We get htis a lot on our site the answer to Etoro Questionnaire Answers….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely do not want to choose what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the first off you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is obviously 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because 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 consider that option also so you really get used 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 purchasing genuine companies if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something because that person has actually said they have actually made profit 14 months in a row buy these choices since you believe is the ideal ones for you and that 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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well-known for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually state i wish to do exactly what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved really important you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are real 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 no fee sites then might not charge you for in fact buying and selling etfs or funds individual products private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal 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 finally some finest guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees really crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling fine so commission charges are totally free nevertheless there are a number of other costs the first one is withdrawal fees so you can certainly put money in now if you remain 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 later on but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just one of those choices 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 largely it can be perhaps even once a year when every 6 months you know depends totally how you’re investing but that is a cost to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow 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 fee now when you use anyone so if you’re using trading 2 and two free trade anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they in fact offering you in regards to 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 give me us dollars rather you need to pay their fees now the terrific feature of though when you’ve converted your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash 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 additional costs so that’s truly good using that part of their website will not certainly limit you in any way nevertheless we have to be aware of 2 other charges the first being what’s called spread fees alright and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is basically the distinction that is part of the investment platform between the buy price and the sale 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 means that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing price of tesla is the worth of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly 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 alright well why does that happen it just does that is the nature of a lot 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 cash on those spread out charges it’s usually extremely 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 money now the last feat is called an
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over night cost now this is really crucial if you’re really utilizing cfds yourself as well an overnight fee is when you’re not doing that buy offer transaction in the same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which indicates you’re in fact purchasing the exact property rather than using utilize anyhow you won’t get hit with these fees but these costs are if you’re using leverage and cfds and then 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 assistance section this isn’t the overnight 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 over night or you’re doing over weekends which only uses as i stated to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are totally within their help info okay and we talked about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of in fact using these copy operates they don’t have any extra charges on top of the regular fees that
exist now what you require to bear in mind though is these potentially handled by other people completely or often have actually created portfolios you have actually got a genuine individual doing the management you need to make sure you pick the person that’s right for you just like any profession this is your financial assets so we definitely need to make certain it’s the right 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 choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a fantastic choice for you once again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it obviously you might have missed out on gains and losses during that time of course if you had invested your real money it allows 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 in fact how to copy individuals and copy portfolios now here’s something to remember prior to you select someone 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 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 means am i alright with potentially losing a great quantity of this financial investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly means they’ll lose at some point in their journey undoubtedly individuals do generate income as well and i have actually got videos all about how you can make certain you’re one of the people to in fact make money but in this situation make sure you research your threat level would you be alright offering your money to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more standard 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 say you can really utilize this too actually quickly over here you can copy people now it will offer you a lot of choices and you can use the system to really look for somebody that you expensive in fact following so let’s see perhaps we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has satisfied that requirements and it does offer you a danger aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather 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 4 or minus 50 there’s no chance 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 verify are you okay with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying 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 great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is good so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Questionnaire Answers.
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