So to start the answer to Etoro Asic Knowledge Assessment Questionnaire….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t wish to decide what you really wish to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying genuine companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they’ve made profit 14 months in a row purchase these choices since you believe is the ideal 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 understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really say i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that indicates if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved really important you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero cost sites then may not charge you for actually buying and selling funds or etfs specific commodities individual 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 sort of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges truly essential to comprehend these now on there’s a couple of costs there isn’t fees to do with in fact buying and selling alright so commission fees are free however there are a number of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re 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 on however when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might say alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those choices that they have a great deal of platforms undoubtedly are free 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 as soon as every six months you know depends totally how you’re investing but that is a charge to remember the 2nd charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and two free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say provide me us dollars rather you need to pay their charges now the great thing about though when you have actually transformed your money you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s really great using that part of their website will not definitely restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is generally the distinction that is part of the financial investment platform in between the buy rate and the sale price okay it’s their premium on doing both those two 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 really means that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the present price of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread out fees it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last task is called an
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overnight charge now this is truly essential if you’re in fact utilizing cfds yourself also an overnight fee is when you’re not doing that buy offer deal in the very same day okay there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact purchasing the exact property rather than using take advantage of anyway you won’t get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the help area this isn’t the overnight charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full costs are completely within their aid info alright and we spoke about as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually using these copy functions they don’t have any additional fees on top of the typical charges that
exist now what you need to keep in mind though is these potentially handled by other people entirely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you need to make certain you pick the person that’s right for you much like any type of work this is your monetary properties so we definitely need to make certain it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various 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 option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is a fantastic option for you again to check the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it certainly you might have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it enables you to construct confidence comprehend the platform so that’s one option 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 keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i all right with potentially losing an excellent quantity of this investment or gaining as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey clearly people do generate income as well and i have actually got videos all about how you can ensure you are among individuals to really earn money but in this scenario make certain you research study your risk level would you be fine providing your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too really quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact search for somebody that you fancy really following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually satisfied that criteria and it does provide you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine actually that i invest in too which is great so really for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s also got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Asic Knowledge Assessment Questionnaire.
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