Is Etoro Slow? – Ask Mary Traders

We get htis a lot on our site the answer to Is Etoro Slow?….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a couple of ways that that can occur the first of all you can work with a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are produced once 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 also now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which obviously 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 more about please do study the platform do not simply presume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you really get used to the structure of the site 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 threat this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re discussing how to copy other people’s investments with your money so obviously your capital is at danger and we have to bear that in mind do not just do something because that individual has stated they’ve made earnings 14 months in a row buy these choices since you believe is the ideal ones for you which being said let’s dive straight in [Music] so the 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 aspect 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 normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of options and generally each time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that implies if for instance 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 also cover is the costs involved truly crucial you understand what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no fee websites 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 charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you in fact begin purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with charges actually essential to understand these now on there’s a couple of charges there isn’t costs to do with really buying and selling alright so commission charges are free however there are a couple of other costs the first one is withdrawal charges so you can clearly put money in now if you remain 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 cash so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you might state all right that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply one of those choices that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you understand depends completely how you’re investing however that is a fee to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that fits me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 open market anyone at all this is standard they have i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually 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 say provide me us dollars instead you need to pay their costs now the excellent feature of though when you have actually converted your cash you do not have to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly great utilizing that part of their site will not definitely restrict you in any way however we need to understand two other fees the first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you

on is basically the distinction that is part of the financial investment platform in between the buy price and the sale price all right 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 worth 599 per share in tesla that actually implies that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then actually to purchase 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 every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you say alright 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 sell it and that is how they make a bit of cash on those spread charges it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last feat is called an

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overnight cost now this is really important if you’re actually using cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which suggests you’re really buying the precise asset rather than utilizing utilize anyhow you won’t get hit with these fees however these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the assistance area this isn’t the overnight costs details you can see exactly 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 which just uses as i stated to cfds there are some service charges naturally depending on what you are buying too this is on your own so keep that in mind but full fees are totally within their assistance information all right and we discussed along with complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact using these copy works they do not have any additional costs on top of the regular charges that

are there now what you require to keep in mind though is these possibly handled by other individuals totally or often have produced portfolios you’ve got a real person doing the management you need to ensure you pick the individual that’s right for you just like any kind of work this is your monetary properties so we absolutely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i think 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 charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real cash perhaps this is a terrific alternative for you again to check the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it clearly you might have missed out on gains and losses during that time naturally if you had actually invested your real cash it allows you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that obviously 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 means am i fine with potentially losing a great quantity of this financial investment or acquiring as

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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally means they’ll lose at some time in their journey undoubtedly individuals do generate income too and i have actually got videos all about how you can make certain you’re one of individuals to actually earn money but in this scenario make sure you research your threat level would you be all right offering your money to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products

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like gold or perhaps oil plus more conventional etfs and index funds you might 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 in fact utilize this too truly quickly over here you can copy people now it will give you a lot of options and you can utilize the system to actually look for somebody that you elegant in fact following so let’s see maybe we desire somebody from unified kingdom um who invests in 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 find everybody who has fulfilled that criteria and it does offer you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns

remember it’s like anything to do with the news or forecasts of the future this does not mean 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 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 in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is great so really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Is Etoro Slow?.

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