Interactive Brokers (Web Portal) Tutorial | Beginner's Guide

hey what is up guys so glad to see all of your smiling faces so in this tutorial i'm gonna show you how to use the interactive brokers web portal so that you can get up to speed with the functions and features for you to start trading and investing and this will be a pretty long video so stick around i will also leave a timestamps down below for you to skip to the relevant section so without further ado let's jump right into today's content [Music] so the first thing i want to show you here is the home page this is where you get an bird's eye view of your entire portfolio so log into your interactive brokers and at the home page you will see on the left-hand side your portfolio this is your account number and your settle cash and your buying power buying power means the cash that you have to buy your stocks right now so keep in mind when you sell your stocks when you get extra cash or when you find extra cash into your account you need to wait for the cash to settle before you can buy for the case of cash accounts and that is slightly different on the margin account but today we are going to talk about cash accounts so you will just do with that and then of course you have the deposit and withdrawal function for you to find and withdraw from your account and on the right side you can see that there is this daily p l thing so daily p l actually it's pretty simple p l stands for profit and loss so when it goes up in terms of green color it's actually profit and when it goes down in terms of red color it's actually lost so when your stocks go up in value your portfolio will most probably be in green and vice versa for the opposite and nav change actually mean net asset value or in other words we call it the total value of the portfolio so pretty simple what's the changes in your portfolio value if you have been constantly investing and funding your account you should be able to see that your portfolio value is increasing over the time so also you can change to the performance step as you can see this is my time weighted return for one year and you can also set up benchmark to show the how your portfolio is performing against the popular benchmarks so like for example i set the s p 500 index as you can see my portfolio has been under performing the smp 500x by quite a lot and this is most probably because my portfolio is very heavily weighted towards tech stocks in terms of tesla so yeah i mean this is something that i don't really mind in the short term i'm investing for the long term so this is just something that you can play around with so you can also add a few other indexes as you wish right so this is a good way for you to benchmark whether your portfolio is performing or not now moving downwards there's nothing much down here this is your dashboard but i view of a lot of the functions that you can find later so i'm not gonna spend too much time here you can see your portfolio positions you can see what are the stocks in your watch list you can manage your account a quick few buttons to reports transaction status to transfer funds to withdraw deposit trade request trading permissions and your account settings and stuff and that's pretty much it and you can also add and edit widgets here with this button and you can just add anything that you want in your dashboard so that you can have oversight view when you enter your account so that's pretty much it for the home page now the next thing you want to go to is the portfolio tab so click portfolio we will want to just go into the positions so as you can see a portfolio is where you park your stocks etfs your options and all the assets that you have in your portfolio whatever you bought in open position so let's look at here net liquidation value this means that what is the value of your account if i choose to liquidate all of the assets so net liquidation value is also the total value of your account which is a sum of the total amount of cash you have plus the total amount of the order market value of your stocks and etfs right now which is a good way to gauge where is your portfolio standing right now so daily pnl this is the realized profit and loss so if you are actively trading like in day trading or swing trading you should have a realized p l here when you buy and sell stocks this is where you realize your gains and losses but if not you will see unrealized p l here moving every single second when the market is open so this is where you look at whether your portfolio is performing or underperforming for that particular day which is not a big deal but it's a good way for you to gauge as well and the next thing you see is access liquidity this doesn't really matter this is mainly for margin accounts so we just ignore it and the main thing that you want to look at is uh here so this is where you look at your stocks and assets and stuff so you can actually customize your columns here according to this button but more on that later so instruments stands for your stocks or your etfs and whatever so as you can see i have apple i have rg etf rk you know coinbase square and tesla and stuff and this is for instrument tab so aapl is the ticker for the company apple incorporation so position stands for how many stocks of positions you have in that particular stock so if i have 50 apple shares it will show 50 position but if i have like one shares of apple it will show one position so pretty simple so last this is the last trading price so pretty simple but just keep in mind all the prices and data shown on your interactive brokers platform is delayed by at least 10 to 15 minutes so you actually need to subscribe to the market