Traders Academy Free Online Courses




Traders' Academy

Interactive Brokers' Traders Academy is intended for financial professionals, investors, educators and students seeking a better understanding of the asset classes, markets, currencies, tools and functionality available on IB's award-winning Trader Workstation (TWS), IBKR Mobile, Account Management and TWS API applications.

Our complimentary courses use a blended delivery method of lessons, videos, quizzes, and notes to help TWS users improve their understanding of its tools and capabilities.


Available Courses


TWS for Beginners

TWS for Beginners Reviews Questions


Our introduction to TWS and related services will help investors and programmers understand how to navigate the platform for the first time and how to maximize your use as you develop your skills. We explain some of the products and markets available for trading as an IB client and we show you where key information is stored in TWS and how to easily access it. The lessons walk users through the Getting Started process, how to set up basic trades and how to configure your workspace to your satisfaction. You will learn how to configure the information tiles in order to easily locate news and available research from IB's providers. This overview will help you get underway with some basic explanation of several order types, chart configuration and order presets.

Course Lessons:

  • Getting Started
  • Introduction to IB Products
  • Monitor Panel
  • Trading in Mosaic
  • News and Research in Mosaic
  • Intro to Order Types
  • Introduction to Charts
  • Configuration

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Order Types

Order Types Reviews Questions


This course covers multiple ways for investors to enter orders using TWS Mosaic. The lessons teach basic limit and market order entry, as well as setting up stop orders ( existing position or not). The course also explains the Time-in-Force attribute and distinguishes between day and good-till-cancelled orders. As we progress, the lessons explain more complex orders such as bracket, one-cancels all and trailing order types.

Course Lessons:

  • Market Order Type Using TWS Mosaic
  • Mosaic Limit Order Type
  • Mosaic Good-till-Cancelled (GTC) Order Type
  • Stop and Stop Limit Orders for Mosaic
  • Bracket Orders for TWS Mosaic
  • Mosaic Trailing Stop Orders
  • Relative or Pegged-to-Primary Order Type
  • Mosaic One-Cancels-All (OCA) Order Type

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Introduction to Options

Introduction to Options Reviews Questions


Whether you are new to options or want to brush up on some risk basics, or you are learning TWS and want to know how to locate option fields and data, our Introduction to Options course is an excellent first step. We introduce you to basic concepts for call and put options and look at the associated risks from a buying and selling perspective. The importance of Greek metrics and definitions is explained demonstrated with simple examples and you will find our easy-to-use Options Calculator available for free download to help you put the pricing concepts together. As the lessons progress, you will learn how to configure TWS Mosaic for use as an option investor, and we walk you through many tools allowing you to analyze basic option trades. Later, you will learn how to combine individual option legs in TWS and how to determine profit and loss and breakeven values for trades you may want to consider.

Course Lessons:

  • Introduction to Options - Pricing
  • Introduction to Options - The Greeks
  • Introduction to Options Using TWS Mosaic - Calls and Puts
  • Introduction to Options Using TWS Mosaic - Basic Combinations
  • Covered Calls and Buy Writes in IBKR’s Trader Workstation

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Introduction to Charts

Introduction to Charts Reviews Questions


Learn how to open or load a chart and access configuration menus. The lesson will teach TWS chart users simple shortcuts allowing them to change time periods and add simple studies. Control the display to show candlesticks, bars or lines.

Course Lessons:

  • Basic Chart Layout and Configuration
  • Detailed Chart Configuration
  • Toolbar Options
  • Adding Trendlines to TWS Charts
  • Adding Multiple Chart Windows
  • TWS ChartTrader –Configuration and Creating Orders

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PortfolioAnalyst

PortfolioAnalyst Reviews Questions


The PortfolioAnalyst reporting tool enables users to slice and dice portfolio investments in order to measure and compare performance against routine or complex benchmarks. From a simple snapshot of your investments to a granular detailed report, the user is able to create reports that explain portfolio performance relative to selected benchmark sectors. PortfolioAnalyst also allows users to integrate non-IBKR financial data and incorporate data into a single view.

Course Lessons:

  • Portfolio Analyst – Overview
  • PortfolioAnalyst – Getting Started
  • PortfolioAnalyst - Adding External Accounts
  • PortfolioAnalyst - Creating Custom Reports

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Introduction to Futures

Introduction to Futures Reviews Questions


This course provides content to suit investors with different levels of knowledge about the futures market. Investors new to the world of futures trading can use this introductory course to learn key industry concepts and how to find information using the trading tools within TWS. Intermediate futures traders will find multiple educational lessons from the CME Futures Institute, where students can learn more about contract descriptions and specifications while discovering how the market operates. Experienced futures traders who are unfamiliar with TWS will learn how to configure the trading platform.

