{"id":175456,"date":"2020-08-27T17:36:00","date_gmt":"2020-08-27T21:36:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/trading-lessons\/introduction-to-tws-order-types-course\/"},"modified":"2023-12-19T09:34:26","modified_gmt":"2023-12-19T14:34:26","slug":"introduction-to-tws-order-types-course","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.com\/campus\/trading-lessons\/introduction-to-tws-order-types-course\/","title":{"rendered":"Introduction to TWS Order Types Course"},"content":{"rendered":"<p>Now that you have opened a trading account, you may want to buy or sell some stocks or other assets. This course will explain Order Types and the way they help you create orders to suit the way you trade.<\/p>\n<p>Creating orders using popular order types, such as Market, Limit, Stop Bracket and more.<\/p>\n<p>In this series,\u00a0we will show you an array of order types using the TWS Mosaic interface. The three most popular orders are Market, Limit and Stop.\u00a0 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.\u00a0We will address order type basics, such as the \u201ctime-in-force\u201d function and how the day order differs from the good-till-cancelled type.<\/p>\n<p>Mechanics of common order types \u2013 when to use specific orders.<\/p>\n<p>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.<\/p>\n<p>Risk Management, Stop Loss orders and Brackets, Price Improvement.<\/p>\n<p>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\u2019s algo order types, designed to help investors achieve price improvement.<\/p>\n<p>We will also provide:<\/p>\n<ul>\n<li>Each lesson also has complementary Study Notes, as well as additional relevant information.<\/li>\n<li>There is also a quiz to help reinforce your understanding of the material covered.<\/li>\n<li>When you have completed the quiz for each lesson, you will then be eligible to take a final quiz for the entire course.<\/li>\n<\/ul>\n<p>Some of the features demonstrated in this series are only available with an \u201cIBKR Pro\u201d account. For information about IBKR Pro and IBKR Lite, view <a href=\"https:\/\/ibkr.com\/plans\"><strong>ibkr.com\/plans<\/strong><\/a><\/p>\n<p>We <strong>encourage<\/strong> you to take advantage of\u00a0all of\u00a0the course\u2019s contents, including the quizzes, to truly make the most of your learning.<\/p>\n<p>Following completion of this course, you should have a solid understanding of how to create TWS Mosaic orders while using some of the popular order types to suit your trading preferences.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now that you have opened a trading account, you may want to buy or sell some stocks or other assets. 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