Trading Knowledge Assessment Etoro Answer – Turtles of Trading

On this post you’ll find the answer to Trading Knowledge Assessment Etoro Answer….Questions that i hear from new investors what if you’re brand new to investing you merely don’t wish to choose what you really want to invest and you desire someone to do it for you there’s just a number of ways that that can happen the firstly you can work with an investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are developed once 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 remember this platform is rather innovative 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 discovering 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 money they give that alternative too so you actually get utilized to the structure of the site and then when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has stated they’ve made earnings 14 months in a row purchase these choices since you think is the best ones for you and that being stated 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 most likely.

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popular for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really state i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they buy they offer whatever they do your cash will be imitated with it so that indicates if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved truly important you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 may not charge you for really buying and selling funds or etfs individual products individual stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with costs really essential to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling okay so commission fees are totally free however there are a couple of other costs the very first one is withdrawal fees so you can clearly put money in now if you’re in the uk we put our uk cash.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum quantity 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 definitely need to now you may say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are just among those options that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you know depends entirely how you’re investing however that is a cost to bear in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s fine that suits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even 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 utilizing trading 2 and 2 open market anybody this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they in fact providing 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 state provide me us dollars instead you need to pay their costs now the great thing about however when you’ve transformed your money you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the initial 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 extra charges so that’s actually good utilizing that part of their website won’t certainly restrict you in any way nevertheless we need to know 2 other costs the very first being what’s called spread charges alright and i’m going to show you what i imply on now a spread charge as i’m going to reveal you

on is basically the difference that belongs to the financial investment platform in between the buy rate and the price all right it’s their premium on doing both those two 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 suggests that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit 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 offer so they’re going to give 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 wish to sell it and that is how they make a bit of cash on those spread costs it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last accomplishment is called an

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over night charge now this is truly crucial if you’re actually using cfds yourself as well an over night charge is when you’re not doing that buy offer transaction in the same day all right there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re in fact buying the precise property rather than utilizing utilize anyway you will not get hit with these charges but these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you enter into the help area this isn’t the overnight 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 over night or you’re doing over weekends and that just applies as i stated to cfds there are some service charges obviously depending upon what you are investing in too this is on your own so keep that in mind but full charges are entirely within their help details all right and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of really using these copy functions they don’t have any additional charges on top of the regular charges that

exist now what you require to keep in mind though is these potentially handled by other people entirely or in some cases have actually developed portfolios you have actually got a genuine individual doing the management you have to make certain you choose the individual that’s right for you just like any profession this is your financial possessions so we definitely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various 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 ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine money maybe this is a fantastic option for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it certainly you might have missed out on gains and losses during that time obviously if you had invested your real money it permits you to develop self-confidence understand 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 people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i suggest by that undoubtedly 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 implies am i all right with possibly losing an excellent quantity of this investment or acquiring as

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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly implies they’ll lose eventually 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 individuals to actually earn money but in this situation make certain you research study your threat level would you be alright giving your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities

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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too truly easily over here you can copy people now it will offer you a lot of choices and you can utilize the system to really look for someone that you fancy actually following so let’s see perhaps we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has satisfied that requirements and it does provide you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns

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

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