We get htis a lot on our site the answer to Asic Knowledge Assessment Questionnaire Answers Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the to start with you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific 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 also now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative too so you really get utilized to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you select to in this specific video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something since that person has actually stated they have actually made revenue 14 months in a row buy these choices since you believe is the best ones for you which being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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famous for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of options and generally every time they make a trade they buy they offer whatever they do your money 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 also cover is the costs involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real 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 absolutely no cost sites then might not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you actually start investing in copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s begin with fees really essential to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling all right so commission charges are free nevertheless there are a couple of other fees the very first one is withdrawal charges 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 automatically 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 sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those alternatives that they have a lot of platforms clearly are free 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 as soon as every six months you understand depends completely how you’re investing however that is a charge to remember the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they actually providing 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 offer me us dollars rather you need to pay their fees now the excellent feature of however when you’ve converted your cash you do not need 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 happens now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent using that part of their site will not definitely restrict you in any way nevertheless we have to understand 2 other charges the very first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread fee 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 list price fine it’s their premium on doing both those 2 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 means that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the current cost of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage 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 sell so they’re going to offer you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread charges it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last feat is called an
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overnight cost now this is truly important if you’re really utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the specific possession instead of using utilize anyway you won’t get hit with these costs but these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you go into the assistance section this isn’t the overnight costs information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some surcharges obviously depending upon what you are purchasing too this is on your own so keep that in mind but complete charges are totally within their help info all right and we spoke about as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact utilizing these copy works they don’t have any extra charges on top of the regular charges that
are there now what you need to bear in mind though is these possibly handled by other people entirely or sometimes have produced portfolios you have actually got a real individual doing the management you need to ensure you choose the individual that’s right for you much like any line of work this is your monetary possessions so we absolutely require to ensure it’s the ideal individual for us prior to 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 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 real money or a virtual platform virtual methods 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 mimic as if you are utilizing your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money maybe this is a fantastic alternative for you again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it clearly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it allows you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest by that clearly 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 means am i fine with possibly losing a good amount of this financial investment or getting as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that similarly means they’ll lose eventually in their journey certainly people do make money too and i have actually got videos everything about how you can ensure you’re one of individuals to really earn money but in this situation make sure you research study your threat level would you be all right providing your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too really easily over here you can copy individuals now it will give you a great deal of options and you can utilize the system to really search for somebody that you fancy in fact following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually satisfied that requirements and it does give you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
keep in mind it resembles 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 easy as clicking the copy button and off you go and then you know ask you to confirm are you all right with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really purchasing 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 understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so really for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise 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. Asic Knowledge Assessment Questionnaire Answers Etoro.
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