Course Lessons:

  • TWS for Futures
  • CME Contract Codes and Specs
  • TWS Contract Specs and Descriptions
  • CME Tick and Price Movement
  • CME Margin
  • TWS Margin for Futures
  • CME Expiration and Contract Roll
  • CME Price Discovery, Hedgers and Speculators

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Introduction to Margin Trading

Introduction to Margin Trading Reviews Questions


Our margin course is designed to help traders and investors learn about the core concepts and definitions of margin trading. We will teach you the different types of margin accounts, methods and requirements in order to understand how margin rules are determined both domestically and abroad. We will also guide you as you take that theoretical knowledge and apply it practically in our Trader Workstation (TWS) platform to plan, monitor and execute leveraged trades.*
*Trading on margin is only for sophisticated traders. You may lose more than your initial investment.

Course Lessons:

  • Getting Started
  • Securities Margin Trading in the US
  • Commodities Margin Trading in the US
  • Margin in Practice Part 1: Trader Workstation (TWS)
  • Non-US Margin Trading

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Option Tools

Option Tools Reviews Questions


This series of lessons will help deepen your understanding of options and discuss the many available TWS tools investors can use to analyze the market before making a trade. Each lesson focuses on a single tool or approach to a valuable concept about the options market.

Course Lessons:

  • TWS OptionTrader
  • Entering Option Spreads & Combinations with Strategy Builder
  • Options Write/Rollover Tool
  • IB Probability Lab
  • IB Volatility Lab
  • Option Selector
  • Performance Profile for Options
  • Building an Option Centric Market Scanner in Mosaic TWS
  • Estimated Price Range
  • Rolling Options
  • Pegged Volatility Orders
  • Entering Option Spreads & Combinations with the Combo Selection Tools
  • IB Risk Navigator - Calculating the forward prices for options

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Trading Around the World

Trading Around the World Reviews Questions


This course is designed to help investors understand the implications of trading outside of their domestic market. The goal is to help investors be aware of available markets, trading permissions and market data available through Interactive Brokers.
Learn about the features of your IBKR account including decisions on managing exchange rate risk and the implications of fluctuating currencies. We explain the various forms of trading currencies, how and why it might happen and spend time looking at the dedicated FXTrader software. We also discuss borrowing as an alternative to currency hedging.
Finally, we evaluate the use of margin loans and how currency orders can be attached to equity trades occurring outside of your denominated account currency.

Course Lessons:

  • Understanding FX Trading
  • TWS FXTrader
  • Mechanics of an Overseas Trade
  • Entering Overseas Stock and Currency Orders in Mosaic
  • Dual FX Display
  • Trading Overseas with IBKR
  • Contracts for Difference at Interactive Brokers

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Fixed Income Trading for TWS

Fixed Income Trading for TWS Reviews Questions


Whether you are a new to the world of fixed income trading or an experienced professional, our course is structured to help you configure and locate bonds available for trading in TWS. Each lesson addresses a specific aspect to the subject from the perspective of the user looking to quickly move ahead with distilling the world of bonds on the platform. The lessons contain appropriate shortcuts to accelerate the process of getting ready to place a bond trade.

Course Lessons:

  • Configuring Mosaic for Fixed Income
  • Adding Bonds to the Workspace
  • Global Bond Scanner
  • Entering Orders for Bonds

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IBKR’s Risk Navigator©

IBKR’s Risk Navigator© Reviews Questions


For most money managers, risk management is a key component to investing. The IB Risk Navigator is a powerful standalone portfolio monitoring tool built to measure and aggregate real and dummy position exposure across all asset classes. The Risk Navigator can measure common size exposure according to currency and Greek metrics, such as delta, gamma and vega. This portfolio management tool can help users monitor positions according to beta or equal weightings, and its what-if functionality enables investors to measure the potential impact on investments and expected margin requirements of adding or reducing positions to and from a portfolio.

Course Lessons:

  • Introduction to IBKR’s Risk Navigator
  • Margin Sensitivity Using IBKR Risk Navigator
  • Beta Weighting in the IBKR Risk Navigator
  • Configuring Portfolio and Underlying Risk in Risk Navigator
  • IBKR Risk Navigator – Calculating the Forward Prices for Options

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TWS Algos

TWS Algos Reviews Questions


Algorithms are sets of instructions built to help the user perform complicated tasks easily. Trader Workstation employs many algorithmic order types with the aim of helping investors submit orders for execution subject to such a set of rules. This course introduces the user to several algos available in TWS and provides a detailed overview of several complex orders that can help maximize your returns by providing a better fill at the most advantageous destination subject to customized rules.

Course Lessons:

  • ScaleTrader
  • VWAP
  • Accumulate/Distribute
  • Adaptive

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Trading Using R

Trading Using R Reviews Questions


R has an array of R-packages for automated trading and performance analytics for back testing and analyzing trading strategies. In this course created by QuantInsti® you will learn how to install and download both R and RStudio, explore the IBrokers* package which will enable you to connect to TWS, request market data, retrieve account and portfolio details, place orders and more! The IBrokers package has been created by Jeffrey Ryan and is currently maintained by Joshua Ulrich. It is a pure R implementation of the Interactive Brokers Trader Workstation API.