data which can cost like 10 to 20 us dollars per month if you want to get real life market data but to be honest it doesn't really matter if you are investing for the long term and you are just buying and holding the short term prices shouldn't matter as much you can get away with free sources such as google finance marketwatch investing.com trading view and whatever there are so many resources out there there are near life prices right so daily p l pretty simple as i mentioned before change percent so this is like your p l but in terms of percent so cost basis this is your cost basis so if you bought like two shares of apple 150 us dollars per share your cost basis will be 2 times 150 which is 300 us dollars so that is your cost basis and your market value so for example if that particular stock price of apple is like 160 us dollars per share right now so you have gained 20 us dollars in total so your market value will be around 320 dollars for two app per share so that is the market value so average price this is the average price of the cost that you pay for apple so your average price in this case would probably be 150 us dollars per share and then unrealize pnl as i mentioned before this is unrealized profit and loss so if it's like 160 right now your unrealized p l is green color plus 10 us dollars pretty simple right so this is not the amount that you have gained you actually have to sell it to realize your profits right so same goes this is unrealized p l in terms of percentage and this is percent of net liquidation value which is the percent of each position or stocks in my portfolio so as you can see apple is 12.4 of my portfolio and tesla is about 49 of my portfolio so to customize this step pretty simple go to these three buttons uh click edit columns then there you can see you can edit whatever you want so i pretty much just set it as default the only thing that i had is this position and p l i like to add this unrealized p l so that i can see where my stocks and you know positions are standing at least i know whether i'm in the greens or in the rates for the particular stocks right so you can save and that's all you have to do so at the bottom this is the cash step so pretty simple depending on which currency you find your account you will see your cashier and also the base currency for your account so for me i fund my account in sync dollar so i will show sjd and then us dollar is the base currency of my account so whenever we want to buy any stocks for example if i want to buy u.s stocks i need to have cash in u.s dollars right so i need to convert my sync dollar to us dollars before i trade u.s stocks and keep in mind each conversion comes at a cost of two us dollars per conversion so this is definitely a good idea to convert your currency in a lump sum rather than for each trade which will save you a lot of money in the long run right so performance as like just explained before and yeah i mean in pack dashboard this is more on the esg so i'm not gonna touch about it so that's pretty much it you need to know about the portfolio tab [Music] now the next thing i want to talk about is a stock analysis or the stock research so let's say you want to research about apple you can go to this top search bar and search apple which is aapl or you can just type in apple right so look for apple in listed on the nest deck market so click into it this is a snapshot of apple incorporation so everything you need to know about apple will be here so at the top left corner we have the sticker the company name uh nasdaq marker and this is a delete data of the current share price of 143 and 81 cents so currently i'm recording on uh monday night which is the opening day uh trading day for us market so they just open so as you can see the numbers will change from time to time right as you can see here so nbo this is the national best beat and offer so uh pretty simple the best ass and bit price will be shown here to put it in the layman's term bit stands for buying when someone wants to buy something they will give you an offer so they bid for it and us is the opposite when someone wants to sell something they will ask whether someone wants to buy at this particular price so people will always want to buy at a cheaper price and people will also want to sell at a much expensive price which is why the bid will always be lower than the ask price so there you go you can see that people are actually asking for 143 and 86 and buying for 143 and 83 so that's about it and on the right hand side this is more on the fundamental step i will show you in a bit and on the left hand side here this is the technical chart right so as an investor i don't dabble too much with this chart but i can just show you a pretty simple way to you know do some pretty simple charting and stuff so you can change the way you want to look usually i look at the candles candlesticks so if you haven't learned about trading i think definitely this is a good thing to learn about trading and investing you know even though you don't trade and you don't actively trade this will really help to improve your knowledge regarding the entire stock market as a whole and how to interact with each other so looking at here for example i want to add let's say my favorite will be rxi the relative strength index so i typically like to buy when the rsi is around 40 to 45 which usually means it is nearing to oversold so the high chance of it bouncing up is higher so like for example now you can see the apple is around 60 which is slightly overbought so it's pretty heated right now so this is probably not the time that i like to buy so this is just one of it there obviously there's a lot of way