On this post you’ll find the answer to Etoro High Fees….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you actually wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the firstly you can work with an investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 as well now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume because i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that alternative too so you really get used to the structure of the website and then 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 business if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row purchase these options because you believe is the right ones for you and that being stated let’s dive directly 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 probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit 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 specific portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for example 10 of their financial 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 involved truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no fee websites then may not charge you for actually buying and selling funds or etfs individual products specific 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 sort 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 know before you in fact begin purchasing copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with fees truly essential to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission charges are totally free nevertheless there are a number of other charges the very first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you offer your shares you offer your commodities 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 obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you might say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those options that they have a lot of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends totally how you’re investing however that is a cost to bear in mind the second charge that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading two and two open market anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually giving you in terms of 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 say give me us dollars instead you have to pay their charges now the excellent aspect of though when you have actually converted your money you do not have to invest it immediately that dollar worth can sit in your portfolio as cash 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 occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really great utilizing that part of their website won’t definitely restrict you in any way however we need to understand 2 other costs the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that belongs to the investment platform between the buy price and the 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 today tesla’s dollar value 599 per share in tesla that really indicates that when you wish to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that once again so the current cost of tesla is the value of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of profit from you each time you do a buyer’s share so keep that in mind undoubtedly 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 distinction between if you’re buying it then you wish to sell it which 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 but that’s one location every investment company will once again make a bit money now the last accomplishment is called an
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overnight charge now this is really important if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell deal in the exact same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re in fact buying the exact possession rather than using utilize anyway you won’t get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you enter into the assistance area this isn’t the over night 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 and that just applies as i stated to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind but full costs are entirely within their help information all right and we talked about as well as totally free 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 everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of really utilizing these copy functions they don’t have any extra costs on top of the typical costs that
are there now what you need to keep in mind though is these potentially handled by other people totally or in some cases have actually created portfolios you have actually got a real person doing the management you have to ensure you choose the person that’s right for you much like any kind of work this is your monetary possessions so we absolutely 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 want to utilize this function we have actually got a number of different 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 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 cash 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 utilizing 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 money perhaps this is an excellent option for you once again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you may have lost out on gains and losses throughout that time naturally if you had invested your genuine money it enables you to build confidence understand the platform so that’s one alternative 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 keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i fine with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that equally implies they’ll lose eventually in their journey undoubtedly people do make money also and i have actually got videos everything about how you can make sure you’re one of the people to in fact make money but in this circumstance make sure you research study your danger level would you be alright providing your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re investing in fully if you’re somebody who isn’t wanting to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too really quickly over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually search for someone that you fancy actually following so let’s see maybe we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually met that requirements and it does give you a risk aspect as well 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 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 indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another method 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 really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro High Fees.
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