How Do I Transfer Bitcoin To Litecoin In Etoro – Ask Mary Traders

We get htis a lot on our site the answer to How Do I Transfer Bitcoin To Litecoin In Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just do not want to choose what you in fact wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the first of all you can hire a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are created 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 too now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are methods of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i use 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 alternative too so you actually get utilized to the structure of the site and after that 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 danger this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually said they have actually made revenue 14 months in a row buy these choices because you think is the best ones for you and that 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 belongs to social trading which is one element that is probably.

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famous for it’s the alternative to see what other traders are doing unbelievable we don’t normally 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 actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved really important you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.

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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some best guidance best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs actually crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with really buying and selling okay so commission fees are free nevertheless there are a number of other charges the very first one is withdrawal costs so you can certainly put cash 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 however when you want to withdraw your cash so you offer 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 obviously understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might say fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just among those choices 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 perhaps even once a year when every six months you understand depends totally how you’re investing however that is a charge to keep in mind the second fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that fits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two free trade anybody this is standard they have actually i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they actually providing 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 offer me us dollars rather you have to pay their fees now the great aspect of though when you’ve transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent utilizing that part of their website will not definitely restrict you in any way however we need to know 2 other charges the very first being what’s called spread fees okay and i’m going to show you what i imply on now a spread charge as i’m going to reveal you

on is essentially the distinction that becomes part of the investment platform in between the buy price and the list price okay it’s their premium on doing both those 2 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 in fact means that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly 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 say all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread costs it’s generally 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 bit money now the last accomplishment is called an

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over night charge now this is truly important if you’re actually utilizing cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the very same day all right there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which means you’re in fact purchasing the precise asset rather than using take advantage of anyway you won’t get hit with these costs however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the aid area this isn’t the over night fees info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges of course depending on what you are buying as well this is on your own so keep that in mind but complete charges are completely within their aid details fine and we spoke about as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they don’t have any additional fees on top of the typical fees that

exist now what you need to remember though is these potentially handled by other individuals completely or often have developed portfolios you’ve got a real individual doing the management you have to ensure you pick the individual that’s right for you much like any kind of work this is your financial possessions so we definitely need to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i think 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 credit card details 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 utilizing your real cash perhaps this is an excellent option for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it obviously you may have lost out on gains and losses throughout that time obviously if you had invested your real cash it permits you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i suggest by that undoubtedly 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 run the risk of just indicates am i all right with potentially losing a great quantity of this investment or getting as

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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that equally indicates they’ll lose at some point in their journey undoubtedly individuals do earn money as well and i’ve got videos all about how you can ensure you are among the people to in fact earn money but in this situation make sure you research your danger level would you be okay giving your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous don’t pick somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities

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like gold or even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too actually easily over here you can copy people now it will provide you a lot of options and you can utilize the system to really look for someone that you expensive in fact following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has met that criteria and it does provide you a threat element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is good so really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. How Do I Transfer Bitcoin To Litecoin In Etoro.

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