Kevin1533 Etoro – Ask Mary Traders

We get htis a lot on our site the answer to Kevin1533 Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not wish to choose what you really wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the firstly 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 naturally you can purchase mutual funds particular funds are developed 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 as well now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you actually get utilized to the structure of the site 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 risk this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that individual has said they have actually made profit 14 months in a row invest in these choices due to the fact that you believe is the right ones for you which being stated let’s dive straight in [Music] 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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famous for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can actually say i want to do exactly what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees included actually crucial you comprehend what are the expenses of this now with any platform there will be some cost to clearly 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 some of the zero fee sites then might not charge you for actually buying and selling etfs or funds private commodities individual stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to understand before you in fact begin purchasing copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with charges actually crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission costs are totally free however there are a number of other fees the very first one is withdrawal costs so you can clearly put money in now if you remain 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 cash so you offer your shares you sell your commodities 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say all right that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those choices that they have a lot of platforms clearly are free 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 when every six months you understand depends entirely how you’re investing but that is a charge to remember the second fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they in fact providing you in regards to 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 offer me us dollars rather you have to pay their fees now the great feature of however when you have actually converted your money you do not need to invest it right now that dollar worth can being in your portfolio as cash 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 occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent utilizing that part of their website will not definitely limit you in any way however we have to be aware of 2 other fees the first being what’s called spread charges all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you

on is essentially the distinction that belongs to the financial investment platform between the buy cost and the 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 really implies that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll find this everywhere this is another way that 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 offer so they’re going to provide you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction 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 normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit money now the last feat is called an

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over night charge now this is really crucial if you’re actually utilizing cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which means you’re actually buying the specific asset instead of utilizing leverage anyway you won’t get hit with these charges but these costs are if you’re using utilize 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 state if you enter into the aid section this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some service charges naturally depending upon what you are purchasing too this is on your own so keep that in mind however full charges are completely within their assistance info fine and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product 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 two different ways of in fact using these copy operates they do not have any additional charges on top of the normal charges that

are there now what you require to remember though is these possibly managed by other people completely or in some cases have actually created portfolios you’ve got a real individual doing the management you need to ensure you select the person that’s right for you just like any line of work this is your financial assets so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple of different 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 choice to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however 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 option for you once again to test the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it obviously you might have missed out on gains and losses throughout that time obviously if you had invested your real cash it enables you to construct 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 remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i indicate by that clearly 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 run the risk of just means am i okay with potentially losing a good quantity of this investment or gaining as

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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that equally suggests they’ll lose at some point in their journey undoubtedly people do earn money also and i have actually got videos everything about how you can make sure you are among the people to actually earn money however in this situation make sure you research study your danger level would you be okay giving your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities

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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too really easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact search for someone that you fancy really following so let’s see possibly we want someone from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually fulfilled that criteria and it does give you a danger aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety 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 chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly 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 excellent so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production companies as that. Kevin1533 Etoro.

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