Joebu Etoro – Ask Mary Traders

We get htis a lot on our site the answer to Joebu Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t want to decide what you in fact want to invest and you want someone to do it for you there’s only a couple of ways that that can happen the first off you can hire an investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific 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 as well now if you’re brand new to an overall please bear in mind this platform is rather sophisticated 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 discovering please do study the platform do not just assume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you actually 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 naturally your capital is at threat this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not just do something since that person has actually stated they have actually made earnings 14 months in a row invest in these choices since you think is the right ones for you and that being said 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’s part of social trading which is one element that is probably.

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famous for it’s the choice to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can really state i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies 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 truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 a few of the zero cost websites then might not charge you for really buying and selling funds or etfs private products private 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 type 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 before you actually begin purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with fees really crucial to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission charges are free however there are a number of other fees the very first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk cash.

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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you sell 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 naturally knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms certainly are totally free 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 know depends totally how you’re investing but that is a charge to bear in mind the second fee that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck with 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 charge is there what are they actually giving 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 offer me us dollars rather you need to pay their charges now the great thing about though when you’ve converted your cash you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent using that part of their site will not definitely limit you in any way nevertheless we need to know two other costs the very first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you

on is basically the distinction that becomes part of the investment platform in between the buy price and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually indicates that when you wish to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current rate of tesla is the worth of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread out fees it’s usually exceptionally little 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 cash now the last task is called an

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overnight fee now this is truly essential if you’re actually utilizing cfds yourself as well an overnight charge is when you’re not doing that buy offer transaction in the same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re in fact purchasing the exact property rather than utilizing leverage anyhow you will not get hit with these fees however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help section this isn’t the overnight costs info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some service charges naturally depending upon what you are investing in too this is on your own so keep that in mind but complete costs are totally within their assistance info fine and we talked about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really using these copy functions they do not have any additional costs on top of the typical fees that

are there now what you need to keep in mind though is these potentially handled by other individuals totally or sometimes have created portfolios you’ve got a real individual doing the management you need to make certain you select the individual that’s right for you similar to any type of work this is your financial assets so we absolutely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of various alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun 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 generally have this virtual portfolio mimic as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your genuine money possibly this is a great choice for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you might have missed out on gains and losses during that time naturally if you had invested your real cash it allows you to build self-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 really how to copy individuals and copy portfolios now here’s something to bear in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply indicates am i all right with potentially losing a good quantity of this financial investment or acquiring as

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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly means they’ll lose at some point in their journey obviously people do earn money as well and i’ve got videos all about how you can make certain you’re one of the people to actually make money however in this scenario make sure you research your risk level would you be okay providing your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that risky don’t select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities

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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 very same with who you’re following now as i say you can in fact use this too truly easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually look for someone that you expensive in fact following so let’s see maybe we desire somebody from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually met that requirements and it does provide you a danger element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest someone 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 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 way to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of main food companies and you have actually got you understand pharmaceutical and production business as that. Joebu Etoro.

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