Etoro Drys – Ask Mary Traders

We get htis a lot on our site the answer to Etoro Drys….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you in fact want to invest and you want someone to do it for you there’s just a number of ways that that can happen the first of all you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings 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 of course 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 don’t just assume due to the fact that 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 give that option also so you actually get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made profit 14 months in a row buy these options because you believe is the best ones for you and that being said 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 aspect that is most likely.

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popular for it’s the option to see what other traders are doing extraordinary 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 suggests with our cash we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that means if for example 10 of their financial 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 fees included actually important you comprehend what are the expenses of this now with any platform there will be some cost to certainly these are real 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 no fee websites then might not charge you for really buying and selling etfs or funds individual products individual stocks.

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there’ll be fees on other parts maybe 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 charges with in particular in this video the next would be things to know prior to you really start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with costs really essential to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling alright so commission charges are free however there are a couple of other charges the very first one is withdrawal costs so you can clearly put cash in now if you’re in the uk we put our uk cash.

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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you offer your shares you offer your products 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 ensure that i’m only withdrawing when i absolutely require to now you may state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply one of those options that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends totally how you’re investing however that is a cost to remember the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s fine 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 excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and 2 open market anybody this is basic they have i expect stuck to whatever cost they charge for that conversion rate you kind 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 state provide me us dollars instead you have to pay their fees now the terrific aspect of however when you’ve transformed your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial 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 charges so that’s really excellent utilizing that part of their site will not certainly restrict you in any way however we need to understand two other fees the first being what’s called spread fees all right and i’m going to show you what i mean on now a spread charge as i’m going to reveal you

on is basically the difference that becomes 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 today tesla’s dollar worth 599 per share in tesla that really suggests that when you want to purchase or offer as you can see it’s not the cost 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 charges 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 whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state 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 want to offer it and that is how they make a little bit of money on those spread out charges 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 again make a bit money now the last accomplishment is called an

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overnight cost now this is actually crucial if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which means you’re in fact purchasing the exact possession instead of using utilize anyhow you will not get hit with these charges but these fees are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you enter into the aid section this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some added fees of course depending upon what you are buying too this is on your own so keep that in mind but full costs are entirely within their aid details fine and we spoke about as well as complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of actually utilizing these copy works they don’t have any additional charges on top of the regular costs that

exist now what you need to bear in mind though is these potentially managed by other individuals completely or often have created portfolios you’ve got a real individual doing the management you have to make sure you pick the individual that’s right for you similar to any type of work this is your monetary possessions so we definitely need to make sure 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 utilize this function we have actually got a number of various alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash 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 will not need to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real cash maybe this is a fantastic option for you once again to check the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe have fun with it certainly you might have lost out on gains and losses during that time naturally if you had actually invested your real money it permits you to develop confidence comprehend 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 in fact how to copy people and copy portfolios now here’s something to keep 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 risk 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 simply suggests am i all right with possibly losing a good amount of this financial investment or getting as

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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash but that equally implies they’ll lose eventually in their journey obviously people do make money also and i’ve got videos everything about how you can make certain you are among the people to in fact make money but in this scenario ensure you research your risk level would you be alright providing your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky do not select someone who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone 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 same with who you’re following now as i state you can really use this too truly quickly over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually search for someone that you elegant really following so let’s see possibly we want somebody from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has actually satisfied that requirements and it does give you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals 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 could make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s go 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 absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is great so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Drys.

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