So to start the answer to Etoro Account Statement….Questions that i hear from new investors what if you’re brand new to investing you merely do not wish to choose what you in fact want to invest and you want someone to do it for you there’s only a number of ways that that can occur the firstly you can work with an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 a total please keep in mind this platform is rather innovative you can do cfds which obviously cfds are ways of investing financier, market, fee, time, broker, deposit, trade, accounts, evaluation, leverage, crypto, value, funds, performance, trades, stocks, assets, markets, copy, service, spread, demonstration, access, withdrawal high threat, trading cfds, social trading, retail financier accounts, demonstration account, previous efficiency, social trading platform, minimum deposit, company mix, U.S.A. llc, trading platform, regulative. with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice as well so you really get utilized to the structure of the website and after that when you’re ready to use your own money 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 investing in genuine business if you pick to in this particular video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made revenue 14 months in a row invest in these choices because you believe is the best ones for you and that being said let’s dive directly in [Music] so 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 alternative to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates 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 likewise cover is the fees involved really critical you understand what are the costs of this now with any platform there will be some expense to clearly these are real 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 no cost websites then may not charge you for actually buying and selling funds or etfs individual products specific stocks. structure, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer care, popular investor, united states, cfds work, etoro review, real money, copy trading, credit card, etoro demonstration account, trading charges, volatile instruments. 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 show you the charges with in particular in this video the next would be things to know before you actually start investing in copy trading or copy portfolios and lastly some finest advice best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s begin with costs really crucial to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling alright so commission costs are complimentary nevertheless there are a couple of other charges the first one is withdrawal fees 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 wish to withdraw your cash so you offer your shares you sell 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 obviously understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say all right that’s rather 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 costs are just among those choices that they have a lot of platforms undoubtedly are free 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 once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd cost that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an option to buy in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow 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 use anybody so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they really giving 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 state offer me us dollars instead you need to pay their charges now the great feature of however when you’ve transformed your cash you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually excellent using that part of their site will not definitely restrict you in any way however we have to understand two other charges the very first being what’s called spread charges fine and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you on is generally the difference that is part of the financial investment platform between the buy rate and the list price okay 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 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 cost you’re seeing up here let me show you that once again so the current cost of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of make money from you whenever you do a buyer’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 say alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out fees it’s normally exceptionally little 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 money now the last feat is called an
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over night fee now this is truly essential if you’re actually utilizing cfds yourself also an over night cost is when you’re not doing that buy offer transaction in the same day all right there’s then an overnight charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which indicates you’re really purchasing the specific property rather than utilizing leverage anyhow you will not get hit with these fees however these costs are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the help area this isn’t the over night fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some added fees of course depending on what you are investing in too this is on your own so keep that in mind however full costs are totally within their aid info okay and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity 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 2 various ways of in fact utilizing these copy works they don’t have any extra charges on top of the regular fees that are there now what you need to remember though is these possibly managed by other people totally or in some cases have actually developed portfolios you have actually got a genuine person doing the management you have to make certain you pick the person that’s right for you just like any line of work this is your financial assets so we absolutely need to make sure 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 have actually got a number of various alternatives 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 money or a virtual platform virtual methods i believe 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money perhaps this is a fantastic option for you once again to test the theories all right you may want to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it undoubtedly you might have lost out on gains and losses during that time naturally if you had invested your real cash it allows you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest by that obviously 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 means am i fine with potentially losing a good quantity of this financial investment or acquiring as etoro, trading, account, platform, traders, cash, danger, trader, investment, portfolio, cryptocurrency, fees, cfds, cryptocurrencies, financiers, users Etoro Account Statement well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that similarly suggests they’ll lose at some time in their journey obviously people do generate income too and i have actually got videos all about how you can make sure you’re one of individuals to actually generate income however in this scenario make certain you research study your risk level would you be okay offering your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky do not choose somebody who’s completely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too really easily over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact search for someone that you expensive really following so let’s see possibly we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has actually met that requirements and it does provide you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns keep in mind it resembles anything to do with the news or predictions of the future this does not suggest 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 understand ask you to confirm are you alright with this and off you go now another way to really 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 really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is good so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business 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’ve got you know pharmaceutical and production companies as that. Etoro Account Statement. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund supervisor, etf, coinbase,, liquidity, indexes, market order