Is it possible to turn this off? If not, can it be made so that we can?
This way weād be able to see a āreal profits and lossā on the portfolio. FX impact is pretty irrelevant for buy & hold investors.
Is it possible to turn this off? If not, can it be made so that we can?
This way weād be able to see a āreal profits and lossā on the portfolio. FX impact is pretty irrelevant for buy & hold investors.
Surely itās just as relevant for ābuy and holdā?
Still impacting the value of your investment whether thatās tomorrow or a decadeā¦
Fine, yes. So Iād like to know in a decade, not everyday
Iām responding to my own thread here but, ā¦
Couldnāt the fx impact simply be an of/off toggle function in the Settings > Trading Preferences, for example? Then users could easily choose to turn it off and on at will.
You donāt have to check the FX impact. You need to tap on your return to check it. Donāt tap it.
There is no way theyāll remove it! The amount of people complaining about fx when we didnāt have it was like 5 posts a day. They added the fx imapct toggle and the posts went away overnight.
I also remember the staff saying that the little toggle is being used a lot by users, so thatās another reason they wonāt remove it.
I guess they could hide it via the settings, if enough people want it. But as others suggested, just toggle it off and donāt touch it ever again. Same thing as having the option in the settings.
No, that doesnāt work. That does not reflect the actual movement of the asset. See below:
I see Iām deep in redā¦
ā¦But Iāve actually made a small gain whereas a quick glance show a big loss.
Yes, a toggle is what Iād like to see. Then I can turn it off an on when I need to consider the fx impact - i.e. when Iām looking to sell.
Turning off the FX impact visibility will not turn FX impact aka if you mean it will show just pure capital appreciation, if stock is in foreign currency the FX will be always part of price. Recently just made visible so people know what amount is due to FX what is due to capital appreciation.
What you are asking is part of multicurrency account where you could keep investments in same currency avoiding FX.
However T212 never had option to ignore FX just show capital gains if investment is in foreign currency. It was just not visible and calculated in the gains/result.
Hmm. Iām not talking about avoiding fx impact - I know thatās unavoidable.
Perhaps the issue is multicurrencies here?
I also trade on eToro and Revolut. At the start, I convert money into USD. Thatās the only currency I then trade in. Therefore, I can see exactly (in USD) what my actual gain or loss is on any particular holding. I really donāt care about the fx impact until I want to withdraw my profits into a bank account. Why do I need to see most of my holdings in red because the dollar is sliding when, in fact, the majority of them have actually all gained in relative value as an āassetā in itself?
Wouldnāt it be handy to have the view as above from eToro and then toggle a ācurrentā value allowing for the fx impact only at the time you care about selling the holding and/or converting currencies?
Well Revolut is not a proper example, as Revolut only has investment account in USD(which you can display in local currency) plus all securities inside are USD denominated thus there is no FX impact until you sell and want to exchange USD for some other currency.
Donāt know about eToro.
But T212 has USD account, which if you use USD mostly is an option.
Otherwise FX will be there until multicurrency account are available, if they will eventually be available that is.
Yes, I hear a lot of talk about multi currency accounts upcoming.
When you say USD account, you mean itās possible to add funds in USD when you first open a 212 account? Or can I switch now from my Polish currency to the US dollar?
Aha, fyi, eToro is USD only.
Real profits and loss without FX impact are not real.
Thatās why I used the quotation marks when I said ārealā
You can open account in USD, however first you would need to close existing.
I use Revolut for conversion.
Ah, ok. Iāve got too much invested now and itās all mostly red - thanks to fx impact
Think Iāll leave it at least until multi currency accounts exist.