Etoro Millionaires – FAQ

On this post you’ll find the answer to Etoro Millionaires….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you actually wish to invest and you want somebody to do it for you there’s just a couple of manner ins which that can happen the to start with you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular 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 innovative you can do cfds which of course cfds are ways 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 don’t just assume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really get used to the structure of the website 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 threat this is investing we’re doing you’re buying real business if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something because that individual has said they’ve made revenue 14 months in a row purchase these options since you believe is the right ones for you and that being said let’s dive straight in [Music] 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 probably.

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popular for it’s the choice to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can really state i want to do exactly what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for example 10 of their financial 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 costs involved actually crucial you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real 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 cost sites then might not charge you for actually buying and selling etfs or funds private commodities individual stocks.

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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds 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 before you really start purchasing copy trading or copy portfolios and lastly some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs really important to understand these now on there’s a number of fees there isn’t fees to do with in fact buying and selling alright so commission costs are complimentary nevertheless there are a couple of other charges the very first one is withdrawal costs so you can certainly put cash in now if you’re 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 later but when you wish to withdraw your cash so you sell 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 of course knowing that i’m going to make sure that i’m only withdrawing when i absolutely require to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those options that they have a great deal of platforms obviously are free 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 when 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 buy in euros or uk which’s fine that fits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good 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 two free trade anyone at all this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 offer me us dollars rather you need to pay their charges now the fantastic aspect of though when you have actually transformed your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary 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 extra charges so that’s truly great using that part of their website will not certainly limit you in any way however we have to understand 2 other charges the very first being what’s called spread charges all right and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you

on is generally the distinction that becomes part of the investment platform in between the buy cost 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 right now tesla’s dollar value 599 per share in tesla that really implies that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges is the difference then actually 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 benefit from you each time you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that happen 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 little bit of money on those spread costs it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last task is called an

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over night fee now this is truly important if you’re really utilizing cfds yourself also an over night charge is when you’re refraining from doing that buy sell transaction in the exact same day fine 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 actually buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact buying the precise asset rather than using leverage anyhow you will not get hit with these fees however these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you go into the assistance section 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 costs then for when you’re doing over night or you’re doing over weekends and that only applies as i said to cfds there are some surcharges of course depending on what you are buying as well this is on your own so keep that in mind but complete costs are entirely within their help information all right and we discussed as well as totally free to deposit in but there’s a 5 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 fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they do not have any additional costs on top of the typical charges that

exist now what you need to bear in mind though is these possibly managed by other people completely or sometimes have actually developed portfolios you’ve got a genuine person doing the management you have to ensure you pick the person that’s right for you much like any type of work this is your financial properties so we definitely need to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple 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 money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own cash however actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your real cash possibly this is an excellent alternative for you again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had invested your real money it permits you to construct self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i indicate by that certainly 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 just suggests am i all right with potentially losing a great amount of this financial investment or gaining as

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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 people will lose money however that equally indicates they’ll lose at some point in their journey undoubtedly individuals do make money too and i’ve got videos all about how you can make certain you are among individuals to actually generate income however in this scenario make certain you research your threat level would you be alright offering your money to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky do not choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products

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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too actually quickly over here you can copy people now it will give you a great deal of options and you can utilize the system to in fact look for someone that you expensive actually following so let’s see maybe we desire someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has actually fulfilled that requirements and it does offer you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns

keep in mind it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four 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 know ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Millionaires.

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