Etoro Listener Closed – Ask Mary Traders

We get htis a lot on our site the answer to Etoro Listener Closed….Questions that i speak with brand-new financiers what if you’re brand new to investing you just do not want to decide what you in fact want to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the to start with you can work with an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are created 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 too now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing

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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you in fact get utilized to the structure of the site and after that when you’re ready to use your own cash 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 genuine companies if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not just do something since that person has actually stated they have actually made revenue 14 months in a row buy these choices because you believe is the ideal ones for you which 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 becomes part of social trading which is one element that is most likely.

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famous for it’s the option to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of options and generally every time they make a trade they buy they offer whatever they do your cash will be mimicked 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 involved really critical you understand what are the expenses of this now with any platform there will be some cost to obviously 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 in fact buying and selling funds or etfs individual commodities individual stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs 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 know prior to you in fact start buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with charges actually crucial to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling fine so commission costs are free however there are a couple of other charges the very first one is withdrawal charges so you can obviously put cash in now if you’re 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 on however when you want to withdraw your cash so you sell your shares you offer your products whatever you’re selling the minimum amount 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 make sure that i’m only withdrawing when i definitely require to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal fees are simply among those options that they have a lot of platforms undoubtedly are complimentary 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 as soon as every 6 months you know depends completely how you’re investing however that is a fee to keep in mind the 2nd charge that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that fits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and two open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you type 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 actually 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 give me us dollars instead you need to pay their costs now the great thing about though when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great utilizing that part of their site will not definitely restrict you in any way however we have to understand two other costs the first being what’s called spread costs okay and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you

on is essentially the difference that is part of the financial 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 website today tesla’s dollar worth 599 per share in tesla that actually implies that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to offer you less back with your sale and you say alright 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 out costs it’s normally 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 little bit money now the last accomplishment is called an

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over night charge now this is actually crucial if you’re really using cfds yourself also an over night charge is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight charge charged and even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which means you’re actually buying the exact asset rather than utilizing utilize anyway you will not get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the aid area this isn’t the overnight charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some added fees obviously depending upon what you are buying as well this is on your own so keep that in mind but full fees are totally within their assistance details all right and we discussed along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 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 using these copy operates they do not have any additional charges on top of the normal fees that

are there now what you require to remember though is these possibly handled by other people totally or sometimes have created portfolios you have actually got a real person doing the management you have to ensure you select the individual that’s right for you similar to any type of work this is your financial assets so we definitely need to make certain it’s the best person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number of various alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfy with using your real money maybe this is a great choice for you again to check the theories alright you might wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it obviously you might have missed out on gains and losses during that time of course if you had actually invested your genuine cash it allows you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals 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 make sure 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 say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i alright with possibly losing a great quantity of this financial investment or gaining as

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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly suggests they’ll lose at some point in their journey undoubtedly individuals do earn money too and i have actually got videos everything about how you can ensure you’re one of the people to really earn money but in this situation make sure you research your threat level would you be fine offering your money to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products

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like gold or even oil plus more standard 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 state you can really use 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 actually following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has satisfied that criteria and it does provide you a risk aspect too 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 people that have rather high returns

bear in mind it’s like anything to do with the news or predictions of the future this does not indicate 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 easy as clicking the copy button and off you go and after that you understand ask you to verify are you fine with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is good so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Listener Closed.

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