Dax Etoro – FAQ

On this post you’ll find the answer to Dax Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely do not wish to decide what you really want to invest and you want somebody to do it for you there’s only a number of manner ins which that can take place the first of all you can hire a financial investment portfolio supervisor they’ll usually 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 naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to an overall please bear in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you in fact get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in genuine business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has actually said they’ve made revenue 14 months in a row invest in these choices due to the fact that you think is the best ones for you which being said let’s dive directly in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.

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well-known for it’s the choice to see what other traders are doing incredible we don’t typically 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 cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that implies if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs involved truly important you understand what are the costs of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no charge websites then might not charge you for really buying and selling funds or etfs individual products 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 know prior to you actually start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with costs actually important to understand these now on there’s a number of fees there isn’t charges to do with really buying and selling fine so commission fees are complimentary however there are a couple of other costs the first one is withdrawal costs so you can clearly put money 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 money so you sell your shares you sell 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 of course understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those choices that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you know depends completely how you’re investing but that is a fee to bear in mind the second charge that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s fine 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 excellent 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 2 free trade anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they in fact giving 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 state give me us dollars instead you have to pay their costs now the fantastic aspect of though when you have actually transformed your money you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you buy or transform 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 website won’t definitely limit you in any way nevertheless we have to understand 2 other costs the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread cost as i’m going to show you

on is generally the distinction that belongs to the financial investment platform in between the buy cost 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 site today tesla’s dollar value 599 per share in tesla that really suggests that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last feat is called an

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overnight fee now this is really important if you’re in fact using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the same day fine 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 in fact buying out the etf the stock the product and using time one utilize which suggests you’re really purchasing the specific asset rather than utilizing take advantage of anyway you won’t get hit with these charges however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the help area this isn’t the over night fees 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 which only applies as i said to cfds there are some surcharges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are totally within their aid info all right and we spoke about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they do not have any extra fees on top of the normal costs that

exist now what you need to keep in mind though is these possibly managed by other people totally or often have produced portfolios you’ve got a genuine person doing the management you have to make certain you choose the individual that’s right for you similar to any type of work this is your financial properties so we definitely need 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 wish to utilize this function we’ve got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods 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 need to put in your credit card information or anything you can basically 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 comfy with using your real cash perhaps this is a terrific alternative for you again to test the theories alright you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it obviously you may have lost out on gains and losses during that time of course if you had invested your real money it allows you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply 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 fine with possibly losing a good amount of this investment or acquiring 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 statistic 75 individuals will lose money however that equally indicates they’ll lose eventually in their journey undoubtedly individuals do make money too and i’ve got videos all about how you can ensure you are among individuals to really make money but in this situation ensure you research your threat level would you be okay offering your cash to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky don’t select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities

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like gold and even oil plus more conventional etfs and index funds you may not desire 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 truly quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to really look for somebody that you elegant in fact following so let’s see perhaps we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually satisfied that requirements and it does provide you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns

bear in mind it resembles anything to do with the news or forecasts of the future this does not suggest 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 alright with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually buying 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 understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine really that i purchase too which is great so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production business as that. Dax Etoro.

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