We get htis a lot on our site the answer to Etoro Australia Questionnaire Answers….Concerns that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the to start with you can work with a financial investment portfolio supervisor 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 naturally you can purchase mutual funds specific funds are created 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 an overall please bear in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you really get utilized to the structure of the website and then when you’re ready to utilize 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 genuine companies if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they have actually made earnings 14 months in a row buy these options because you think is the best ones for you which being said let’s dive straight in [Music] The 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 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 typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your money will be simulated 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 cash in so we’re going to likewise cover is the fees involved actually critical you understand what are the costs of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for in fact buying and selling funds or etfs private products specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 in fact start investing in copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with fees truly crucial to understand these now on there’s a number of charges there isn’t costs to do with really buying and selling fine so commission charges are free nevertheless there are a number of other costs the first one is withdrawal costs so you can clearly 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 however when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those alternatives that they have a lot of platforms undoubtedly 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 as soon as every six months you know depends entirely how you’re investing but that is a cost to remember the second cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’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 charge now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they in fact 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 state provide me us dollars instead you have to pay their costs now the terrific thing about however when you have actually converted your cash you do not need 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 preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s truly good utilizing that part of their website will not certainly restrict you in any way nevertheless we have to be aware of two other charges the very first being what’s called spread fees alright and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform between the buy rate and the list price all right 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 value 599 per share in tesla that actually implies that when you wish to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind obviously 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 say alright well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread costs it’s usually incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last feat is called an
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over night charge now this is actually essential if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re really buying the exact property instead of utilizing utilize anyway you will not get hit with these charges however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the aid area this isn’t the overnight charges 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 over night or you’re doing over weekends and that just applies as i said to cfds there are some service charges naturally depending upon what you are buying as well this is on your own so keep that in mind but full costs are completely within their help details fine and we discussed as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of in fact utilizing these copy functions they do not have any extra costs on top of the typical fees that
exist now what you require to keep in mind though is these potentially managed by other individuals entirely or sometimes have actually created portfolios you’ve got a genuine individual doing the management you have to ensure you choose the person that’s right for you much like any line of work this is your monetary properties so we absolutely need to ensure 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 number 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 real cash or a virtual platform virtual ways 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 credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a great choice for you once again to test the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it certainly you may have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it enables you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real 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 pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i mean by that certainly 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 simply implies am i alright with potentially losing a great quantity of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 people will lose cash however that equally indicates they’ll lose at some time in their journey clearly people do make money as well and i have actually got videos everything about how you can make sure you’re one of the people to really generate income but in this situation ensure you research study your threat level would you be fine giving your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying completely if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may 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 utilize this too really easily over here you can copy people now it will give you a lot of options and you can use the system to really search for somebody that you elegant really following so let’s see perhaps we desire someone from unified kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has met that requirements and it does provide you a threat factor 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 rather high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance 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 verify are you all right with this and off you go now another way 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 really 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 good to know ibm paypal yep she’s definitely like kind 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 in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Australia Questionnaire Answers.
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