How can i trade CFDs in TWS?

aquarian1 said:
@kakao

Ok I spent some time and broke it into steps.
1. Select the CFD you want,
https://ibkb.interactivebrokers.com/article/1984

2. Enter it in TWS.
(enter the CFD symbol e.g. IBUS500 and choose CFD)
View attachment 220808

3. Choose BUY or SELL (right click on symbol)
View attachment 220809

4. "review order" or "check margin impact" (right click on the order line)
When you check the margin impact it will open a little java window for updating trading permissions. This got a little slow so I went directly.

Alternative to Step 4 - Directly updating trading permissions (you could do this first)

https://ndcdyn.interactivebrokers.com/AccountManagement/AmAuthentication?action=TA_TRADE_PERM_BETA

Select "complex leverage products" -I am guessing that this is the right choice but I've added them and will await their approval - this can take a day or two so.

Note:
1. IB posted a warning that 65% of (UK?) customers lose money with CFDs.
2. Always trade a new product in sim mode for a while to see how it goes before trading with real money.

Good trading to all!
More...
You are amazing, thank you so much!

But i am wondering why there is no CFD option for some symbols? For example: RTTR, IBIO, VXRT, GNBT etc.

@def
 
kakao said:
You are amazing, thank you so much!

But i am wondering why there is no CFD option for some symbols? For example: RTTR, IBIO, VXRT, GNBT etc.

@def
More...

(@def -please check my reply to the OP to see if there is anything you can add/ correct in it. - thanks)

@kakao
As to other symbols I could only guess. def explained IB's roll-out of CFDs and from what I understand of the explanation "back-to-back" internal with flat spreads I would imagine the most popular => most liquid choices are the ones they would first tackle.

I do not trade CFDs but rather MES (micro S&P). As I only trade on the short side -perhaps the IBUS500 CFD I could use on the long side to hedge my short trade in these wild vicious counter moves (instead of just stops)

The moves in ES have been incredible in the last week - something I've never seen before +57.75pts in 6 mins and then -77.25 in 29 mins. It's like trying to get on a bucking bronco!
 
@kakao

On your question of other symbols, I would throw in my "two cents".

From my experience one is best to focus on one or products and specialize on them. Get to know them very well and learn how they move.

https://chatwithtraders.com/
Bettersystemstrader

have some interviews with traders and you may find these interesting.
both of these I go to their Youtube channel.
 
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