Etoro Copytrade – Ask Mary

We get htis a lot on our site the answer to Etoro Copytrade….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact wish to invest and you want someone to do it for you there’s only a number of ways that that can occur the to start with you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 rather advanced you can do cfds which obviously cfds are ways of investing

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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not just presume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option also so you actually get utilized to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually said they have actually made profit 14 months in a row purchase these options because you think is the ideal ones for you which being stated let’s dive directly 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 probably.

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popular for it’s the choice to see what other traders are doing amazing we don’t typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be imitated with it so that suggests if for instance 10 of their 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 charges included actually critical you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly 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 charge websites then might not charge you for actually buying and selling etfs or funds private commodities private stocks.

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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and finally some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s kick off with costs truly important to comprehend these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling okay so commission fees are totally free however there are a number of other costs the first one is withdrawal costs so you can clearly put money in now if you remain 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 later however when you want to withdraw your money 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 five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might state okay that’s quite expensive 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 options that they have a lot of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you know depends totally how you’re investing but that is a fee to remember the 2nd fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and 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 using trading 2 and 2 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 have to accept you know if you wish to use 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 haggle with them you can’t go to the bank and say offer me us dollars rather you have to pay their fees now the terrific feature of however when you’ve converted your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really good using that part of their website will not definitely limit you in any way nevertheless we have to understand two other costs the first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is basically the distinction that belongs to the investment platform in between the buy price and the list price all right 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 really implies that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread fees it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last task is called an

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overnight charge now this is really crucial if you’re in fact utilizing cfds yourself also an over night charge is when you’re not doing that buy offer transaction in the same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which suggests you’re really purchasing the precise property rather than utilizing leverage anyhow you won’t get hit with these fees but these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the assistance area this isn’t the overnight charges details 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 overnight or you’re doing over weekends and that only applies as i stated to cfds there are some surcharges of course depending upon what you are purchasing also this is on your own so keep that in mind however complete fees are completely within their help information all right and we spoke about 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 product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of really using these copy works they don’t have any extra fees on top of the regular costs that

exist now what you need to keep in mind though is these possibly handled by other individuals totally or often have produced portfolios you have actually got a genuine individual doing the management you need to make sure you pick the person that’s right for you much like any type of work this is your financial assets 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 wish to use this function we’ve got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i believe 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 essentially have this virtual portfolio imitate as if you are utilizing your own money but actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real money perhaps this is a great option for you once again to check the theories alright you may wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it obviously you may have missed out on gains and losses throughout that time obviously if you had actually 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 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 prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i suggest by that clearly 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 run the risk of simply means am i okay with potentially losing an excellent quantity of this investment or acquiring as

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well now keep in mind whatever is ups and downs you will make money 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 generate income as well and i have actually got videos all about how you can ensure you are among the people to really generate income however in this situation ensure you research study your risk level would you be fine offering your money to another person which is efficiently 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 dangerous don’t select someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products

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like gold or perhaps oil plus more traditional etfs and index funds you may 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 in fact utilize this too really easily over here you can copy individuals now it will give you a great deal of choices and you can use the system to actually search for someone that you expensive in fact following so let’s see possibly we want someone from united kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has met that criteria and it does give you a threat 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 individuals that have quite high returns

bear in mind it’s like anything to do with the news or forecasts of the future this does not mean someone 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 basic as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually investing in 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 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 knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Copytrade.

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