On this post you’ll find the answer to Etoro Trading Knowledge Assessment Answers Please Mark The Correct Statement….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you want someone to do it for you there’s just a number of ways that that can take place 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 earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 too 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 methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you actually get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so obviously your capital is at danger and we have to bear that in mind do not just do something since that individual has stated they’ve made earnings 14 months in a row purchase these choices due to the fact that you think is the best ones for you which being said let’s dive directly 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 element that is most likely.
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famous for it’s the option to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually say i want to do precisely what that trader is doing or match that exact portfolio of options and essentially 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 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 also cover is the fees involved actually important you understand what are the expenses of this now with any platform there will be some expense to certainly 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 charge websites then might not charge you for actually buying and selling funds or etfs individual products specific 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 show you the fees with in particular in this video the next would be things to know before you in fact begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with costs truly important to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling fine so commission fees are free nevertheless there are a couple of other costs 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 money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money 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 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might state okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those options that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing but that is a cost to bear in mind the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they in fact giving 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 provide me us dollars instead you need to pay their costs now the great aspect of though when you have actually converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the preliminary 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 extra charges so that’s truly great utilizing that part of their website won’t certainly limit you in any way however we have to know two other fees the very first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy price 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 site right now tesla’s dollar value 599 per share in tesla that in fact indicates that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing cost 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 manner in which they make a small amount of profit from you whenever you do a buyer’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 alright 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 wish to offer it and that is how they make a little bit of cash on those spread costs it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit money now the last task is called an
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overnight charge now this is really important if you’re in fact using cfds yourself too an overnight cost is when you’re not doing that buy offer transaction in the very same day okay there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which indicates you’re really purchasing the precise asset rather than using leverage anyway you will not get hit with these charges but these charges are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the aid area this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some surcharges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete costs are entirely within their aid info alright and we spoke about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal 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 really utilizing these copy functions they do not have any extra fees on top of the typical costs that
exist now what you require to keep in mind though is these possibly managed by other individuals entirely or in some cases have created portfolios you have actually got a genuine individual doing the management you need to make certain you pick the person that’s right for you much like any line of work this is your financial properties so we absolutely require to make sure it’s the right individual for us prior to 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 choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money 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 will not need to put in your credit card details or anything you can generally have this virtual portfolio simulate 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 comfortable with using your real cash possibly this is a terrific choice for you once again to check the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it obviously you may have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it enables you to construct confidence comprehend the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i all right with potentially losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that equally suggests they’ll lose at some point in their journey undoubtedly people do make money too and i have actually got videos everything about how you can ensure you’re one of the people to in fact generate income however in this scenario make certain you research your danger level would you be all right offering your cash to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to in fact look for somebody that you fancy in fact following so let’s see perhaps we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has satisfied that criteria and it does provide you a threat element too 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 individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not mean 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 after that you know ask you to confirm are you fine with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can in fact 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 excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Trading Knowledge Assessment Answers Please Mark The Correct Statement.
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