to play with rsi in terms of divergence and whatnot but i'm not going to go to that rabbit hole today right so that is for your homework to do if you want to trade actively so on the right hand side you can buy and sell but more on that later i'll show you how to buy and sell and yeah and this is pretty much the basic information the market value which i think i will censor this is the market value of the stocks that i have in my portfolio the number of shares and stuff and on the right side we have hot news regarding apple are there any news circulating around this company and you can also read about the news here so this is actually pretty live update so this is definitely a good way for you to get updated to the company on a lifetime basis so if you are really into the news you want to know what's happening what's in the run for the particular store this is definitely a good way for you to stay updated and apple events as you can see the upcoming important dates usually they have option expiry dates which will have a lot of volatility in the market plus some earnings date so apple is actually having their next quarterly earnings call at 20th july so also a good idea for investors to have an idea what's coming up for the company and below the chart what's the two days open and closing price what's the high and low well obviously the market is still running so they will need to refresh this data what's the 52 week high and low what's the volume like today in terms of million it's still trading right it's still at 3 million and it's 84 million for average traded shares in terms of volume and volatility and whatnot so this is a snapshot of the company what the company does and the market cap p ratio but what's the more interesting thing is the research step as i've mentioned earlier so let's go into the research step this is where you get a full overview of the fundamentals of the company as an investor right so if you're an investor this is definitely the type you want to go what the company does the snapshot of the ratios the financial and stuff so let's go to the key ratios as you can see here this is what i love about interactive brokers if i want to compare like pe normalize trailing 12 months so i just click into it it will show me the competitors what are the industry comparisons that i can have you know obviously this is not the best no one actually compares apple and fitbit or you time limited right but for other companies i find it like for example baidu google they do compare each other so i think that's a pretty good idea for you to get a rough idea of what's the competitors the key players of a particular industry is doing so same goes to any other key ratios out there you feel free to explore it yourself i think this is definitely a good way for you to get up to speed to the ratio so that you have good idea in mind of how the company is performing or value at right so dividends for you dividend investors out there this is definitely a tech we would love you can see what are the historical dividends what's the actual versus the estimate what's the price what's their payout ratio what's the industry comparison they pay around 0.5 and when is the next dividend paying date what's the dividend amount so this is definitely a good way to gauge where the company is doing in terms of dividends whether they pay or not then financials income statement balance sheet cash flow statement definitely something that you will get hang of it even though other websites do provide the same thing but if you can have everything under the same roof i think it's a good way for you to gauge the company's financial and stuff then you have analyst rating which i don't really use that much just take it with a pinch of salt and at least forecast and rating and stuff they are most likely good to know but not necessarily accurate right so everyone has their own opinion so just take it with a pinch of salt and analyst forecasts you know news ownership of the company i think this is a good way for you to look into the company's insider who owns the company what's the percentage of the ownership institutions how many shares they own institutions are only about 58 of apple and then who's the strategic investors individual investors which is a good idea of letting you know who are the guys running the company right so that's about it for the stock analysis i think that's about it there's nothing much we can do here so that's all for the stock analysis and the next thing i want to talk about is watches so i know a lot of you love to have a lot of stocks in your watch list so for example you want to create a new watch list let me just delete this watch list so let's create a new watch list so just click new watch list and i'll just name it like and subscribe like and subscribe let's say i want to look at apple so i just insert apple this on nasdaq and maybe i want tesla tesla is also listed on nasdaq and maybe microsoft msft listed microsoft corp on nasdaq as well so there you go i've added so i can click save all right so as you can see i have microsoft tesla and apple in my particular wall street and same goes to etfs and whatever you can do the same tool like so let's just add a few more stocks and etfs into it so i want to add let's say rk pardon me okay or our favorite smp 500 atf usually we go by the name cspx this is the my favorite island domicile etf and maybe vo which is the vanguard smp 500 etf so this is a good idea for you to add and you can just save and there you go uh all these stocks that you like to keep an eye on will be here and also on your home page where you have your watch list in your dashboard right so this will sync across your