60 On Etoro – FAQ

On this post you’ll find the answer to 60 On Etoro….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you really want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the first of all you can work with an investment portfolio manager they’ll normally charge a rather 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 particular funds are produced 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 ways of investing

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with not really having the full amount 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 away do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you really get used to the structure of the website and then when you’re ready to use your own cash 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 genuine companies if you choose to in this specific video we’re discussing 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 person has said they have actually made revenue 14 months in a row invest in these choices since you believe is the best ones for you and that being stated let’s dive straight 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 aspect that is probably.

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famous for it’s the alternative to see what other traders are doing extraordinary we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included really critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real companies 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 no cost sites then may not charge you for in fact buying and selling etfs or funds private products private stocks.

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there’ll be costs 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 reveal you the costs with in particular in this video the next would be things to know prior to you in fact start investing in copy trading or copy portfolios and lastly some best advice finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really essential to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling all right so commission costs are free nevertheless there are a number of other fees 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 immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among 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 maybe even once a year when every 6 months you know depends entirely how you’re investing but that is a fee to bear in mind the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase 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 and 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 using trading 2 and 2 open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really giving you in terms of 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 instead you have to pay their costs now the excellent thing about though when you have actually transformed your money you do not need to invest it right now 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 transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly great using that part of their website won’t certainly limit you in any way however we have to know two other fees the first being what’s called spread charges alright and i’m going to show you what i imply on now a spread fee as i’m going to reveal you

on is generally the distinction that belongs to the investment platform between the buy price and the list price alright 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 value 599 per share in tesla that in fact implies that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind clearly 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 all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread costs it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last task is called an

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over night fee now this is really important if you’re really using cfds yourself as well an over night charge is when you’re not doing that buy offer transaction in the same day all right there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which suggests you’re in fact buying the specific asset rather than utilizing leverage anyhow you will not get hit with these charges but these costs are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you enter into the help 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 overnight or you’re doing over weekends and that only uses as i said to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but complete fees are completely within their assistance details fine and we talked about along with totally free to deposit in but there’s a five dollar charge if you want 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 have actually stated copy trading and copy portfolios are two various ways of really utilizing these copy operates they do not have any extra costs on top of the typical costs that

are there now what you need to remember though is these potentially handled by other people entirely or often have actually developed portfolios you’ve got a real person doing the management you need to make certain you choose the person that’s right for you just like any line of work this is your monetary properties so we definitely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money however actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real money maybe this is a terrific option for you once again to check the theories all right you may want to buy tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it obviously you might have lost out on gains and losses throughout that time obviously if you had invested your genuine money it allows you to build confidence understand the platform so that’s one alternative 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 bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i alright with possibly losing a great amount of this investment or gaining 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 statistic 75 individuals will lose money but that equally indicates they’ll lose eventually in their journey clearly individuals do make money too and i’ve got videos everything about how you can make sure you’re one of individuals to actually generate income however in this circumstance make sure you research study your danger level would you be fine providing your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities

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like gold or perhaps oil plus more traditional 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 actually utilize this too truly easily over here you can copy people now it will offer you a great deal of options and you can use the system to really search for somebody that you elegant actually following so let’s see possibly we desire someone from unified kingdom um who buys let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually fulfilled that requirements and it does give you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns

remember it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method 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 investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production business as that. 60 On Etoro.

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