Etoro Discover – FAQ

On this post you’ll find the answer to Etoro Discover….Questions that i hear from new investors what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you want somebody to do it for you there’s just a couple of ways that that can happen the to start with you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps 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 also now if you’re brand new to an overall please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing

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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that choice as well so you in fact get utilized to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re buying real business if you pick to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not simply do something since that individual has said they have actually made earnings 14 months in a row buy these choices due to the fact that 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 understanding 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 option to see what other traders are doing unbelievable we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i wish to do precisely what that trader is doing or match that exact portfolio of options and generally each time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs included actually important you comprehend what are the costs of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero cost sites then might not charge you for in fact buying and selling etfs or funds specific commodities private stocks.

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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 understand prior to you in fact begin buying copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with fees really important to understand these now on there’s a number of fees there isn’t costs to do with in fact buying and selling alright so commission costs are free however there are a couple of other costs the very first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk cash.

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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 want to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say okay 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 one of those choices that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a charge to bear in mind the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not a choice 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 purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading two and 2 open market anyone at all this is standard they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they really providing 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 instead you have to pay their charges now the fantastic thing about though when you have actually transformed your money you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means 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 extra costs so that’s actually excellent utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to know 2 other charges the very first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you

on is generally the distinction that becomes part of the financial investment platform between the buy price and the list price all right 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 in fact indicates that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread out costs it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit money now the last feat is called an

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over night charge now this is truly crucial if you’re in fact utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which means you’re actually buying the exact possession instead of using take advantage of anyway you will not get hit with these fees but these fees 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 state if you enter into the aid section this isn’t the over night charges information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some added fees obviously depending upon what you are purchasing also this is on your own so keep that in mind however complete fees are totally within their aid information okay and we discussed as well as totally free 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 five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they don’t have any extra charges on top of the normal fees that

are there now what you require to bear in mind though is these possibly handled by other people completely or sometimes have actually developed portfolios you have actually got a genuine individual doing the management you need to make sure you pick the person that’s right for you just like any profession this is your financial properties so we absolutely need to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple 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 methods 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 charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your real money perhaps this is an excellent option for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it obviously you might have lost out on gains and losses throughout that time naturally if you had invested your genuine money it enables you to build confidence comprehend the platform so that’s one alternative 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 people and copy portfolios now here’s something to keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate 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 implies am i okay with potentially losing a great quantity of this investment or acquiring as

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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose at some time in their journey certainly individuals do make money as well and i have actually got videos everything about how you can make certain you’re one of the people to actually generate income but in this situation make certain you research your danger level would you be alright providing your cash to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products

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like gold or perhaps oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too really quickly over here you can copy people now it will give you a great deal of choices and you can use the system to actually look for somebody that you expensive in fact following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has met that criteria and it does give you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns

keep 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 might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to verify are you fine with this and off you go now another way to really 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 really buying so let’s enter 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 absolutely like kind of into those blue box and the tech industry she’s got some of mine really that i purchase too which is excellent so in fact for me understanding what i like to invest in 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 also got a little bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Discover.

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