Etoro W8Ben – FAQ

On this post you’ll find the answer to Etoro W8Ben….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you actually wish to invest and you desire somebody to do it for you there’s only a number of ways that that can take place the first off you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are produced 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 remember this platform is quite sophisticated you can do cfds which naturally cfds are ways of investing

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with not actually having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice 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 cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not just do something since that person has stated they’ve made earnings 14 months in a row purchase these choices since you believe is the ideal ones for you which being stated 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 element that is most likely.

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popular for it’s the alternative to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of choices and basically each time they make a trade they purchase they sell whatever they do your cash will be imitated 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 cash in so we’re going to likewise cover is the fees included truly important you understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 some of the zero charge sites then may not charge you for in fact buying and selling etfs or funds individual products private stocks.

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there’ll be costs on other parts possibly 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 reveal you the fees with in particular in this video the next would be things to understand prior to you actually begin purchasing copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with costs actually essential to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling all right so commission costs are totally free however there are a couple of other charges the very first one is withdrawal fees so you can obviously put cash in now if you’re in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you offer your shares you offer your commodities 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 obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those options that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every six months you understand depends completely how you’re investing but that is a cost to bear in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.

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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they in fact 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 need to pay their fees now the excellent aspect of though when you’ve converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase 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 truly excellent using that part of their site won’t definitely restrict you in any way however we need to understand two other costs the very first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you

on is generally the distinction that belongs to the financial investment platform in between the buy price and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really suggests that when you want to offer or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread charges is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread fees it’s usually 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 cash now the last task is called an

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over night cost now this is actually essential if you’re really using cfds yourself too an over night charge is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re really buying the specific asset instead of using utilize anyhow you won’t get hit with these costs but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the help section this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i said 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 but full costs are totally within their aid details fine and we spoke about as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of in fact utilizing these copy works they don’t have any extra charges on top of the typical costs that

are there now what you need to remember though is these potentially managed by other individuals completely or in some cases have produced portfolios you have actually got a real person doing the management you have to ensure you select the individual that’s right for you similar to any profession this is your monetary possessions so we definitely need to ensure it’s the ideal 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 number of various 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 genuine cash 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 need to put in your credit card information or anything you can basically have this virtual portfolio mimic as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine cash possibly this is an excellent choice for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it certainly you might have missed out on gains and losses throughout that time of course if you had actually invested your real cash it permits you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that obviously 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 indicates am i okay with possibly losing a great amount of this investment or gaining as

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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that equally suggests they’ll lose eventually in their journey clearly individuals do generate income also and i’ve got videos all about how you can make sure you are among individuals to really earn money however in this situation make sure you research your threat level would you be alright offering your money to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous don’t pick someone who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities

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like gold and even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too truly easily over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact look for someone that you expensive really following so let’s see maybe we want someone from joined kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everyone who has satisfied that requirements and it does provide 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 undoubtedly there are a number of people 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 four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to confirm are you okay with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing 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 know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is great so really for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro W8Ben.

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