Jump to content

Can anyone help me understand account value vs profit?

Recommended Posts

Hi all,

 

 

I'm not quite sure about my account value numbers vs my profit numbers.

I bought some shares at an account value of £16,077. I don't quite understand why my profit is £344 and yet my account value only went up roughly by £176.

I'm new to all this so would love to be educated about why this could be?

Additional info - from the UK and bought USA shares. Commission should be at $15 and placed two purchases on the shares.

ig snipp dashboard.JPGig snipp.JPG

Share this post


Link to post

I think you'd have to get someone at IG to look into this one specifically but I can image its to do with the change in FX rates between the USD and GBP. Appreciate this thread is quite old, but this may help @Duncspur

So put simply the trade profit went up by say 2% or £200, but the actual FX difference went down by maybe 1.3% or £130 (totally arb examples there) and thus your actual account balance is only going to be 0.7% higher or £70.

  • Like 1

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      6,079
    • Total Posts
      26,693
    • Total Members
      33,889
    Newest Member
    galina2809
    Joined 23/01/19 05:15
  • Our picks

    • The pull-back is here - APAC brief 23 Jan
      The pull-back is here: The pull-back markets were waiting for – the one we inevitably had to have – has arrived. It’s risk-off across financial markets and the optimism that drove global stocks off their December lows has subsided. Relatively speaking, it’s been a day of significant downside, but nothing yet to warrant tremendous fear. It should be common knowledge, but it bears repeating: proper validation that global equities have truly established a recovery ought to be judged not by the latest high, but by where markets form their next low. The retracement which is apparently upon market participants now hands a golden opportunity to judge this market for what it truly is – have the bulls reclaimed their dominance, or have the bears lulled them into a trap, and now stand poised to assert further downside?


      The market’s rationale: A greater look at this subject and Wall Street’s price action later. In relation to the overnight sell-off, the rationale was as feeble as the one that got stocks to their recent peaks in the first place. It’s been chalked up to reduced positivity towards the trade-war, and renewed concerns about global growth. To begin with, very little data throughout the past week has provided a clear and substantial picture on economic growth. The boost in sentiment has come from geopolitical or monetary policy developments that was assumed to be supportive of the growth outlook – at some point in the future.  Some nice-noises made between the US and China in trade negotiations here, and a few dovish comments from a handful of US Fed speaker there, is what ignited the latest part of the risk-on rally.
      • 0 replies
×