Etoro Social Trading Tips – Ask Mary

We get htis a lot on our site the answer to Etoro Social Trading Tips….Questions that i speak with new investors what if you’re brand new to investing you simply don’t 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 happen the first of all you can work with a financial investment portfolio manager they’ll typically 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 of course you can purchase mutual funds particular funds are produced 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 too now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing

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with not really having the full amount of capital so with anything that you’re learning about please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you in fact get used to the structure of the site 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 risk this is investing we’re doing you’re purchasing real business if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that individual has stated they have actually made profit 14 months in a row invest in these choices since you believe is the ideal ones for you and that being stated let’s dive directly in [Music] 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 element that is most likely.

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famous for it’s the option to see what other traders are doing incredible we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that implies if for instance 10 of their financial investment portfolio remains 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 really crucial you understand what are the expenses of this now with any platform there will be some expense 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 some of the no cost websites then might not charge you for really buying and selling etfs or funds specific commodities individual stocks.

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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 understand prior to you in fact begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges actually important to comprehend these now on there’s a number of fees there isn’t fees to do with actually buying and selling alright so commission charges are totally free however there are a number of other costs the first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk money.

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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say alright that’s rather pricey 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 options that they have a lot of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a charge to remember the second charge that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that matches me.

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a great deal of my stocks are us dollar stocks anyway 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 charge now when you utilize anyone so if you’re utilizing trading 2 and two open market anyone at all this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact giving 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 rather you have to pay their charges now the great aspect of though when you have actually converted your cash 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 indicates the preliminary 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 fees so that’s actually great utilizing that part of their website will not certainly restrict you in any way nevertheless we need to know two other fees the very first being what’s called spread fees all right and i’m going to reveal you what i mean on now a spread cost as i’m going to show you

on is generally the difference that belongs to the investment platform in between the buy cost and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually means that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the present price of tesla is the value of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state alright 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 sell it and that is how they make a little bit of cash on those spread out fees it’s typically extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last task is called an

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overnight charge now this is really crucial if you’re really using cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which means you’re actually buying the specific asset instead of using leverage anyway you will not get hit with these charges but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you go into the assistance area this isn’t the over night charges details you can see exactly 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 uses as i stated to cfds there are some additional charges naturally depending on what you are buying as well this is on your own so keep that in mind but complete costs are entirely within their assistance details all right and we talked about along with complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of really using these copy works they do not have any additional fees on top of the regular costs that

are there now what you need to bear in mind though is these possibly managed by other people entirely or in some cases have actually developed portfolios you’ve got a genuine individual doing the management you need to make certain you pick the individual that’s right for you just like any kind of work this is your monetary properties so we absolutely need to ensure it’s the right 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 different 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 money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your genuine money perhaps this is a terrific choice for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your real cash it permits you to construct confidence comprehend the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to remember before you pick someone 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 suggest by that certainly 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 risk simply suggests am i all right with potentially losing a good quantity of this financial investment or acquiring as

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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally implies they’ll lose eventually in their journey obviously individuals do earn money also and i have actually got videos everything about how you can make certain you are among individuals to really earn money however in this scenario make certain you research study your risk level would you be okay giving your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities

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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too really quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to actually look for somebody that you fancy really following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has fulfilled that requirements and it does give you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns

keep in mind it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing 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 good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is excellent so really for me knowing what i like to buy my specific 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 business as that. Etoro Social Trading Tips.

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