Can U Vrify Ur Etoro Wit Ur Ghana Id – Ask Mary Traders

We get htis a lot on our site the answer to Can U Vrify Ur Etoro Wit Ur Ghana Id….Questions that i speak with new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the first of all you can hire an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds specific funds are developed 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 a total please bear in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing

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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you really get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at danger and we have to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row purchase these options due to the fact that you think is the right ones for you and that being stated let’s dive directly 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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popular for it’s the alternative to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero fee sites then may not charge you for really buying and selling funds or etfs individual products private stocks.

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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you in fact begin investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges truly important to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling fine so commission costs are totally free however there are a couple of other costs the very first one is withdrawal fees so you can certainly 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 but when you wish to withdraw your cash 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 5 dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say fine that’s quite 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 just among those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing however that is a cost to bear in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine that matches me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion charge is there 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 provide me us dollars rather you have to pay their charges now the fantastic aspect of though when you’ve transformed your money you do not have to invest it immediately 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 purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really great using that part of their website won’t definitely limit you in any way however we need to understand 2 other charges the first being what’s called spread charges all right and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you

on is generally the difference that belongs to the financial investment platform 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 value 599 per share in tesla that in fact indicates that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say okay 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 want to sell it which is how they make a bit of cash on those spread out charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last task is called an

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overnight charge now this is actually essential if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re really buying the specific asset rather than using leverage anyway you will not get hit with these costs but these fees are if you’re using take advantage of 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 state if you go into the assistance area this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges naturally depending upon what you are investing in also this is on your own so keep that in mind but full charges are completely within their help details fine and we talked about as well as complimentary 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 everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really using these copy works they don’t have any additional charges on top of the normal costs that

exist now what you need to remember though is these potentially handled by other people entirely or often have produced portfolios you’ve got a genuine person doing the management you need to make certain you choose the individual that’s right for you much like any kind of work this is your monetary possessions so we definitely need to make certain 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 various 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 option to invest real 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 credit card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash however really buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine cash perhaps this is an excellent option for you again to check the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to kind of safe have fun with it clearly you may have lost out on gains and losses during that time naturally if you had invested your real cash it enables you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just indicates am i alright with possibly losing a great quantity of this financial investment or gaining as

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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money but that equally indicates they’ll lose at some time in their journey obviously people do earn money also and i have actually got videos everything about how you can ensure you are among individuals to actually make money but in this scenario make sure you research your risk level would you be alright giving your cash to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s completely 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 even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too really easily over here you can copy individuals now it will provide you a lot of options and you can utilize the system to actually search for somebody that you elegant really following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has actually met that requirements and it does provide you a risk factor as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns

remember it’s like anything to do with the news or forecasts of the future this does not mean somebody 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 easy 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 actually deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so in fact for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Can U Vrify Ur Etoro Wit Ur Ghana Id.

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