devices your ipad your mobile device and you can just analyze them on the go and that's pretty much it for the watch list obviously you can play around this like you have new watch list market scanner bond scanner and etc i mean i will leave it to you i don't do much of bond and mutual funds i just look at stocks and etfs so that's pretty much where i look at in terms of watchlist [Music] so now we go into the section that i think most of you will be most interested in so this is how to buy a stock so you can go to any type you can obviously click into this trade there and go to stocks but for simplicity just click on the trade tab so this is your order ticket so whenever you want to buy anything you need to file and order a buy order to buy anything and likewise for selling you need to file a sell order so in this case i'm filing a buy order ticket so for example i want to buy one share of apple so let's say i want to buy aapl i just click in the sticker apl and then it will show me what is the buy order right so apple is currently trading 142.96 so as i've mentioned before this is delayed data go get yourself the real-time data so if i want to buy i'll click buy order and quantity let's say i have to buy one share i will just click one quantity and if you want to buy one shares you click one quantity but if you want to buy in fractions for example if you can't afford 140 us dollars of apple right you can click in terms of fractions so click in usd so for example i want to buy half of apple i can only afford 75 us dollars so i'll just type 75 us dollars this will be around 0.5 shares or apple and this is only available for ib care pro account and i know a lot of you have been asking me about ib care like that one is actually available for u.s residents only so back to that i actually just want to place one order i'm not actually gonna buy it but i will show you i will place a buy order at a particular price which mostly won't match but anyways other type this is what you want to how you want to place your order so usually i use limit and market i don't use mid price or the other stock or stock limit market on close limit on close they are pretty fancy usually for traders but for investors you can just look at limit or market right so for limit very simple if you want to buy apple at 130 us dollars per share you use limit limit you will set the price at a particular number so that when it hits the number it will place the trade for you so for market this is where you place market buy order regardless of the price right now so for example apple is trading at 142 so if you want to buy one apple share regardless of its price at this moment right now you click market right then it will just match for you the closest asking price for you so click limit if you want to buy apple so limit price for me will be 130 us dollars so i will be buying one apple share at 130 us dollars so for price management algorithm just take it this is so that you don't have a mistake any numbers and so it will help you to prevent any of those callous basics for example you want to buy apple at 1 300 you may step at one additional zero this thing will actually stop your trade and tell you that you are making a mistake so i'll just keep it thick for a moment and time in force so that's good to cancel at the opening and day so uh usually you will want to use day so for example you want to place a buy order for 130 us dollars per share of one per share use day if you want to have that order active for the one particular day so for example the market just open if i place a trade for a day the buy order will be active for the entire day until the end of the trading day which is the end of this monday right so at the end of the day if it doesn't feel or the order doesn't go through the order ticket will expire then you will need to place a new order ticket but when it comes to good deal cancel you will need to just place the trade for once and then you can forget about it until you cancel it or it fills the trade so let's say you just want to buy apple at 130 us dollars per share because you think that's the fair value of apple go ahead go with good till cancel place 130 us dollars and forget about it until maybe down the road you have a change of mind you think apple should be you know value 135 us dollars per share then you go and cancel or modify your trade you can always do that right so at the opening this is usually used for traders it will only place your order active at the opening moment of the market if the order doesn't go through it will cancel the order and the order will expire so i usually use day pretty simple and outside rth this is regular trading hour so for the u.s market as you know u.s trades at 9 00 a.m to 4 30 p.m so outside rth means four hours before and after of the regular trading hour which is 9 30 a.m to 4 30 p.m so you can actually trade that this is a feature that a lot of brokers especially in international broker they offer this feature so this is also called pre-market trading in case you're wondering and before you place your order by clicking this preview there is this attached orders where you can attach your profit take or your stop loss so if you let's say you bought apple 130 us dollars per share you think apple is worth 150 and you want to stick your profit there at 150 just take this button and make sure you put your limit price your price target limit price at 150 dollars per share so that will make a profit of 20 us dollars for you and when you want to put this go to cancel or whatever that is and you can also take outside rth up to you right so for stop loss similar if you want to control your losses you don't want apple to