We get this a lot on our site the answer to Etoro Euro Transaction Fees….Concerns that i speak with new investors what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you desire somebody to do it for you there’s just a number of manner ins which that can occur the first off you can hire an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are developed 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 keep in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not just presume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something since that person has said they have actually made revenue 14 months in a row purchase these options since you believe is the right ones for you which being said let’s dive directly in [Music] 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 do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and generally whenever 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 remains 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 critical you comprehend 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 a few of the no cost websites then might not charge you for in fact buying and selling etfs or funds private products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 understand prior to you in fact begin investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges actually important to understand these now on there’s a couple of charges there isn’t costs to do with actually buying and selling all right so commission charges are complimentary nevertheless there are a number of other costs the very first one is withdrawal costs so you can certainly put money in now if you remain 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 however when you want to withdraw your cash so you offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say okay that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just among those options 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 largely it can be perhaps even once a year as soon as every six months you understand depends entirely how you’re investing but that is a fee to bear in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and two free trade anyone at all this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they really offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state give me us dollars instead you need to pay their charges now the terrific aspect of however when you have actually converted your money you do not have 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 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 charges so that’s actually excellent utilizing that part of their site will not certainly restrict you in any way however we have to be aware of 2 other costs the very first being what’s called spread fees fine and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is essentially the distinction that is part of the investment platform in between the buy price and the price all right it’s their premium on doing both those 2 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 want to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost 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 find this all over this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that occur it simply 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 little bit of cash on those spread charges it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last task is called an
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overnight charge now this is really important if you’re actually using cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the same day alright there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re actually buying the precise property rather than using take advantage of anyhow you will not get hit with these costs however these costs are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the help area this isn’t the overnight charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some additional charges obviously depending upon what you are investing in as well this is on your own so keep that in mind but full charges are totally within their help details okay and we discussed as well as 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 have actually said copy trading and copy portfolios are 2 different ways of actually utilizing these copy works they do not have any additional costs on top of the typical costs that
are there now what you require to remember though is these possibly handled by other people totally or sometimes have developed portfolios you’ve got a genuine individual doing the management you need to make certain you choose the individual that’s right for you just like any kind of work this is your monetary properties so we absolutely require 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 number of different alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods 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 basically have this virtual portfolio imitate as if you are using your own cash however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a fantastic choice for you again to evaluate the theories all right you might want to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it obviously you may have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it permits you to develop self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return 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 bear in mind prior to you select 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 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 risk just indicates am i okay with potentially losing a great amount of this investment or getting as
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well now remember everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that similarly indicates they’ll lose at some time in their journey clearly people do make money as well and i’ve got videos everything about how you can make certain you are among individuals to actually generate income but in this circumstance ensure you research study your danger level would you be all right offering your money to somebody else which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may 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 provide you a lot of choices and you can utilize the system to really look for someone that you expensive actually following so let’s see maybe we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has fulfilled that criteria and it does offer you a risk factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest 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 basic as clicking the copy button and off you go and then you know ask you to confirm are you alright with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact buying 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 understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is good so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Etoro Euro Transaction Fees.
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