Error Code 15 Etoro – Ask Mary

We get htis a lot on our site the answer to Error Code 15 Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t wish to decide what you really wish to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the first off you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular 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 as well now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not simply assume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that option too so you actually get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real business if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has said they have actually made profit 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.

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well-known for it’s the alternative to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests 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 also cover is the costs involved really vital you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine companies 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 absolutely no fee sites then might 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 altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you really start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with fees really important to comprehend these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling all right so commission charges are free however there are a couple of other charges the first one is withdrawal fees so you can certainly 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 on however when you wish to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you might state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you understand depends completely how you’re investing but that is a charge to bear in mind the 2nd charge that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an alternative 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 use anyone so if you’re utilizing trading 2 and 2 open market anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they in fact providing you in terms of 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 rather you have to pay their fees now the excellent feature of however when you’ve converted your cash you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we need to understand 2 other costs the first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread cost as i’m going to show you

on is basically the difference that is part of the investment platform in between the buy cost and the list price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact means that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase 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 just 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 sell it which is how they make a bit of money on those spread fees it’s generally exceptionally little 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 little bit money now the last accomplishment is called an

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over night cost now this is actually essential if you’re in fact using cfds yourself too 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 over night fee charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re in fact buying the precise asset instead of using take advantage of anyway you won’t get hit with these costs however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some added fees obviously depending on what you are investing in also this is on your own so keep that in mind however complete charges are completely within their help info all right and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of in fact using these copy functions they do not have any extra charges on top of the regular charges that

exist now what you require to remember though is these potentially managed by other people completely or sometimes have actually produced portfolios you’ve got a genuine individual doing the management you have to make certain you select the individual that’s right for you just like any line of work this is your monetary properties so we definitely require to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your real cash possibly this is a fantastic alternative for you once again to test the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe have fun with it clearly you may have missed out on gains and losses throughout that time naturally if you had invested your real money it allows you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i mean by that certainly 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 simply suggests am i alright with possibly losing an excellent quantity of this financial investment or acquiring as

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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose money however that similarly suggests they’ll lose at some time in their journey obviously individuals do generate income as well and i’ve got videos all about how you can make sure you’re one of the people to in fact earn money however in this circumstance make certain you research your threat level would you be fine providing your cash to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities

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like gold and even oil plus more traditional 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 actually quickly over here you can copy people now it will offer you a great deal of choices and you can utilize the system to really look for someone that you fancy actually following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has satisfied that criteria and it does offer you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have quite high returns

keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way 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 in fact purchasing 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 definitely like kind of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is great so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production companies as that. Error Code 15 Etoro.

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