On this post you’ll find the answer to How Many Etoro Accounts Can I Have….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to choose what you actually wish to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the first off you can work with a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular funds are developed 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 remember this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume due to the fact that i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you in fact get utilized to the structure of the website and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something because that individual has stated they have actually made revenue 14 months in a row buy these choices because you believe is the right ones for you which being said let’s dive directly 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 probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can actually say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that indicates 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 likewise cover is the costs involved actually important you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero charge sites then may not charge you for in fact buying and selling funds or etfs individual commodities individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 understand before you actually start investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s begin with charges actually essential to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling all right so commission charges are free nevertheless there are a number of other costs the first one is withdrawal charges so you can certainly put money in now if you remain in the uk we put our uk cash.
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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 cash so you offer your shares you offer 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 of course understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those choices that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you know depends totally how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s great that fits 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 excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually 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 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 state provide me us dollars instead you have to pay their fees now the fantastic feature of however when you’ve transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that implies 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 costs so that’s actually good utilizing that part of their website won’t definitely limit you in any way nevertheless we have to be aware of two other fees the first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is essentially the difference that belongs to the investment platform between the buy rate and the sale 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 value 599 per share in tesla that actually indicates that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing cost of tesla is the worth of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer 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 great deal of platforms out there there’s a difference in between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread costs 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 little bit money now the last accomplishment is called an
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over night fee now this is truly crucial if you’re really using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which indicates you’re in fact purchasing the precise possession rather than utilizing take advantage of anyway you won’t get hit with these fees however these fees are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you enter into the aid area this isn’t the over night costs details 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some service charges naturally depending upon what you are buying too this is on your own so keep that in mind but full costs are entirely within their help information all right 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 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any additional charges on top of the regular costs that
exist now what you need to bear in mind though is these possibly managed by other people completely or in some cases have created portfolios you’ve got a genuine person doing the management you have to ensure you select the person that’s right for you similar to any type of work this is your monetary assets so we absolutely need to make certain it’s the best 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 have actually got a couple of different choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money 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 require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a fantastic option for you once again to check the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it obviously you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk simply implies am i all right with potentially losing a good quantity of this investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose at some point in their journey clearly people do make money too and i’ve got videos all about how you can make sure you’re one of the people to actually make money but in this scenario ensure you research study your risk level would you be fine offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re somebody 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 foundation of strong commodities
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like gold or even oil plus more conventional 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 use this too truly quickly over here you can copy people now it will offer you a lot of choices and you can use the system to in fact look for somebody that you elegant really following so let’s see perhaps we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has met that requirements and it does give you a threat factor too 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 individuals that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee 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 validate are you fine with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is good so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s also 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. How Many Etoro Accounts Can I Have.
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