How To Use Etoro Platform 2021 | MBC

We get this a lot on our site and the answer to How To Use Etoro Platform….Concerns that i speak with new investors what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you desire somebody to do it for you there’s just a couple of manner ins which that can happen the to start with you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced once 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 bear in mind this platform is quite advanced you can do cfds which obviously cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t just assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you in fact get utilized 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 of course your capital is at threat this is investing we’re doing you’re purchasing genuine business if you pick to in this particular video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something because that person has said they’ve made revenue 14 months in a row purchase these choices because you think is the right ones for you which being stated 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 becomes part of social trading which is one aspect that is probably.

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popular for it’s the option to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that means if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included really critical you comprehend what are the expenses of this now with any platform there will be some cost to certainly 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 sites then may not charge you for really buying and selling etfs or funds individual products specific stocks.

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there’ll be costs 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 costs with in particular in this video the next would be things to understand before you really begin buying copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges actually essential to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling fine so commission costs are totally free however there are a number of other fees the first one is withdrawal charges so you can undoubtedly put cash in now if you’re in the uk we put our uk money.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you might say alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a charge to keep in mind the second charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s great that matches me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 open market anybody this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost is there 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 state provide me us dollars rather you need to pay their charges now the excellent thing about however when you’ve transformed your money you do not have to invest it immediately that dollar value can sit in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly excellent utilizing that part of their site will not certainly limit you in any way however we need to be aware of two other costs the very first being what’s called spread charges fine and i’m going to show you what i mean on now a spread cost as i’m going to show you

on is generally the difference that becomes part of the investment platform in between the buy cost and the sale price okay it’s their premium on doing both those 2 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 really suggests that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to buy 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 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 and that is how they make a little bit of cash on those spread out charges 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 feat is called an

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over night cost now this is truly important if you’re really using cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the same day fine there’s then an overnight cost 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 actually buying out the etf the stock the commodity and using time one take advantage of which implies you’re really buying the specific possession rather than utilizing leverage anyway you will not get hit with these costs but these charges 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 say if you go into the help area this isn’t the over night charges details 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 overnight or you’re doing over weekends and that just applies as i said to cfds there are some service charges obviously depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are totally within their aid information alright and we spoke 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 regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of actually using these copy functions they don’t have any extra costs on top of the regular costs that

exist now what you require to keep in mind though is these potentially handled by other individuals completely or in some cases have created portfolios you have actually got a genuine person doing the management you have to ensure you choose the person that’s right for you similar to any type of work this is your monetary possessions so we definitely need to make certain it’s the right person for us before 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 alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option 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 cash that you’re investing you will not need to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money but really purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with using your genuine cash maybe this is an excellent option for you again to test the theories okay you might wish to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it certainly you might have lost out on gains and losses throughout that time of course if you had actually invested your real money it enables you to build confidence comprehend 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 really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i suggest by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply suggests am i fine with potentially losing an excellent quantity of this investment or gaining as

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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly suggests they’ll lose eventually in their journey certainly individuals do make money too and i have actually got videos all about how you can make sure you are among the people to really make money but in this circumstance make sure you research your danger level would you be all right offering your cash to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re purchasing fully 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 desire a backbone of strong commodities

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like gold and 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 say you can really utilize this too actually easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to actually search for someone that you expensive in fact following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually met that criteria and it does provide you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have rather high returns

bear in mind it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure 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 validate are you fine with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really 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 little bit so that’s good 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 actually that i purchase too which is great so in fact for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent 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 business and you’ve got you understand pharmaceutical and production business as that. How To Use Etoro Platform.

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