Etoro Knowledge Assessment 2021 | MBC

We get this a lot on our site and the answer to Etoro Knowledge Assessment….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you really want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the firstly you can work with a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 keep in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing

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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t just presume since i use 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 use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in real business if you select to in this specific video we’re talking about how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something because that person has actually said they have actually made earnings 14 months in a row invest in these options since you believe is the ideal ones for you and that being said let’s dive straight 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 incredible we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can actually state i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their investment portfolio is 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 really vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly 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 a few of the no fee websites then might not charge you for in fact buying and selling etfs or funds private products individual stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with charges actually crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling all right so commission costs are free however there are a couple of other fees the very first one is withdrawal charges 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 automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those choices that they have a great deal of platforms obviously are complimentary 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 6 months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk which’s great that suits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and two open market anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they really giving 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 say provide me us dollars instead you need to pay their fees now the great feature of however when you’ve transformed your money you do not have to invest it right now that dollar worth can sit 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 charges so that’s truly excellent using that part of their website will not definitely restrict you in any way however we have to be aware of two other fees the first being what’s called spread costs okay and i’m going to show you what i imply on now a spread cost as i’m going to show you

on is essentially the difference that is part of the investment platform in between the buy cost 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 today tesla’s dollar worth 599 per share in tesla that in fact means that when you want to offer or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges is the difference 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 purchaser’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say okay 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 offer it and that is how they make a little bit of money on those spread out fees it’s usually extremely small 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 bit money now the last feat is called an

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over night charge now this is really crucial if you’re in fact utilizing cfds yourself also an overnight cost is when you’re not doing that buy offer deal in the very same day alright there’s then an over night fee 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 actually buying out the etf the stock the commodity and using time one leverage which implies you’re actually purchasing the precise asset rather than using utilize anyway you will not get hit with these fees however these charges 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 exact same day so let’s say if you go into the aid area this isn’t the overnight costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i said to cfds there are some service charges of course depending upon what you are buying as well this is on your own so keep that in mind however full fees are entirely within their help info alright and we spoke about along with complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually using these copy operates they do not have any extra costs on top of the regular charges that

exist now what you need to keep in mind though is these potentially managed by other people totally or in some cases have created portfolios you have actually got a real individual doing the management you have to make sure you pick the individual that’s right for you much like any kind of work this is your monetary assets so we definitely require to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not

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feeling comfy with using your genuine cash perhaps this is a great alternative for you once again to check the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to construct self-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 actually how to copy people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest 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 risk just indicates am i fine with potentially losing an excellent quantity of this financial investment or gaining as

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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that similarly indicates they’ll lose eventually in their journey clearly individuals do make money as well and i’ve got videos all about how you can make certain you are among individuals to actually make money however in this situation make sure you research your risk level would you be alright giving your cash to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that risky do not pick someone who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong products

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like gold or 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 state you can in fact use this too really quickly over here you can copy people now it will give you a great deal of options and you can use the system to actually search for someone that you fancy in fact following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everybody who has met that requirements and it does give you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns

remember it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way 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 confirm are you fine with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really 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 little bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is excellent so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Knowledge Assessment.

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