Dinero Maximo Etoro – Ask Mary

We get htis a lot on our site the answer to Dinero Maximo Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you desire somebody to do it for you there’s only a couple of ways that that can take place the first of all you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps one or two percent of your earnings 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 too now if you’re brand new to a total please bear in mind this platform is quite innovative you can do cfds which obviously cfds are ways 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 simply presume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that option also so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re talking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually stated they’ve made profit 14 months in a row invest in these choices since you think is the best ones for you which being said let’s dive straight 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 aspect that is most likely.

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popular for it’s the choice to see what other traders are doing incredible we don’t typically 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 money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially 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 financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included really critical you understand what are the costs 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 included and even a few of the no cost websites then may not charge you for in fact buying and selling funds or etfs individual products specific stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and lastly some finest advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with charges truly important to understand these now on there’s a number of fees there isn’t fees to do with actually buying and selling fine so commission charges are free however there are a couple of other fees the first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk money.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you offer your shares you offer your commodities 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 obviously knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may state fine that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those options 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 mostly it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing however that is a cost to remember the second cost that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that matches me.

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a lot 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 fee now when you utilize anybody so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i suppose stuck to 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 fee is there what are they actually offering 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 say offer me us dollars instead you need to pay their fees now the excellent thing about however when you’ve converted your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their website won’t definitely limit you in any way however we have to understand 2 other fees the first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you

on is basically the difference that is part of the investment platform in between the buy rate and the list price alright it’s their premium on doing both those two 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 implies that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current rate of tesla is the value of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you say okay 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 want to sell it which is how they make a little bit of cash on those spread out fees it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last feat is called an

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over night fee now this is actually important if you’re actually utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an over night cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which means you’re really purchasing the exact asset instead of utilizing leverage anyhow you will not get hit with these costs however these fees are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some additional charges naturally depending upon what you are purchasing also this is on your own so keep that in mind but full fees are entirely within their aid info okay and we discussed along with complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity 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 functions they don’t have any additional costs on top of the normal costs that

are there now what you require to remember though is these potentially handled by other individuals totally or often have developed portfolios you’ve got a real individual doing the management you need to make certain you choose the individual that’s right for you much like any line of work this is your monetary properties so we definitely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of various choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun 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 basically have this virtual portfolio simulate as if you are using your own cash however really purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your real cash perhaps this is a fantastic choice for you once again to evaluate the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it undoubtedly you may have missed out on gains and losses throughout that time naturally if you had invested your genuine cash it allows you to develop confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand 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 investments the riskier you can be risk just means am i okay with potentially losing an excellent quantity of this financial investment or acquiring as

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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash but that similarly suggests they’ll lose at some point in their journey certainly individuals do earn money too and i have actually got videos everything about how you can make certain you’re one of individuals to actually generate income but in this situation make sure you research study your risk level would you be fine giving your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wishing to be that risky do not select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities

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like gold and even oil plus more conventional etfs and index funds you might not desire 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 quickly over here you can copy people now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you fancy in fact following so let’s see perhaps we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has satisfied that requirements and it does offer you a threat aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly 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 imply someone will make 56 for you for the next 12 months they might make four 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 know ask you to validate are you okay with this and off you go now another method to actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually purchasing 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 understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Dinero Maximo Etoro.

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