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Duration: 11:37

Level: Beginner

If you want to trade stocks on global exchanges, try our new GlobalTrader mobile app for an easy-to-use investing experience.

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Study Notes:

Download the GlobalTrader app to your mobile device.

  1. Tap the Sign up icon and follow the instructions create a username and password.
  2. Notice that you can log in to either a LIVE account or to a Paper trading account, where you can practice with the app and make trades without risking your own capital.
  3. Log in – enter your username and password to log in to the app.

When you log in to the GlobalTrader app you can trade stocks on more than 100-electronic exchanges around the world regardless of the currency with which you fund your account. When you buy and sell stocks in another country, the app will automatically make the currency conversion as part of the transaction.

Let’s look at the home screen and focus on different areas to visit. Across the top you will see three icons – Account, Feedback and Notifications.

Your Portfolio Value is plotted and beneath the chart you may change the period displayed by selecting a different time period.

In the middle of the screen you will see Transactions, Deposit, Withdraw, Convert, Account and Support.

Along the bottom you will see four icons. Home, Portfolio, Watchlist and Explore. And just above to the lower right of the screen you will see a quick access blue Trade button.

Let’s start at the top left and tap the Account icon.  Note the log out button to the upper right. You will see the Total Value of your account prominently in this screen. Wherever you see the information (i) icon note that you can tap to learn more about something. In this case by tapping the (i) icon to the right of the Total Value reading, you will learn more about the definitions for your Account Metrics. Tap the background screen to return. You can also Deposit and Withdraw funds to and from your account by following the detailed instructions when you tap the respective icon.

Tap the Transactions button below to see Orders, Trades and Transfer records. On the Orders tab, you can review open transactions. Tap any open order to view, use the Modify and Cancel Order buttons at the bottom of the screen to make changes. The price of the security is listed near the top of the screen – tap the (i) button for quote and volume details and metrics. Tap Done to exit. At the bottom of the screen is the estimated total for your pending order. To return, tap the X button in the upper left corner. Tap the Trades icon to see a recent transaction history. Use the back arrow at the top left of the screen to return to the Account home page.

Use the Deposit and Withdraw links, follow the online instructions to create deposits to and withdrawals from your account.

While your GlobalTrader account allows you to purchase shares priced in currencies other than your base currency, it also enables you to transfer between many other currencies.

If you funded your account in British pounds, you can convert into any other available currency by tapping the Convert icon. You may either convert and hold currency into which you want to invest, or else you can rely on the app to make the transfer at the time of the equity purchase.

Select from the list of 20 currencies you wish to convert to. Tap on your base currency balance. Input a value to convert in one of the currencies and the converted amount will display in the other currency. Tap Preview. Check the display and tap Convert. Upon conversion, your currency balances will be displayed when you tap the Convert icon.

Note the Account shortcut to get you to your Account area.

Tap the Support area to research from our FAQ page. Use the red links to access answers to commonly submitted questions. Ask a question by typing into the Search bar at the top of the screen. If you need additional assistance, use the Contact Us button to the upper right of the screen.

Finally, use the Feedback area to give the app a thumbs-up or thumbs down on something specific or submit a suggestion. Just follow the smiley faces! Return to the home screen by either tapping the back arrow to the upper left or using the Home button in the lower left of the screen.

Those buttons across the middle of the screen are quick access icons to take you somewhere specific within the Account page.

Let’s scroll down the homepage and take a look. Your Top Holdings are shown above a Watchlist. Each respective tile contains the daily percentage change for the instrument along with market cap. Tap an icon to display an intraday chart. Use the timescale below to change the display. Scroll down the page for additional news, events, market data and Analysts’ Ratings on the stock. Tap the back arrow to return to the Homepage.

In each case, you can tap Show All. For your Holdings, tapping the Show All icon will take you to the Portfolio tab displayed along the bottom. And tapping the Show All button next to the Watchlist area will take you to the Watchlist area. More on these later.

