So to start the answer to Etoro Questionnaire Answers….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not want to choose what you in fact wish to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the to start with you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your earnings 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 also now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine business if you select to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that person has said they’ve made earnings 14 months in a row buy these options because you think is the right ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can actually say i want to do exactly what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees included truly critical you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no cost websites then might not charge you for in fact buying and selling etfs or funds private commodities individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 prior to you in fact start investing in copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs really crucial to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling alright so commission charges are free nevertheless there are a number of other charges the very first one is withdrawal fees so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those options that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends completely how you’re investing however that is a cost to bear in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and two open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they really offering you in terms of 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 need to pay their charges now the great aspect of though when you have actually converted your cash you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really good utilizing that part of their site won’t definitely limit you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is basically the distinction that belongs to the investment platform in between the buy price 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 today tesla’s dollar value 599 per share in tesla that really means that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you state 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 want to sell it and that is how they make a little bit of money on those spread fees it’s normally extremely little 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 money now the last accomplishment is called an
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over night cost now this is truly important if you’re in fact using cfds yourself too an overnight fee is when you’re refraining from doing that buy sell deal in the exact same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing 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 means you’re in fact buying the exact asset rather than utilizing utilize anyhow you won’t get hit with these charges but these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you enter into the aid area this isn’t the overnight charges 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 and that only uses as i said to cfds there are some service charges of course depending on what you are purchasing too this is on your own so keep that in mind but complete charges are totally within their aid info fine and we talked about as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact utilizing these copy operates they do not have any extra fees on top of the regular charges that
exist now what you need to bear in mind though is these potentially handled by other people totally or in some cases have actually developed portfolios you’ve got a genuine person doing the management you need to ensure you select the person that’s right for you similar to any type of work this is your monetary possessions so we absolutely need to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are using your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a terrific option for you again to evaluate the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time of course if you had actually invested your genuine cash it permits you to develop confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i imply by that undoubtedly 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 simply indicates am i fine with potentially losing a great quantity of this investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money however that equally means they’ll lose at some point in their journey obviously people do make money as well and i’ve got videos everything about how you can make sure you’re one of individuals to in fact generate income but in this scenario ensure you research your danger level would you be fine providing your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky don’t choose someone who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact utilize this too truly quickly over here you can copy people now it will offer you a lot of options and you can use the system to really search for someone that you elegant really following so let’s see maybe we want someone from unified kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has met that requirements and it does provide you a risk factor as well 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 people that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine really that i purchase too which is excellent so actually for me knowing 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 seems to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Questionnaire Answers.
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