We get htis a lot on our site the answer to Can You Use The Same Bank Account For 2 Accounts Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t wish to decide what you really want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the first of all you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that possibly 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 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 an overall please keep in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume because i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they give that choice too so you in fact get used to the structure of the website and then 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 purchasing real business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that individual has stated they have actually made earnings 14 months in a row invest in 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 aspect that is probably.
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famous for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically whenever they make a trade they purchase they offer whatever they do your cash will be simulated with it so that indicates if for instance 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 fees involved actually critical you comprehend what are the costs 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 included and even a few of the absolutely no cost sites then may not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually begin buying copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s start with charges really crucial to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling fine so commission fees are totally free nevertheless there are a number of other fees the first one is withdrawal costs so you can undoubtedly put money in now if you’re 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 later on but when you want to withdraw your money so you offer your shares you sell your products whatever you’re selling the minimum quantity 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 make sure that i’m just withdrawing when i absolutely require to now you might say alright that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those alternatives 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 mainly it can be maybe even once a year when every six months you understand depends totally how you’re investing however that is a charge to remember the 2nd charge that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’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 or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading 2 and 2 free trade anybody this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing 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 terrific thing about however when you have actually converted your cash you do not need to invest it immediately that dollar value can sit 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 costs so that’s really great using that part of their site won’t certainly limit you in any way nevertheless we have to know 2 other charges the first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the investment platform between the buy price 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 website right now tesla’s dollar value 599 per share in tesla that really implies that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me reveal you that again so the current rate of tesla is the value of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say okay well why does that happen 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 which is how they make a bit of cash on those spread out charges it’s normally 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 cash now the last feat is called an
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over night cost now this is truly essential if you’re really utilizing cfds yourself also an over night fee is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which means you’re in fact purchasing the exact property instead of utilizing utilize anyhow you won’t get hit with these costs however these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the aid area this isn’t the overnight fees information 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 overnight or you’re doing over weekends which just uses as i stated to cfds there are some additional charges naturally depending upon what you are purchasing as well this is on your own so keep that in mind but full costs are completely within their assistance info all right and we talked about along with complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact utilizing these copy functions they don’t have any additional charges on top of the normal fees that
exist now what you require to bear in mind though is these potentially handled by other individuals entirely or often have actually developed portfolios you’ve got a real individual doing the management you have to make sure you select the person that’s right for you just like any kind of work this is your monetary possessions so we definitely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is a terrific option for you once again to check the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it certainly you might have lost out on gains and losses during that time of course if you had actually invested your genuine money it allows you to develop self-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 actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i imply 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 run the risk of simply means am i alright with potentially losing a great quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly indicates they’ll lose at some time in their journey clearly people do generate income as well and i’ve got videos everything about how you can make sure you are among individuals to in fact earn money however in this circumstance make sure you research study your threat level would you be alright 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 wanting to be that dangerous don’t pick someone who’s completely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or even oil plus more standard 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 say you can actually utilize this too really quickly over here you can copy people now it will offer you a great deal of options and you can utilize the system to actually search for someone that you elegant really following so let’s see possibly we desire somebody from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually satisfied that requirements and it does provide you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could 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 understand ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can actually 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 bit so that’s great to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine actually that i invest in 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 an excellent spread in tech business that appears to be what she prefers she’s also got a little bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Can You Use The Same Bank Account For 2 Accounts Etoro.
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