Etoro Trading Knowledge Assessment 2021 | MBC

We get this a lot on our site and the answer to Etoro Trading Knowledge Assessment….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely don’t want to decide what you actually want to invest and you desire someone to do it for you there’s just a number of manner ins which that can happen the first off you can work with a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular 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 of course cfds are methods of investing

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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not just presume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you really get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real business if you choose to in this particular video we’re discussing 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 just do something because that person has said they have actually made profit 14 months in a row buy these choices due to the fact that you believe is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.

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well-known for it’s the alternative to see what other traders are doing unbelievable we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they purchase they offer whatever they do your money will be simulated with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included really crucial you understand what are the expenses of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no cost websites then might not charge you for actually buying and selling etfs or funds private products specific stocks.

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there’ll be fees on other parts maybe 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 fees 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 recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with costs truly crucial to comprehend these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal fees so you can certainly put cash in now if you’re in the uk we put our uk cash.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money 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 make certain that i’m only withdrawing when i definitely require to now you may say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply one of those options that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you know depends entirely how you’re investing however that is a cost to keep in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s great that fits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two open market anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they actually providing you in regards to 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 costs now the terrific feature of however when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 charges so that’s truly good using that part of their site will not certainly limit you in any way nevertheless we have to know 2 other costs the first being what’s called spread costs alright and i’m going to show you what i indicate on now a spread fee as i’m going to show you

on is basically the distinction that belongs to the financial investment platform in between the buy cost and the list price okay it’s their premium on doing both those two 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 really means that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase 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 happen it just does that is the nature of a lot 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 cash on those spread 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 company will again make a bit cash now the last accomplishment is called an

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overnight fee now this is actually essential if you’re really using cfds yourself too an over night fee is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which indicates you’re really buying the specific property instead of using utilize anyway you won’t get hit with these costs but these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the aid section this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some surcharges naturally depending on what you are purchasing also this is on your own so keep that in mind but full fees are entirely within their assistance info fine and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of really using these copy functions they don’t have any extra costs on top of the typical fees that

are there now what you need to remember though is these possibly handled by other people totally or sometimes have actually developed portfolios you have actually got a genuine individual doing the management you have to make sure you pick the person that’s right for you much like any line of work this is your monetary possessions so we definitely need to ensure 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’ve got a number of various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real cash maybe this is a great choice for you again to test the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe have fun with it undoubtedly you might have lost out on gains and losses during that time of course if you had actually invested your genuine money it permits you to develop self-confidence understand 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 in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i okay with potentially losing a good amount of this financial investment or getting 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 statistic 75 people will lose money but that similarly suggests they’ll lose at some time in their journey undoubtedly people do make money also and i’ve got videos all about how you can make sure you’re one of individuals to in fact make money but in this scenario make certain you research study your danger level would you be all right giving your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely 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 want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact look for somebody that you elegant actually following so let’s see maybe we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually fulfilled that requirements and it does offer you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns

bear in mind 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 could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic 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 way 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 really investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is great so actually 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 business that seems to be what she chooses she’s also got a bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Trading Knowledge Assessment.

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