Etoro Knowledge Assessment – Turtles of Trading

On this post you’ll find the answer to Etoro Knowledge Assessment….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you in fact want to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the to start with you can work with a financial investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 an overall please remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing

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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not simply assume due to the fact that i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you actually 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 threat this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something since that individual has said they have actually made revenue 14 months in a row purchase these choices because you believe is the best ones for you and that being said let’s dive straight 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 belongs to 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 unbelievable we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that indicates 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 fees included truly crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly 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 some of the zero fee websites then may not charge you for actually buying and selling etfs or funds specific products private 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 kinds of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you really begin buying copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs really essential to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling alright so commission costs are complimentary however there are a number of other charges the very first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want 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 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might state okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms undoubtedly are totally 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 when every 6 months you understand depends completely how you’re investing but that is a fee to remember the second cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s fine that matches 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 cost now when you use anybody so if you’re using trading 2 and two free trade anyone at all this is basic they have i expect stuck to whatever cost 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 cost is there what are they actually giving 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 state provide me us dollars rather you have to pay their charges now the fantastic aspect of however when you’ve converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means 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 great using that part of their site won’t definitely restrict you in any way nevertheless we need to know two other fees the very first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread fee as i’m going to show you

on is generally the difference that is part of the investment platform in between the buy rate and the list price fine 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 value 599 per share in tesla that actually implies that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind obviously 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 say okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference in 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 out charges it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last accomplishment is called an

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over night fee now this is really essential if you’re really utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy offer deal in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re in fact purchasing the specific property rather than utilizing take advantage of anyhow you won’t get hit with these costs but these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the help area this isn’t the over night costs information you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some additional charges naturally depending upon what you are buying also this is on your own so keep that in mind however complete fees are entirely within their assistance details all right and we discussed in addition to free to deposit in however 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’ve said copy trading and copy portfolios are 2 various methods of actually using these copy operates they don’t have any additional charges on top of the regular charges that

are there now what you need to keep in mind though is these possibly handled by other people totally or often have actually developed portfolios you have actually got a real individual doing the management you need to make certain you choose the individual that’s right for you just like any line of work this is your monetary possessions so we absolutely need to make certain 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 have actually got a couple of different options for us to start with 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 have fun with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real cash maybe this is a terrific choice for you once again to check the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it obviously you may have lost out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to return 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 prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply means am i alright with possibly losing a good quantity of this financial investment or acquiring as

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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose money but that equally suggests they’ll lose eventually in their journey certainly people do earn money also and i’ve got videos all about how you can ensure you’re one of the people to really make money but in this scenario ensure you research study your threat level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products

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like gold or even 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 in fact use this too actually quickly over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really look for someone that you expensive really following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has met that criteria and it does offer you a threat element also 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 quite high returns

remember it resembles 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 could make 4 or minus 50 there’s no way to guarantee 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 all right with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent 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 actually that i purchase too which is great so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears 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 Knowledge Assessment.

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