Danny Kenna Etoro – FAQ

On this post you’ll find the answer to Danny Kenna Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you merely do not wish to decide 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 take place the to start with you can work with an investment portfolio manager they’ll usually 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 purchase mutual funds specific funds are created once 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 keep in mind this platform is rather advanced you can do cfds which naturally 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 learning more about please do study the platform don’t just assume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that choice too so you actually get used 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 naturally your capital is at threat 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 financial investments with your cash so clearly your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they have actually made profit 14 months in a row invest in these options since you think is the right ones for you which 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 element that is probably.

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well-known 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 and so that suggests with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and generally whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests 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 critical you understand what are the expenses of this now with any platform there will be some expense to certainly 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 charge sites then might not charge you for actually buying and selling funds or etfs individual commodities private stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type 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 before you really begin investing in 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 begin with fees really essential 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 totally free nevertheless there are a number of other charges the very first one is withdrawal charges so you can undoubtedly put cash 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 but when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those options that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you know depends entirely how you’re investing but that is a fee to bear in mind the 2nd cost that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s great that fits me.

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a lot of my stocks are us dollar stocks anyway 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 cost now when you use anyone so if you’re using trading 2 and 2 open market anyone at all this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there what are they really offering 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 state give me us dollars rather you have to pay their charges now the terrific feature of though when you’ve transformed your money you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really great utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand two other charges the first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you

on is essentially the difference that becomes part of the financial investment platform between the buy cost and the list 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 means that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you say alright well why does that occur it simply 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 which is how they make a little bit of cash on those spread out costs it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last feat is called an

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over night cost now this is actually crucial if you’re really using cfds yourself too an over night cost is when you’re not doing that buy offer transaction in the very same day fine there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which implies you’re actually buying the specific possession instead of using take advantage of anyhow you won’t get hit with these fees but these charges are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the help area this isn’t the over night costs details you can see exactly 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 applies as i stated to cfds there are some surcharges obviously depending on what you are investing in too this is on your own so keep that in mind but full costs are completely within their aid information all right and we discussed along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of actually utilizing these copy works they don’t have any extra costs on top of the normal fees that

are there now what you require to keep in mind though is these potentially handled by other individuals completely or often have actually 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 financial possessions so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of different options for us to start with 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 methods 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 need to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are using your own cash however really purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your genuine money maybe this is a great alternative for you once again to check the theories okay you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it obviously you might have missed out on gains and losses throughout that time obviously if you had actually invested your real money it enables you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that obviously 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 just suggests am i okay with possibly losing a great amount of this investment or gaining as

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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally means they’ll lose eventually in their journey undoubtedly individuals do make money as well and i have actually got videos all about how you can make sure you’re one of individuals to in fact earn money however in this situation ensure you research your threat level would you be all right providing your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that risky do not select somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products

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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too really easily over here you can copy people now it will provide you a lot of options and you can use the system to actually search for someone that you fancy actually following so let’s see maybe we want someone from unified kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has fulfilled that criteria and it does provide 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 obviously there are a variety of individuals that have quite high returns

bear 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 four or minus 50 there’s no way to guarantee 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 fine with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i invest in too which is great so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Danny Kenna Etoro.

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