Etoro Danny Devitro – Ask Mary

We get htis a lot on our site the answer to Etoro Danny Devitro….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to choose what you actually wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the first off you can hire an investment portfolio supervisor they’ll generally 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 buy mutual funds specific funds are produced 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 a total please remember this platform is rather innovative you can do cfds which obviously cfds are methods of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume due to the fact that 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 alternative too so you actually get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real companies if you select to in this particular video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not just do something because that individual has said they have actually made earnings 14 months in a row buy these choices since you think is the right ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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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well-known for it’s the option to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually say i want to do exactly what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that indicates if for example 10 of their investment portfolio remains 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 truly critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no cost sites then may not charge you for really buying and selling funds or etfs individual products individual stocks.

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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 before you in fact begin buying copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with costs actually important to comprehend these now on there’s a couple of charges there isn’t fees to do with actually buying and selling alright so commission charges are free however there are a couple of other costs the very first one is withdrawal fees so you can undoubtedly 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 but when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you might say all right that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those alternatives that they have a great deal of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every six months you understand depends entirely how you’re investing but that is a cost to remember the 2nd cost that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk which’s fine that fits me.

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a lot of my stocks are us dollar stocks anyhow 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 charge now when you utilize anyone so if you’re utilizing trading two and two free trade anybody this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they really offering 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 provide me us dollars instead you need to pay their charges now the great feature of however when you have actually converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s really great utilizing that part of their website will not certainly restrict you in any way however we need to know 2 other costs the very first being what’s called spread costs all right and i’m going to show you what i indicate on now a spread charge as i’m going to show you

on is generally the distinction that becomes part of the investment platform between the buy rate and the sale price alright 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 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 reveal you that once again so the present rate of tesla is the value of a share what’s called spread costs is the difference then actually to buy 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 every time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread fees it’s normally incredibly little 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 feat is called an

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overnight fee now this is really 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 alright there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which implies you’re in fact buying the exact property rather than using take advantage of anyhow you won’t get hit with these fees however these costs are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter into the assistance area this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some added fees naturally depending upon what you are investing in as well this is on your own so keep that in mind however complete costs are totally within their aid info fine and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of actually utilizing these copy operates they do not have any additional costs on top of the typical fees that

are there now what you require to remember though is these possibly handled by other individuals completely or sometimes have actually created portfolios you have actually got a genuine individual doing the management you need to make certain you select the person that’s right for you just like any type of work this is your financial possessions so we definitely need to ensure it’s the right individual for us before 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 options for us firstly 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 have fun with and it’s not real money that you’re investing you will not require 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 actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real money possibly this is a great option for you once again to check the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe play with it obviously you may have missed out on gains and losses during that time of course if you had invested your genuine money it permits you to build 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 bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i indicate by that certainly 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 just means am i fine with potentially losing a great quantity of this financial investment or acquiring as

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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose cash but that similarly suggests they’ll lose at some time in their journey undoubtedly individuals do make money also and i’ve got videos everything about how you can make sure you’re one of individuals to actually make money however in this situation make sure you research your risk level would you be okay giving your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t select someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities

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like gold or perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too truly quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to in fact search for someone that you expensive actually following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does give you a danger factor too 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 rather high returns

bear in mind it’s like anything to do with the news or forecasts of the future this does not imply 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 simple as clicking the copy button and off you go and then you know ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really 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 little bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is great so in fact for me understanding what i like to invest in my specific 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 bit more um of the type of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Danny Devitro.

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