So to start the answer to Can I Transfer Money From My Etoro To Another Persons Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely do not wish to decide what you really wish 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 first of all you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course 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 bear in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume since i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they give that alternative as well so you in fact get utilized to the structure of the website 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 discussing how to copy other people’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they’ve made earnings 14 months in a row invest in these choices since you believe is the right ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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popular for it’s the option to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really say i wish to do exactly what that trader is doing or match that precise portfolio of choices and generally every 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 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 fees included really crucial you understand what are the expenses of this now with any platform there will be some cost to obviously 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 no fee websites then might not charge you for really buying and selling etfs or funds specific commodities private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 begin investing in copy trading or copy portfolios and lastly some best guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees truly essential to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling fine so commission charges are complimentary nevertheless there are a number of other fees the first one is withdrawal charges so you can undoubtedly put cash in now if you’re 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 on but when you want to withdraw your money so you sell your shares you offer your products whatever you’re offering 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 understanding that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say okay that’s rather expensive 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 lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every 6 months you know depends entirely how you’re investing but that is a charge to remember the 2nd charge that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and two open market anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists 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 give me us dollars rather you have to pay their costs now the great thing about though when you have actually transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really great utilizing that part of their website won’t definitely limit you in any way nevertheless we need to be aware of two other charges the very first being what’s called spread fees fine and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is generally the distinction that belongs to the investment platform in between the buy cost and the price all right 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 worth 599 per share in tesla that actually means that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current price of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that happen it just 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 wish to sell it and that is how they make a little bit of cash on those spread out costs it’s usually 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 bit money now the last task is called an
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over night fee now this is actually crucial if you’re actually utilizing cfds yourself too an over night cost is when you’re not doing that buy offer deal in the exact same day alright there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which implies you’re really buying the precise asset rather than utilizing leverage anyhow you will not get hit with these costs however these costs 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 aid section this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind but full fees are entirely within their assistance info okay and we spoke about as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of in fact utilizing these copy operates they don’t have any extra charges on top of the typical charges that
exist now what you need to bear in mind though is these possibly handled by other people totally or sometimes have actually created portfolios you have actually got a genuine person doing the management you have to make certain you choose the person that’s right for you just like any type of work this is your monetary assets so we absolutely require to ensure it’s the ideal person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a couple of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash 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 won’t require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a great choice for you once again to test the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had invested your real money it allows you to develop confidence comprehend the platform so that’s one alternative 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 bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend 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 just means am i alright with potentially losing a good amount of this investment or getting as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly indicates they’ll lose at some time in their journey undoubtedly people do make money too and i’ve got videos all about how you can make sure you are among the people to actually generate income however in this circumstance make sure you research study your danger level would you be all right offering your cash to someone else which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that dangerous do not select someone 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 and even oil plus more traditional 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 individuals now it will provide you a great deal of choices and you can use the system to really look for somebody that you fancy really following so let’s see possibly we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has satisfied that requirements and it does give you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing 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 know ibm paypal yep she’s certainly 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 in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a little bit more um of the type of main food companies and you’ve got you understand pharmaceutical and production companies as that. Can I Transfer Money From My Etoro To Another Persons Etoro.
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