We get htis a lot on our site the answer to Asic Knowledge Assessment Questionnaire Answers Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the first of all 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 revenues will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 an overall please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you actually get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real business if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has stated they’ve made revenue 14 months in a row buy these choices due to the fact that you believe is the best ones for you which being said 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 aspect that is most likely.
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popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for instance 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 also cover is the charges involved actually vital you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no charge websites then may not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be fees on other parts possibly 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 start purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees actually crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling okay so commission costs are free nevertheless there are a number of other charges the very first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say alright that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those options that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a fee to bear in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 open market anyone at all this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there 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 state give me us dollars rather you have to pay their charges now the great thing about though when you have actually transformed your cash you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great utilizing that part of their website will not definitely restrict you in any way however we need to know 2 other costs the very first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the investment platform between the buy cost and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact indicates that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur 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 wish to sell it and that is how they make a little bit of money on those spread charges it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last task is called an
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overnight charge now this is really important if you’re actually utilizing cfds yourself also an over night cost is when you’re not doing that buy offer deal in the very same day alright there’s then an overnight cost charged and 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 suggests you’re really purchasing the precise possession instead of using take advantage of anyhow you won’t get hit with these fees however these charges are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the assistance area this isn’t the overnight charges info you can see precisely 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 just applies as i said to cfds there are some additional charges naturally depending upon what you are investing in also this is on your own so keep that in mind however complete charges are entirely within their assistance details fine and we talked about in addition to complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy functions they don’t have any extra charges on top of the regular charges that
are there now what you need to keep in mind though is these possibly managed by other individuals entirely or in some cases have actually created portfolios you’ve got a genuine individual doing the management you need to make sure you pick the person that’s right for you similar to any profession this is your monetary assets so we absolutely require to ensure it’s the best person for us before 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 options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means 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 need to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is an excellent alternative for you once again to test the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it certainly you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it allows you to construct self-confidence understand 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 individuals and copy portfolios now here’s something to remember prior to you pick 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 run the risk of simply means am i all right with potentially losing a good quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that equally suggests they’ll lose at some point in their journey clearly individuals do generate income too and i have actually got videos everything about how you can make sure you are among individuals to in fact earn money but in this situation make certain you research your danger level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact use this too really quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact search for somebody that you elegant in fact following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has met that criteria and it does give you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or predictions 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 chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is excellent so really 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 kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Asic Knowledge Assessment Questionnaire Answers Etoro.
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