Can You Lie About Your Age On Etoro Now

We get htis a lot on our site the answer to Can You Lie About Your Age On Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t wish to choose what you actually want to invest and you want somebody to do it for you there’s just a number of manner ins which that can happen the first of all you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform do not just presume because i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the website and after that when you’re ready to utilize 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 select to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that individual has actually stated they’ve made earnings 14 months in a row invest in these options due to the fact that you believe is the ideal ones for you which being stated let’s dive directly 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 most likely.

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famous for it’s the alternative to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can in fact state i wish to do precisely what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your money will be imitated with it so that implies if for example 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 costs involved truly important you comprehend what are the expenses 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 included and even a few of the absolutely no fee websites then might not charge you for in fact buying and selling funds or etfs specific commodities specific stocks.

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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 before you really start buying 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 investor so let’s start with charges really crucial to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling all right so commission charges are free nevertheless there are a number of other fees the first one is withdrawal fees so you can certainly 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 however when you want to withdraw your cash so you sell 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 certain that i’m only withdrawing when i definitely require to now you might say okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just one of those options that they have a great deal of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a cost to remember the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that suits me.

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a great deal of my stocks are us dollar stocks anyhow 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 use anybody so if you’re using trading 2 and 2 free trade anybody this is standard they have actually i expect 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 charge is there what are they really 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 rather you need to pay their fees now the excellent feature of however when you’ve converted your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy 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 excellent using that part of their site won’t definitely restrict you in any way however we need to know 2 other charges the very first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread cost as i’m going to show you

on is essentially the distinction that belongs to the financial investment platform between the buy cost and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact means that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me show you that again so the current price of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which 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 expensive to buy than it is to offer so they’re going to give you less back with your sale and you state okay well why does that happen 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 offer it and that is how they make a bit of cash on those spread out costs it’s normally incredibly small 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 bit cash now the last feat is called an

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overnight cost now this is actually important if you’re really utilizing cfds yourself also an overnight fee is when you’re not doing that buy offer deal in the exact same day all right there’s then an over night charge charged or even if you go from the friday to the monday before sailing 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 leverage which indicates you’re really buying the exact property instead of utilizing utilize anyway you won’t get hit with these charges however 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 selling in the exact same day so let’s say if you go into the aid area this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i stated to cfds there are some additional charges obviously depending upon what you are buying as well this is on your own so keep that in mind but full fees are totally within their aid information okay and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of really utilizing these copy operates they do not have any extra fees on top of the regular costs that

exist now what you need to keep in mind though is these potentially handled by other people completely or sometimes have produced portfolios you’ve got a real individual doing the management you have to ensure you select the individual that’s right for you similar to any line of work this is your monetary assets so we absolutely need to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a couple 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 alternative to invest genuine money or a virtual platform virtual means i think 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 information or anything you can basically have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real cash possibly this is a fantastic option for you once again to check the theories all right you may want to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it clearly you may have missed out on gains and losses during that time naturally if you had actually invested your real cash it allows you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to go back 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 remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i mean by that certainly 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 risk just implies am i all right with possibly losing a good amount of this investment or acquiring as

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well now keep in mind whatever is ups and downs 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 at some point in their journey clearly people do make money also and i’ve got videos everything about how you can make sure you’re one of the people to actually generate income but in this scenario ensure you research study your threat level would you be okay giving your cash to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that dangerous do not select someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong commodities

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like gold and even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually use this too actually easily over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to in fact look for someone that you expensive actually following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually fulfilled that criteria 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 clearly there are a number of people that have quite high returns

remember it’s like anything to do with the news or forecasts 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 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 validate are you all right with this and off you go now another method to in fact deep dive if we click 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so really for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production companies as that. Can You Lie About Your Age On Etoro.

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