Etoro Account Vs Other Exchanges – Ask Mary Traders

We get htis a lot on our site the answer to Etoro Account Vs Other Exchanges….Questions that i hear from brand-new investors what if you’re brand new to investing you simply do not wish to decide what you actually want to invest and you desire someone to do it for you there’s only a number of manner ins which that can take place the firstly you can work with an investment portfolio supervisor they’ll generally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are developed once again with an account manager 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 a total please remember this platform is rather advanced 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 finding out about please do study the platform do not simply assume 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 consider that choice also so you in fact get used to the structure of the site 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 risk this is investing we’re doing you’re buying genuine business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something since that person has actually said they have actually made earnings 14 months in a row buy these options because you believe is the best ones for you which being stated let’s dive directly in [Music] so the important 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 probably.

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famous for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i want to do exactly what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that suggests if for example 10 of their financial investment portfolio remains 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 actually critical you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are genuine 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 absolutely no cost websites then may not charge you for actually buying and selling etfs or funds individual commodities individual 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 kinds of costs 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 in fact begin investing in copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with fees really important to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission costs are totally free nevertheless there are a number of other costs the first one is withdrawal costs so you can undoubtedly 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 wish 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may say all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just one of those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you understand depends totally how you’re investing however that is a charge to keep in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s great 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 even 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 using trading two and two open market anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists 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 instead you need to pay their charges now the excellent feature of however when you have actually transformed your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent using that part of their website won’t definitely limit you in any way nevertheless we have to know 2 other costs the first being what’s called spread charges alright and i’m going to reveal 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 rate and the price okay it’s their premium on doing both those 2 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 suggests that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the current price 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 all over this is another manner in which they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it simply 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 wish to offer it which is how they make a little bit of cash on those spread fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last task is called an

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over night cost now this is actually essential if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the exact 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 fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact purchasing the specific property instead of using leverage anyhow you will not get hit with these charges however these charges are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the help section this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some additional charges of course depending upon what you are buying also this is on your own so keep that in mind however complete fees are totally within their aid details all right and we discussed in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of in fact utilizing these copy works they do not have any additional costs on top of the regular fees that

are there now what you need to keep in mind though is these potentially handled by other individuals completely or often have actually developed portfolios you’ve got a real person doing the management you need to make sure you pick the individual that’s right for you similar to any type of work this is your financial properties so we definitely require to make sure it’s the right person for us prior to we copy them so the first things i would call it if you do want 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 real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your real money maybe this is a great alternative for you once again to check the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time naturally if you had invested your real money it allows you to build confidence understand the platform so that’s one option 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 individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest by that undoubtedly 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 simply suggests am i okay with potentially losing a good amount of this financial investment or acquiring as

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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that similarly indicates they’ll lose at some time in their journey obviously people do earn money too and i have actually got videos all about how you can make sure you are among individuals to actually make money but in this circumstance make sure you research your threat level would you be all right giving your money to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products

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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact look for somebody that you fancy actually following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has actually met that criteria and it does give you a threat factor 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 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 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 then you understand ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually 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 great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is great so actually for me understanding what i like to purchase my private 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 type of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Account Vs Other Exchanges.

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