How To Use Ledger With Etoro – Ask Mary Traders

We get htis a lot on our site the answer to How To Use Ledger With Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t wish to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can happen the firstly you can employ an investment portfolio manager they’ll generally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 advanced you can do cfds which naturally cfds are ways of investing

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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply presume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has said they’ve made revenue 14 months in a row purchase these choices because you think is the ideal ones for you which being said let’s dive straight 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 probably.

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well-known for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they purchase they offer whatever they do your money will be imitated with it so that indicates if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved truly critical you understand what are the costs of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then may not charge you for actually buying and selling funds or etfs specific products specific stocks.

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there’ll be charges 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 show you the charges with in particular in this video the next would be things to understand before you actually start investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with charges actually important to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling fine so commission fees are complimentary nevertheless there are a couple of other costs the first one is withdrawal charges so you can clearly 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 sell your shares you sell your commodities 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 just withdrawing when i definitely need to now you may state all right that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply one of those options that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you understand depends entirely how you’re investing but that is a fee to remember the second fee that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not a choice to purchase 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 perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 open market anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact 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 provide me us dollars rather you have to pay their fees now the terrific feature of though when you have actually converted your money you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good utilizing that part of their website won’t definitely limit you in any way nevertheless we have to know 2 other charges the first being what’s called spread costs all right and i’m going to show you what i mean on now a spread cost as i’m going to reveal you

on is basically the difference that belongs to the financial investment platform in between the buy rate and the price okay it’s their premium on doing both those two 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 wish to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing cost of tesla is the worth 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 all over this is another way that they make a small amount of make money from you whenever 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 give you less back with your sale and you say fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread fees it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last task is called an

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overnight cost now this is truly important if you’re really using cfds yourself also an overnight cost is when you’re not doing that buy offer transaction in the very same day fine there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which suggests you’re actually buying the precise possession rather than using utilize 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 charges if you’re not buy selling in the very same day so let’s say if you go into the help 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 costs then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are buying also this is on your own so keep that in mind however full charges are completely within their assistance details okay and we talked about along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 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 using these copy operates they don’t have any extra charges on top of the typical fees that

are there now what you need to remember though is these possibly handled by other individuals totally or often have actually developed portfolios you have actually got a genuine person doing the management you need to make certain you pick the individual that’s right for you much like any kind of work this is your monetary possessions so we definitely need to make sure 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 have actually got a couple of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means i believe 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own money but really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your genuine money possibly this is a great option for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe play with it undoubtedly you may have lost out on gains and losses during that time obviously if you had actually invested your real money it permits you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i imply by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply indicates am i all right with possibly 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 cash that’s why they make the fact 75 people will lose cash however that equally indicates they’ll lose at some point in their journey certainly individuals do generate income also and i have actually got videos all about how you can ensure you’re one of individuals to really make money however in this scenario make sure you research study your danger level would you be all right giving your cash to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products

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like gold or even oil plus more traditional 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 state you can really use this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to really look for somebody that you elegant really following so let’s see maybe we want someone from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everyone who has met that requirements and it does give you a risk aspect 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

remember it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other 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 all right with this and off you go now another way to really 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 buying 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 a few of mine in fact that i buy too which is good so actually for me understanding what i like to invest in 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 likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production business as that. How To Use Ledger With Etoro.

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