FX Matrix

Instructions

The FX Matrix provides a convenient way to view FOREX pairs in bulk. The tool comes preloaded with a set of currencies and the currency list is customizable. Currencies are listed down the left and across the top; find the intersect of the desired currencies for the most current fx price.

To Open the FX Matrix

  1. From Mosaic - From the New Window drop-down select FX Matrix.

    From Classic TWS - From the Trading Tools menu select FX Matrix.

    The FX Matrix window in TWS.

To Create Orders Using FX Matrix

  1. Click a box at the intersection of two currencies.

  2. The FX order populates the Order Entry panel. Specify order parameters and click Submit.

  3. For an all-in-one FX trading experience, use the FXTrader.

    The FXTrader window in TWS.

 

There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.

 

Additional Resources

Learn About Forex in Trader Workstation at IBKR Campus

Visit the Trader Workstation Website