Etoro Digital Nomad 2021 | MBC

We get this a lot on our site and the answer to Etoro Digital Nomad….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you actually wish to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the first of all you can employ a financial investment portfolio manager they’ll typically 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 specific funds are produced 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 as well now if you’re brand new to an overall please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing

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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply assume because i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you really get used to the structure of the site 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 danger this is investing we’re doing you’re investing in genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has actually stated they have actually made profit 14 months in a row invest in these options because you believe is the best ones for you and that being said 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 probably.

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well-known for it’s the option to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your cash will be imitated 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 cash in so we’re going to also cover is the fees involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero fee websites then may not charge you for actually buying and selling funds or etfs specific commodities individual stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering 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 finally some finest recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with fees really crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling okay so commission fees are free however there are a number of other charges the first one is withdrawal fees so you can obviously put money in now if you remain in the uk we put our uk cash.

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and it’s automatically 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 sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say fine that’s quite 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 costs are just among those choices that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you understand depends completely how you’re investing however that is a cost to remember the second fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk which’s fine that matches me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and 2 open market anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost exists what are they actually giving 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 offer me us dollars rather you have to pay their charges now the terrific aspect of however when you have actually converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates 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 extra fees so that’s actually great using that part of their site won’t certainly restrict you in any way however we need to be aware of 2 other fees the first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you

on is essentially the distinction that is part of the investment platform in between the buy cost 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 site right now tesla’s dollar worth 599 per share in tesla that in fact means that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly 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 state okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread costs it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit cash now the last task is called an

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overnight cost now this is actually important if you’re really using cfds yourself as well an over night cost is when you’re not doing that buy offer transaction in the exact same day fine there’s then an overnight fee charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which suggests you’re in fact purchasing the specific asset rather than utilizing leverage anyway you won’t get hit with these charges however these fees are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the over night fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some service charges obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete costs are totally within their help details 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 commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually utilizing these copy functions they do not have any extra fees on top of the regular charges that

are there now what you need to remember though is these possibly managed by other people completely or often have produced portfolios you’ve got a genuine 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 properties so we absolutely require to make certain it’s the right person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but actually buy pretend buy copy people whatever you like if you’re not

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feeling comfy with using your real money perhaps this is a terrific alternative for you once again to test the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it certainly you may have lost out on gains and losses during that time naturally if you had invested your genuine cash it enables 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 real portfolio here now we’re going to deep dive actually 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 make sure you understand what your danger profile is now what do i imply by that certainly 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 alright with potentially losing a good amount of this financial 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 statistic 75 individuals will lose cash however that similarly implies they’ll lose at some time in their journey clearly people do make money as well and i have actually got videos all about how you can ensure you are among individuals to actually make money however in this scenario make sure you research study your danger level would you be all right providing 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 risky do not select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products

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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 same with who you’re following now as i state you can actually utilize this too really quickly over here you can copy individuals now it will give you a lot of options and you can utilize the system to actually search for somebody that you elegant really following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has fulfilled that requirements and it does offer you a danger 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

keep in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance 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 confirm are you all right with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can actually 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 bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is excellent so in fact 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 chooses she’s likewise got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Digital Nomad.

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