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Hi Brandon, it depends on personal preference and time of the day / strategy. In the market open (scalping / momentum trading) you want to be quick so hotkeys could be best.

Hello, I'm Milo I just moved to NYC from Los Angeles CA, I'm originally from Finland though. I'm in my late 30s and I work part time in customer service, I have also worked in a few small budget movie productions as an assistant. I read the two books of day trading by Andrew, and it made me think that I should at least try it and see if I'm good at it. I'm completely new to day trading, I have never traded before except few times with those free trading simulator websites (if you count that as trading). I just opened the DAS simulator account and going to do paper trading for 3-6 months. Hopefully after that I can do live trades.

Thanks Robert for the information. Very helpful. My 2 cents, For step 3, if you are using the Web platform for IB, then you can do the following. 1. Go to Orders & Trades 2. Enter a Symbol - Enter the Currency which you need to convert (in my case EUR -> USD, so I had to enter EUR.USD). 3. Click Sell order 4. Quantity - how much money you want to convert (for e.g 1000 EUR) 5. Order type -> Limit, Time-in-Force -> DAY 6. Submit Sell order. You get filled, when the price hits. You can go to Portfolio to check for confirmation.

I opened an account with IB Canada (separate entity), and here is what I have been doing to trade US stocks: 1. Funded account in Canadian dollars (CAD) 2. Set base currency to USD in Account Management (only for display and reporting purposes) 3. Converted a small amount of CAD to USD to cover initial losses. This video tutorial was very helpful 4. Each day, my Buying Power in IB/DAS is converted from CAD to equivalent USD 5. I day trade only US stocks and close out all positions at end of day 6. I stay well below my BP--again, calculated in USD in DAS 7. Profits and losses are settled in USD automatically 8. Commissions are deducted from USD balance 9. USD balance increases/declines with profit/loss at the end of each day Note that the majority of my equity used for buying power and margin is still in CAD (+90%). When I am profitable, I plan on converting the USD gains to CAD on a monthly--maybe even weekly--basis. This way I am not exposed to long-term currency risk. Not sure if any of the above is helpful at all, but I've documented it here for future reference. Best of luck!