On this post you’ll find the answer to Maker Vs Taker Fees Etoro Pro….Questions that i speak with brand-new financiers what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the to start with you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is obviously 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 too now if you’re brand new to an overall please bear in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option too so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has stated they’ve made profit 14 months in a row buy these choices because you think is the ideal ones for you and that 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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popular for it’s the choice to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy 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 money in so we’re going to also cover is the costs included really critical you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine companies 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 no fee sites then may not charge you for in fact buying and selling funds or etfs individual products specific stocks.
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there’ll be charges on other parts possibly 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 reveal you the charges with in particular in this video the next would be things to understand before you in fact start buying 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 advanced investor so let’s kick off with charges really crucial 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 fees are free however there are a couple of other costs the first one is withdrawal costs so you can undoubtedly put cash in now if you remain 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 however when you wish to withdraw your cash so you sell 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 of course knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may say okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply one of those alternatives that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely 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 charge to remember the 2nd fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice 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 buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists 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 offer me us dollars instead you need to pay their costs now the great aspect of though when you have actually 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 initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent using that part of their website won’t definitely limit you in any way however we have to understand two other costs the very first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is basically the distinction that belongs to the investment platform between the buy cost and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually indicates 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 current price of tesla is the worth of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it simply 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 cash on those spread out fees it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last accomplishment is called an
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overnight fee now this is actually crucial if you’re actually utilizing cfds yourself too an over night charge is when you’re not doing that buy sell deal in the very same day all right there’s then an over night charge charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re really buying the specific possession rather than utilizing leverage anyway you won’t get hit with these costs but these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the help area this isn’t the overnight charges details 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 over night or you’re doing over weekends and that just applies as i stated to cfds there are some service charges obviously depending upon what you are purchasing also this is on your own so keep that in mind however full charges are entirely within their assistance details all right and we talked about in addition to totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually utilizing these copy functions they don’t have any additional fees on top of the normal fees that
exist now what you need to bear in mind though is these possibly managed by other people totally or sometimes have actually created portfolios you’ve got a real individual doing the management you need to make sure you choose the person that’s right for you similar to any profession this is your monetary possessions so we absolutely require to make certain 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 couple of various options for us firstly 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 play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is an excellent choice for you once again to evaluate the theories alright you may wish to buy tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had invested your real money it enables you to construct 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 actually how to copy individuals and copy portfolios now here’s something to bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk simply means am i fine with potentially losing a great amount of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 people will lose money however that equally indicates they’ll lose at some point in their journey clearly individuals do earn money as well and i’ve got videos everything about how you can ensure you are among the people to really earn money however in this situation ensure you research study your risk level would you be alright providing your cash to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that dangerous don’t select 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 perhaps oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too truly easily over here you can copy people now it will offer you a great deal of options and you can use the system to in fact look for somebody that you fancy really following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has actually satisfied that criteria and it does offer you a threat factor also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can really 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 little bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the kind of primary food business and you’ve got you understand pharmaceutical and production companies as that. Maker Vs Taker Fees Etoro Pro.
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