We get htis a lot on our site the answer to What Credit Cards Does Etoro Accept….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely do not want to choose what you actually want to invest and you want someone to do it for you there’s only a couple of ways that that can take place the to start with you can hire a financial investment portfolio manager they’ll generally 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 obviously you can purchase mutual funds particular funds are developed 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 remember this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform do not just assume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that option also so you actually get utilized 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 obviously your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that person has actually stated they’ve made revenue 14 months in a row buy these choices since you think is the ideal ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending 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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well-known for it’s the choice to see what other traders are doing incredible we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can actually state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that means if for example 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 likewise cover is the costs involved actually critical you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero fee sites then may not charge you for in fact buying and selling etfs or funds private products specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 really begin buying copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with costs actually important to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling alright so commission costs are free however there are a couple of other fees the very first one is withdrawal fees so you can undoubtedly put money in now if you’re 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 later on however when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are just one of those alternatives that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you understand depends entirely how you’re investing however that is a fee to keep in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway 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 charge now when you utilize anybody so if you’re using trading two and 2 open market anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion charge 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 haggle with them you can’t go to the bank and say offer me us dollars instead you need to pay their costs now the great feature of though when you’ve transformed your money you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent utilizing that part of their site won’t definitely limit you in any way however we have to understand 2 other charges the very first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is essentially the difference that becomes part of the financial investment platform between the buy rate 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 right now tesla’s dollar value 599 per share in tesla that really means 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 once again so the existing cost of tesla is the worth of a share what’s called spread costs is the distinction then in fact to purchase 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 every 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 alright well why does that happen 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 little bit of money on those spread out fees 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 little bit money now the last feat is called an
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over night cost now this is actually essential if you’re actually using cfds yourself also an over night charge is when you’re not doing that buy offer transaction in the very same day all right there’s then an over night fee charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one take advantage of which means you’re really purchasing the specific property rather than utilizing utilize anyhow you will not get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the aid section this isn’t the overnight costs information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges obviously depending upon what you are investing in also this is on your own so keep that in mind but complete costs are completely within their assistance details all right and we talked about along with complimentary 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 whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of in fact using these copy operates they don’t have any extra charges on top of the regular costs that
are there now what you need to remember though is these potentially handled by other individuals entirely or often have created portfolios you’ve got a real individual doing the management you have to ensure you select the person that’s right for you similar to any profession this is your financial possessions 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 wish to use this function we have actually got a number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine 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 won’t require to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent option for you once again to check the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it clearly you might have lost out on gains and losses throughout that time obviously if you had actually invested your real money it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i suggest by that obviously 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 suggests am i fine with potentially losing a great quantity of this financial investment or getting as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money however that equally implies they’ll lose at some point in their journey obviously individuals do earn money also and i’ve got videos everything about how you can ensure you are among individuals to actually earn money but in this circumstance make certain you research study your risk level would you be fine giving your cash to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not choose someone who’s totally into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might 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 really use this too actually easily over here you can copy people now it will offer you a lot of choices and you can use the system to actually search for somebody that you fancy really following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has actually satisfied that criteria and it does offer you a risk factor 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 people that have quite high returns
remember it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you all right with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine actually that i purchase too which is excellent so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. What Credit Cards Does Etoro Accept.
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