Martin Colby Etoro – Ask Mary

We get htis a lot on our site the answer to Martin Colby Etoro….Questions that i speak with new investors what if you’re brand new to investing you just do not wish to choose what you really want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the first off you can work with a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular 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 too now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which of course cfds are ways 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 don’t simply assume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option also so you in fact get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something since that individual has said they’ve made revenue 14 months in a row invest in these options since you believe 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 comprehending what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.

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famous for it’s the choice to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your money will be mimicked 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 likewise cover is the costs involved actually important you understand what are the expenses of this now with any platform there will be some cost to clearly these are real 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 no cost websites then may not charge you for in fact buying and selling funds or etfs specific products private stocks.

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there’ll be costs on other parts possibly it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to know prior to you really begin buying copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really crucial to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling fine so commission fees are free however there are a number of other costs the very first one is withdrawal charges so you can undoubtedly put cash in now if you remain in the uk we put our uk money.

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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 cash so you offer your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may say all right that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just among those options 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 mostly it can be maybe even once a year as soon as every 6 months you know depends totally how you’re investing however that is a cost to bear in mind the 2nd fee that i have actually touched upon 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 matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck to 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 fee is there what are they actually giving you in regards to 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 give me us dollars rather you have to pay their costs now the excellent aspect of however when you’ve converted your money you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really good using that part of their site will not definitely restrict you in any way nevertheless we need to be aware of two other costs the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread charge as i’m going to show you

on is essentially the difference that belongs to the investment platform between the buy rate 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 website right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then really 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 undoubtedly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread costs it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last task is called an

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over night fee now this is truly crucial if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy offer transaction in the same day fine there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which suggests you’re really buying the exact property rather than using take advantage of anyway you won’t get hit with these fees however these fees are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter 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 over night or you’re doing over weekends which just applies as i said to cfds there are some additional charges obviously depending on what you are investing in too this is on your own so keep that in mind however full charges are completely within their aid details okay and we spoke about as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually using these copy operates they do not have any additional charges on top of the typical charges that

are there now what you need to remember though is these potentially managed by other people entirely or often have created portfolios you have actually got a genuine individual doing the management you need to ensure you choose the individual that’s right for you similar to any line of work this is your financial possessions so we definitely need to ensure 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 utilize this function we have actually got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash however really 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 terrific alternative for you again to check the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses during that time of course if you had invested your genuine money it allows you to develop confidence comprehend the platform so that’s one option 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 keep in mind before you pick 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 suggest by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just suggests am i okay with potentially losing a good amount of this financial investment or getting as

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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money however that similarly implies they’ll lose eventually in their journey obviously individuals do make money too and i’ve got videos everything about how you can make certain you’re one of the people to actually make money but in this scenario make certain you research study your danger level would you be okay offering your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products

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like gold or perhaps oil plus more standard etfs and index funds you might 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 really utilize this too truly easily over here you can copy individuals now it will provide you a lot of options and you can use the system to really search for someone that you expensive actually following so let’s see perhaps we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has actually satisfied that criteria and it does give you a danger element also 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 people that have rather high returns

bear in mind it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other 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 validate are you fine 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 actually deep dive into what is she actually purchasing 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 understand ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine actually that i invest in too which is excellent so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s also got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Martin Colby Etoro.

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