Using the FXTrader

Instructions

When you select a trading cell, that currency pair populates the Quote Panel at the top of the window. You can create an order using the traditional TWS method of clicking the Bid or Ask from the Quote Panel. You can also create an order from within the trading cell.

To Create an Order from the Trading Cell

  1. Click the Bid to create an order to sell the base (and buy the quote). Click the Ask to create an order to buy the base (and sell the quote).

    Creating an order from the trading cell in TWS.

    1 - Order presets define the default order characteristics, including order size, order type, etc.

    2 - To create an order, click the Ask or Bid within the trading cell. The order is created both in the Orders Panel and in the trading cell.

    3 - The price displayed in the trading cell emphasizes the most important part of the currency pair price. Orange coloring indicates downward movement, green indicates upward movement.

    4 - You can invert the quote display by clicking the "Invert" icon. Inverted quotes are identified by an asterisk in the currency pair title. Note that when you create an order off an inverted display, the order itself is not inverted. A BUY order will always buy the base, and a SELL order will always sell the base, regardless of whether the cell displays a direct or indirect (inverted) quote.

 

Additional Resources

Learn About FXTrader in Trader Workstation at IBKR Campus

Visit the Trader Workstation Website