Where Can I Find My Etoro Id – Ask Mary Traders

We get htis a lot on our site the answer to Where Can I Find My Etoro Id….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to decide what you actually wish to invest and you want someone to do it for you there’s just a couple of ways that that can happen the first of all 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 profits will go to them the other thing is obviously you can buy 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 too now if you’re brand new to an overall please remember 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 full amount of capital so with anything that you’re learning about please do study the platform don’t just presume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you really get used to the structure of the website 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 genuine business if you choose to in this particular video we’re talking about how to copy other people’s investments with your money so certainly 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 because you believe is the ideal ones for you and that being said let’s dive directly 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 becomes part of social trading which is one element that is most likely.

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well-known for it’s the option to see what other traders are doing unbelievable 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 money we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they offer whatever they do your money will be simulated 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 cash in so we’re going to also cover is the charges involved truly vital you understand what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the purchasing 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 actually buying and selling funds or etfs individual commodities specific 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 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 actually start purchasing copy trading or copy portfolios and lastly some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with charges actually crucial to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling okay so commission charges are complimentary nevertheless there are a number of other charges the very first one is withdrawal costs so you can clearly 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 in the future but when you want to withdraw your cash so you offer 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 5 dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state alright that’s quite 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 fees are simply one of those options that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing but that is a cost to keep in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option 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 purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anybody this is basic they have i suppose stuck with 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 cost is there what are they actually offering 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 give me us dollars instead you have to pay their costs now the excellent feature of however when you’ve converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent utilizing that part of their website will not certainly limit you in any way nevertheless we need to be aware of two other fees the very first being what’s called spread fees 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 distinction that belongs to the investment platform in between the buy price and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you say okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference 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 out fees it’s generally incredibly small 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 cost now this is truly important if you’re actually using cfds yourself too an overnight charge is when you’re not doing that buy sell deal in the very same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which implies you’re in fact purchasing the specific asset rather than using utilize anyway you won’t get hit with these charges however these charges are if you’re utilizing utilize 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 fees information 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 which only uses as i said to cfds there are some additional charges obviously depending on what you are buying also this is on your own so keep that in mind however full fees are totally within their aid information okay and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of in fact using these copy operates they do not have any extra costs on top of the regular fees that

exist now what you need to bear in mind though is these possibly managed by other individuals entirely or often have produced portfolios you’ve got a real person doing the management you have to make sure you select the person that’s right for you much like any line of work this is your financial assets so we absolutely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play 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 cash but really buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real cash perhaps this is a terrific option for you again to test the theories okay you may want to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe have fun 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 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 in fact how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i imply by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply means am i all right with potentially losing a great amount of this investment or gaining as

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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose money but that similarly means they’ll lose at some point in their journey clearly individuals do make money as well and i’ve got videos everything about how you can make sure you are among individuals to actually make money however in this circumstance make certain you research study your threat level would you be fine giving your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products

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like gold and even oil plus more conventional 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 say you can actually use this too actually quickly over here you can copy people now it will give you a great deal of choices and you can use the system to actually search for someone that you expensive really following so let’s see possibly we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has satisfied that criteria and it does provide you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people 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 somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify 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 in fact deep dive into what is she in fact 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 know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is good so really for me understanding what i like to invest in my individual 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 also got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Where Can I Find My Etoro Id.

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