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Charts",{"request_context":23,"type":24,"id":1187,"faq_id":1187,"timestamp":637,"cir_id":26},{"request_context":23,"type":24,"id":1089,"faq_id":1089,"timestamp":988,"cir_id":26},{"request_context":23,"type":24,"id":981,"faq_id":981,"timestamp":988,"cir_id":26},{"request_context":23,"type":294,"id":626,"faq_id":626,"timestamp":307,"cir_id":26},"https:\u002F\u002Fwww.interactivebrokers.com\u002Fibot",{"@type":1195,"server_version":1196,"session_id":1197,"id":1198,"question":1199,"answer":1200,"navigation":1201,"short_description":1214,"yt_id":1215,"similars":1216,"feedback_context":1254,"slug":1256},"FAQ_BROWSER_CONTENT","JFaqHTTP6;-712769386","3791cc75-0a42-469e-a28b-f7afe2a7113c","27293227","How do I convert currency in TWS?","\u003Cp>Clients have the ability to convert currency, either to establish a cash position or trade foreign products. To place a currency trade, enter the currency pair you wish to trade (ex. EUR.USD) into the Trader Workstation (TWS) desktop platform as you would any other symbol and select IDEALPRO CASH if prompted by the contract selection menu. You can then initiate a trade using the \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fguides.interactivebrokers.com\u002Ftws\u002Ftwsguide.htm#usersguidebook\u002Fgetstarted\u002Fcreate_an_order.htm\">Classic TWS Inline Order Entry\u003C\u002Fa>\u003C\u002Fstrong>, \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fguides.interactivebrokers.com\u002Ftws\u002Ftwsguide.htm#usersguidebook\u002Fspecializedorderentry\u002Fbasic.htm\">Order Ticket\u003C\u002Fa>\u003C\u002Fstrong>, or \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fguides.interactivebrokers.com\u002Ftws\u002Ftwsguide.htm#usersguidebook\u002Fmosaic\u002Forderentry.htm\">Mosaic Order Entry\u003C\u002Fa>\u003C\u002Fstrong> window. Configure your trade as you wish and transmit the order when ready.\u003C\u002Fp>\u003Cul>\u003Cli>The action (Buy\u002FSell) will be for the first currency in the pair. In other words, if you would like to be long EUR 500 you would place a trade to Buy 500 EUR.USD.\u003C\u002Fli>\u003Cli>Order quantity is by default in terms of units of the first currency of the pair. However, you can have the system \u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F76127245\">calculate order quantity based on a monetary value\u003C\u002Fa>.\u003C\u002Fli>\u003Cli>Only one symbol is available for each currency pair, for ex. EUR.USD is available but not USD.EUR.\u003C\u002Fli>\u003Cli>Residual cash balances in non-base currency are converted automatically in base currency within 2 working days at no cost for clients.\u003C\u002Fli>\u003Cli>In a Cash account the commission will be charged in your base currency.\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\n\u003C\u002Fp>\u003Chr\u002F>\u003Cp>\u003Cstrong>Additional Information\u003C\u002Fstrong>\u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Flib\u002Fcstools\u002Ffaq\u002F#\u002Fcontent\u002F28225645\">How do I close a currency balance in TWS?\u003C\u002Fa>\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fimages\u002Fweb\u002Fot-currency-conversion-iPhone-50255.gif\">See how to convert currency in IBKR Mobile for iOS\u003C\u002Fa>\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fimages\u002Fweb\u002Fot-currency-conversion-Android.gif\">See how to convert currency in IBKR Mobile for Android\u003C\u002Fa>\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.interactivebrokers.com\u002Fimages\u002Fweb\u002Fot-currency-conversion-cp.gif\">See how to convert currency in Client Portal\u003C\u002Fa>\u003C\u002Fli>\u003C\u002Ful>",[1202,1208,1210,1212],{"id":626,"title":627,"feedback_context":1203},{"request_context":1204,"type":1205,"id":626,"faq_id":626,"timestamp":1206,"cir_id":1207},"faq-browser-public,faq-browser-1:JFaqHTTP6-5160e227-24dc-431e-9fcf-f2dd9748962f","FAQ_NAVIGATION",1794537247563,"772e2acf-df70-4bdd-93da-81318b54e0be",{"id":819,"title":820,"feedback_context":1209},{"request_context":1204,"type":1205,"id":819,"faq_id":819,"timestamp":1206,"cir_id":1207},{"id":891,"title":892,"feedback_context":1211},{"request_context":1204,"type":1205,"id":891,"faq_id":891,"timestamp":1206,"cir_id":1207},{"id":895,"title":896,"feedback_context":1213},{"request_context":1204,"type":1205,"id":895,"faq_id":895,"timestamp":1206,"cir_id":1207},"\u003Cp>Clients