Can I Trust Etoro With My Money | PV Trading

We get htis a lot on our site the answer to Can I Trust Etoro With My Money….Questions that i hear from brand-new investors what if you’re brand new to investing you merely do not want to choose what you in fact wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the firstly you can employ an investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are developed again with an account manager 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 a total 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 really having the total of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you in fact get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that person has actually said they’ve made earnings 14 months in a row buy these options due to the fact that you believe is the ideal ones for you which being stated let’s dive straight 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 aspect that is probably.

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popular for it’s the choice to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can really state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved 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 buying the selling for you there’s going to be charges included and even a few of the zero charge sites then might not charge you for really buying and selling etfs or funds individual products specific 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 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 actually start purchasing copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with fees truly essential to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling all right so commission charges are totally free however there are a couple of other costs the first one is withdrawal costs so you can certainly put cash 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 but when you want to withdraw your cash so you offer your shares you offer 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 knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you might say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply one of those choices that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing however that is a fee to keep in mind the 2nd fee that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk which’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 good 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 two open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion charge is there what are they in fact offering you in terms of 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 provide me us dollars instead you have to pay their fees now the fantastic thing about however when you have actually transformed your money you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great utilizing that part of their site will not certainly restrict you in any way however we have to be aware of 2 other fees the first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you

on is essentially the distinction that becomes part of the financial investment platform in between the buy price and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that 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 find this all over this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread out charges it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit cash now the last feat is called an

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overnight cost now this is actually crucial if you’re really utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal in the same day all right there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which suggests you’re really purchasing the exact property instead of utilizing take advantage of anyway you will not get hit with these costs however these costs are if you’re using leverage 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 enter into the help section this isn’t the overnight costs info you can see exactly 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 and that only uses as i stated to cfds there are some service charges naturally depending upon what you are buying also this is on your own so keep that in mind but complete fees are totally within their help information okay and we talked about as well as totally free to deposit in but there’s a 5 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 charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of really utilizing these copy works they do not have any extra costs on top of the normal costs that

are there now what you require to keep in mind though is these possibly managed by other individuals entirely or often have developed portfolios you’ve got a real person doing the management you need to make certain you pick the person that’s right for you just like any kind of work this is your financial assets so we definitely require to ensure it’s the ideal 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’ve got a number 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 option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy individuals whatever you like if you’re not

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feeling comfy with using your real money maybe this is an excellent alternative for you again to evaluate the theories okay you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it certainly you may have missed out on gains and losses during that time naturally if you had invested your real money it permits you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals 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 comprehend what your danger profile is now what do i indicate by that clearly 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 simply indicates am i fine with possibly losing a great quantity of this investment or acquiring as

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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that equally indicates they’ll lose at some time in their journey undoubtedly people do make money as well and i’ve got videos all about how you can make sure you’re one of individuals to in fact generate income but in this scenario make certain you research study your threat level would you be okay providing your money to another person which is effectively what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities

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like gold and even 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 say you can in fact use this too truly quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to actually look for somebody that you elegant really following so let’s see perhaps we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has met that requirements and it does give you a threat aspect 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 people that have quite high returns

keep 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 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 validate are you fine with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really buying 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 excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine really that i invest in too which is good so really 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 also got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Can I Trust Etoro With My Money.

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