Platform Etoro – Ask Mary

We get htis a lot on our site the answer to Platform Etoro….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to decide what you actually want to invest and you want someone to do it for you there’s only a number of ways that that can take place the firstly you can employ an investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 also now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing

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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because i utilize 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 alternative too so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not simply do something because that individual has actually stated they’ve made revenue 14 months in a row purchase these options since you believe is the best 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 becomes part of social trading which is one aspect that is probably.

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popular for it’s the option 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 therefore that implies with our money we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that implies if for instance 10 of their 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 included actually crucial you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies 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 charge sites then may not charge you for actually buying and selling etfs or funds specific commodities private stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 know prior to you actually begin buying copy trading or copy portfolios and finally some finest guidance finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with fees really crucial to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission costs are totally free nevertheless there are a number of other fees the first one is withdrawal fees so you can obviously put money in now if you remain 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 later on but when you want 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 five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those alternatives that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you understand depends completely how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that matches me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion charge 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 bargain with them you can’t go to the bank and say offer me us dollars instead you need to pay their charges now the fantastic aspect of however when you have actually transformed your money you do not need to invest it right away that dollar worth can sit in your portfolio as money 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 additional costs so that’s really good utilizing that part of their site will not certainly restrict you in any way however we need to understand 2 other costs the very first being what’s called spread charges okay and i’m going to show you what i mean on now a spread fee as i’m going to reveal you

on is generally the difference that becomes part of the investment platform between the buy cost and the sale price alright it’s their premium on doing both those 2 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 means that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you say fine well why does that occur it just 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 want to sell it which 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 once again make a bit cash now the last task is called an

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overnight charge now this is really important if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the same day all right there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which implies you’re actually buying the specific property rather than utilizing leverage anyway you will not get hit with these fees however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the overnight charges 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 said to cfds there are some additional charges obviously depending upon what you are buying as well this is on your own so keep that in mind however complete charges are entirely within their help info all right and we talked about along with complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways 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 keep in mind though is these possibly handled by other people totally or in some cases have produced portfolios you have actually got a genuine person doing the management you need to make sure you choose the individual that’s right for you similar to any line of work this is your monetary properties so we absolutely need to ensure it’s the ideal individual 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 number of various options for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine cash possibly this is an excellent choice for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it certainly you might have missed out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to construct self-confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that clearly 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 simply implies am i alright with potentially losing a great quantity of this financial investment or gaining as

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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly implies they’ll lose eventually in their journey certainly individuals do make money too and i’ve got videos all about how you can make sure you are among individuals to really make money however in this situation ensure you research study your danger level would you be fine giving your money to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong products

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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too actually quickly over here you can copy people now it will give you a lot of options and you can utilize the system to really look for somebody that you fancy really following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has met that requirements and it does offer you a threat element 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 people that have rather high returns

keep in mind it’s like anything to do with the news or forecasts of the future this does not imply somebody 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 after that you know ask you to validate are you okay with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually buying so let’s enter 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 absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i invest in too which is good so actually 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 bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production business as that. Platform Etoro.

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