On this post you’ll find the answer to Etoro Why Are Weekend Fees Charged On Wednesdays….Questions that i speak with 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 only a couple of manner ins which that can take place the firstly you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are produced 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 a total please remember this platform is rather advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t simply assume because i use it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you actually get utilized to the structure of the site and after that when you’re ready to utilize 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 buying genuine companies if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they’ve made profit 14 months in a row purchase these options because you think is the best ones for you and that being stated let’s dive directly 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 becomes part of social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically each time they make a trade they buy they sell whatever they do your money will be imitated with it so that suggests 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 costs included truly important you understand what are the expenses of this now with any platform there will be some expense to clearly 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 fee websites then might not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some finest advice finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs truly important to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling all right so commission costs are complimentary however there are a number of other charges the very first one is withdrawal fees so you can undoubtedly 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 in the future however when you want to withdraw your money so you sell your shares you sell 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 naturally understanding that i’m going to make certain that i’m only withdrawing when i definitely need to now you might 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 fees are simply one of those alternatives that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a cost to remember the 2nd fee 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 and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway 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 charge now when you use anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i expect stuck with 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 is there what are they in fact offering 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 provide me us dollars instead you have to pay their charges now the great feature of though when you’ve transformed your money 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 suggests the preliminary 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 additional fees so that’s actually great using that part of their site won’t definitely limit you in any way however we need to understand 2 other fees the first being what’s called spread costs all right and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is basically the difference that is part of the investment platform in between the buy rate and the 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 actually suggests that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you each time you do a buyer’s share so keep that in mind undoubtedly 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 state alright well why does that occur it just 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 sell it which is how they make a bit of money on those spread costs 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 bit cash now the last task is called an
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overnight charge now this is really important if you’re in fact utilizing cfds yourself also an overnight cost is when you’re not doing that buy sell deal in the same day alright there’s then an over night fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re in fact buying the specific asset instead of using utilize anyhow you will not get hit with these charges but these costs are if you’re using take advantage of and cfds and then you’re going to have these charges 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 fees information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some surcharges of course depending on what you are investing in as well this is on your own so keep that in mind however full charges are entirely within their aid info all right and we talked about along with free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of really utilizing these copy works they do not have any extra fees on top of the regular fees that
are there now what you need to keep in mind though is these potentially handled by other people entirely or in some cases have created portfolios you’ve got a real individual doing the management you need to make sure you pick the individual that’s right for you much like any profession this is your monetary assets so we absolutely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is an excellent choice for you again to test the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your real money it allows you to construct 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 actually 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 ensure you understand what your risk profile is now what do i mean by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just implies am i okay with potentially losing a great amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that similarly indicates they’ll lose at some time in their journey certainly people do make money as well and i have actually got videos everything about how you can make certain you’re one of the people to actually generate income however in this situation make sure you research your danger level would you be all right offering your money to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold and even oil plus more conventional 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 state you can really use this too really quickly over here you can copy people now it will provide you a great deal of choices and you can utilize the system to really look for someone that you fancy actually following so let’s see possibly we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has actually satisfied that criteria and it does give you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
remember it resembles 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 guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you fine 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 really deep dive into what is she actually 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 little bit so that’s good to understand 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 excellent so really for me understanding what i like to invest in 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 chooses she’s also got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Why Are Weekend Fees Charged On Wednesdays.
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