Etoro Trading Knowledge Assessment – Turtles of Trading

On this post you’ll find the answer to Etoro Trading Knowledge Assessment….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to decide what you actually wish to invest and you want someone to do it for you there’s only a couple of manner ins which that can occur the firstly you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are created 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 a total please bear in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing

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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t just presume since i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you in fact get used to the structure of the site 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 buying genuine companies if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row invest in these choices due to the fact that you think is the best ones for you and that being said let’s dive directly 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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famous for it’s the choice to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that implies 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 actually important you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge sites then might not charge you for really buying and selling funds or etfs individual products private stocks.

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there’ll be fees on other parts perhaps 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 show you the fees with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and finally 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 fees truly crucial to understand these now on there’s a number of costs there isn’t charges to do with actually buying and selling okay so commission charges are free however there are a number of other charges the first one is withdrawal charges 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 later however when you want to withdraw your cash so you sell 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 five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you might state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just one of those alternatives that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every six months you know depends completely how you’re investing but that is a cost to bear in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s great that fits 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and two open market anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually offering 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 state provide me us dollars instead you need to pay their costs now the terrific thing about though when you have actually transformed your cash you do not need 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 convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good using that part of their site won’t certainly limit you in any way however we need to know 2 other costs the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you

on is basically the distinction that belongs to the financial investment platform in between the buy price and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current price of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state fine well why does that happen it simply 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 little bit of money on those spread out fees it’s typically exceptionally small 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 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 as well an over night fee is when you’re not doing that buy offer deal in the very same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re really buying the precise asset rather than using take advantage of anyway you won’t get hit with these fees but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some service charges obviously depending on what you are investing in too this is on your own so keep that in mind however complete charges are totally within their aid information okay and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually using these copy operates they don’t have any extra charges on top of the typical charges that

are there now what you require to keep in mind though is these possibly handled by other individuals entirely or often have actually developed portfolios you’ve got a real individual doing the management you have to make sure you choose the person that’s right for you similar to any type of work this is your monetary assets so we definitely need to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various options for us to start with 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 cash that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your genuine cash possibly this is a terrific choice for you again to evaluate the theories all right you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it obviously you may have missed out on gains and losses throughout that time of course if you had invested your genuine money it permits you to build 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 really how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i imply by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i alright with possibly losing a great amount of this investment or acquiring as

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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash but that equally means they’ll lose at some time in their journey obviously individuals do earn money also and i’ve got videos everything about how you can make certain you’re one of individuals to actually make money but in this situation ensure you research your risk level would you be okay offering your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re investing in 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 may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too really easily over here you can copy people now it will offer you a great deal of options and you can use the system to in fact look for somebody that you elegant in fact following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has satisfied that requirements and it does provide you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety 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 four or minus 50 there’s no way to ensure 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 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 actually deep dive into what is she really purchasing 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 sort of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is excellent so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Trading Knowledge Assessment.

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