407 Letter Etoro 2021 | MBC

We get this a lot on our site and the answer to 407 Letter Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you actually wish to invest and you want someone to do it for you there’s just a number of manner ins which that can happen the firstly you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course you can purchase 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 too now if you’re brand new to an overall please remember this platform is quite innovative you can do cfds which of course cfds are methods of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that alternative also so you in fact 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 naturally your capital is at risk this is investing we’re doing you’re buying genuine business if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually said they’ve made profit 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you and that being stated let’s dive directly in [Music] so the important 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 aspect that is most likely.

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famous for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can actually state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests 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 costs included really important you understand what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no fee websites then might not charge you for in fact buying and selling etfs or funds specific products individual stocks.

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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with fees truly crucial to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling okay so commission charges are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can certainly 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 however when you want to withdraw your money so you sell your shares you sell 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 obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among 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 mainly it can be perhaps even once a year when every 6 months you know depends totally how you’re investing however that is a cost to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s fine that fits 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 use anybody so if you’re using trading 2 and 2 free trade anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they actually offering 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 have to pay their costs now the excellent aspect of however when you’ve converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the initial 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 fees so that’s truly excellent utilizing that part of their site won’t certainly limit you in any way however we need to understand two other charges the first being what’s called spread costs okay and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you

on is generally the difference that is part of the financial investment platform between the buy price 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 in fact indicates that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you say all right well why does that happen it just 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 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 but that’s one place every investment company will again make a little bit cash now the last accomplishment is called an

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over night fee now this is truly crucial if you’re in fact utilizing cfds yourself also an over night charge is when you’re not doing that buy offer transaction in the same day okay there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re in fact purchasing the specific possession rather than using take advantage of anyhow you will not get hit with these fees however these costs are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the aid section this isn’t the over night costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some surcharges of course depending on what you are investing in as well this is on your own so keep that in mind however complete fees are totally within their help information fine and we talked about as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually using these copy functions they don’t have any additional costs on top of the normal fees that

are there now what you need to bear in mind though is these possibly handled by other individuals entirely or in some cases have actually developed portfolios you have actually got a real person doing the management you need to make sure you pick the person that’s right for you just like any type of work this is your monetary possessions so we absolutely require to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine 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 need to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own money but actually purchase 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 fantastic option for you once again to test the theories alright you might want to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it certainly you might have lost out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to construct self-confidence understand 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 remember before 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 mean by that undoubtedly for me i’m investing long term and they tend to say 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 a good amount of this financial investment or getting as

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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that similarly suggests they’ll lose eventually in their journey certainly individuals do generate income as well and i have actually got videos all about how you can make certain you are among the people to really earn money however in this situation make sure you research your danger level would you be okay providing your cash to another person which is effectively 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 risky do not select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products

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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too truly easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to actually search for somebody that you fancy in fact following so let’s see maybe we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually satisfied that requirements and it does provide you a danger factor 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 variety of people that have rather high returns

bear in mind it resembles 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 could make four or minus 50 there’s no other way to ensure 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 confirm are you alright with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact investing in 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 excellent to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great so really for me understanding what i like to purchase 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 prefers she’s likewise got a little bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production business as that. 407 Letter Etoro.

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