Is Etoro Ceo Gay – Ask Mary Traders

We get htis a lot on our site the answer to Is Etoro Ceo Gay….Questions that i speak with new financiers what if you’re brand new to investing you just do not wish to decide what you actually want to invest and you want someone to do it for you there’s just a couple of ways that that can occur the first of all you can employ a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 an overall please remember this platform is rather advanced you can do cfds which naturally 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 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 give that choice as well so you in fact get used to the structure of the website and then 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 investing in genuine companies if you select to in this specific video we’re discussing how to copy other people’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something because that person has stated they have actually made profit 14 months in a row buy these options because you believe is the best ones for you which being stated 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 choice to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of choices and generally whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for example 10 of their 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 fees involved truly vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no cost sites then may 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 changing 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 fees with in particular in this video the next would be things to know prior to you in fact begin investing in copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s start with costs truly crucial to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling okay so commission costs are totally free however there are a couple of other charges the very first one is withdrawal charges so you can undoubtedly 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 but when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may state alright that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those options that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the second charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that fits me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and 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 2 open market anyone at all this is basic they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really 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 give me us dollars instead you need to pay their costs now the great aspect of though when you have actually converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent utilizing that part of their website will not certainly limit you in any way however we have to be aware of 2 other fees the first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you

on is essentially the difference that is part of the investment platform in between the buy price and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually means that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say fine well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in 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 fees it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last task is called an

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over night cost now this is really important if you’re really utilizing cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the very same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which implies you’re actually buying the specific possession rather than using take advantage of anyhow you won’t get hit with these charges however these fees are if you’re using 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 help area this isn’t the over night costs 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 over night or you’re doing over weekends which only applies as i said to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind but complete fees are completely within their help details alright and we talked about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they do not have any additional fees on top of the typical charges that

exist now what you require to keep in mind though is these possibly handled by other individuals completely or sometimes have developed portfolios you’ve got a real individual doing the management you need to make sure you choose the individual that’s right for you similar to any kind of work this is your monetary possessions so we absolutely need to make sure it’s the right 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 various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash 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 require to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not

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feeling comfy with using your real money perhaps this is a great alternative for you again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it obviously you may have lost out on gains and losses throughout that time obviously if you had actually invested your genuine money it permits you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that clearly 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 implies am i alright with potentially losing a great amount of this financial investment or gaining as

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well now keep in mind whatever 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 implies they’ll lose at some point in their journey undoubtedly individuals do make money also and i’ve got videos all about how you can make sure you’re one of the people to really earn money however in this scenario make certain you research study your threat level would you be fine providing your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities

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like gold and even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can utilize the system to in fact search for somebody that you fancy really following so let’s see possibly we want somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually satisfied that criteria and it does give you a threat element too 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 individuals that have rather high returns

bear 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 4 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 know ask you to verify are you okay 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 actually deep dive into what is she really 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 know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production business as that. Is Etoro Ceo Gay.

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