On this post you’ll find the answer to Etoro Exam Answers….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the firstly 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 earnings will go to them the other thing is obviously you can buy mutual funds specific 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give 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 of course your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row purchase these options because you believe is the best ones for you which being said 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 most likely.
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popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and generally each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no charge websites then may not charge you for in fact buying and selling etfs or funds individual products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you in fact start purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees really essential to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling fine so commission costs are free however there are a number of other fees the 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 immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you sell your products whatever you’re offering 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 certain that i’m only withdrawing when i absolutely need to now you might say all right that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply one of those choices that they have a great deal of platforms certainly are totally 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 once every six months you understand depends completely how you’re investing but that is a fee to bear in mind the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk which’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 purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and 2 open market anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they really giving you in terms of 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 give 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 value can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent utilizing that part of their site won’t certainly restrict you in any way however we have to be aware of two other charges the first being what’s called spread fees all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is basically the difference that is part of the investment platform between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really means that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal 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 cash on those spread charges it’s normally incredibly 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 task is called an
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overnight cost now this is really crucial if you’re really using cfds yourself too an over night charge is when you’re not doing that buy offer deal in the same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge 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 suggests you’re really buying the specific asset rather than using utilize anyway you will not get hit with these charges but these costs 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 offering in the exact same day so let’s say if you go into the aid section this isn’t the overnight charges details 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 which just uses as i said to cfds there are some surcharges of course depending upon what you are investing in also this is on your own so keep that in mind but full fees are totally within their assistance details alright and we talked about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they do not have any extra charges on top of the typical costs that
exist now what you require to keep in mind though is these possibly handled by other people entirely or sometimes have actually created portfolios you have actually got a genuine individual doing the management you need to ensure you pick the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple 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 believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash possibly this is an excellent alternative for you again to check the theories fine you may want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had actually invested your real money it allows you to build confidence comprehend 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 really how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest 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 run the risk of just implies am i okay with potentially losing an excellent amount of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose money however that equally indicates they’ll lose at some point in their journey obviously individuals do make money also and i have actually got videos everything about how you can make certain you’re one of the people to actually generate income however in this situation make sure you research study your threat level would you be all right giving your cash to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might not desire 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 use this too really easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to actually search for somebody that you expensive actually following so let’s see maybe we desire somebody from joined kingdom um who purchases 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 fulfilled that criteria and it does offer you a risk aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure 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 fine with this and off you go now another way to really 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 really investing in 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 great to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so really 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 business that appears to be what she chooses she’s likewise got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Exam Answers.
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