Can I Use Gift Cards On Etoro – Ask Mary

We get htis a lot on our site the answer to Can I Use Gift Cards On Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t wish to choose what you really want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the firstly you can hire a financial investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are produced 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 as well now if you’re brand new to an overall please bear 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 really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you actually get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we have to bear that in mind do not simply do something because that individual has actually said they have actually made earnings 14 months in a row buy these choices because you believe is the right ones for you which being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending 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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famous for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can actually say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and generally every time they make a trade they buy they offer whatever they do your money will be mimicked 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 involved actually important you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine 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 zero fee websites then might not charge you for actually buying and selling funds or etfs individual products specific stocks.

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there’ll be charges on other parts maybe 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 fees with in particular in this video the next would be things to understand before you in fact start investing in copy trading or copy portfolios and lastly some finest advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges actually crucial to understand these now on there’s a couple of costs there isn’t charges to do with actually buying and selling fine so commission costs are free however there are a couple of other fees the very first one is withdrawal fees so you can obviously put money in now if you remain 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 in the future but when you want to withdraw your money so you sell your shares you offer your commodities 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say fine that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those options that they have a great deal of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you understand depends totally how you’re investing however that is a fee to remember the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that matches me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really giving 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 state give me us dollars rather you have to pay their fees now the excellent thing about though when you’ve converted your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really great using that part of their site won’t certainly limit you in any way nevertheless we need to know two other charges the very first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you

on is generally the distinction that is part of the investment platform in between the buy price and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last task is called an

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overnight fee now this is truly essential if you’re really using cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact buying the precise property instead of utilizing leverage anyhow you won’t get hit with these costs but these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you enter into the aid area this isn’t the overnight costs information 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 which just uses as i said to cfds there are some additional charges of course depending on what you are buying as well this is on your own so keep that in mind but full charges are totally within their assistance information fine and we talked about along with complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of in fact using these copy works they do not have any extra fees on top of the normal costs that

exist now what you require to keep in mind though is these possibly managed by other people completely or often have actually produced portfolios you’ve got a real person doing the management you need to make certain you pick the individual that’s right for you similar to any kind of work this is your monetary properties so we definitely require to make sure it’s the best individual for us prior to 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 different options for us first of all 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 methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however actually buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your genuine money perhaps this is a terrific alternative for you once again to check the theories all right you may want to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it certainly you might have missed out on gains and losses throughout that time of course if you had invested your real money it allows you to develop confidence understand the platform so that’s one choice 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 individuals and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i fine with possibly losing a great quantity of this investment or getting as

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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose cash however that equally implies they’ll lose eventually in their journey undoubtedly people do generate income also and i’ve got videos everything about how you can ensure you are among the people to in fact make money however in this scenario make certain you research your threat level would you be okay giving your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wanting to be that dangerous don’t 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 use this too truly easily over here you can copy individuals now it will offer you a lot of options and you can use the system to actually search for somebody that you fancy actually following so let’s see perhaps we want 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 find everyone who has actually satisfied that requirements and it does offer you a threat element too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns

remember it’s like 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 might 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 then you know ask you to confirm 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 in fact 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 some of mine actually that i invest in too which is great so really for me knowing what i like to purchase 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 prefers she’s likewise got a bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Can I Use Gift Cards On Etoro.

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