So to start the answer to Why Does Etoro Not Pay Stamp Duty….Concerns that i hear from new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the firstly you can hire a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy 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 also now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing investor, market, fee, time, broker, deposit, trade, accounts, evaluation, leverage, crypto, worth, funds, performance, trades, stocks, possessions, markets, copy, service, spread, demonstration, access, withdrawal high danger, trading cfds, social trading, retail financier accounts, demo account, past performance, social trading platform, minimum deposit, business combination, usa llc, trading platform, regulative. with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice too so you actually get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re purchasing genuine companies 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 have to bear that in mind do not just do something because that individual has stated they have actually made profit 14 months in a row invest in these choices due to the fact that you think is the right ones for you and that being stated 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 don’t generally 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 money we can really say i wish to do exactly what that trader is doing or match that exact portfolio of options and generally whenever they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for instance 10 of their 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 charges included really crucial you understand what are the costs of this now with any platform there will be some cost to obviously 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 some of the zero cost sites then may not charge you for in fact buying and selling etfs or funds individual commodities individual stocks. framework, future results, user score, virtual portfolio, complex instruments, cryptocurrency trading, etoro platform, etoro account, customer support, popular investor, unified states, cfds work, etoro review, genuine cash, copy trading, credit card, etoro demo account, trading fees, volatile instruments. there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 know prior to you really start purchasing copy trading or copy portfolios and finally some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with charges actually crucial to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling fine so commission fees are complimentary however there are a couple of other costs the first one is withdrawal charges so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you offer your shares you sell your commodities 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 naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those choices that they have a lot of platforms undoubtedly are free to do such things has this 5 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 totally how you’re investing but that is a charge to remember the second charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually 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 state give me us dollars rather you need to pay their charges now the great aspect of however when you have actually transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent utilizing that part of their site will not definitely limit you in any way however we need to know 2 other charges the first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you on is generally the distinction that belongs to the financial investment platform in between the buy rate and the list price alright 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 actually means that when you wish to buy 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 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 all over this is another manner in which they make a percentage of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you state all right well why does that occur 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 bit of cash on those spread out fees it’s usually incredibly small 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 accomplishment is called an
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over night cost now this is really important if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell deal in the very same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which means you’re really purchasing the exact asset rather than using take advantage of anyhow you won’t get hit with these costs however these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the help section this isn’t the over night charges 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 only applies as i said to cfds there are some additional charges obviously depending upon what you are buying as well this is on your own so keep that in mind however full charges are entirely within their assistance information okay and we spoke about as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of in fact using these copy operates they do not have any extra fees on top of the regular charges that exist now what you need to remember though is these possibly handled by other people completely or in some cases have developed portfolios you have actually got a genuine person doing the management you need to ensure you choose the person that’s right for you much like any profession this is your financial assets so we definitely require to ensure it’s the ideal 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 couple of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a terrific choice for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time of course if you had invested your real money it enables you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i imply by that clearly 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 indicates am i all right with potentially losing a great amount of this financial investment or gaining as etoro, trading, account, platform, traders, money, risk, trader, financial investment, portfolio, cryptocurrency, costs, cfds, cryptocurrencies, financiers, users Why Does Etoro Not Pay Stamp Duty well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly indicates they’ll lose at some point in their journey certainly individuals do make money too and i have actually got videos all about how you can ensure you are among individuals to really generate income however in this situation make sure you research study your threat level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wanting to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold and even oil plus more standard 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 state you can really use this too actually easily over here you can copy individuals now it will provide you a lot of options and you can utilize the system to actually look for someone that you expensive actually following so let’s see perhaps we want somebody from unified kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has actually fulfilled that criteria and it does offer you a danger aspect as well 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 people that have rather high returns keep in mind it’s like anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they might make 4 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 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 in fact deep dive into what is she actually investing in 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 good to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is good so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production companies as that. Why Does Etoro Not Pay Stamp Duty. diversify your portfolio, margin, etoro (uk) ltd, copy trading, cryptocurrency exchanges, cryptocurrencies, ecn, fund manager, etf, coinbase,, liquidity, indexes, market order