Etoros Spokesman – FAQ

On this post you’ll find the answer to Etoros Spokesman….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to choose what you in fact want to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can work with a financial investment portfolio supervisor 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 of course you can buy 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 keep in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing

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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just presume 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 money they give that choice also so you really get utilized 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 naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that person has actually said they’ve made revenue 14 months in a row buy these options due to the fact that you believe is the right ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.

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famous for it’s the option to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that means if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really vital you comprehend what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no charge websites then may not charge you for in fact buying and selling etfs or funds specific products private stocks.

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there’ll be costs on other parts maybe it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to understand before you actually begin buying copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with costs actually important to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling alright so commission costs are totally free however there are a number of other costs the first one is withdrawal fees so you can certainly put money 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 in the future but when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering the minimum amount 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 ensure that i’m only withdrawing when i absolutely need to now you might state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those alternatives 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 mainly it can be maybe even once a year as soon as every six months you understand depends completely how you’re investing however that is a fee to remember the 2nd charge that i’ve touched upon is that conversion charge now with you’re handling us dollars only 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 anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really 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 state give me us dollars instead you have to pay their charges now the excellent thing about though when you have actually converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their site won’t definitely limit you in any way however we have to understand 2 other fees the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you

on is generally the difference that belongs to the financial investment platform between the buy price and the price okay it’s their premium on doing both those 2 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 means that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state alright well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread fees it’s usually exceptionally 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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over night charge now this is really important if you’re in fact utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an overnight cost charged or even 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 really buying out the etf the stock the commodity and using time one leverage which indicates you’re actually buying the precise asset rather than utilizing take advantage of anyway you won’t get hit with these charges however these costs are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the assistance area this isn’t the over night costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some added fees naturally depending on what you are investing in as well this is on your own so keep that in mind but full charges are entirely within their assistance information alright and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of really utilizing these copy works they do not have any additional fees on top of the normal costs that

exist now what you need to keep in mind though is these potentially handled by other people entirely or often have developed portfolios you have actually got a genuine person doing the management you need to make certain you pick the person that’s right for you similar to any line of work this is your monetary properties so we absolutely require 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 wish to use this function we’ve got a number of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not

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feeling comfortable with utilizing your real cash possibly this is a fantastic option for you once again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to type of safe have fun with it certainly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to go back 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest 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 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 generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that similarly implies they’ll lose eventually in their journey obviously people do generate income as well and i have actually got videos all about how you can ensure you’re one of individuals to really make money however in this circumstance make certain you research your risk level would you be fine offering your cash to someone else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re someone who isn’t wishing to be that dangerous do not pick somebody who’s completely into crypto or currency conversion think about 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 exact same with who you’re following now as i state you can actually use this too actually easily over here you can copy people now it will offer you a great deal of options and you can utilize the system to in fact search for somebody that you elegant really following so let’s see possibly we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has fulfilled that criteria and it does give you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns

remember it’s like anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make four 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 then you know ask you to confirm are you fine with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really buying 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 absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Etoros Spokesman.

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