Elc Etoro – Ask Mary Traders

We get htis a lot on our site the answer to Elc Etoro….Concerns that i hear from new financiers what if you’re brand new to investing you simply don’t want to choose 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 occur the to start with you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase 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 also now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which obviously cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you in fact get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something since that person has stated they’ve made profit 14 months in a row purchase these choices because you believe is the ideal 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 becomes part of social trading which is one element that is most likely.

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well-known for it’s the choice to see what other traders are doing amazing 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 cash we can really say i wish to do precisely what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved truly crucial you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real 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 no cost sites 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 charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 know prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with costs truly essential to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling all right so commission charges are complimentary however there are a couple of other charges 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 automatically converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your money so you offer your shares you sell your products 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 naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state fine that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those choices that they have a great deal of platforms clearly are free to do such things has this five 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 completely how you’re investing but that is a fee to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s fine that matches 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 2 and two free trade anyone at all this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there what are they in fact providing 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 offer me us dollars instead you need to pay their fees now the excellent feature of though when you’ve transformed your cash you do not need to invest it right away that dollar value can being 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 occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent using that part of their site will not definitely restrict you in any way nevertheless we have to understand two other costs the very first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you

on is generally the distinction that becomes part of the investment platform in between the buy price and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the current cost of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out charges it’s usually 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 actually essential if you’re in fact utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an over night fee charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which implies you’re really buying the specific possession instead of utilizing utilize anyway you won’t get hit with these fees but these costs are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s say if you enter into the assistance area this isn’t the over night charges details 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 and that just uses as i said to cfds there are some additional charges obviously depending upon what you are purchasing also this is on your own so keep that in mind however complete costs are totally within their aid details alright and we discussed as well as complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical 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 really using these copy works they don’t have any extra charges on top of the normal costs that

are there now what you need to bear in mind though is these possibly managed by other individuals totally or in some cases have actually produced portfolios you’ve got a genuine individual doing the management you need to ensure you choose the person that’s right for you much like any line of work this is your financial possessions so we definitely require to ensure it’s the ideal 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’ve got a couple of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual methods 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 require to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash however really purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your genuine money perhaps this is a terrific option for you once again to check the theories okay you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had invested your genuine cash it enables you to build self-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 bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just means am i okay with potentially losing a great amount of this financial investment or gaining as

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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally suggests they’ll lose eventually in their journey clearly individuals do make money as well and i have actually got videos all about how you can ensure you are among individuals to really generate income however in this circumstance make certain you research your risk level would you be fine giving your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong products

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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 in fact utilize this too truly easily over here you can copy people now it will provide you a lot of options and you can utilize the system to in fact search for somebody that you expensive really following so let’s see possibly we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has fulfilled that requirements and it does give you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns

bear in mind 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 could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you fine 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 really deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is excellent so really for me understanding what i like to buy 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 bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Elc Etoro.

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