Paragon Etoro – Ask Mary

We get htis a lot on our site the answer to Paragon Etoro….Questions that i hear from new financiers what if you’re brand new to investing you simply do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the first off you can work with a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy 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 a total please remember this platform is rather sophisticated you can do cfds which of course 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 finding out about please do study the platform don’t just assume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you actually 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 of course your capital is at risk this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually said they’ve made revenue 14 months in a row purchase these choices because you believe is the right ones for you and that being stated let’s dive directly 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 element that is most likely.

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famous 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 therefore that implies with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved truly important you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 absolutely no cost sites then may not charge you for in fact buying and selling etfs or funds specific commodities individual stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you really begin buying 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 more advanced investor so let’s kick off with costs actually essential to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling okay so commission charges are totally free however there are a number of other charges the very first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk cash.

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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your cash 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 of course understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state alright 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 fees are just one of those choices that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you know depends completely how you’re investing but that is a cost to remember the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s fine 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two open market anyone at all this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really giving you in terms of 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 state provide me us dollars rather you have to pay their charges now the terrific thing about 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 implies 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 charges so that’s really excellent using that part of their website will not certainly limit you in any way however we have to understand 2 other charges the first being what’s called spread charges okay and i’m going to show you what i indicate on now a spread cost as i’m going to show you

on is generally the difference that becomes part of the financial investment platform in between the buy cost and the price alright 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 wish to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in 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 out fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an

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overnight cost now this is actually important if you’re actually using cfds yourself also an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which indicates you’re in fact purchasing the specific possession instead of using utilize anyhow you will not get hit with these fees however these fees are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s say if you go into the assistance section this isn’t the over night charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some service charges of course depending upon what you are purchasing too this is on your own so keep that in mind but full fees are completely within their aid info alright and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of in fact using these copy functions they do not have any additional costs on top of the regular costs that

exist now what you need to remember though is these possibly handled by other people completely or often have developed portfolios you’ve got a real individual doing the management you need to make sure you pick the person that’s right for you similar to any profession this is your monetary properties so we absolutely require to make certain it’s the right individual for us before 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 choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i think 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 information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however actually purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your genuine cash possibly this is a terrific alternative for you once again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it obviously you might have lost out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember prior to you choose someone 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 say the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i alright with possibly losing an excellent amount of this financial investment or getting as

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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly indicates they’ll lose at some time in their journey obviously people do earn money also and i’ve got videos all about how you can make certain you’re one of individuals to really make money but in this scenario ensure you research study your danger level would you be all right giving your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous don’t select someone who’s totally 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 exact same with who you’re following now as i state you can actually use this too truly easily over here you can copy people now it will give you a great deal of options and you can use the system to actually look for someone that you elegant really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually met that requirements and it does give you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns

keep in mind it resembles 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 chance 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 verify are you alright with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can in fact 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 bit so that’s excellent to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine really that i buy too which is great so in fact for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s also got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Paragon Etoro.

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