hey guys it's adrian here the canadian in a t-shirt and today i'll be breaking down the new
quest trade investing platform i'll be showing you guys how to navigate this new design and
how to buy stocks step by step i'll go over the biggest changes and i'll share my thoughts on
the new look and feel and for those of you who prefer the old version stick around until the
end of the video where i'll show you how to easily switch back to the old platform as you guys know
Questrade has been my favorite online broker in canada for many years and their interface has been
fairly consistent throughout but just last week questrade launched their new quest mobile app for
smartphones and with that they also revamped their web-based app for laptops and computers
which they now call questrade trading this is a whole new redesign and they're really focused
on streamlining the whole investing process especially for beginners the new web app is
much cleaner and more simplified they only present the absolute essential bare bones information to
the user i'll show you guys in a minute that the entire investing platform is contained in one
single screen there's no tabs or switching between screens all of the information and actions
required to buy or sell stocks or to view your portfolio summary it's all available at all times
in front of you i think that this is a fantastic option for beginners who can be easily overwhelmed
by a ton of numbers on the screen and this web app closely mirrors the quest mobile app so it
offers a more seamless experience for users who trade on both their smartphones and their laptops
but for more advanced investors like myself this bare-bones approach might be too simple personally
i love seeing all of the detailed information on the screen i love scrolling through my entire
portfolio sorting my positions by different metrics and customizing the different columns
this is why i loved the old questrade look and feel but the good news is that the old platform
is still there it's now called questrade edge and at the end of the video i'll show you how to
switch back overall i'm happy with these changes and i'm so glad that they're keeping the old
version as well now you have the choice you can enjoy the simple and streamlined new experience
or for veterans like myself you can enjoy the more familiar and comprehensive questrade edge so
really everyone wins i've already talked about in my past videos on why i love questrade and this
new freedom of choice is just one more reason but make sure you check out my past Questrade videos
to learn the benefits of questrade the fees to expect and for a step-by-step walkthrough on how
to buy stocks how to open an investing account how to invest in the u.s market and other great
features like the cheapest way to convert canadian dollars into us dollars using norbert's gambit how
to transfer money from your bank into questrade how to transfer money between Questrade accounts
and how to deposit money instantly so make sure you check those out and as always i'll include
my referral link in the box below and that will get you fifty dollars in commission free trade
rebates when you sign up that saves you 50 dollars and you help to support my channel so with that
let's jump into the new questrate investing platform so we log into questrade and you'll
notice that nothing here has changed here we see the account summary and all the options at the top
like account activity and funding your account that's all unchanged the only actual changes are
to the trading platform which we access by hitting the green trade button this is what's new and this
is the brand new redesigned trading platform and you'll notice that everything you need
is all on one page before you had different tabs showing your cash balances showing your
orders and a list of your positions now there's no tabs everything is here all the one screen
we start off by showing a quick summary of our account as a whole here in the top left corner
you can choose which account to look at but by default we're looking at all accounts so right
now this is showing us a snapshot of our portfolio as a whole across all accounts combined together
in canadian dollars this number right here the 162 thousand dollars is the current market value
of my portfolio as a whole this means that if i decide to sell all of my stocks and etfs right now
this is how much cash i would make and here's some other key numbers here is today's p l this is how
much money your stocks have gone up or down in value over the course of the day so since
9 30 in the morning when the stock market opened some stocks went up some stocks went down but you
can see that in total my overall portfolio went up about 155 dollars or 0.1 percent over the course
of the day this is just short-term performance so please don't stress out about this number
what i really care about is long-term performance and you can see that here with the open p l this
represents how much capital gains i've earned at this moment so since my stocks went up in value
if i decide to sell all of my stocks i would have made almost 22 000 in profit or capital
gains but i don't actually get this money until i decide to sell you can also see here a line graph
showing a visual representation of how my portfolio has grown over time and i can choose
different time frames from 15 days one month three months six months a year or since i started
it's a great visual aid to show you a quick snapshot of how you're doing so this is all my
accounts combined together but if we click on the top left we can select a particular account and
today we're going to be looking at my rrsp account everything is the same as before but now we're not
looking at my whole portfolio we're only looking at my rrsp account and so the numbers are smaller
down here we also see our net deposits so i've contributed out of my own money
65 000 into my rrsp the buying power is how much cash i have available to purchase stocks with
right now if i want to see more account details click the see details button here here you can see
