Interactive Brokers for dummies

Thank you Guillaume! I will contact them

Did you fund your account and have the funds?
Do you have a margin or cash account?

Hi San Francisco, yes, I have funds in the account, it is a cash account. Thanks

You did convert them to the ETFs trading currency (prior to making a buy order), did you?

Hi San_Francisco, yes, I did

Hello,

I have another beginners question, When I want to buy some ETFs at IB, I get a message saying I should request permission.

Should I do this? What are the risks of clicking there?

Thanks

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Yes.

Well, you should understand what you are doing and don’t complain if the value your investment goes down.

Hi Dr. PI. Thank you for taking the time to answer.
I am asking because i want to.understand it. Would you like to help?
Thank you in advance

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Well, what can I tell? No. I am not answering basis questions that are covered by basic FAQ of Interactive Brokers or where answered in this forum.

Check the IBKR for dummies thread.

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What the others said ^

And try not to open a new thread for each question which can be asked in an existing generally matching topic.

Thank you all, in particular to Cortana who indeed helped me.

Have a nice day ahead.

I’ve noticed a change in the IB web interface, US ARCA(VT) the quote button is gone and the data seems live/real time for free.

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Yeah, I noticed now the quotes are free and real time price and that the snapshot price has gone. Thanks IB :smile:

An ETF or shares denominated in EUR bought monthly over the last year which are now at 0 gain/loss in EUR, would show an approx. 7% loss in CHF, yes about right.

According to the exchange rate you would have bought at an average of about 1.075 CHF/EUR (starting at 1.11 decreasing to 1.04) in that timeframe.

Current exchange rate 1.00.
Loss in CHF =7%

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According to the quoted price, and the price is quoted in EUR.

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This just means long term everyone gets the same gain in real term. Just ignore the currency impact for equity investment.
Hedging costs the delta of interest rate between currencies, and that (long term) aligns with how currency appreciate/depreciate against each other (if it didn’t there would be arbitrage opportinuties).

Short term there can be more fluctuation, but then it’s market timing.

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Sorry if it was asked before, is there a way to set an anutomatic DCA in IBKR?

Simple answer: it is not really allowed.

Complex answer: in Traders Workstation you can create orders that become active at a preset time. If you are brave, you can create market buy orders that will be executed once they are released.

Newbie question. My apologies if this is answered somewhere else (if possible, please point me there)

As it’s now tax declaration time, where in IB can I get/generate an end of 2021 valuation and dividend PDF to put in my tax declaration?
I have been searching and clicking around in Reports and so far unsuccessful.

I assume I am being stupid in not finding how to get the PDFs as everyone would want these at the end of the year.

Thanks