelmingle9533
Жыл бұрын
Ever since i started trading with Mrs Kathi with the consistent weekly profits i'm getting there's no doubt she's the best. such a genius I have been withdrawing my profits thanks for your great work and God bless you more..from Slovenia
@sarahgrindle4658
Жыл бұрын
@@johnsonbenson5779 Thank you Sir, i just started my trade with her.
Agree the worse
I have to agree with @darrynbrandt5903, 😁"I never type comments, but this video was EXACTLY what i was looking for, great video, well spoken easy to understand. 10 out of 10"