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Duration: 8:33

Instructor:

Contributor: Interactive Brokers

Level: Beginner

In this initial lesson, we’ll show you how to access IBKR Mobile on your Android© device, and introduce you to customizing your Watchlists.

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Study Notes:

Before you can log into IBKR Mobile, you’ll need to download the app from the Google Play store. Once IBKR Mobile is downloaded, tap the icon to open it up. On this screen, you can log in to Trade, set-up 2 factor authentication and/or authorize IB debit card purchases. If you don’t have an account yet, you can sign up for an IBKR account by tapping the Sign Up button. I’ll tap the Trade button to log in.

At the top of the application, you can choose to login into your live account or in paper account mode. For this course, we’ll be using the Paper account. In the center of the screen, you can enter your TWS username and password. You can turn on SSL encryption, which adds an extra layer of security for your trading information, then log in. Tap the 3 dot icons on the top right to change your language setting. If you log into your paper account, you will see a warning message to let you know that this is not a brokerage account, click “I understand and accept” to proceed.

IBKR Mobile opens up on the Watchlists screen. Here, you’ll see that I’m viewing my Favorites watchlist. On the Android phone, you can create up to 12 Watchlists with 50 rows of financial instruments on each. Column headers appear at the top of the watchlist. In this example, you’ll see the instrument, last traded price, change and volume. You’ll also see the tick dots and change value color changes to reflect the directional movement. You have the flexibility to add multiple instruments with different asset types.

For instance, in this watchlist, I have stocks, futures and currencies displayed. Tap any row to see a mini-chart with today’s high and low, 52 week high and low, and bid and ask prices displayed. If you have a position, you’ll see it appear below the instrument with associated P&L and Unrealized P&L. To view a consolidated view – tap Consolidated below the bid and ask sizes.

If you tap on the mini-chart, anywhere in that instrument area or on the More tab, a new screen will appear with more in-depth details, a bigger chart, news and research and more. We’ll cover the Quote Details screen in a little bit.

Back on the Watchlist, tap the magnifying glass on the top right to search for a symbol, such as TSLA. You can view TSLA in an existing Watchlist or choose a different asset type for TSLA. Let’s select TSLA in Watchlist. Now, TSLA opens with a mini-chart with more details including your position, P&L and Today’s High and Low. On the top right you’ll see a 3 dotted icon. Tap the icon to manage your watchlists.

To access the main menu, tap the 3 horizontal lines on the top left.

To add a new instrument to a Watchlist, (for example NVDA), choose Add Instrument. Enter a symbol and tap the search icon, then select the asset type – Stock, Futures, Options, and Warrants.

In addition, you can view option chains and create option combos with the combo builder and create future spreads. Below that, you’ll see NVDA on the Mexican exchange. You can even drill down further by tapping the green Stock button, at the bottom of the screen. This will take you to a screen with other instruments that have “NVDA” in its name. Tap index and warrant at the top of the list to view more entries with this search term “NVDA”.

In this example, I’ll choose stock. You will now see the new instrument appear sorted alphabetically in the Watchlist. Another way to add an instrument is to swipe up to the bottom of the watchlist and tap +Add Instrument. Let’s say we wanted to add more columns to our watchlist. We can do this by tapping the 3 dotted icon and then tap Edit Columns.

Now, we’re on the Manage Columns screen with a list of our selected columns. If you tap Add Columns – you see a full list of topics to choose from. For instance, if I tap Position and P&L, I can easily add Average Price and Unrealized P&L by tapping the “+”sign. I can add more columns by tapping any of the topics – such as Options. Now I’ll select Put/Call Interest.

You can add technical indicators, for instance the 20 day. When you’re done, tap the Manage Column arrow on the top left. Now, you’ll see the new columns display on the screen. Back up to the top right and tap the 3 dotted icon. To remove an instrument, select Edit Instruments then tap the checkbox next to the instrument. Next, you’ll see the banner at the top turn blue green with the number of items selected, tap the top left arrow and now that instrument has been removed.

Tap and drag the 3 horizontal bars to rearrange the order of the instruments. You can edit the watchlist name and even add a new watchlist. You can easily access other Watchlists by simply tapping the watchlist names above the column headers.

There’s always a “new” empty Watchlist named “New Watchlist” available to the right of the last Watchlist you have created. If you tap New Watchlist, you’ll be prompted to specify a watchlist name, so in this example I’ll enter Options, and then I’ll add the instrument GOOG and select Options. Now I can select a contract month, put or call and strike.

Another way to select an option is to use the option chain. Here, you can select expiries at the top. Swipe left to see more entries. Calls are on the right, strike prices in the center and puts on the right. Select an option on either the call or put side. Next, choose to view the Quote Details, add it to a watchlist or create an order. In this example, I’ll add to my options watchlist.

One more tip – you can ensure that all of your Watchlists display the same columns (even if you make changes to one of them). To do this, tap the 3 horizontal bars on the top left, then select Configuration. Swipe up to the Display section and enable Sync columns on all watchlists”. Now, I’ll just swipe right to see the main menu and tap Watchlist.

You can also swipe up to the Cloud section and select Save Watchlist to Cloud. This will save your settings to the cloud for use on other devices. Right below that – you’ll see Watchlist Import. Tap this to import watchlists from TWS desktop or other devices.

One last item in configuration for this lesson. If you swipe to the Access and Security section, you can enable Read-Only Access. This will enable you to access your watchlist without having to enter your username and password. If you do want to trade, you will have to enter your credentials. Next – you can enable Auto-reconnect. This will give you a 20-minute grace period to be reconnected to your trading session with no authentication required. If disabled, there is no grace period and you will be reconnected in read only mode. After the 20-minute grace period you will have to fully log in to restore trading access. You can also enable device protection with fingerprint, PIN or pattern in order to securely extend your trading access.

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Supporting documentation for any claims and statistical information will be provided upon request.

Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

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