Etoro Trading Knowledge Assessment 2021 – Turtles of Trading

On this post you’ll find the answer to Etoro Trading Knowledge Assessment 2021….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t wish to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are developed once 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 as well now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing

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with not actually having the total of capital so with anything that you’re learning more about please do study the platform do not just assume since 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 consider that option as well so you actually get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something since that person has said they have actually made profit 14 months in a row purchase these options since you believe is the ideal ones for you and that being said let’s dive directly in [Music] so the 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 most likely.

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popular for it’s the choice to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked 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 cash in so we’re going to also cover is the costs included really crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously these are real business 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 zero charge websites then may not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.

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there’ll be fees on other parts maybe 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 understand prior to you really begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with costs really essential to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission fees are free however there are a couple of other fees the first one is withdrawal costs so you can clearly put cash in now if you’re 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 want to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say 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 costs someplace and withdrawal fees are simply among 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 once every 6 months you understand depends completely how you’re investing but that is a charge to keep in mind the second fee that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s fine that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they in fact offering 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 say provide me us dollars instead you need to pay their costs now the excellent aspect of though when you’ve transformed your cash you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really great using that part of their site won’t certainly limit you in any way however we have to be aware of two other costs the first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you

on is essentially the difference that belongs to the investment platform in between the buy price 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 site today tesla’s dollar value 599 per share in tesla that actually indicates that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right 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 sell it which is how they make a 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 company will again make a bit cash now the last feat is called an

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overnight charge now this is really crucial if you’re in fact using cfds yourself as well an over night charge is when you’re not doing that buy sell deal in the very same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which implies you’re really purchasing the precise asset rather than using leverage anyhow you will not get hit with these costs but these charges are if you’re utilizing leverage and cfds and after that 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 assistance section this isn’t the over night fees info you can see precisely 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 which just applies as i stated to cfds there are some surcharges naturally depending on what you are investing in also this is on your own so keep that in mind however full fees are entirely within their assistance details fine and we discussed in addition to totally free 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 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of really utilizing these copy works they don’t have any extra charges on top of the regular fees that

are there now what you need to remember though is these possibly handled by other people entirely or in some cases have actually produced portfolios you have actually got a real person doing the management you need to ensure you pick the person that’s right for you similar to any type of work this is your financial possessions so we absolutely require 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’ve got a number of different choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your real money perhaps this is a fantastic option 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 alternative as a method to kind of safe play with it certainly you might have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it permits you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat 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 investments the riskier you can be run the risk of simply suggests am i all right with possibly losing an excellent amount of this investment or gaining as

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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash but that similarly indicates they’ll lose at some point in their journey undoubtedly individuals do make money also and i’ve got videos all about how you can make certain you are among the people to actually earn money however in this situation make certain you research your threat level would you be all right providing your cash to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities

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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually use this too actually easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to really look for somebody that you elegant in fact following so let’s see possibly we desire someone from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has met that requirements and it does offer you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns

bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they might 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 understand ask you to verify are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Trading Knowledge Assessment 2021.

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