Further down the screen is a news area. The image area will load with the top 10 Companies in the News articles. Tap if you want to read an item – swipe left or right to review additional stories. Below you will see more news items. What you see is determined by whether you have the Top News icon or the Portfolio News icon tapped. Tap any headline to access and read an article. Tap the Done button to return to the Homepage. Tap Show More to access additional articles.

Tap the Portfolio icon. Your holdings are displayed in alphabetical order, along with position value and number of shares and the daily percentage change. You can resort the portfolio by taping on the column header to determine the sort method. Tap the Change % column to reorder from biggest loser on the day. Tap again to display by biggest gainer on the day. Tap the Symbol column to resort in alpha order.

Tap the Watchlist icon. You can delete any preloaded symbols or add new symbols if you wish. Scroll down the screen and tap the plus icon to add to this watchlist. Enter a company name or symbol and hit the Search button. You will see a list of symbols returned along with the exchange venue immediately to the right of the symbol.

You will notice that many symbols are quoted on international venues, so make sure to pick the correct listing. Tap the plus icon to the right of a desired symbol to add it to the watchlist. When finished, tap the X button to the upper left of the page to return to the Watchlist page. To edit the watchlist, tap the pencil icon in the upper right of the screen. Remove any symbol by tapping the red/white icon to its left. Tap Done in the upper right when you’re ready to return to the edited Watchlist.

You can search for stocks using the Explore icon to the lower right of the screen. Use the Search bar to type in a symbol or company name and tap search to display the results. Tap on a company name to view the chart. In the upper right you can see a plus sign. Tapping once will add it to your watchlist. Now tap the checkmark to deselect from the watchlist. The Explore area also includes top movers and news within a sector under the Popular Lists area. Tap the Energy icon, for example, and see a set of icons displaying companies with the greatest share price increase on the day. You can tap through a company to view the chart, just as you can from the Portfolio and Watchlist screens. Beneath you will find sector specific news articles. Tap a headline to view the article.

Trading

Let’s look now at entering an order. The blue trade button appears most of the time when you are using the app. Tap it to start a transaction. You can search for a stock or select from the prompt displaying recently viewed stocks.

Select a symbol and then tap the buy or sell button.

Choose an order type between Limit, Market and Stop. I’ll enter a limit order type and then specify the maximum I want to pay for this buy order. You can see that by tapping the price selector a new field displays below. You can type in your own price or select from the wheel to the right.

You can even make adjustments to the selected price by using the +/- buttons to the right of the limit price selector. My default number of shares is 100. To adjust, tap the number and make an edit. Once again, you may use the +/- buttons to fine tune the number of shares. The Time in Force default is a Day order. But you can change by tapping in the field and changing to Good-til-Cancelled if you wish. Tap Done when ready.

Check the lower left of the screen to see the Estimated Total value if the trade fully executes. Even though my account is funded in British Pounds, the total displayed for this Canadian stock is displayed in U. S. dollars. Tap the Preview button to the lower right and review your inputs before submitting the order.

On this page you can check your inputs for the trade, but you can also see account balances and margin impact from prior to and after making the trade. You can also see the explicit low commission due on the trade.

If you trade a security in a currency you don’t hold, we will automatically convert a currency you hold. For more information check the Disclosure.

Remember, you can trade from most places in the app just by tapping on the trade button.

But you can also initiate a trade directly from the Portfolio or Watchlist window as you view a symbol. Here, with a stock selected from the Watchlist, just tap the stock, select buy or sell. Select the order type. Determine your price for order types other than market. Define the number of shares to trade and make changes if desired to the time in Force. Tap Preview. When you have verified the details tap the Submit button at the bottom of the screen.

Remember, if you want to make adjustments or even cancel an open order, from the home screen, tap the Transactions icon, locate and tap the Pending transaction to make any adjustments.

There is a whole world of trading opportunities made easy in the GlobalTrader app. Remember to test out its capabilities in the paper trading version so you can become familiar with order entry and how to navigate.


Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Supporting documentation for any claims and statistical information will be provided upon request.

Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

Disclosure: Forex

There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.

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