So to start the answer to Etoro Trading Knowledge Assessment Answers 2021….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can happen the to start with you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are produced again with an account supervisor 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 an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform do not just presume due to the fact that i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you in fact get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re talking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something since that person has stated they’ve made revenue 14 months in a row purchase these options since you believe is the ideal ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.
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famous for it’s the choice to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of options and basically each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that implies if for example 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 likewise cover is the charges involved actually crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the no charge websites then might not charge you for actually buying and selling funds or etfs specific products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with charges really important to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling alright so commission charges are totally free however there are a couple of other costs the first one is withdrawal fees so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you offer your shares you offer your products 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 of course knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply one of those alternatives that they have a great deal of platforms certainly are free 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 as soon as every six months you understand depends completely how you’re investing but that is a fee to bear in mind the second charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact providing 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 need to pay their costs now the great feature of however when you have actually converted your money you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that implies 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 additional fees so that’s really excellent utilizing that part of their site will not certainly limit you in any way nevertheless we have to be aware of two other fees the first being what’s called spread charges alright and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is generally the distinction that is part of the financial investment platform in between the buy cost and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want 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 existing rate of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last feat is called an
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over night fee now this is really essential if you’re actually using cfds yourself too an over night cost is when you’re not doing that buy offer transaction 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 just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which means you’re in fact purchasing the exact possession instead of utilizing leverage anyhow you will not get hit with these costs however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the assistance area this isn’t the overnight costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some added fees naturally depending upon what you are buying also this is on your own so keep that in mind but full charges are entirely within their assistance information alright and we talked about as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually using these copy operates they do not have any extra costs on top of the typical charges that
exist now what you require to bear in mind though is these possibly handled by other individuals entirely or sometimes have produced portfolios you have actually got a genuine person doing the management you have to make sure you pick the individual that’s right for you similar to any line of work this is your financial assets so we definitely need to make certain it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash possibly this is a fantastic choice for you again to test the theories fine you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it certainly you might have lost out on gains and losses during that time of course if you had actually invested your real money it enables you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i indicate by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk just suggests am i alright with possibly losing a great amount of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly indicates they’ll lose at some time in their journey certainly people do earn money as well and i have actually got videos everything about how you can make certain you’re one of individuals to in fact earn money however in this situation make certain you research study your danger level would you be all right providing your cash to somebody else which is efficiently 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 choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too really quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to really look for somebody that you fancy actually following so let’s see maybe we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has actually met that requirements and it does offer you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so in fact 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 bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Trading Knowledge Assessment Answers 2021.
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