Etoro Trade Follow – Ask Mary

We get htis a lot on our site the answer to Etoro Trade Follow….Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to choose 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 first of all you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are created 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 an overall please keep in mind this platform is rather advanced you can do cfds which of course 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 do not simply assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you in fact get utilized to the structure of the site 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 risk this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something since that individual has actually said they’ve made profit 14 months in a row buy these options because you believe is the ideal ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding 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 suggests with our cash we can really say i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that indicates 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 costs involved truly crucial you understand what are the costs of this now with any platform there will be some expense to clearly these are genuine business 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 absolutely no fee websites then may not charge you for actually buying and selling funds or etfs individual products specific stocks.

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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you actually start buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with fees really essential to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling all right so commission costs are free nevertheless there are a number of other charges the very first one is withdrawal charges so you can undoubtedly put money 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 but when you want to withdraw your money so you sell your shares you offer your commodities 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 of course understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those options that they have a lot of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every six months you understand depends entirely how you’re investing however that is a charge to keep in mind the second cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s great that suits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading two and two free trade anybody this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they really providing you in regards to 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 offer me us dollars rather you need to pay their costs now the fantastic feature of though when you’ve transformed your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really great utilizing that part of their site will not definitely limit you in any way nevertheless we have to know two other fees the very first being what’s called spread fees all right and i’m going to show you what i imply on now a spread charge as i’m going to show you

on is essentially the distinction that becomes part of the investment platform in between the buy rate and the sale 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 worth 599 per share in tesla that in fact indicates that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present price of tesla is the value of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy 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 great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit money now the last feat is called an

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over night cost now this is truly crucial if you’re really using cfds yourself as well an overnight cost is when you’re not doing that buy offer deal in the same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which suggests you’re really purchasing the precise asset instead of utilizing utilize anyway you will not get hit with these charges however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the assistance section this isn’t the over night charges information you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some service charges naturally depending on what you are investing in too this is on your own so keep that in mind but full fees are totally within their aid info all right and we discussed as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any extra costs on top of the regular costs that

are there now what you require to keep in mind though is these possibly managed by other individuals completely or often have produced portfolios you’ve got a real person doing the management you need to make certain you choose the person that’s right for you similar to any line of work this is your financial properties 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 use this function we’ve got a number of different options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money 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 will not require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real money possibly this is a terrific choice for you again to evaluate the theories alright you might want to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it obviously you might have missed out on gains and losses during that time of course if you had invested your genuine cash it enables you to develop self-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 actually how to copy individuals and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply means am i alright with potentially losing an excellent amount of this financial investment or getting as

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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose money however that equally suggests they’ll lose eventually in their journey certainly individuals do generate income as well and i’ve got videos everything about how you can make certain you’re one of individuals to really make money however in this circumstance make sure you research study your danger level would you be fine offering your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying completely if you’re someone who isn’t wishing to be that risky do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities

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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually quickly over here you can copy people now it will offer you a great deal of options and you can use the system to really look for somebody that you elegant in fact following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually met that requirements and it does offer you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns

bear in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you fine 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 really deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is great so actually for me knowing what i like to purchase 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 kind of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Trade Follow.

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