Asic Knowledge Assessment Questionnaire Etoro – Turtles of Trading

On this post you’ll find the answer to Asic Knowledge Assessment Questionnaire Etoro….Questions that i hear from new financiers what if you’re brand new to investing you just don’t want to choose what you actually wish to invest and you want someone to do it for you there’s only a number of ways that that can happen the first off you can work with a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 also now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you in fact get used to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something because that individual has actually stated they have actually made profit 14 months in a row invest in these options due to the fact that you think is the best ones for you and that being stated let’s dive directly 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 aspect that is probably.

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popular for it’s the choice to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for instance 10 of their financial 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 charges involved actually critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine 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 absolutely no charge websites then might not charge you for in fact buying and selling funds or etfs private products private stocks.

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there’ll be charges on other parts possibly 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 show you the charges with in particular in this video the next would be things to know prior to you actually start buying copy trading or copy portfolios and finally some best advice best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with charges actually important to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling alright so commission costs are free nevertheless there are a number of other fees the very first one is withdrawal costs so you can obviously put money in now if you’re in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you might say alright that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those options that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing however that is a charge to remember the second fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an option to purchase in euros or uk which’s fine that suits me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and two free trade anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they in fact providing 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 offer me us dollars rather you have to pay their fees now the great feature of though when you have actually converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we need to understand two other charges the very first being what’s called spread charges okay and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you

on is generally the difference that belongs to the investment platform between the buy cost and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really means that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll find this all over 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 buy than it is to sell so they’re going to offer 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 distinction between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last feat is called an

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over night charge now this is really crucial if you’re in fact utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer transaction in the very same day okay there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which implies you’re really purchasing the precise property instead of using leverage anyhow you will not get hit with these fees but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the help 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 costs then for when you’re doing overnight 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 investing in as well this is on your own so keep that in mind but full costs are completely within their assistance information all right and we spoke about as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really using these copy operates they don’t have any extra costs on top of the typical fees that

exist now what you need to remember though is these potentially handled by other people entirely or in some cases have actually created portfolios you’ve got a real person doing the management you need to make certain you select the person that’s right for you just like any profession this is your financial properties so we absolutely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i think 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 mimic as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real money perhaps this is an excellent choice for you again to test the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had invested your genuine cash it allows you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to return 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 bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i mean by that undoubtedly 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 run the risk of simply implies am i okay with possibly losing a good amount of this investment or acquiring as

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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally indicates they’ll lose at some time in their journey clearly people do make money also and i have actually got videos all about how you can make sure you’re one of individuals to in fact generate income but in this scenario ensure you research your threat level would you be okay giving your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t select somebody who’s completely 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 conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really use this too really easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really search for somebody that you elegant really following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has met that criteria and it does give you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people 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 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 basic as clicking the copy button and off you go and then you know ask you to validate are you fine with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really 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 excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine really that i buy too which is good so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production business as that. Asic Knowledge Assessment Questionnaire Etoro.

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