So to start the answer to Can I Keep Over 1 Million Dollars In Etoro Account….Concerns that i speak with new investors what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you want someone to do it for you there’s only a couple of ways that that can happen the first off you can work with a financial investment portfolio manager they’ll typically charge a rather 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 particular 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 quite sophisticated you can do cfds which obviously cfds are ways of investing investor, market, cost, time, broker, deposit, trade, accounts, review, utilize, crypto, value, funds, performance, trades, stocks, assets, markets, copy, service, spread, demo, access, withdrawal high threat, trading cfds, social trading, retail financier accounts, demo account, past efficiency, social trading platform, minimum deposit, service mix, usa llc, trading platform, regulatory. with not actually having the full amount of capital so with anything that you’re learning about please do study the platform do not simply presume because i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you actually get used to the structure of the website and after that when you’re ready to utilize 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 purchasing genuine business if you pick to in this particular video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not just do something because that person has stated they have actually made earnings 14 months in a row invest in these options due to the fact that you believe is the ideal ones for you and that being stated 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 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 lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can in fact say 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 purchase they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved really critical you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine companies 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 zero fee websites then might not charge you for in fact buying and selling etfs or funds specific commodities specific stocks. framework, future results, user rating, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer service, popular investor, unified states, cfds work, etoro review, genuine cash, copy trading, charge card, etoro demonstration account, trading charges, unstable instruments. 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 kinds 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 prior to you actually start buying copy trading or copy portfolios and lastly some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees actually crucial to understand these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling fine so commission costs are totally free however there are a couple of other fees the first one is withdrawal charges so you can obviously 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 later but when you wish to withdraw your money so you sell your shares you offer your products 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 naturally knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you may say fine that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply one of those options that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing but that is a fee to keep in mind the second cost that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine that matches 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 good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 open market anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion fee 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 say give me us dollars rather you need to pay their fees now the fantastic thing about though when you have actually converted your cash you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase 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 using that part of their website will not certainly restrict you in any way however we need to know two other charges the very first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you on is generally the difference that becomes part of the investment platform between the buy rate and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that in fact implies that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing rate of tesla is the worth of a share what’s called spread charges is the distinction then in fact 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 make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur 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 wish to sell it and that is how they make a little bit of cash on those spread out charges it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight charge now this is really important if you’re actually using cfds yourself also an over night fee is when you’re not doing that buy sell deal in the exact same day okay there’s then an over night charge charged or even if you go from the friday to the monday before 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 take advantage of which indicates you’re actually purchasing the precise possession instead of using utilize anyhow you will not get hit with these costs however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the aid section this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges naturally depending on what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their assistance details alright and we talked 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 cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they don’t have any additional charges on top of the typical fees that exist now what you need to keep in mind though is these possibly handled by other individuals entirely or often have created portfolios you’ve got a real individual doing the management you need to make certain you choose the person that’s right for you much like any profession this is your monetary properties so we absolutely require to make certain it’s the right person for us before 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 various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a great alternative for you once again to test the theories alright you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it clearly you might have lost out on gains and losses throughout that time of course if you had invested your genuine cash it allows you to build confidence comprehend the platform so that’s one option for you then next week and i’m going to return 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 prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that clearly 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 run the risk of simply suggests am i all right with potentially losing an excellent quantity of this investment or getting as etoro, trading, account, platform, traders, money, threat, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, financiers, users Can I Keep Over 1 Million Dollars In Etoro Account well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that equally suggests they’ll lose at some point in their journey obviously people do earn money also and i have actually got videos all about how you can ensure you’re one of individuals to in fact earn money but in this scenario ensure you research your threat level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky do not choose someone who’s entirely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too actually easily over here you can copy people now it will offer you a lot of options and you can use the system to really look for somebody that you expensive in fact following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has fulfilled that requirements and it does offer you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns remember it resembles 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 chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Can I Keep Over 1 Million Dollars In Etoro Account. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order