Best Copy Trader Etoro – Ask Mary

We get htis a lot on our site the answer to Best Copy Trader Etoro….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not want to decide what you really want to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the to start with you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly 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 created 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 also now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which obviously 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 simply presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option also so you in fact get used to the structure of the website 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 risk this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something since that individual has actually said they’ve made revenue 14 months in a row purchase these options since you believe is the right ones for you which being said let’s dive directly in [Music] so 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 aspect that is probably.

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famous for it’s the choice to see what other traders are doing incredible we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of options and basically each time they make a trade they buy they offer whatever they do your money will be imitated with it so that implies 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 also cover is the charges included truly crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee websites then might not charge you for in fact buying and selling etfs or funds private products private stocks.

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there’ll be costs on other parts perhaps 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 understand before you in fact begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees truly crucial to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission costs are totally free nevertheless there are a number of other costs the first one is withdrawal costs so you can certainly 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 but when you wish to withdraw your money 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 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you may say alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those options that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends totally how you’re investing but that is a fee to remember the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s great that fits 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 anyone so if you’re utilizing trading 2 and two open market anyone at all this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they actually giving 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 offer me us dollars instead you have to pay their fees now the fantastic thing about though when you’ve converted your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial 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 additional charges so that’s really great using that part of their website won’t definitely limit you in any way nevertheless we need to understand 2 other charges the first being what’s called spread charges fine and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you

on is generally the difference that is part of the financial investment platform between the buy price and the list price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really implies 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 current rate of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly 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 state alright 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 wish to sell it which is how they make a bit of money on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will 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 really utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell transaction in the same day alright there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which indicates you’re in fact purchasing the specific property instead of utilizing take advantage of anyway you will not get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the help section this isn’t the overnight costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some additional charges obviously depending on what you are buying too this is on your own so keep that in mind however full charges are entirely within their help details fine and we spoke about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever 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 various methods of really using these copy works they don’t have any extra charges on top of the typical charges that

are there now what you require to bear in mind though is these potentially managed by other individuals entirely or sometimes have developed portfolios you have actually got a real person doing the management you have to make certain you select the individual that’s right for you much like any type of work this is your monetary assets so we definitely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple 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 cash or a virtual platform virtual means i believe 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 generally have this virtual portfolio mimic as if you are utilizing your own money however in fact 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 an excellent option for you once again to check the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it obviously you may have lost out on gains and losses throughout that time naturally if you had actually invested your genuine cash it enables you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i imply 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 risk simply implies am i all right with possibly losing a good quantity of this financial investment or acquiring as

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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally means they’ll lose at some time in their journey certainly individuals do make money too and i have actually got videos all about how you can make sure you’re one of individuals to really make money however in this situation make certain you research your danger level would you be all right providing your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities

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like gold or perhaps 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 state you can actually utilize this too really quickly over here you can copy people now it will provide you a lot of choices and you can use the system to really look for someone that you elegant really following so let’s see perhaps we want somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has satisfied that requirements and it does provide you a danger element 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 variety of individuals that have rather high returns

bear in mind 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 four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another way to really deep dive if we click 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 bit so that’s great to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is good so really for me understanding what i like to buy 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 likewise got a little bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production companies as that. Best Copy Trader Etoro.

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