Welcome to Questrade. In this video we will give you a step-by-step walkthrough of the Questrade
Edge Web level 1 quote screen overview page. This page provides you with important information
about a stock, or ETF that can help you make buy, hold, or sell decisions depending on your goals.
To get started, first log into your Questrade account.
To access the level 1 quote screen overview through the web platform, you will need to enable
Questrade Edge Web. If you have Questrade Edge Web enabled, you can access it at any time by clicking
the green "Trade" button. If you don't currently have access to Questrade Edge Web, follow the link
in this video's description to learn how to enable it. Enter a stock or etf you are interested in,
in this case we will use Apple. Stocks displayed are for illustrative purposes only.
Now that we have Apple up in quote overview, you will see that a number of key statistics are
provided. These statistics work together to give you a detailed view of the stock's performance.
The level 1 data points are best understood in relation to one another.
To get started, let's look at bid and ask, as well as bid size, and ask size. Together,
these data points help you determine the buying and selling interest in the market right now.
The bid price is the highest price investors are willing to pay for the symbol right now,
the ask price is the lowest price investors are willing to sell this symbol for right now.
Since stock markets function like an ongoing auction, the size of the bids and ask can also
be informative. The bid size, and ask size reflect the amount of shares investors are
willing to buy or sell at the current bid and ask prices respectively. Over the day as shares change
hands, the volume field keeps a tally of the number of shares traded so far today.
Comparing this to the average trade volume, which is typically calculated over the last 30 days,
may help you identify any unusual interest or activity.
While the bid and ask tell you about what the security price is doing right now,
you may also be interested in where it has traded recently. This is where the next section of the
quote overview page comes in handy. "High" is the highest price for this symbol so far today,
"Open" is the symbol's first traded price when the market opened today, "Low" is the lowest price for
the symbol so far today, and "Previous close" is the symbol's last traded price on the last trading
day. These fields work together to give you even more context on notable recent price levels,
so you can compare them to the current bid and ask to inform your investing decisions. If you want a
longer-term perspective, the 52-week high is the symbol's highest price in the last year, and the
52-week low is the lowest price in the last year. Beyond price and volume information, the level 1
screen also shows a variety of fundamental data points that work together to help you understand
the current valuation of a symbol. "Market cap", also known as "Market capitalization",
is the total value of all shares for this symbol. It is calculated by multiplying the number of
shares shown in the shares field, which represents the total amount of shares issued by the company,
by the last price. A few more valuation data points of interest include: "P/E", the price
earnings ratio. This ratio compares the symbols current share price to its earnings per share.
"P/E" shows how the symbols valuation compares to other symbols in the same industry.
"EPS", or earnings per share, is a way of looking at the amount of money the company has made
in relation to how many shares it has issued. To calculate this, we divide the company's net profit
by the number of shares it has on the market. "Earnings date" is when the company is scheduled
to release its next financial report. The level 1 field can also tell you important information
about dividends. The dividend field shows you the total dollar amount of the dividend paid.
The dividend is in the currency of the symbol. The "yield" is the annual dividend value divided
by the current price. The "Ex dividend date" tells you the date by which you need to hold
fully settled shares of the company, to be eligible for the next dividend payout.
Finally, the level 1 screen also shows data points related to the borrowing costs, and requirements
of the security you're looking at. This is most relevant if you have a margin account
and intend to borrow to invest. "Borrow rate" is the price you need to pay each day if you
want to short sell a stock in this symbol. Short selling is when you sell a stock you don't own.
Long MR, or long margin requirement, is the percentage of the value of the trade
you need to have as buying power in order to enter a long position.
Buying on margin means borrowing money from Questrade to buy a security.
Short MR, or short margin requirement, is the percentage of value of the trade you need to have
as buying power in your account in order to enter a short position. Short selling on margin means
borrowing money from Questrade to sell a security you don't own. Please note that additional
information on a stock's performance can be found below the level 1 quote screen. By scrolling down
you can access our research tools and informative widgets, such as smart score, analyst ratings,
and news analysis. For more in-depth information on these tools, please follow the links in the
description below. We hope you found this video helpful. For more informative videos on how to
navigate your Questrade accounts, please check out the other videos on our youtube channel.