We get htis a lot on our site the answer to Etoro Customer Service To Close An Account….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to choose what you actually wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the to start with you can hire a financial investment portfolio manager they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can purchase mutual funds specific 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 keep in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume due to the fact that i use it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that option too so you in fact get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re investing in real business if you pick to in this specific video we’re discussing how to copy other people’s investments with your cash so certainly your capital is at threat and we need to bear that in mind do not just do something since that person has actually said they have actually made earnings 14 months in a row purchase these choices since you believe is the right ones for you which being said let’s dive directly in [Music] so the important 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 probably.
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popular for it’s the alternative 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 and so that suggests with our cash we can really state i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they purchase they offer whatever they do your money will be simulated with it so that implies 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 also cover is the charges involved actually important you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 websites then may not charge you for actually buying and selling etfs or funds individual products specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 know prior to you really begin purchasing copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with charges really essential to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling alright so commission charges are totally free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly 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 commodities whatever you’re selling 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 sure that i’m just withdrawing when i absolutely need to now you might say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply among those choices that they have a lot of platforms obviously are complimentary 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 as soon as every 6 months you know depends completely how you’re investing but that is a fee to bear in mind the 2nd charge that i have actually touched upon is that conversion cost now with you’re handling 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 lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they actually providing you in regards to 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 transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good using that part of their website won’t definitely restrict you in any way nevertheless we have to be aware of 2 other costs the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is essentially the difference that is part of the investment platform in between the buy rate and the sale 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 right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate 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 each time you do a purchaser’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread fees it’s normally incredibly little it could be a matter of pens matter of cents in there however 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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over night cost now this is truly crucial if you’re in fact utilizing cfds yourself also an over night fee is when you’re not doing that buy sell transaction in the exact same day okay there’s then an over night cost charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re actually buying the specific possession rather than using take advantage of anyway you won’t get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and after that 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 assistance area this isn’t the overnight charges information 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 over night or you’re doing over weekends which just uses as i stated to cfds there are some surcharges naturally depending on what you are buying as well this is on your own so keep that in mind but full fees are totally within their assistance info fine and we discussed as well as complimentary to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact using these copy works they don’t have any additional charges on top of the regular fees that
are there now what you need to remember though is these potentially handled by other people entirely or often have created portfolios you have actually got a real individual doing the management you have to make sure you pick the person that’s right for you just like any line of work this is your financial properties so we absolutely need to make certain it’s the best person for us prior to 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 various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual methods 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 need to put in your credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is a terrific choice for you again to test the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to sort of safe play with it certainly you may have missed out on gains and losses throughout that time of course if you had invested your genuine money it enables you to develop self-confidence understand the platform so that’s one alternative 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 people and copy portfolios now here’s something to keep in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just means am i all right with potentially losing an excellent quantity of this investment or getting as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the fact 75 people will lose money but that similarly implies they’ll lose eventually in their journey certainly individuals do generate income too and i’ve got videos all about how you can ensure you are among the people to really generate income but in this situation ensure you research study your threat level would you be alright offering your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that risky do not choose someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you may 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 really utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you elegant in fact following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has satisfied that requirements and it does offer you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to validate are you alright with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually 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 definitely like type of into those blue box and the tech market she’s got some of mine really that i buy too which is good so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business 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 know pharmaceutical and production business as that. Etoro Customer Service To Close An Account.
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