We get htis a lot on our site the answer to Etoro Questionnaire Answers….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the firstly you can work with an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 quite innovative you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you really get utilized to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger 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 undoubtedly your capital is at risk and we have to bear that in mind do not simply do something since that person has said they have actually made earnings 14 months in a row purchase these choices due to the fact that you believe is the ideal ones for you and that being said let’s dive directly in [Music] so the important 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can in fact state i want to do precisely what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests if for example 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 charges involved actually vital you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for in fact buying and selling etfs or funds private commodities private 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 fees associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know prior to you actually begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s kick off with fees actually crucial to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission charges are complimentary nevertheless there are a couple of other charges the first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you sell your shares you offer your commodities 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 make sure that i’m only withdrawing when i definitely require to now you might say all right that’s rather expensive and i get that however 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 choices that they have a lot of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends completely how you’re investing however that is a charge to remember the 2nd fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and 2 open market anybody this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they actually giving 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 say offer me us dollars instead you have to pay their fees now the terrific thing about however when you have actually transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as money 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 fees so that’s truly excellent utilizing that part of their site will not definitely restrict you in any way nevertheless we have to understand two other costs the very first being what’s called spread costs okay 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 price 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 website right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time 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 provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out costs it’s typically extremely 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 cash now the last accomplishment is called an
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overnight cost now this is actually crucial if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy sell deal in the same day fine there’s then an over night charge charged and even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which means you’re in fact buying the exact possession rather than using leverage anyway you will not get hit with these costs but these charges are if you’re using 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 state if you enter into the assistance section this isn’t the over night charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some surcharges obviously depending upon what you are buying too this is on your own so keep that in mind but full costs are completely within their assistance information fine and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they don’t have any additional charges on top of the regular charges that
are there now what you need to keep in mind though is these potentially handled by other individuals totally or sometimes have actually created portfolios you have actually got a genuine individual doing the management you need to make sure you choose the person that’s right for you just like any profession this is your financial properties so we absolutely need to make sure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different options for us first off 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 believe 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 essentially have this virtual portfolio mimic as if you are utilizing your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a great option for you again to check the theories all right you may wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it certainly you might have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it permits you to construct confidence comprehend the platform so that’s one choice 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 remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i imply by that obviously 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 good quantity of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly implies they’ll lose at some point in their journey undoubtedly individuals do generate income also and i’ve got videos all about how you can ensure you’re one of the people to actually earn money however in this circumstance make sure you research your risk level would you be fine offering your money to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wishing to be that risky don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too truly easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually search for somebody that you elegant in fact following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually satisfied that criteria and it does offer you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you fine with this and off you go now another way to in fact 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 actually purchasing 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 sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Questionnaire Answers.
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