Is Etoro Actually Free – Ask Mary Traders

We get htis a lot on our site the answer to Is Etoro Actually Free….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to decide what you in fact wish to invest and you want someone to do it for you there’s only a number of ways that that can happen the firstly you can work with an investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are produced 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 too now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which of course 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 do not simply assume because i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice too so you really get utilized 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 naturally your capital is at threat this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually said they’ve made profit 14 months in a row purchase these choices because you believe is the best ones for you which being said let’s dive directly in [Music] so 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 aspect that is probably.

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popular for it’s the choice to see what other traders are doing unbelievable we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can in fact say i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they buy they sell whatever they do your money will be imitated 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 charges involved really crucial you understand what are the costs of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no charge websites then may not charge you for actually buying and selling funds or etfs specific products 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 kinds 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 know before you actually begin purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs truly 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 fees are free nevertheless there are a couple of other fees the very first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish 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 five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m just withdrawing when i definitely require to now you might say all right that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply one of those choices that they have a lot 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 six months you understand depends entirely how you’re investing but that is a cost to bear in mind the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that suits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have i expect stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge 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 bargain with them you can’t go to the bank and say give me us dollars instead you need to pay their costs now the excellent thing about though when you have actually transformed your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies 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 additional fees so that’s actually great using that part of their website won’t certainly limit you in any way however we need to understand 2 other fees the first being what’s called spread charges all right and i’m going to show you what i mean on now a spread fee as i’m going to show you

on is basically the difference that is part of the financial investment platform in between the buy rate and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact suggests that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you state all right well why does that happen 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 want to offer it and that is how they make a bit of money on those spread costs it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit cash now the last accomplishment is called an

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over night fee now this is actually crucial if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy sell transaction in the same day okay there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact purchasing the specific asset rather than utilizing leverage anyway you won’t get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the over night fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some added fees obviously depending upon what you are purchasing too this is on your own so keep that in mind however full charges are completely within their aid info fine and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact using these copy operates they do not have any additional charges on top of the typical fees that

are there now what you need to bear in mind though is these potentially handled by other individuals totally or sometimes have actually created portfolios you’ve got a real person doing the management you need to make sure you select the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to ensure it’s the right individual 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 alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your genuine money maybe this is a fantastic alternative for you again to check the theories all right you might want to buy 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 invested your real money it allows you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose somebody 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 certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i fine with potentially losing a great quantity of this investment or getting as

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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly means they’ll lose at some time in their journey clearly individuals do generate income as well and i have actually got videos everything about how you can make certain you’re one of individuals to actually earn money however in this situation make sure you research study your risk level would you be fine giving your money to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong products

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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too truly quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to really look for somebody that you expensive really following so let’s see perhaps we desire somebody from united kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has satisfied that requirements and it does give you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns

keep in mind it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to confirm are you okay with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine really that i purchase too which is excellent so actually for me understanding what i like to purchase 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 type of main food companies and you have actually got you know pharmaceutical and production business as that. Is Etoro Actually Free.

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