On this post you’ll find the answer to Why Can’t I Trade On Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not want to decide what you in fact want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can take place the firstly you can work with an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform do not just presume 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 too so you really get used to the structure of the website and after that 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 danger this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row purchase these options due to the fact that you think is the right ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending 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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famous for it’s the alternative to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and basically each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that implies 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 involved really important you understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 charge websites then may not charge you for in fact buying and selling etfs or funds private products specific stocks.
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there’ll be charges on other parts maybe 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 reveal you the costs with in particular in this video the next would be things to understand before you really start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s kick off with fees really essential to comprehend these now on there’s a number of costs there isn’t charges to do with in fact buying and selling fine so commission fees are free however 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 immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i definitely need to now you might state fine 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 charges are just among those options that they have a great deal of platforms undoubtedly are free 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 once every six months you understand depends totally how you’re investing however that is a charge to bear in mind the second fee that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of need 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 in fact 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 say offer me us dollars instead you have to pay their costs now the great aspect of though 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 means the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually excellent utilizing that part of their website won’t definitely restrict you in any way however we have to understand two other costs the first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the investment platform between the buy rate and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current rate of tesla is the value of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread out fees it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit money now the last task is called an
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over night cost now this is really important if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the same day all right there’s then an over night cost charged or even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which suggests you’re really buying the precise possession rather than using take advantage of anyhow you will not get hit with these fees but these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the help section this isn’t the overnight charges info 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 overnight or you’re doing over weekends which only uses as i stated to cfds there are some surcharges naturally depending on what you are purchasing as well this is on your own so keep that in mind but complete fees are entirely within their aid details fine and we discussed along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product 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 2 different methods of really using these copy functions they don’t have any extra costs on top of the regular fees that
are there now what you need to bear in mind though is these potentially handled by other people totally or often have actually produced portfolios you have actually got a genuine individual doing the management you need to ensure you choose the individual that’s right for you just like any type of work this is your monetary assets so we definitely require to make certain it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of different options 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 credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is an excellent alternative for you once again to test the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe play with it certainly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine money it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you pick 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 imply by that certainly 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 just implies am i all right with possibly losing a great amount of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash but that equally indicates they’ll lose eventually in their journey undoubtedly individuals do make money as well and i’ve got videos all about how you can make certain you are among the people to in fact earn money however in this situation make sure you research your danger level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that dangerous do not select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not want 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 utilize this too really easily over here you can copy people now it will provide you a lot of options and you can utilize the system to really look for someone that you elegant in fact following so let’s see perhaps we desire somebody from joined kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has fulfilled that requirements and it does provide you a risk aspect too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
bear 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 four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another way 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 quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i invest in too which is great so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s likewise got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Why Can’t I Trade On Etoro.
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