Etoro Training Academy – Ask Mary

We get htis a lot on our site the answer to Etoro Training Academy….Questions that i speak with new financiers what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the first of all you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are developed once 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 also now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which of course cfds are methods 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 do not just presume due to the fact that 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 consider that alternative too so you actually 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 obviously your capital is at danger this is investing we’re doing you’re purchasing genuine business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your cash so obviously your capital is at risk and we have to bear that in mind do not simply do something since that person has stated they’ve made profit 14 months in a row buy these options since you think is the best ones for you and that being said let’s dive directly 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 most likely.

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well-known for it’s the alternative to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of options and basically every time they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for instance 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 fees involved truly crucial you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies 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 no charge sites 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 altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you in fact start buying copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with fees actually crucial to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission fees are complimentary nevertheless there are a number of other fees the first one is withdrawal costs so you can obviously 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 later on however when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering 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 just withdrawing when i definitely require to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just one of those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the second fee that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk which’s fine that suits 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 cost now when you utilize anybody so if you’re utilizing trading two and two free trade anyone at all this is basic they have i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there 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 say give me us dollars instead you have to pay their costs now the terrific thing about however when you have actually converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or transform 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 truly great utilizing that part of their site will not definitely restrict you in any way however we have to know two other fees the very first being what’s called spread charges okay and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you

on is basically the distinction that is part of the investment platform in between the buy cost 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 buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current rate of tesla is the value of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread out charges it’s typically extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a bit money now the last feat is called an

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overnight charge now this is really crucial if you’re in fact using cfds yourself as well an over night cost is when you’re not doing that buy offer deal in the very same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one leverage which means you’re in fact buying the precise possession rather than utilizing take advantage of anyhow you won’t get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the assistance section this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some service charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full fees are entirely within their aid information okay and we spoke about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of in fact using these copy operates they don’t have any additional charges on top of the normal costs that

are there now what you require to keep in mind though is these potentially managed by other people totally or sometimes have produced portfolios you have actually got a genuine person doing the management you have to ensure you choose the person that’s right for you just like any kind of work this is your monetary assets so we definitely require to make sure it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different choices for us first off 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 believe you get yep a hundred thousand dollars to have fun with and it’s not real money 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 however in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real money possibly this is a fantastic alternative for you once again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not use the virtual alternative as a method to sort of safe have fun with it certainly you may have lost out on gains and losses during that time of course if you had actually invested your real money it allows you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people 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 make certain you understand what your danger profile is now what do i imply by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just suggests am i alright with potentially losing a great amount of this financial investment or getting as

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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally implies they’ll lose at some time in their journey clearly people do generate income also and i have actually got videos everything about how you can make sure you are among individuals to in fact generate income however in this circumstance ensure you research study your threat level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities

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like gold or perhaps oil plus more conventional 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 say you can really use this too actually quickly over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really look for somebody that you expensive actually following so let’s see maybe we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has fulfilled that criteria and it does provide 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 certainly there are a variety of people that have rather high returns

remember it’s like anything to do with the news or forecasts 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 other way to guarantee 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 verify are you all right with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can in fact 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 great to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Training Academy.

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