So to start the answer to Can You Use The Same Bank Account For 2 Accounts Etoro….Concerns that i hear from new investors what if you’re brand new to investing you merely do not want to decide what you actually wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can take place the first of all you can hire an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can purchase 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 as well now if you’re brand new to an overall please bear in mind this platform is quite innovative you can do cfds which obviously cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply presume since 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 give that choice as well so you in fact get used to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something because that person has actually said they’ve made profit 14 months in a row buy these options due to the fact that you think is the right ones for you and that 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 most likely.
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famous for it’s the option to see what other traders are doing unbelievable 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 actually say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually vital you understand what are the costs of this now with any platform there will be some expense to certainly 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 some of the zero charge sites then might not charge you for in fact buying and selling funds or etfs specific commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 really begin buying copy trading or copy portfolios and lastly some best suggestions finest 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 costs truly crucial to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling okay so commission fees are free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can certainly put money 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 in the future but when you want to withdraw your cash so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just among those alternatives 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 mainly it can be perhaps even once a year when every 6 months you understand depends entirely how you’re investing however that is a cost to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even 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 utilizing trading two and two free trade anybody 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 use their platform go from uk to us then that conversion cost is there what are they actually offering 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 provide me us dollars rather you have to pay their fees now the great thing about though when you have actually converted your cash you do not have to invest it right away that dollar worth can sit 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 happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their website won’t certainly limit you in any way however we have to understand two other charges the first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is essentially the difference that belongs to the investment platform in between the buy cost and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually indicates that when you want to purchase 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 current price of tesla is the value of a share what’s called spread charges is the difference 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 clearly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say fine 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 which is how they make a little bit of cash on those spread costs it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last feat is called an
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over night cost now this is really crucial if you’re in fact using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the exact same day all right there’s then an over night fee 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 actually buying out the etf the stock the commodity and using time one utilize which suggests you’re really purchasing the precise asset instead of utilizing take advantage of anyhow you won’t get hit with these costs however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you enter into the aid section this isn’t the over night fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some service charges obviously depending upon what you are buying too this is on your own so keep that in mind however complete costs are totally within their assistance information okay and we talked about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of actually utilizing these copy operates they do not have any extra charges on top of the typical charges that
exist now what you require to bear in mind though is these possibly managed by other people totally or in some cases have produced portfolios you have actually got a genuine person doing the management you need to make sure you pick the person that’s right for you similar to any type of work this is your monetary assets so we absolutely require to make sure it’s the best person 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 various options 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 essentially have this virtual portfolio imitate 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 utilizing your real money maybe this is an excellent alternative for you once again to check the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had actually invested your genuine cash it enables you to construct confidence understand the platform so that’s one choice 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 keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk 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 means am i alright with possibly losing an excellent quantity 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 cash that’s why they make the figure 75 individuals will lose money but that equally indicates they’ll lose eventually in their journey clearly people do generate income also and i’ve got videos everything about how you can make sure you’re one of individuals to in fact earn money but in this situation make sure 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 sure you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone 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 very same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy individuals now it will give you a lot of options and you can use the system to in fact look for someone that you expensive in fact following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has actually fulfilled that criteria and it does give you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make four 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 then you understand ask you to validate are you fine 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 really deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so actually for me understanding what i like to purchase my specific 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 also got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. Can You Use The Same Bank Account For 2 Accounts Etoro.
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