This a Video on How to set up a theoretical Interactive brokers trader platform, Charts, Stop loss of money Profit Takers, Indicators and More! This video is purely for instructional purposes and No buy, sell or shorting selections shold be made from this video. RubenLDante IG: RubenLDante and check out my website for more Trading Articles at www. All trading involves risk where you man loose all of more money than you may have in your account. IB has some of the lowest trading commissions going around. Interactive Brokers, or IB as they are also known, are one of the main providers of electronic trading. Newbies may find it a little difficult, but given the amount of instructional videos and the very thorough help section, you should be able to master it fairly quickly.
IB also has a number of free webinars each month. The platform can be a little confusing and even daunting if you are a fairly new investor, so that may be something that turns people off. The fact that impressed me the most with IB, was the simplicity of the account opening process. Interactive Broker s to be great, and if you are with another broker, you should read this and then decide whether switching brokers might be the right decision for you. TD Ameritrade and the process was really painful and ended up taking over 2 months. There is so much functionality on this system that I feel like I still have a lot to learn. You can fill in all the forms online and even sign by just typing your name.
As discussed above, their trading platforms are very advanced, so you can enter in complex option spread trades as one order, which is a huge advantage for sophisticated traders. The free tutorials are great, but you will probably need them if you are a retail investor or are not used to the more professional looking platforms. There is a lot of functionality that is not available on many of the mainstream brokers and the commission structure is probably the best you will find. There can be a lot of other fees, which is one of the reasons they can keep their trading commission so low. We can start by taking a look at some of the benefits and disadvantages of switching to IB. Trade and TD Ameritrade focus mainly on US markets. Security is another great advantage to using IB, as you can add a security token to your account management login, in order to greatly decrease the risks your account getting hacked into.