Etoro Investing For Kids – Ask Mary Traders

We get htis a lot on our site the answer to Etoro Investing For Kids….Concerns that i hear from new investors what if you’re brand new to investing you just do not want to decide what you in fact wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can occur the firstly you can work with an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are ways of investing

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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that choice too so you in fact get utilized 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 naturally your capital is at danger this is investing we’re doing you’re buying real business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row invest in these options because you believe is the best ones for you which being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.

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popular for it’s the option to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that means if for example 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 fees included actually vital you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee sites then might not charge you for actually buying and selling funds or etfs specific commodities specific 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 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 prior to you really start buying copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s start with fees really important to comprehend these now on there’s a couple of charges there isn’t charges to do with actually buying and selling alright so commission fees are free however there are a couple of other costs the very first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk cash.

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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you sell 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 make sure that i’m only withdrawing when i definitely require to now you may say 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 fees someplace and withdrawal costs are just among those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every six months you understand depends entirely how you’re investing however that is a charge to remember the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that fits me.

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a lot 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 charge now when you use anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to use their platform go from uk to us then that conversion cost is there 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 give me us dollars rather you have to pay their fees now the great aspect of though when you’ve converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert 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 truly great utilizing that part of their site won’t certainly limit you in any way however we need to be aware of two other charges the first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you

on is generally the distinction that belongs to the investment platform in between the buy cost and the price all right 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 value 599 per share in tesla that really suggests that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that once 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 all over this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a great deal 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 fees it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit money now the last task is called an

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overnight fee now this is really important if you’re actually using cfds yourself too an overnight charge is when you’re not doing that buy offer deal in the same day okay there’s then an over night fee charged or perhaps 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 commodity and using time one utilize which suggests you’re actually purchasing the exact possession rather than utilizing take advantage of anyhow you will not get hit with these fees but these costs are if you’re using utilize and cfds and after that 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 help section this isn’t the overnight fees 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 over night or you’re doing over weekends which only applies as i said to cfds there are some surcharges of course depending upon what you are investing in too this is on your own so keep that in mind however complete fees are completely within their assistance details 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 whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they do not have any extra charges on top of the regular costs that

exist now what you require to bear in mind though is these potentially managed by other people completely or sometimes have actually produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you much like any line of work this is your financial possessions so we absolutely need to make certain it’s the ideal 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 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 option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can basically 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 comfortable with utilizing your real money possibly this is an excellent option for you again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it certainly you might have lost out on gains and losses during that time of course if you had invested your real money it permits you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 remember before you choose someone 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 suggest by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i fine with possibly losing a great amount of this investment or acquiring as

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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash however that equally suggests they’ll lose at some point in their journey certainly people do generate income also and i’ve got videos all about how you can make certain you’re one of individuals to in fact earn money but in this situation make certain you research your danger level would you be alright giving your cash to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t pick someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products

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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 state you can actually use this too actually easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually look for somebody that you fancy really following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has satisfied that criteria and it does offer you a threat element 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 rather high returns

keep in mind it’s like 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 four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact purchasing 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so actually for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Investing For Kids.

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