We get htis a lot on our site the answer to Etoro Trading Knowledge Assessment Answers….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not wish to decide what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can occur the first off you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are created once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume because i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice too so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not simply do something because that person has stated they have actually made profit 14 months in a row buy these choices due to the fact that you think is the right ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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well-known for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included really critical you understand what are the expenses of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero charge websites then might not charge you for in fact buying and selling etfs or funds specific commodities private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know prior to you really start investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with charges really crucial to understand these now on there’s a number of fees there isn’t fees to do with in fact buying and selling okay so commission charges are totally free nevertheless there are a number of other fees the first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those alternatives that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you understand depends totally how you’re investing however that is a fee to keep in mind the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and 2 free trade anybody this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say give me us dollars rather you have to pay their fees now the excellent thing about though when you’ve converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great using that part of their website won’t certainly restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the financial investment platform between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread out costs it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last feat is called an
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over night charge now this is truly important if you’re really utilizing cfds yourself also an over night cost is when you’re not doing that buy offer deal in the very same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re really buying the specific possession rather than utilizing leverage anyhow you won’t get hit with these fees however these fees are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the help section this isn’t the overnight fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some service charges obviously depending on what you are buying too this is on your own so keep that in mind but full fees are totally within their aid information fine and we spoke about in addition to complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of actually utilizing these copy works they do not have any additional fees on top of the regular costs that
are there now what you require to keep in mind though is these potentially managed by other people completely or sometimes have actually developed portfolios you’ve got a real person doing the management you have to make certain you select the person that’s right for you just like any type of work this is your financial assets so we absolutely need to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a great option for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it obviously you may have lost out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just suggests am i fine with possibly losing an excellent quantity of this investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally means they’ll lose at some point in their journey certainly individuals do generate income too and i’ve got videos everything about how you can make certain you are among individuals to actually make money but in this situation make certain you research your danger level would you be fine providing your money to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy people now it will provide you a great deal of options and you can use the system to really search for somebody that you elegant in fact following so let’s see possibly we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has fulfilled that requirements and it does provide you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you fine with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so in fact for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Trading Knowledge Assessment Answers.
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