Etoro Chating Room – Ask Mary

We get htis a lot on our site the answer to Etoro Chating Room….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to choose what you really wish to invest and you want someone to do it for you there’s only a couple of ways that that can occur the first off you can hire a financial investment portfolio manager they’ll normally 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 of course you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which of course cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not just assume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you in fact get used to the structure of the site and then when you’re ready to utilize 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 investing in genuine business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they have actually made revenue 14 months in a row invest in these choices since you think is the ideal ones for you and that being stated let’s dive directly 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 aspect that is most likely.

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famous for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your money will be simulated 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 money in so we’re going to likewise cover is the charges involved really critical you understand what are the expenses 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 included and even some of the absolutely no charge sites then might not charge you for really buying and selling etfs or funds individual commodities private stocks.

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there’ll be fees on other parts possibly 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 reveal you the fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with fees really essential to understand these now on there’s a couple of costs there isn’t costs to do with really buying and selling alright so commission charges are totally free however there are a number of other fees the very first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you sell 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 obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are just one of those alternatives that they have a great deal of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you understand depends entirely how you’re investing but that is a cost to bear in mind the second charge that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that suits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two free trade anybody this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they really giving 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 say give me us dollars instead you need to pay their fees now the fantastic thing about though when you have actually converted your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means 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 additional fees so that’s really excellent using that part of their website won’t definitely restrict you in any way nevertheless we need to understand two other charges the first being what’s called spread charges fine and i’m going to reveal you what i mean on now a spread charge as i’m going to show you

on is basically the distinction that becomes part of the financial investment platform 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 website right now tesla’s dollar value 599 per share in tesla that really indicates that when you wish to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that happen 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 money on those spread out charges it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last accomplishment is called an

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overnight charge now this is actually important if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which implies you’re actually purchasing the specific property rather than utilizing utilize anyhow you will not get hit with these costs but these fees are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the help area this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some additional charges of course depending upon what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their aid info okay and we spoke about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of really using these copy functions they do not have any additional fees on top of the typical costs that

are there now what you require to bear in mind though is these possibly managed by other individuals completely or often have created portfolios you’ve got a genuine individual doing the management you need to make sure you select the person that’s right for you much like any kind of work this is your monetary possessions so we definitely require to ensure it’s the best 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 have actually got a number of different options for us first off 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 methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money however actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real cash perhaps this is a great alternative for you again to test the theories alright you might want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it undoubtedly you may have lost out on gains and losses during that time obviously if you had actually invested your genuine money it enables you to build confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real 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 select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i indicate by that clearly 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 suggests am i okay with potentially losing a great quantity of this investment or getting as

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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly implies they’ll lose at some time in their journey undoubtedly people do generate income also and i’ve got videos all about how you can make certain you’re one of individuals to actually make money however in this situation make certain you research study your threat level would you be all right giving your money to another person which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous don’t choose someone who’s totally into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities

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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to in fact look for someone that you expensive in fact following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually met that criteria and it does offer you a risk factor as well 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 people that have quite high returns

remember it resembles 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 might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you okay with this and off you go now another way to really 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 really 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 good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i purchase too which is excellent so really for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Chating Room.

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