Introduction to Desktop Order Types

The IBKR Desktop is powerful streamlined trading platform offering next generation technology and a user-friendly interface no matter the investors trading experience. In this series, we will show you an array of order types using the IBKR Desktop interface. The three most popular orders are Market, Limit and Stop. 

This course will show you how to place these three order types and many more. Some order types are designed for speed of execution while others are intended to achieve a specific price. We will address order type basics, such as the “time-in-force” function and how the day order differs from the good-till-cancelled type.

Mechanics of common order types – when to use specific orders.

Each lesson will focus on a specific type of order and describe in detail the specific functions of each to help you distinguish between them, when to use them and why some order types might better suit your level of trading and investing.

Risk Management, Stop Loss orders and Brackets, Price Improvement. We will also address risk management and how that plays in to using certain order types such as stops and bracket orders. We explain the risks of using market versus limit order types. . We will also address features of IB’s algo order types, designed to help investors achieve price improvement.

We encourage you to take advantage of all of the course’s contents, including the quizzes, to truly make the most of your learning.

Following completion of this course, you should have a solid understanding of how to create IBKR Desktop orders while using some of the popular order types to suit your trading preferences.