my total equity how much my rrsp account is worth and my available cash in fact i just deposited 500
into my rrsp account 10 minutes ago using questrate's instant deposit feature so click the
pop-up at the top right to watch my video tutorial on how to make instant deposits with questrade
you'll also see here my total deposits into my rsp as well as my total withdrawals you'll notice here
that i have no withdrawals on my rrsp and that's because i do not want to ever withdraw money out
of my rrsp until i'm retired and in a lower tax bracket and here we have the buying power
which for an rrsp is essentially the amount of cash we have available in a margin account
the buying power is a little more complicated because it also takes into account the amount
of money that you can borrow from quest trade i'll be making a whole video on how the margin
account works and how to invest with borrowed money all the numbers you see on the screen here
are combined and canadian that means that my u.s stocks have been converted into canadian dollars
and combined in total you can also do the same thing for combined in u.s dollars or if you want
to separate your canadian stocks from your u.s stocks you can select canadian only or u.s only
in today's video i'm only going to be buying canadian stocks so i only care about my canadian
dollar cash and you can see here that right now i have 515 canadian available in cash so that's how
you can see your account balances now in this right section we can see the account holdings
these are all the stocks and etfs that i hold in my rrsp account and this right here is one of the
biggest changes in the new version of the quest trade platform in the old version you had a whole
separate page just for your positions where you saw a detailed spreadsheet of all of your stocks
and etfs with a huge variety of metrics and you could sort them and customize them as you wish
this here is a very stripped down and simplified and honestly superficial version of that list
if you're a beginner and you only have a few holdings this is fine it's simple clear and easy
to read but if you're like me and you have dozens of holdings and you want to see more detailed
information this list doesn't do it and that's why i prefer the old version and at the end of
the video i'll show you how to switch back to the old version but here is the new version all of my
stocks and etfs are listed in alphabetical order based on a ticker symbol you can see here apple
is at the top and we see the most essential bare bones information we have the ticker symbol apple
and the company name apple inc we own eight shares and here is the current market value in the given
currency in this case us dollars so at this moment my eight shares of apple stock are worth in total
1143 us dollars and this number right here shows me my percentage profit or loss so since i bought
my apple stocks it's gone up about thirteen point five nine percent and if i click on it it converts
it into a dollar amount so this tells me that my apple stock has gone up by 13.59 percent
or i've made 136 in capital gains if i sell the stock if i want to see the information on the
share price i click the symbol price button and now instead of seeing how much all of my
shares are worth i only see how much one share is worth so currently one share of apple stock costs
143 us dollars this number right here shows you how much the share price has gone up or down
over the course of the day so since 9:30 a.m this morning and you click it to see this number as a
percentage or a dollar amount so this is a list of everything that you own but you can also click
here to build a watch list of stocks and etfs that you don't own so let's say i want to make a watch
list of my favorite us tech stocks and i'll add facebook i'll add microsoft and i'll add amazon
and since these are stocks that i'm looking to buy i can now quickly look them up in a list
without having to manually search for each of them every time so if you want to buy a stock you just
have to search by the company name or the ticker symbol in the case of facebook i can search by
ticker symbol fb or company name facebook and when i click on it you'll see that this area
used to show me my portfolio summary and now it shows me the share price of the stock facebook
here you can see the company name facebook inc and it's traded on the nasdaq which is one of the
two largest u.s stock exchanges and the current share price right here is 330 us dollars so if
i want to buy the stock i want to make sure that i have us dollars and if i don't have us dollars
check out my video on norbert's gambit to see how to convert canadian dollars
into us dollars without paying any currency conversion fees and as before i can change
the time frame of this line graph looking at over the course of one day all the way to several years
and at the bottom here we can see some of the most basic metrics for analyzing a stock such
as the previous closing price the opening price for this morning the low and high over the course
of the day as well as the 52-week low and 52-week high on the right side we have the dividend amount
along with the dividend yield if the stock were to pay a dividend but facebook doesn't
we also have some fundamentals like the price to earnings ratio the earnings per share and
the market cap and if i was looking up a stock that i actually own at the bottom here i would
see more information on my position in the company so to look up a stock that i own like
apple i could either search for apple or i can go to my positions and just click on apple right here
and if i scroll down to the bottom you'll see a more detailed summary of my apple holdings and if
i scroll down to the very bottom you'll see a list of relevant news articles that relate to apple
if i'm done looking at the stock and i want to go back to my portfolio summary just click the close
button here now it's time to actually buy stock so first we have to search for the stock that we're
