Etoro South Africa Fees – Turtles of Trading

On this post you’ll find the answer to Etoro South Africa Fees….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not wish to decide what you actually want to invest and you want somebody to do it for you there’s just a number of ways that that can take place the to start with you can employ a financial investment portfolio manager they’ll typically 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 specific 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 also now if you’re brand new to a total please keep in mind this platform is rather advanced you can do cfds which naturally cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re learning about please do study the platform don’t just presume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that alternative as well so you in fact 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 of course your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row purchase these options because you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.

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famous for it’s the option 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 implies with our money we can really state i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved truly critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business 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 cost websites then might not charge you for in fact buying and selling etfs or funds individual products specific stocks.

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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 understand prior to you actually start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with costs really important to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling alright so commission fees are totally free nevertheless there are a number of other charges the first one is withdrawal costs so you can clearly put cash 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 but when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling 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 just withdrawing when i absolutely require to now you may 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 costs somewhere and withdrawal charges are simply one of those options that they have a lot of platforms clearly 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 totally how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s great that suits 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 great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and 2 open market anyone at all this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you type of need to accept you understand if you wish to use their platform go from uk to us then that conversion cost is there what are they really providing 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 say offer me us dollars rather you have to pay their fees now the terrific aspect of however when you’ve transformed your cash you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really good utilizing that part of their site will not definitely limit you in any way nevertheless we have to know 2 other fees the very first being what’s called spread charges okay 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 list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you state alright 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 want to offer it which is how they make a bit of money on those spread out costs it’s typically incredibly little 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 task is called an

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over night charge now this is really important if you’re actually using cfds yourself also an overnight fee is when you’re refraining from doing that buy offer transaction in the same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which means you’re in fact buying the specific possession instead of using utilize anyhow you will not get hit with these charges however these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you enter into the assistance section this isn’t the overnight charges information you can see exactly 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 which only applies as i stated to cfds there are some added fees of course depending on what you are buying as well this is on your own so keep that in mind however complete costs are completely within their aid details alright and we talked about in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever 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 ways of really utilizing these copy operates they don’t have any additional charges on top of the normal costs that

are there now what you need to keep in mind though is these potentially handled by other individuals totally or in some cases have created portfolios you’ve got a genuine individual doing the management you need to make sure you pick the individual that’s right for you just like any profession this is your financial assets so we definitely need to make sure it’s the right individual for us prior to 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 to start with if you’re brand new to investing i wish 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 won’t require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your real cash possibly this is a great choice for you once again to test the theories okay you may want to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had invested your genuine money it enables you to build self-confidence understand 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 really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just implies am i alright with possibly losing a great quantity of this financial investment or getting as

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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money but that similarly suggests they’ll lose at some point in their journey undoubtedly individuals do make money as well and i’ve got videos everything about how you can ensure you’re one of the people to really generate income however in this scenario make sure you research study your risk level would you be alright giving your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that risky do not choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products

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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too really quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to actually look for somebody that you elegant actually following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has satisfied that requirements and it does provide you a danger 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 number of individuals 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 suggest someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure 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 confirm are you okay with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact 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 definitely like sort of into those blue box and the tech market she’s got a few of mine really that i invest in too which is good so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro South Africa Fees.

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