like suddenly plunge one day down to 50 per share when you're asleep in the asian market and you have no idea that the stocks are plunging so much so this is a way for you to stop loss usually companies like apple you won't have something like that happening but usually when it comes to like meme investing you know or for active investors to manage their risk this is a strategy that they use to manage their losses so that they stop losses they cut their losses and re-enter the market with a brand new strategy but mostly for traders but if you want to use be my guest i don't use it but you can use it so stop-loss definitely you want to step a stop-loss below your buying press so when i bought 130 i think i want to stop loss at let's say 115 us dollars so your cut loss will be 15 us dollars and time in force outside of the ish up to you again you'll till cancel and whatnot right so once you are ready you make our mind i'm ready to buy the stock 130 us dollars per share click preview so this is the order ticket review and confirmation page before you transmit the order now you can just review your order you are buying one apple share at 130 us dollars per share this is your order type is limit your limit price is 130 your time in force for the order is day your commission will be 35 cents if you are in the tiered pricing structure if you have no idea what is a tiered or fixed pricing structure do visit my previous interactive brokers video i explained it there for you guys already so your total will be 130 dollars plus 35 cents so your total per trade will be 130.35 cents us dollars nothing much here when you're ready just click transmit order and they will say the bid and ask price are now displayed in shares only you want to submit this other blah blah blah you can click accept and you're trying to submit an order without having market data so it's it's again it's reminding you that you don't have the market data and you're looking at a delayed pricing data it's totally all right you can just click accept it's just a warning message so there you have it your order has been submitted and you will have to wait for your order to be filled before you got your stock so usually when you place a trade that is like 130 us dollars where the market price is 143 it's very unlikely you will match but this is just to show you how to place your buy order and if you usually place a buy order at a price very close to 143 dollars you will get your matching within the first few seconds or minutes or maybe hours right so for high liquidity stocks like apple there isn't really much to worry about and when you are done you can just click done and when the order is filled it will just notify you with the bell button or you can just look at your portfolio it will appear in your stock's portfolio [Music] all right now the next thing i want to show is how to sell your stocks uh it's the same thing as buying order but actually you're attaching a sell order right now so for example to sell my apple stock right going to click into my apple and just click sell then you have this other ticket popping up so quantity let's say i want to sell one share of apple at one shares of apple order type of limit and i click the price management i'll go let's say i want to sell at 190 us dollars per share so again time in force i will just use day because i love day and outside rth i love trading pre and post market and when you are done click preview then this is it shows you the same detail again and with the commission fee so buy is 35 cents sell is 35 cents a minimum per trip for interactive brokers so when you're ready just click transmit order and that's all you have to do is the same warning message but uh nothing to worry about so your sell order is has been transmitted that's all you have to do uh just wait for your order to be sold right [Music] so now i've shown you how to set up your portfolio your watch list how to buy and sell stocks now i want to show you how to convert your currency as i mentioned earlier if you want to trade in any particular market you need to have the currency in the exchange so for example how to trade us stocks i have to have u.s currency right so click on the trade tab and go to convert currency so as you can see right now i want to convert my sync dollar to us dollars and as you can see i have a thousand three hundred sing dollar so from i will click sync dollar and i want to convert to us dollar so click the currency at one us dollars and i want to and apply the entire balance of 1.3 k so apply the entire balance and then as you can see i will get around 963 dollars in us dollars so when you're ready just click submit and that's all you have to do in terms of converting currency they will say order submitted then they will fill your order so it's pretty fast if you are trading during the market hours it will usually be done by a split second so that's all you have to do in terms of commenting currency and same goes to any other market hong kong dollar euro great britain pound is the same process so i usually like to convert when i have like few thousand sing dollar at one go so that i can limit my conversion fees [Music] alright the next thing i want to show you is to deposit the withdrawal i actually have individual videos to show you how to find your account whether you are from malaysia or whether you are international audience so if you are from malaysia click on this video on the left hand side and also if you are from any other countries i also have a video to show you how to find your account click on this video at the right hand side and to withdraw i also have a dedicated video on that so you can also click on this video