On this post you’ll find the answer to Etoro Account Statement In Euro….Questions that i speak with new investors what if you’re brand new to investing you simply do not want to decide 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 take place the first of all you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are produced 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 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 presume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative too so you actually get utilized 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 risk this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at danger and we need to bear that in mind do not just do something because that person has stated they’ve made revenue 14 months in a row purchase these choices since you believe 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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popular for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can actually say i want to do exactly what that trader is doing or match that precise portfolio of choices and essentially 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 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 included truly vital you understand what are the expenses of this now with any platform there will be some expense to clearly these are real business 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 absolutely no charge sites then might not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you actually start investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with charges truly essential to understand these now on there’s a couple of costs there isn’t costs to do with actually buying and selling fine so commission fees are free however there are a number of other charges the first one is withdrawal fees 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 automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you offer your shares you sell 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say all right that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply among those alternatives that they have a lot of platforms certainly are free 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 as soon as every 6 months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’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 buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two free trade anybody this is standard they have i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge 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 haggle with them you can’t go to the bank and state provide me us dollars instead you have to pay their fees now the terrific feature of though when you’ve converted your money you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent using that part of their site will not certainly limit you in any way nevertheless we have to understand two other fees the first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is basically the difference that becomes part of the financial investment platform in between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really means that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing cost of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind obviously 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 okay well why does that happen 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 which is how they make a bit of money on those spread costs it’s normally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last feat is called an
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overnight fee now this is actually essential if you’re in fact utilizing cfds yourself as well an overnight fee is when you’re not doing that buy sell deal in the same day all right there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which suggests you’re actually purchasing the specific possession instead of using utilize anyway you won’t get hit with these costs however these charges are if you’re utilizing leverage 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 enter into the help area this isn’t the over night charges information 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 over night or you’re doing over weekends which only uses as i said to cfds there are some added fees obviously depending on what you are purchasing too this is on your own so keep that in mind however complete costs are totally within their aid information fine and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product 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 two various ways of actually utilizing these copy functions they don’t have any additional charges on top of the normal costs that
exist now what you need to remember though is these potentially handled by other individuals completely or sometimes have actually developed portfolios you’ve got a genuine person doing the management you need to make certain you choose the individual that’s right for you similar to any kind of work this is your financial possessions so we absolutely 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 wish to utilize this function we have actually got a number of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i believe 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 credit card details or anything you can generally have this virtual portfolio simulate 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 real cash possibly this is a great choice for you again to test the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe have fun with it clearly you may have missed out on gains and losses throughout that time naturally if you had invested your real cash it allows you to develop self-confidence understand the platform so that’s one choice 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 remember before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that clearly 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 indicates am i alright with possibly losing an excellent amount of this investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 people will lose money however that similarly implies they’ll lose eventually in their journey undoubtedly individuals do make money as well and i have actually got videos everything about how you can make certain you are among individuals to really earn money however in this situation make sure you research your danger level would you be okay giving your money to another person which is effectively what you’re doing and trusting them make sure you understand what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really utilize this too truly easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact search for someone that you fancy in fact following so let’s see perhaps we desire someone from unified kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has satisfied that requirements and it does give you a danger aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite 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 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic 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 actually 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 investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Account Statement In Euro.
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