have the ability to convert currency, either to establish a cash position or trade foreign products. To place a currency trade, enter the currency pair you wish to trade (ex. EUR.USD) into the Trader Workstation (TWS) desktop platform as you would any other symbol and select IDEALPRO CASH if prompted by the contract selection menu. You can then initiate a trade using the…\u003C\u002Fp>","m0T_g6FBhcs",[1217,1230,1238,1246],{"id":1218,"title":1219,"feedback_context":1220,"short_description":1223,"source":1224,"slug":1229},"28225645","How do I close a currency balance in TWS?",{"request_context":1204,"type":1221,"id":1218,"faq_id":1218,"timestamp":1222,"cir_id":1207},"FAQ_SIMILAR",1794537247593,"\u003Cp>You can monitor your cash balances and convert the remaining non-base currency balance(s) into your base currency in the Trader Workstation (TWS) Account window:\u003C\u002Fp>\u003Col start=\"1\">\u003Cli>In TWS, from the \u003Cstrong>Account\u003C\u002Fstrong> menu select \u003Cstrong>Account Window\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>Scroll down to the…\u003C\u002Fli>\u003C\u002Fol>",{"id":1225,"title":1226,"link":1227,"sourceType":1228},"faq","IBKR FAQs","https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=28225645","FAQ","close-currency-balance-tws-28225645",{"id":1231,"title":1232,"feedback_context":1233,"short_description":1234,"source":1235,"slug":1237},"35805363","How do I convert currency using the IBKR Mobile Order Ticket?",{"request_context":1204,"type":1221,"id":1231,"faq_id":1231,"timestamp":1222,"cir_id":1207},"\u003Cp>To create a currency order using the mobile Order Ticket:\u003C\u002Fp>\u003Col start=\"1\">\u003Cli>Tap the More menu in the top left corner and then tap \u003Cstrong>Order Ticket\u003C\u002Fstrong>\u003C\u002Fli>\u003Cli>Search for the first currency of the pair you want to trade (e.g. EUR) and select \u003Cstrong>Forex\u003C\u002Fstrong> under the \u003Cstrong>IDEALPRO\u003C\u002Fstrong>…\u003C\u002Fli>\u003C\u002Fol>",{"id":1225,"title":1226,"link":1236,"sourceType":1228},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=35805363","convert-currency-using-ibkr-mobile-35805363",{"id":1239,"title":1240,"feedback_context":1241,"short_description":1242,"source":1243,"slug":1245},"35805361","How do I trade FX in Client Portal?",{"request_context":1204,"type":1221,"id":1239,"faq_id":1239,"timestamp":1222,"cir_id":1207},"\u003Cp>IBKR offers clients the ability to convert currency, either to establish a cash position or trade foreign products.\u003C\u002Fp>\u003Cp>To place a currency trade in Client Portal:…\u003C\u002Fp>",{"id":1225,"title":1226,"link":1244,"sourceType":1228},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=35805361","trade-fx-client-portal-35805361",{"id":1247,"title":1248,"feedback_context":1249,"short_description":1250,"source":1251,"slug":1253},"29079802","Can I trade multi-currency products in my IRA account?",{"request_context":1204,"type":1221,"id":1247,"faq_id":1247,"timestamp":1222,"cir_id":1207},"\u003Cp>An IRA account may trade products denominated in a currency other than the USD Base Currency, but such accounts are not allowed to borrow cash in any currency. Therefore, if you are looking to purchase a product denominated in a currency other than the Base Currency, you would need to first convert your Base Currency into the denominated currency of that product. …\u003C\u002Fp>",{"id":1225,"title":1226,"link":1252,"sourceType":1228},"https:\u002F\u002Fprod.ibkr-web.com\u002Fibconfluence\u002Fpages\u002Fviewpage.action?pageId=29079802","trade-multi-currency-products-ira-29079802",{"request_context":1204,"type":1255,"id":1198,"faq_id":1198,"timestamp":1206,"cir_id":1207},"FAQ_CONTENT","convert-currency-tws-27293227"]