800 Etoro – Ask Mary Traders

We get htis a lot on our site the answer to 800 Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to choose what you in fact want to invest and you want somebody to do it for you there’s just a number of manner ins which that can occur the first off you can hire a financial investment portfolio manager they’ll normally charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 a total please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are methods of investing

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with not actually having the total of capital so with anything that you’re discovering please do study the platform don’t just assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that option 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 of course your capital is at threat this is investing we’re doing you’re investing in genuine 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 undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has stated they have actually made earnings 14 months in a row buy these options since you think is the right ones for you and that being stated let’s dive straight in [Music] so the important 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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popular for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that means 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 involved truly crucial you understand 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 buying the selling for you there’s going to be charges involved and even a few of the zero charge sites then might not charge you for in fact buying and selling funds or etfs private commodities specific stocks.

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there’ll be costs on other parts possibly 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 reveal you the costs with in particular in this video the next would be things to know before you actually begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with fees truly crucial to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling okay so commission costs are free nevertheless there are a number of other fees the first one is withdrawal costs so you can certainly put cash 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 want to withdraw your money so you sell your shares you offer 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 knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are just among those choices that they have a lot of platforms certainly 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 know depends totally how you’re investing however that is a fee to bear in mind the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually giving you in terms of 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 offer me us dollars instead you have to pay their costs now the terrific aspect of however when you have actually transformed your cash you do not have to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their site won’t certainly restrict you in any way however we need to know two other costs the first being what’s called spread charges fine and i’m going to show you what i suggest on now a spread cost as i’m going to show you

on is generally the difference that is part of the financial investment platform in between the buy rate 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 site today tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to sell or purchase as you can see it’s not the cost 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 costs is the difference 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 make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out costs it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last accomplishment is called an

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overnight cost now this is truly crucial if you’re actually utilizing cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the very same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which suggests you’re really purchasing the precise property rather than utilizing take advantage of anyway you will not get hit with these fees but these fees are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s say if you enter into the assistance section this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges 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 added fees naturally depending upon what you are purchasing also this is on your own so keep that in mind however full fees are entirely within their help details okay and we spoke about along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact using these copy operates they don’t have any extra fees on top of the typical costs that

exist now what you need to keep in mind though is these potentially handled by other people completely or sometimes have developed portfolios you’ve got a real individual doing the management you have to make certain you select the individual that’s right for you just like any line of work this is your monetary properties so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various 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 money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your genuine money maybe this is a great option for you once again to check the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had actually invested your genuine money it enables you to construct 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 keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend 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 investments the riskier you can be run the risk of just means am i all right with potentially losing a good amount of this investment or gaining as

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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly indicates they’ll lose at some time in their journey obviously individuals do generate income also and i have actually got videos everything about how you can ensure you are among the people to in fact make money however in this circumstance make sure you research study your danger level would you be alright providing your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re buying fully if you’re someone who isn’t wanting to be that risky do not pick someone who’s totally into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products

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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too actually easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to in fact look for someone that you elegant actually following so let’s see perhaps we want someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has actually satisfied that criteria and it does give you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns

keep in mind it resembles anything to do with the news or predictions 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 guarantee 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 validate are you okay with this and off you go now another method to in fact 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 investing in so let’s go 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so really for me understanding 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 seems to be what she chooses she’s also got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. 800 Etoro.

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