Etoro Trading Knowledge Assessment Answers – Turtles of Trading

On this post you’ll find the answer to Etoro Trading Knowledge Assessment Answers….Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can take place the firstly you can work with an investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular 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 too now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not simply presume since i use 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 option too so you really get used to the structure of the site and then when you’re ready to utilize your own cash 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 genuine business if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has said they have actually made revenue 14 months in a row buy these options since you believe is the right ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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 don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can really state i wish to do precisely what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that suggests if for instance 10 of their 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 costs included truly critical you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero cost websites then may not charge you for actually buying and selling funds or etfs private commodities private stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with costs really essential to comprehend these now on there’s a number of charges there isn’t charges to do with actually buying and selling all right so commission charges are totally free however there are a number of other fees the first one is withdrawal charges so you can undoubtedly put money 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 on but when you wish to withdraw your money so you offer 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 five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may say okay that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends entirely how you’re investing but that is a cost to remember the 2nd cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s great that suits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and two open market anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they actually providing 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 give me us dollars instead you have to pay their charges now the great feature of however when you have actually converted your money 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 indicates the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their website will not certainly restrict you in any way nevertheless we have to understand two other charges the first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is basically the distinction that becomes part of the investment platform in between the buy rate and the sale 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 worth 599 per share in tesla that in fact means that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state all right 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 which is how they make a little bit of money on those spread fees it’s usually exceptionally small 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 feat is called an

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over night charge now this is really important if you’re in fact using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which indicates you’re in fact buying the specific asset rather than utilizing leverage anyhow you will not get hit with these costs however these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the assistance section this isn’t the over night fees 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 uses as i said to cfds there are some additional charges obviously depending upon what you are purchasing also this is on your own so keep that in mind but full fees are completely within their aid info alright and we discussed in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of really using these copy operates they don’t have any extra costs on top of the regular charges that

exist now what you require to keep in mind though is these possibly managed by other people completely or often have developed portfolios you have actually got a genuine person doing the management you need to ensure you select the individual that’s right for you similar to any line of work this is your monetary possessions so we definitely 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 want to utilize this function we’ve got a number of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods 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 charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your real money maybe this is an excellent alternative for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual option as a method to kind of safe have fun with it clearly you may have missed out on gains and losses throughout that time of course if you had invested your real cash it allows you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i okay with possibly losing a great quantity of this financial investment or getting as

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well now remember whatever 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 similarly implies they’ll lose at some time in their journey undoubtedly individuals do make money too and i’ve got videos everything about how you can ensure you are among the people to actually generate income but in this situation make certain you research study your risk level would you be alright giving your money to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t choose someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities

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like gold or even oil plus more conventional etfs and index funds you may 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 actually use this too really easily over here you can copy individuals now it will offer you a lot of options and you can use the system to in fact search for someone that you expensive in fact following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually met that criteria and it does provide you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other 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 confirm are you okay 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 purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the sort of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Trading Knowledge Assessment Answers.

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