In this work, signal space diversity (SSD) method is exploited for a simple two-way relay channel (TWRC) with two end users mutually exchanging information. In order to ensure simplicity, the same rotation angle and interleavers are used under SSD framework. Also the well known decode-and-forward (DF) and amplify-and-forward (AF) protocols are adapted for the proposed TWRC. The analytical symbol error rate (SER) performance of the proposed scheme is evaluated for DF and AF protocols individually and evaluated through simulation results. The proposed scheme is shown to improve the performance of TWRC in terms of SER for both two protocols.