What Timezone Does Etoro Use – 0% Commission on Stocks

We get htis a lot on our site the answer to What Timezone Does Etoro Use….Questions that i hear from new investors what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the firstly you can work with an investment portfolio supervisor they’ll normally charge a quite 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 created 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 bear in mind this platform is quite innovative you can do cfds which of course cfds are methods of investing

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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not simply presume due to the fact that i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that option also so you in fact get used 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 naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s 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 stated they have actually made earnings 14 months in a row invest in these choices because you believe is the right ones for you which being said let’s dive straight in [Music] The 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 element that is probably.

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popular for it’s the option to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can in fact state i wish to do precisely what that trader is doing or match that specific portfolio of options and basically each time they make a trade they buy they sell whatever they do your money will be simulated with it so that suggests if for example 10 of their investment portfolio is 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 actually vital you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero cost websites then might not charge you for really buying and selling etfs or funds specific 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 fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs truly crucial to comprehend these now on there’s a number of charges there isn’t fees to do with in fact buying and selling fine so commission costs are complimentary however there are a couple of other charges the first one is withdrawal charges so you can obviously put money in now if you’re in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state alright that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those options that they have a great deal of platforms clearly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you understand depends completely how you’re investing but that is a fee to bear in mind the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative 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 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 fee now when you use anybody so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually giving 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 say give me us dollars instead you have to pay their charges now the excellent aspect of however when you’ve converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent utilizing that part of their website will not definitely limit you in any way nevertheless we need to be aware of 2 other charges the very first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you

on is essentially the distinction that becomes part of the investment platform between the buy cost and the 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 offer or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the existing price of tesla is the value 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 all over this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to sell it which is how they make a little bit of cash on those spread out charges it’s generally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last feat is called an

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over night cost now this is really essential if you’re actually utilizing cfds yourself too an overnight cost is when you’re not doing that buy sell transaction in the very same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re actually purchasing the exact property instead of using leverage anyhow you will not get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s say if you enter into the help section this isn’t the over night charges 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 and that only uses as i said to cfds there are some additional charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full costs are completely within their assistance info okay and we spoke about along with complimentary 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 whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really utilizing these copy works they do not have any extra costs on top of the typical costs that

are there now what you require to keep in mind though is these potentially managed by other people completely or often have actually created portfolios you’ve got a genuine individual doing the management you need to ensure you choose the person that’s right for you just like any line of work this is your financial assets so we absolutely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with using your genuine cash possibly this is a terrific option for you once again to check the theories alright you might want to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe have fun with it clearly you might have lost out on gains and losses during that time obviously if you had invested your genuine money it enables 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 real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply indicates am i all right with possibly losing a good amount of this financial 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 fact 75 individuals will lose money but that equally implies they’ll lose at some point in their journey undoubtedly people do make money as well and i’ve got videos everything about how you can ensure you are among individuals to actually make money however in this scenario make sure you research your risk level would you be all right giving your money to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing totally if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities

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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too really easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to in fact search for somebody that you fancy actually following so let’s see perhaps we want somebody from unified kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has fulfilled that requirements and it does offer you a threat element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite 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 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you all right 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 really deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production companies as that. What Timezone Does Etoro Use.

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