We get htis a lot on our site the answer to Can I Use Etoro In Nigeria….Concerns that i hear from new financiers what if you’re brand new to investing you just do not want to decide what you actually want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can hire an investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t just assume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative as well so you in fact get utilized to the structure of the website and then when you’re ready to utilize your own cash 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 buying genuine business if you select to in this specific video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that person has actually said they have actually made profit 14 months in a row purchase these options since you think is the ideal ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending 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 alternative to see what other traders are doing incredible we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can really state i wish to do precisely what that trader is doing or match that specific 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 instance 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 fees included actually important you understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 some of the no charge sites then might not charge you for in fact buying and selling etfs or funds specific commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 prior to you actually start buying copy trading or copy portfolios and finally some finest suggestions best practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees really essential to understand these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling okay so commission charges are totally free however there are a couple of other fees the first one is withdrawal fees so you can clearly put money 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 in the future but when you wish to withdraw your cash so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make certain that i’m just withdrawing when i definitely require to now you may state okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply one of those options that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when 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 touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying 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 two and 2 open market anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion cost exists what are they actually giving 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 say offer me us dollars instead you need to pay their charges now the great aspect of however when you’ve converted your cash you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent using that part of their website will not definitely limit you in any way nevertheless we need to know two other charges the first being what’s called spread charges alright and i’m going to show you what i imply on now a spread fee as i’m going to reveal you
on is essentially the difference that belongs to the investment platform in between the buy cost and the list price okay 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 value 599 per share in tesla that actually means that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that once again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread costs it’s generally extremely 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 little bit cash now the last task is called an
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over night cost now this is really essential if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy sell transaction in the same day alright there’s then an over night 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 in fact buying out the etf the stock the product and using time one take advantage of which indicates you’re actually purchasing the exact possession rather than utilizing take advantage of anyway you won’t get hit with these costs however these costs are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the help area this isn’t the overnight fees 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 uses as i said to cfds there are some additional charges naturally depending upon what you are investing in too this is on your own so keep that in mind however complete costs are completely within their aid details alright and we discussed along with 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 2 different ways of really using these copy functions they don’t have any additional costs on top of the regular charges that
exist now what you require to keep in mind though is these possibly managed by other people totally or sometimes have created portfolios you’ve got a genuine person doing the management you have to make certain you select the individual that’s right for you similar to any type of work this is your financial possessions so we definitely require to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a terrific alternative for you again to check the theories okay you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it obviously you might have missed out on gains and losses throughout that time obviously if you had invested your genuine money it permits you to build 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 people and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i indicate by that undoubtedly 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 just means am i okay with potentially losing an excellent amount of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that equally suggests they’ll lose at some time in their journey undoubtedly people do generate income also and i’ve got videos all about how you can make certain you are among the people to in fact generate income however in this scenario make sure you research study your danger level would you be all right providing your money to somebody else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t select somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually easily over here you can copy people now it will give you a great deal of options and you can use the system to really search for somebody that you expensive actually following so let’s see perhaps we desire someone from joined kingdom um who invests in 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 find everyone who has actually fulfilled that requirements and it does give you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you fine with this and off you go now another method to actually 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 purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so actually for me understanding what i like to invest in 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 likewise got a bit more um of the kind of main food business and you’ve got you know pharmaceutical and production business as that. Can I Use Etoro In Nigeria.
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