Welcome to the Bullish Bears Interactive Brokers platform tutorial course. We show you how to set up both your Interactive Brokers paper trading and real account in our Interactive Brokers tutorials.
Interactive Brokers platform can be a bit challenging to set up but we do our best to simplify the setup process in this IB course but we make things easier for you in this course.
Interactive Brokers platform is excellent for day trading, shorting, options trading and investing. It is more of a "hard core" platform for the serious investor or trader.
Some of their most attractive features is that they have access to international markets, and have very inexpensive commissions when compared to their peers. They also have a multitude of advanced order types which is something professional traders seek.
Their fees are reasonable, and they have very helpful customer service. Their charting software takes some getting used to, but Interactive Brokers paper trading platform is really great to use for beginner traders who are looking to take trading seriously. We always teach our members to practice trading with virtual money first for at least a few months before trading with real money. Think of your paper trading journey with Interactive Brokers as an apprenticeship.
Their customer service is very helpful so feel free to reach out to them if you have any questions getting your Interactive Brokers platform set up. We like the chat feature but their support is good over the phone. We setup up our interactive brokers platform the way we like it, and have created some videos to help you navigate and become more accustomed to the platform.
Again, if you want to become a consistent trader then it’s important to make at least a couple hundred trades in your Interactive Brokers paper trading account first to become comfortable with the emotions of trading before trading with real money.
Interactive Brokers paper trading account becomes much easier to navigate the more that you practice. Focus and practice on making winning trades, rather than making big money. We would rather see you take small positions and work your way up to bigger trades as to condition and control your emotions. Most importantly, make sure to never trade with money that you can’t afford to lose.
Proper risk management is key! Trading risk management means you’ve planed the your trade and traded your plan. Always stick to the plan. Do not deviate! It keeps the emotions of winning trades and losing trades at bay. If you let your emotions get the best of you, no trading platform, or amount of luck will help you. A profitable trader is methodical in their actions. Emotional traders don’t last in this business. We tell our members this because we learned the hard way! Tune out the noise, trade the trend, and let the signals dictate your trades!
Trading is a challenging skill to master, and there is no set amount of time you should practice till you one day wake up a good trader. It's a matter of discipline, respect and technical analysis. Master the market by mastering yourself. The good news is you're picking one of the best brokers on the planet to trade with, giving you a superior edge over the inferior choices of brokers that are out there.
This IB tutorial course is going to save you a countless number of hours and massive headaches trying to learn how to set it up all on your own. We created this course based on what we would of wanted to know when we first signed up with interactive brokers. Unfortunately for us, we had to learn the hard way. Both with trading, and setting up the Interactive Brokers platform. The good news is, you don't have to learn the hard way.
Take this course. Watch the videos at your leisure. Pause them and take notes, or follow along with your own account. You're going to love all the tools IB provides at your disposal. One of the most underrated tools is their stock scanner. You can scan for fundamental or technical data, that is constantly changing. It will update in real time, so you can follow the money and ride the waves.
We also like the TWS option volatility lab. This tool is awesome because it shows a list of options plays you might be looking to trade, along with probability of profits, ROI, all calculated on what you “expect” for a percentage price move. This tool is only as good as your technical analysis though, so be sure to chart your stock extensively before placing trades based on it!
IB is great for hot keys. They have very versatile editable hot keys with only minor limitations. If you're going to be a casual day trader that's not trading huge positions then their hot keys work great. Some of the most common hotkey configurations will look like this:
C = cancel
B = buy limit
Shift B = buy market
S = sell limit
Shift S = sell market
arrow up = increase price
arrow down == decrease price
The TWS mobile app is one of the best trading mobile apps, period. We wish it had a little more indicators, but you can really only use so many on a mobile platform. We found the mobile app to be clean, fast, and of course, we experienced the same level of speedy executions as usual with the desktop platform. So it is nice to have that kind of power in your pocket when you want to trade on the go!
Some of our favorite features of Interactive Brokers are the ability to locate shares to short. IB even has a shorting tool that you can open that displays in real time the amount of shares to short available. This is awesome when you are looking to short a stock, and you can see traders borrowing shares in real time. This lets you know many others are shorting the stock at a key area of support or resistance, giving you an early indication of what the mob is thinking.
We also love that IB has a "Mosaic" that allows you to move windows and sections around in the format that best suits you. Most brokers give you a platform, and while you can customize it, you are limited to where your windows are located within the platform. With IB, you can click and drag your windows around where you see fit, and then lock them in place. You may choose to save several different layouts that you like for certain types of trading (Trading forex vs stocks vs options for example).
Knowledge is power. Applied knowledge is freedom. Our IB platform course is a tremendous value and we’re giving it away to you for free! All of our courses are free for your benefit, so take the time and study up peeps! We want to raise smart, independent, confident traders, and thus, everything we do at the Bullish Bears is to that end. We leave nothing out!
We spent a lot of time, trial and error, and countless hours on the phone with Interactive Brokers so that you can enjoy the IB videos in this course. Enjoy!
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This is the real deal; no hype, no get-rich-quick rich schemes, just solid advice and training from the pros.John P.
Great place To learn about the stock market and tradingCharlie R.