On this post you’ll find the answer to How Do I Contact Customer Services On Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply do not want to decide what you really wish to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the first of all you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can buy 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 remember this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not really 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 play around with it even invest with virtual money they consider that alternative as well so you actually 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 naturally your capital is at danger this is investing we’re doing you’re investing in real business if you pick to in this particular video we’re speaking about how to copy other people’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has said they’ve made revenue 14 months in a row purchase these choices due to the fact that you believe is the ideal ones for you which 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 element that is most likely.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can really state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates if for instance 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 fees included really critical you understand what are the costs of this now with any platform there will be some expense to certainly 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 a few of the absolutely no charge websites then may not charge you for really buying and selling etfs or funds specific commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing 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 know prior to you really begin investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with charges really important to comprehend these now on there’s a number of fees there isn’t charges to do with really buying and selling fine so commission fees are free however there are a number of other fees the very first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future but when you want to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you may say all right that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are just among those choices 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 mostly it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a fee to remember the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.
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a great deal 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 cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anybody this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really giving 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 offer me us dollars instead you need to pay their fees now the great thing about however when you’ve converted your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the initial 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 charges so that’s actually great using that part of their website will not certainly limit you in any way however we need to understand 2 other charges the first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the price okay 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 implies that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the existing price 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 small amount of benefit from you every time you do a purchaser’s share so keep that in mind certainly 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 say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out fees it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last feat is called an
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over night charge now this is actually essential if you’re really utilizing cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the same day fine there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which suggests you’re actually buying the exact property rather than utilizing utilize anyway you will not get hit with these charges but these fees are if you’re using take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the aid area this isn’t the over night charges information you can see precisely 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 and that just uses as i said to cfds there are some surcharges obviously depending on what you are purchasing too this is on your own so keep that in mind however complete costs are completely within their help info all right and we spoke about in addition to complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of actually utilizing these copy operates they don’t have any extra fees on top of the normal fees that
exist now what you require to remember though is these potentially managed by other individuals entirely or often have actually created portfolios you have actually got a real 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 financial possessions so we definitely require to ensure it’s the best 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’ve got a number of different alternatives 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 real money or a virtual platform virtual means 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 require to put in your credit card details or anything you can basically have this virtual portfolio imitate 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 comfy with using your real cash possibly this is a terrific alternative for you once again to check the theories okay you may want to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it clearly you may have missed out on gains and losses during that time obviously if you had actually invested your genuine cash it permits you to build self-confidence comprehend the platform so that’s one choice 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 people and copy portfolios now here’s something to remember prior to you pick someone 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 imply 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 risk simply implies am i fine with possibly losing a good quantity of this investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 people will lose cash however that similarly suggests they’ll lose at some time in their journey clearly people do earn money too and i have actually got videos all about how you can make sure you are among individuals to really earn money but in this situation ensure you research your risk level would you be fine giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous do not pick someone who’s totally 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 even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too actually easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for someone that you expensive in fact following so let’s see maybe we want someone from unified kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually fulfilled that criteria and it does offer you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
keep in mind 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 might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you fine with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she really investing in 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 excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is good so really for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. How Do I Contact Customer Services On Etoro.
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