Etoro Asic Knowledge Assessment Questionnaire Answers – Turtles of Trading

On this post you’ll find the answer to Etoro Asic Knowledge Assessment Questionnaire Answers….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to decide what you really wish to invest and you want someone to do it for you there’s only a couple of manner ins which that can happen the first of all you can work with an investment portfolio supervisor 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 of course you can buy mutual funds specific funds are created once 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 remember this platform is quite sophisticated you can do cfds which of course cfds are methods of investing

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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you actually 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 obviously your capital is at threat this is investing we’re doing you’re investing in genuine business if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not simply do something because that person has said they have actually made profit 14 months in a row buy these options due to the fact that you believe is the best ones for you and that being said 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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well-known for it’s the choice to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved truly vital you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no fee sites then may not charge you for really buying and selling funds or etfs specific products private stocks.

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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 understand before you in fact start investing in copy trading or copy portfolios and lastly some best guidance finest 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 costs really essential to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission costs are complimentary however there are a couple of other fees the very first one is withdrawal fees so you can certainly put cash in now if you remain in the uk we put our uk cash.

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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell 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 five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state all right 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 options that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends entirely how you’re investing but that is a cost to bear in mind the second fee that i’ve touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that fits me.

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a great deal of my stocks are us dollar stocks anyway 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 charge now when you use anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really offering 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 state offer me us dollars rather you have to pay their fees now the excellent thing about however when you’ve converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really good using that part of their site will not definitely limit you in any way nevertheless we need to understand two other charges the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is essentially the distinction that is part of the investment platform in between the buy price 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 in fact means that when you wish to offer or purchase as you can see it’s not the price 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 difference then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit 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 sell so they’re going to provide you less back with your sale and you state alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread charges it’s usually extremely 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 money now the last accomplishment is called an

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overnight fee now this is really essential if you’re in fact using cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which implies you’re actually buying the exact property instead of using leverage anyhow you will not get hit with these charges however these fees are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the aid section this isn’t the overnight costs information 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 over night or you’re doing over weekends which only uses as i said to cfds there are some service charges obviously depending on what you are purchasing as well this is on your own so keep that in mind but full fees are entirely within their assistance information fine and we spoke about as well as complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular 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 ways of in fact using these copy operates they do not have any additional charges on top of the regular fees that

are there now what you need to bear in mind though is these possibly managed by other individuals entirely or often have actually developed portfolios you have actually got a genuine individual doing the management you need to ensure you choose the person that’s right for you just like any type of work this is your financial possessions so we absolutely need to ensure it’s the ideal person 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 couple of different options for us first off 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 play with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however really buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your genuine cash possibly this is an excellent option for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it obviously you may have missed out on gains and losses during that time obviously if you had invested your real money it enables you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you pick 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 risk just means am i alright with potentially losing an excellent quantity of this financial investment or acquiring as

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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally suggests they’ll lose at some time in their journey undoubtedly people do generate income as well and i’ve got videos all about how you can make sure you are among the people to in fact make money but in this scenario ensure you research study your danger level would you be fine providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that risky don’t choose someone who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities

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like gold or even oil plus more standard 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 offer you a lot of options and you can utilize the system to actually look for someone that you expensive in fact following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually fulfilled that criteria and it does offer you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns

remember it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying 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 understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is great so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the type of main food business and you have actually got you know pharmaceutical and production companies as that. Etoro Asic Knowledge Assessment Questionnaire Answers.

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