Course Lessons:

  • Introduction to R and RStudio
  • Installing R and RStudio
  • Configuring IB's Trader Workstation
  • Introduction to IBrokers Package
  • Market Data Functions
  • Customizing Market Data Functions
  • Order Functions
  • Sample Trading Strategy


*Disclaimer: This software is in no way affiliated, endorsed, or approved by Interactive Brokers or any of its affiliates. It comes with absolutely no warranty and should not be used in actual trading unless the user can read and understand the source. IBrokers is a pure R implementation of the TWS API. http://cran.r-project.org/web/packages/IBrokers/index.html

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Securities Lending and Borrowing

Securities Lending and Borrowing Reviews Questions


This course is aimed at helping investors wanting to take a short position in stocks understand what to do and where to find key information in Trader Workstation. We explain the short selling cycle and how investors can easily find out stock loan availability in the platform. Students will learn about IBKR’s Pre-Borrow utility and how this may increase the chance of settlement. Finally, we explain the benefits to shareholders of lending out stock and how IBKR’s Stock Yield Enhancement Program automates this process for enrollees.

Course Lessons:

  • Shorting Stocks on IBKR’s Trader Workstation (TWS)
  • Pre-Borrow US Stocks for Shorting
  • Stock Yield Enhancement Program (SYEP)
  • Mechanics of a Short Sale

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Introduction to Technical Analysis

Introduction to Technical Analysis Reviews Questions


A solid overview into modern technical analysis by long-time trader and best-selling author Adam Grimes. This course will give you a solid foundation in chart reading, understanding a trading edge, using indicators, and developing the process and skills to apply these tools in your own trading.

Course Lessons:

  • Technical Analysis: What and Why?
  • Basic Chart Reading
  • Moving Averages
  • Bands and Channels: Monitoring Extension and Momentum
  • Using Indicators
  • Volatility

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Advanced Trading Tools

Advanced Trading Tools Reviews Questions


Each lesson centers on a specific standalone module within TWS that has a unique purpose. The FXTrader is a prime example. TWS users may view and trade currencies anywhere in the platform, but we devised the FXTrader as a dedicated piece of software that allows currency traders to configure a workspace with an emphasis on price display. You will also be introduced to the TWS BasketTrader, which enables a user to construct a basket of stocks for easy upload and simultaneous transmission to the market. And you will also learn about ISW, the Integrated Stock Window, where you can trade, see charts, market data and deep data all from a single integrated window.

Course Lessons:

  • TWS BasketTrader – Create a Basket
  • IB Order Management System (OMS) / IB Blotter
  • Mosaic Market Scanner
  • TWS FXTrader
  • Portfolio Builder
  • Integrated Stock Window (ISW)

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IBKR Mobile - iPhone© and iPad©

IBKR Mobile - iPhone© and iPad© Reviews Questions


This course is about using IBKR Mobile on your iPhone and we’ll also explore the iPad user interface. We’ll cover a wide range of topics such as customizing your watchlists, adding chart indicators, plus trading stocks, options, futures and forex worldwide. We’ll show you how to view portfolio and account information, plus how to access Tip Ranks for company fundamentals and analyst reports. We’ll take a look at some of the latest enhancements – such as iBot, Order Entry Wheel, the Spread Template tool and configuration enhancements.

Course Lessons:

  • Getting Started with IBKR Mobile on the iPhone©
  • Quote Details & Charts
  • Trading using IBKR Mobile on the iPhone©
  • Monitor Your Account and Portfolio
  • Options on the iPhone©
  • Creating Scanners & Configuration Tips for the iPhone©
  • Getting Started with IBKR Mobile on the iPad©

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IBKR Mobile -Android©

IBKR Mobile -Android© Reviews Questions


This course will cover using IBKR Mobile on your Android© phone. We’ll cover a wide range of topics such as customizing your watchlists, adding chart indicators, plus trading stocks, options, futures and forex worldwide. We’ll show you how to view portfolio and account information, plus how to access Tip Ranks for company fundamentals, news articles and analyst reports. We’ll take a look at some of the latest enhancements – such as iBot, Order Entry Wheel, the Spread Template tool and new configuration options. Course Lessons:

  • Getting Started with IBKR Mobile on the Android©
  • Quote Details & Charts
  • Trading using IBKR Mobile on the Android©
  • Monitor Your Account and Portfolio
  • IBKR Mobile Options on the Android©
  • Creating Scanners & Configuration Tips

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US Trader Tax 101

US Trader Tax 101 Reviews Questions


Complex tax rules significantly impact investors, traders, and investment managers. Learning these rules is the first step to tax savings. Traders have unique tax topics, tax breaks, and pitfalls. Robert A. Green, CPA is a leading authority on trader tax as recognized by the publishers, media, traders, and industry groups. Mr. Green is the author of the best-selling annual Green’s Trader Tax Guide and he contributes to blogs on trader tax (read Robert Green’s bio). Mr. Green designed this Tax Course to be a “don’t miss” destination for traders. He provides the precise trusted answers you seek.

Course Lessons:

  • Retail Trading
  • Trading Other People’s Money
  • Trader Tax Status
  • Trading Business Expenses
  • Capital Loss Limitation & Wash Sale Losses
  • Section 475 MTM

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