On this post you’ll find the answer to Etoro Trading Knowledge Assessment Reddit….Questions that i hear from new investors what if you’re brand new to investing you merely do not wish to decide what you in fact wish to invest and you want someone to do it for you there’s only a couple of manner ins which that can take place the firstly you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific 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 advanced you can do cfds which obviously cfds are methods 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 simply presume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too so you actually get used to the structure of the website and after that 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 risk this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not just do something since that person has actually stated they have actually made profit 14 months in a row purchase these options due to the fact that you believe is the right ones for you and that being said 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 probably.
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well-known for it’s the alternative to see what other traders are doing amazing we do not 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 cash we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they purchase they sell whatever they do your cash 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 cash in so we’re going to also cover is the fees involved actually critical you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no cost websites then might not charge you for in fact buying and selling etfs or funds individual products 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 type of charges 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 actually start purchasing copy trading or copy portfolios and lastly some best 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 charges truly important to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling okay so commission costs are complimentary nevertheless there are a couple of other fees the first one is withdrawal fees so you can undoubtedly put cash in now if you’re 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 in the future however when you wish to withdraw your money so you offer your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you might state fine that’s quite expensive 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 just one of those alternatives that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends entirely how you’re investing however that is a cost to keep in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option 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 excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is standard they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they actually providing you in regards to 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 offer me us dollars instead you need to pay their costs now the fantastic thing about however when you have actually transformed your cash you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial 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 additional fees so that’s actually good utilizing that part of their site won’t definitely limit you in any way however we need to understand two other fees the first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the investment platform between the buy cost and the price alright 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 worth 599 per share in tesla that actually indicates that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to offer 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 difference between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread out costs it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last feat is called an
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overnight charge now this is really essential if you’re really utilizing cfds yourself as well an overnight charge is when you’re not doing that buy sell transaction in the exact same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which implies you’re really buying the exact asset instead of using utilize 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 costs 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 overnight costs details 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 and that just applies as i stated to cfds there are some surcharges obviously depending on what you are purchasing as well this is on your own so keep that in mind but full costs are completely within their help details alright and we discussed along with complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really utilizing these copy operates they do not have any extra charges on top of the normal costs that
are there now what you need to remember though is these possibly managed by other people completely or sometimes have created portfolios you have actually got a real individual doing the management you have to make sure you choose the person that’s right for you much like any profession this is your financial possessions so we absolutely require to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of various alternatives 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 real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a terrific option for you once again to test the theories fine you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it clearly you might have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it allows you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you pick someone 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 imply by that obviously 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 just indicates am i all right with potentially losing a good amount of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose eventually in their journey undoubtedly people do make money too and i have actually got videos all about how you can make sure you are among the people to in fact earn money however in this circumstance make certain you research study your danger level would you be alright giving your money to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re buying completely if you’re somebody who isn’t wanting to be that dangerous don’t select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to actually search for somebody that you expensive really following so let’s see perhaps we want someone from joined 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 quantity and i can discover everybody who has actually fulfilled that criteria and it does offer you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest somebody 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 easy as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually buying 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 good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is great so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also 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 Trading Knowledge Assessment Reddit.
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