We get htis a lot on our site the answer to Asic Knowledge Assessment Questionnaire Etoro….Concerns that i speak with new investors what if you’re brand new to investing you merely do not wish to choose what you actually want to invest and you desire someone to do it for you there’s only a number of ways that that can occur the firstly you can work with a financial investment portfolio supervisor they’ll typically charge a quite 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 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 a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume since i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative as well so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real companies if you select to in this particular video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made earnings 14 months in a row invest in 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 element that is probably.
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popular for it’s the option to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually say i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for example 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 charges involved truly crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly these are real companies 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 websites then may not charge you for really buying and selling funds or etfs individual products private stocks.
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there’ll be charges on other parts possibly 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 charges with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with charges truly crucial to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling okay so commission fees are totally free nevertheless there are a number of other costs the very first one is withdrawal costs so you can undoubtedly put cash in now if you’re in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash so you sell 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 naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you may state fine that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those choices that they have a great deal of platforms undoubtedly 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 once every 6 months you understand depends completely how you’re investing but that is a fee to remember the second charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s great that matches 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 great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading 2 and two free trade anybody this is basic they have i expect stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they really 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 give me us dollars rather you need to pay their fees now the great aspect of however when you’ve converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really great using that part of their site will not definitely restrict you in any way nevertheless we need to understand two other fees 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 show you
on is essentially the distinction that belongs to the investment platform in between the buy cost 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 site right now tesla’s dollar worth 599 per share in tesla that really indicates that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the current price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state alright well why does that occur it simply 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 wish to sell it and that is how they make a bit of cash on those spread out fees it’s generally exceptionally 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 task is called an
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overnight fee now this is really essential if you’re in fact using cfds yourself too an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re in fact buying the precise asset rather than utilizing utilize anyway you will not get hit with these fees however these costs are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the help area this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some added fees naturally depending on what you are purchasing too this is on your own so keep that in mind however complete charges are totally within their help information all right and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact using these copy functions they don’t have any extra costs on top of the regular fees that
are there now what you require to bear in mind though is these potentially handled by other individuals entirely or in some cases have produced portfolios you have actually got a genuine person doing the management you need to make certain you select the individual that’s right for you just like any type of work this is your monetary properties so we absolutely need to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash 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 won’t need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a fantastic alternative for you again to evaluate the theories alright you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it obviously you might have lost out on gains and losses throughout that time naturally if you had invested your genuine money it enables 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 really how to copy people and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just implies am i alright with potentially losing a good amount of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose money however that similarly means they’ll lose at some point in their journey certainly individuals do make money also and i’ve got videos all about how you can ensure you are among the people to in fact make money but in this situation make sure you research your threat level would you be fine giving your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to in fact look for somebody that you elegant actually following so let’s see possibly we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually met 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 certainly there are a number 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 indicate somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another method to really deep dive if we click this person for instance 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 rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine actually that i invest in too which is excellent so in fact for me understanding what i like to invest in 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 likewise got a little bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production business as that. Asic Knowledge Assessment Questionnaire Etoro.
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