On this post you’ll find the answer to Etoro Card Declined….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can happen the firstly you can work with an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are developed once 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 an overall please bear in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that individual has said they’ve made earnings 14 months in a row purchase these choices because you believe is the ideal ones for you and that being stated let’s dive straight 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 aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually say i want to do exactly what that trader is doing or match that specific portfolio of alternatives and generally each time they make a trade they buy they offer whatever they do your cash will be imitated with it so that means 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 fees involved actually critical you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine 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 absolutely no fee websites then may not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs 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 before you in fact start buying copy trading or copy portfolios and lastly some best advice finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees really important to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal charges so you can certainly put cash in now if you remain in the uk we put our uk money.
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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 cash so you offer your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might say okay that’s quite 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 costs are simply among those choices that they have a great deal of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends totally how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee 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 give me us dollars instead you have to pay their costs now the great feature of however when you’ve transformed your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great utilizing that part of their site won’t certainly restrict you in any way nevertheless we need to be aware of two other charges the first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the investment platform in between the buy price and the sale price all right 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 in fact suggests that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference in 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 charges it’s normally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit money now the last feat is called an
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overnight cost now this is truly essential if you’re really utilizing cfds yourself also an overnight charge is when you’re not doing that buy sell transaction in the same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which means you’re really buying the exact asset rather than using take advantage of anyway you won’t get hit with these charges but these costs are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s say if you go into the aid 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some added fees of course depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are entirely within their help info all right and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any additional charges on top of the normal costs that
are there now what you require to remember though is these possibly managed by other individuals completely or often have actually developed portfolios you have actually got a genuine individual doing the management you have to make sure you pick the person that’s right for you similar to any kind of work this is your monetary assets so we definitely require to ensure it’s the best individual 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 various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play 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 using your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a fantastic alternative for you once again to evaluate the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it enables you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back 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 before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply means am i alright with possibly losing an excellent amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals 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 all about how you can make sure you are among the people to in fact earn money but in this scenario make certain you research study your threat level would you be all right giving your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that risky don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold and even oil plus more conventional 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 actually utilize this too really quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to really look for someone that you elegant in fact following so let’s see possibly we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has fulfilled that requirements and it does provide you a risk aspect too 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 rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee 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 verify are you fine with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can in fact 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 bit so that’s great to understand 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 buy my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Card Declined.
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