where you can learn how to withdraw from your interactive broker's account so just a quick overview here let's say you want to deposit let's say sync dollar so click on the deposit and they will show you transfer funds you will most likely have this screen showing you the select a new deposit method and by default it will be us dollars but since interactive brokers accepts like 23 currencies which is pretty cool so i can actually find it in sync dollar which is cheaper for me if i have a sink dollar account but regardless if you have any of this currency account you can also do the same it's the same as same dollar account so since i have a single account i will just click sync dollar and i will click get instructions so you will need to get a instruction from interactive brokers and it will come in the form of account number who is the beneficiary account what are the reference number you need to put in just get instruction and then put it into your bank account and just perform foreign telegraphic transfer or local transfer and that's all you need to do in terms of transfer i mean you can just watch the video that i've produced before and i will give you a more detailed explanation over there right [Music] the second last thing that i have today here is the market overview this is a good place for you to get a feeling of what the market is moving the u.s market europe market asia market what's happening the home builder sentiment which affects the material prices which will affect the commodity prices we should affect the stock prices you know everything is correlated in the stock market and scrolling down we have scanner we have today's top news what's happening the democrats budget biden's attack on facebook infrastructure bill drop why is it moving what's happening with the top gainers and top losers what's the performance by sector we have basic materials we have telecom which are down in red color financials industrials and stuff and what's happening in the equity around the world so apparently all the stock market is down right now in red color so i'm gonna start shopping very soon after i film this video and when you scroll downwards you have sovereign debt this is usually in the form of bonds so when the bonds go into green color usually the equity the stock market will go into red color so bond and equities they are you know counter react sometimes and foreign exchange and staff volatility and that's all you have in this market step it's pretty fun you can explore it yourself i mean the sky is the limit you can get tons of information when it comes to a certain region or markets or countries so definitely a good tip for you to gain more knowledge and gain more exposure to the international market [Music] okay and the last thing on today's menu will be customer support right so whenever you have any questions or have any doubts or have any problems obviously you can leave a comment down below or dm me via instagram but to do it a more professional way to get a better and more accurate answer it's always a better idea to approach the interactive brokers live chat support so go to this help button and go to support center and you can actually initiate a live chat with the interactive broker support so when you reach here scroll downwards then you will have this web ticket you have phone support you have chat room i would suggest you to use the chat room chat with the live representative my experience with them so far is pretty good it takes me around sometimes three to five minutes to to connect with a live chat so you can definitely do that and just don't be mistaken with the bots this is the real person talking to you in lifetime as opposed to the bot which usually answers you in terms of faq questions right so that's pretty much it in terms of the entire web portal and the last tab we have here is the learn tab so in the learn tab you have this trader workstation international and client portal the trader workstation is actually a trading platform for the traders active traders so if you are an investor you don't usually need that kind of software but it's okay you can download it i just don't find it very helpful and intuitive i actually prefer the web portal and the ib cara mobile app and i also have a tutorial on my ib camera mobile app so feel free to check out in the link in the description box below so that's pretty much it for the interactive brokers web portal i've pretty much shown you all the necessary functions and features that you need to know to start trading and investing so if you have any questions you can always dm me on instagram or leave a comment down below and also i will be interested to know what you have learned from this video did you find it helpful all the videos that i made is hopefully to help you as a beginner to start trading and investing in the international market so i hope this video helps and if you did a little like for the youtube algorithm will be pretty much appreciated and thank you very much for watching stay safe stay invested and as usual i will see you in the next one [Music] you

Channel: Ziet Invests

Views: 35,721

Keywords: interactive brokers, ibkr, interactive brokers tutorial, ibkr tutorial, ibkr client portal, ibkr web portal, td ameritrade, tiger brokers, webull, ziet, ziet invest, ziet invest interactive brokers, ziet invest cimb, ibkr beginner, ibkr trading for beginners, ibkr tws tutorial, ibkr tws, ibkr review, interactive brokers malaysia, interactive brokers trading platform, ibkr platform, ibkr platform review, how to use interactive brokers, interactive brokers mobile app, ibkr tips

Id: d3lbID8A-Yc

Length: 32min 30sec (1950 seconds)

Published: Fri Jul 30 2021