gonna buy so i search for CAR.UN this is canadian apartment properties reit i've already
talked about the stock in detail in my video on the best canadian reits to invest with so check
that video out to see why i'm going to invest in it so to buy this stock we click the green
buy button and now it gives me a choice i can choose between two options either a limit order
or a market order with this new streamlined design you can only choose between these two order types
if you want more sophisticated order types you'll have to use the old platform questrate edge
i've already made a whole video tutorial showing how to buy stocks and explaining the different
order types so make sure you check out that video here i'm going to be going through the steps a
little quicker and i won't explain everything in detail but here's the short version a market
order is usually what i recommend it just means i want to execute the trade immediately which means
i will pay whatever the current share price is at this second a limit order means i want to control
what price i'm willing to buy this share for right now the share price of this stock is 58.67
if i think that's too expensive i could do a limit order and let's say i want to buy 10 shares but
i'm not willing to pay 58 dollars per share i'm only willing to pay a maximum price of 55
per share now this limit order will not execute right away i'll only actually buy the stock when
the share price drops to below 55 and that might never happen that's why i prefer to do a market
order because i'm guaranteed to buy those stocks as soon as i click the button as long as i have
the cash available and the stock market is open remember the stock market is open between 9:30 a.m
and 4 o'clock p.m eastern time monday to friday so i'm gonna do a market order and i click next
i have a buying power of 550 canadian but this is a combination of canadian dollars and u.s dollars
since i'm buying a canadian stock i only want to be using canadian dollars to avoid any currency
conversion so we click this and we change to canadian dollars only so in pure canadian
dollars i have 515 dollars available as cash to buy stocks with so i bring up my calculator and
i enter our cash amount 515 but i am buying a stock and so i'm going to have to take away the
five dollars in commission fees so i only have 510 dollars available to buy stocks with now i click
snap quote at the top right to refresh the share price and i divide by the current share price
of 58.67 so i have enough cash for 8.7 shares but i can't buy a fraction of a share and so i
have to round down so i can only buy eight shares eight shares will cost me 469 dollars but i have
515 available so i have enough so we click next and this is the confirmation window i want to
buy this stock immediately so it's going to be a market order in my rrsp account i'm going to
be buying eight shares at this price it's going to cost this much and i'm gonna be paying about five
dollars in commission fees so we click place order and boom we can see a pop-up window in the bottom
my order has been filled so i just bought those shares and now i own eight more shares of the
stock and you can see i now own 31 shares so there you go that's how you buy a stock on questrade
so that's how you navigate the new streamlined platform if this new interface is too basic and
you prefer the old version don't worry it's very easy to switch back and here's how you do it
if you want to go back to the old version which is now called Questrade edge here's what you do you
click on accounts and then all platforms and then here at the top right you click on quest trade
you can use Questrade edge as a web app or as a downloadable desktop app but we're going to
use the web app version and all you have to do is click this green add Questrade edge button
and don't worry it's totally free so now we just click add and there we have it questride
edge is enabled and if i want to go back to the new streamline version i just click the
red remove Questrade edge button so Questrade edge is activated so when i click the green
trade button it takes me to the familiar Questrade platform that we know and love here we have the
balances tab where we can see my total equity and available cash in both canadian and us dollars
separately and together and when we go to the positions tab we can see a list of all the stocks
and etfs that i own in my rsp account with much greater detail and information presented and we
can sort all these holdings however we want and we can customize which columns to show i love having
all this information on the screen which is why for me going forward i'm going to be using the old
version Questrade edge but if you prefer the new streamlined design go for it you have the choice
in this video i've shown you guys a little glimpse into my rrsp portfolio but if you want to see my
full portfolio reveal for both my tvsa account and my rrsp account hit the join button down below to
gain access to my exclusive members only videos so there you have it that's how you navigate the new
look and feel of questrade and how to switch back to the old version that we know and love
i've been a huge fan of Questrade for many years and it's great to see that they're still making an
effort to improve and add new features and if you don't have an account and you want to get
started with questrade click my referral link in the box below and you'll get fifty dollars
in commission free trade rebates for the first 30 days when you sign up that basically means that
your first 10 stock trades will be commission free that saves you $50 plus i'll get a small referral
bonus as well and make sure you check out my other Questrade tutorials for more in-depth step-by-step
walkthroughs thanks for watching guys and be sure to like comment and subscribe if you found
this video helpful every thumbs up and comment really does help me build this channel on youtube
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thanks everyone and i'll see you guys on the next episode of the canadian in the t-shirt bye guys