Etoro Good Or Bad – FAQ

On this post you’ll find the answer to Etoro Good Or Bad….Questions that i hear from new investors what if you’re brand new to investing you just don’t wish to decide what you really wish to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the first of all you can employ a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular 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 too now if you’re brand new to an overall please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing

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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not simply assume because i use 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 alternative too so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not simply do something because that person has actually said they have actually made revenue 14 months in a row invest in these choices because you think is the right ones for you and that being stated 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 becomes part of social trading which is one aspect that is probably.

etoro portfolio for a  trader or investors risk with cfds and social trading

well-known for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact state 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 sell whatever they do your cash will be simulated with it so that implies if for example 10 of their 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 fees involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then might not charge you for really buying and selling etfs or funds specific 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 reveal you the fees with in particular in this video the next would be things to know prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with costs truly important to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission charges are free however there are a number of other fees the first one is withdrawal fees so you can certainly put money in now if you’re 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 later on however when you want to withdraw your money so you offer your shares you sell your products 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state alright that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those choices that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you know depends completely how you’re investing however that is a charge to remember the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches me.

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a lot of my stocks are us dollar stocks anyhow 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 fee now when you use anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists 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 offer me us dollars rather you need to pay their fees now the great thing about though when you’ve transformed your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent utilizing that part of their site will not definitely restrict you in any way however we need to be aware of two other charges the first being what’s called spread charges fine and i’m going to show you what i suggest on now a spread charge as i’m going to show you

on is generally the difference that becomes part of the financial investment platform between the buy cost 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 worth 599 per share in tesla that actually indicates that when you wish to offer or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of profit from you each time you do a purchaser’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that occur it simply 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 money on those spread out fees it’s normally incredibly 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 feat is called an

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overnight cost now this is really important if you’re actually using cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an overnight charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re actually buying the precise property instead of utilizing take advantage of anyway you won’t get hit with these costs but these costs are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the aid area this isn’t the over night costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some surcharges of course depending upon what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their assistance information fine and we discussed as well as complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact using these copy operates they don’t have any additional costs on top of the typical charges that

are there now what you require to remember though is these possibly managed by other individuals completely or in some cases have actually created portfolios you’ve got a real person doing the management you have to make certain you pick the person that’s right for you just like any type of work this is your financial assets so we definitely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play 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 essentially have this virtual portfolio simulate as if you are using your own money but 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 possibly this is a great choice for you again to test the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it enables you to construct confidence understand 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 keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk 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 financial investments the riskier you can be risk just indicates am i alright with possibly losing an excellent quantity of this financial investment or acquiring as

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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally means they’ll lose eventually in their journey certainly people do make money also and i have actually got videos everything about how you can ensure you’re one of individuals to really earn money however in this circumstance ensure you research your threat level would you be alright providing your cash to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t select someone who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities

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like gold or even oil plus more standard 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 state you can actually use this too truly easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to in fact search for someone that you expensive actually following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has satisfied that requirements and it does give you a risk aspect also 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

remember it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you fine with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually 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 little bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine really that i invest in too which is excellent so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Good Or Bad.

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