Etoro How To Change Your Phone – Ask Mary

We get htis a lot on our site the answer to Etoro How To Change Your Phone….Concerns that i hear from new financiers what if you’re brand new to investing you merely do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can buy mutual funds specific funds are created 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 a total please remember this platform is rather advanced you can do cfds which obviously cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option also so you really get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row invest in these choices since you think is the ideal ones for you which 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 alternative to see what other traders are doing unbelievable we don’t normally 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 actually say i want to do exactly what that trader is doing or match that exact portfolio of choices and basically every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates 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 also cover is the charges included truly crucial 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 zero charge sites then might not charge you for actually buying and selling funds or etfs specific products private 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 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 really start investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges actually crucial to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling fine so commission costs are totally free however there are a couple of other charges the first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk money.

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and it’s immediately 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 amount 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 ensure that i’m just withdrawing when i absolutely require to now you may state fine that’s quite pricey 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 among those choices that they have a lot of platforms certainly are complimentary 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 know depends entirely how you’re investing however that is a charge to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s great that fits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing 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 state provide me us dollars rather you have to pay their costs now the fantastic thing about however when you have actually converted your cash you do not have to invest it right away 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 purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great utilizing that part of their website won’t certainly limit you in any way however we need to know two other costs the first being what’s called spread fees alright and i’m going to show you what i mean on now a spread cost as i’m going to reveal you

on is generally the distinction that belongs to the financial investment platform in between the buy price and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really indicates that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread out costs it’s normally incredibly small 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 fee now this is really important if you’re in fact using cfds yourself also an overnight cost is when you’re refraining from doing that buy sell transaction in the exact same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which means you’re in fact purchasing the specific property instead of using utilize anyway you will not get hit with these fees but these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you go into the aid section this isn’t the overnight charges 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 over night or you’re doing over weekends which just uses as i said to cfds there are some service charges obviously depending on what you are buying too this is on your own so keep that in mind but complete fees are completely within their aid details all right and we talked about in addition to free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually utilizing these copy operates they do not have any additional charges on top of the normal fees that

exist now what you need to remember though is these potentially managed by other people entirely or in some cases have developed portfolios you’ve got a real individual doing the management you have to make sure you select the person that’s right for you much like any type of work this is your financial properties so we definitely need to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash 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 need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your real cash possibly this is a fantastic option for you once again to test the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it clearly you might have missed out on gains and losses during that time of course if you had invested your real cash it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 pick someone 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 mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i fine with possibly losing a good quantity of this financial investment or getting as

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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally means they’ll lose at some time in their journey clearly individuals do make money too and i have actually got videos all about how you can make sure you are among the people to actually generate income however in this scenario make certain you research study your risk level would you be fine providing your cash to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities

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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 exact same with who you’re following now as i state you can in fact use this too actually quickly over here you can copy people now it will offer you a great deal of choices and you can use the system to really search for someone that you elegant really following so let’s see perhaps we want someone from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has satisfied that requirements and it does give you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly 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 suggest someone will make 56 for you for the next 12 months they could make four 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 confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is great so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production companies as that. Etoro How To Change Your Phone.

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