On this post you’ll find the answer to Does Etoro Pay Interest….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to choose what you really want to invest and you want someone to do it for you there’s only a number of ways that that can occur the to start with you can hire a financial investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 too now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t 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 cash they give that alternative as well so you really get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something since that person has actually stated they have actually made profit 14 months in a row purchase these choices due to the fact that you believe is the right ones for you which being said 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’s part of social trading which is one aspect that is probably.
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popular for it’s the option to see what other traders are doing incredible we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can really state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they buy they sell whatever they do your cash will be imitated 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 likewise cover is the charges included really important you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 some of the no fee websites then may not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know prior to you actually begin purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s begin with costs actually crucial to understand these now on there’s a couple of costs there isn’t charges to do with really buying and selling alright so commission costs are complimentary however there are a couple of other charges the first one is withdrawal costs so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you sell your shares you sell your commodities 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply one of those options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every six months you understand depends entirely how you’re investing but that is a charge to keep in mind the 2nd cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and two open market anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge 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 offer me us dollars rather you need to pay their fees now the excellent thing about though when you’ve transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent using that part of their website will not definitely restrict you in any way however we have to understand two other costs the very first being what’s called spread fees alright and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the investment platform 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 site today tesla’s dollar worth 599 per share in tesla that really implies that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the current rate 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 find this everywhere this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive 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 great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread out costs it’s generally 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 little bit money now the last accomplishment is called an
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overnight fee now this is truly essential if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy offer deal in the exact same day okay there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact purchasing the exact possession instead of utilizing utilize anyhow you will not get hit with these costs but these costs are if you’re using take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the help section this isn’t the overnight fees details 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 just uses as i said to cfds there are some surcharges naturally depending on what you are buying too this is on your own so keep that in mind but full fees are entirely within their assistance details fine and we discussed as well as 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 everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of in fact utilizing these copy functions they do not have any extra costs on top of the normal charges that
are there now what you need to keep in mind though is these potentially managed by other people entirely or often have actually developed portfolios you have actually got a real person doing the management you have to make sure you pick the individual that’s right for you just like any line of work this is your financial possessions so we definitely require to make sure 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 choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine cash perhaps this is a fantastic choice for you once again to evaluate the theories fine you may wish to purchase tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it obviously you may have lost out on gains and losses during that time obviously if you had invested your real cash it allows you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind before 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 say the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i okay with potentially losing a good quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that similarly means they’ll lose at some point in their journey clearly people do make money too and i’ve got videos all about how you can make certain you’re one of individuals to in fact earn money but in this situation make certain you research study your threat level would you be all right offering your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that risky do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional 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 easily over here you can copy people now it will provide you a great deal of choices and you can use the system to really search for somebody that you fancy in fact following so let’s see perhaps we want someone from unified kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually fulfilled that requirements and it does provide you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might 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 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 example ruby mza as an example you can in fact deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is excellent so in fact for me understanding what i like to buy my specific 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 sort of main food business and you’ve got you know pharmaceutical and production companies as that. Does Etoro Pay Interest.
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