Colx Etoro – Ask Mary Traders

We get htis a lot on our site the answer to Colx Etoro….Questions that i hear from new financiers what if you’re brand new to investing you merely don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can hire a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing

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with not really having the full amount of capital so with anything that you’re learning about please do study the platform do not just presume since i utilize 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 alternative as well so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually said they’ve made profit 14 months in a row buy these choices due to the fact that you think is the best ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.

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popular for it’s the option to see what other traders are doing incredible we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that means if for instance 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 likewise cover is the fees involved actually crucial 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 purchasing the selling for you there’s going to be charges involved and even a few of the zero cost sites then might not charge you for in fact buying and selling etfs or funds specific products private 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 type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you actually begin purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges actually crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission fees are totally free nevertheless there are a couple of other fees the first one is withdrawal fees so you can clearly put money in now if you remain in the uk we put our uk cash.

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and it’s immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those alternatives that they have a great deal of platforms undoubtedly are complimentary 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 know depends completely how you’re investing but that is a cost to bear in mind the second cost that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that suits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they actually 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 costs now the great thing about though when you’ve converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent utilizing that part of their website will not definitely limit you in any way nevertheless we need to be aware of 2 other fees the first being what’s called spread charges all right and i’m going to show you what i mean on now a spread charge as i’m going to show you

on is essentially the distinction that is part of the financial investment platform between the buy price and the sale price alright 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 indicates that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the present cost of tesla is the value of a share what’s called spread fees is the distinction 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 each time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread charges it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last task is called an

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overnight fee now this is really crucial if you’re in fact utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy sell deal in the exact same day okay there’s then an overnight charge charged or perhaps 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 in fact buying out the etf the stock the product and using time one take advantage of which means you’re actually buying the exact possession instead of using leverage anyway you won’t get hit with these costs however these charges are if you’re utilizing utilize 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 enter into the aid area this isn’t the over night fees details you can see exactly 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 only applies as i said to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind however complete costs are completely within their help info all right and we spoke about in addition to totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal fee 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 functions they do not have any extra charges on top of the typical fees that

are there now what you need to bear in mind though is these possibly handled by other individuals entirely or often have developed portfolios you’ve got a genuine individual doing the management you have to ensure you select the individual that’s right for you similar to any kind of work this is your monetary properties so we definitely need to make certain it’s the right person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways 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 charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your real cash perhaps this is a fantastic choice for you again to test the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it clearly you might have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind prior to you select someone 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 indicate by that undoubtedly 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 all right with potentially losing a great amount of this investment or getting as

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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly means they’ll lose eventually in their journey clearly people do make money too and i have actually got videos everything about how you can make sure you are among the people to really make money but in this situation ensure you research your danger level would you be all right giving your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re buying fully if you’re someone who isn’t wishing to be that risky do not pick somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products

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like gold or even oil plus more standard etfs and index funds you may 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 really utilize this too really easily over here you can copy individuals now it will give you a great deal of options and you can use the system to really look for someone that you elegant really following so let’s see perhaps we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has actually met that requirements and it does give you a threat element 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 number of people that have rather high returns

remember it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually buying 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 excellent to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine really that i invest in too which is good so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Colx Etoro.

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