We get htis a lot on our site the answer to Does Etoro Works In Nigeria….Questions that i hear from new financiers what if you’re brand new to investing you simply don’t wish to choose what you in fact wish to invest and you want someone to do it for you there’s only a couple of ways that that can occur the firstly you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can buy mutual funds specific funds are created once again with an account supervisor 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 an overall please bear in mind this platform is rather advanced you can do cfds which naturally 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 more about please do study the platform do not simply assume because i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that option also so you in fact get utilized to the structure of the site 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 threat this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not simply do something since that individual has said they have actually made profit 14 months in a row invest in these options due to the fact that you think is the ideal ones for you which being stated 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 belongs to social trading which is one element that is probably.
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well-known for it’s the option to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can really say i wish to do precisely what that trader is doing or match that precise portfolio of choices and basically 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 instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included truly crucial you comprehend what are the costs of this now with any platform there will be some expense to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then might not charge you for actually buying and selling etfs or funds individual commodities specific stocks.
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there’ll be charges on other parts possibly 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 reveal you the costs with in particular in this video the next would be things to know prior to you in fact start investing in copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with fees truly important to understand these now on there’s a number of costs there isn’t fees to do with actually buying and selling all right so commission fees are complimentary however there are a number of other costs the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s immediately 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 offer your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state alright that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are just one of those choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing but that is a cost to remember the 2nd cost that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they really providing 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 say offer me us dollars instead you need to pay their charges now the great thing about however when you’ve converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their website won’t certainly restrict you in any way nevertheless we need to understand two other fees the very first being what’s called spread costs alright and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the financial investment platform between the buy price and the price all right 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 worth 599 per share in tesla that actually indicates that when you wish to offer or purchase as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say all right 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 offer it which is how they make a little bit of money on those spread costs it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last feat is called an
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overnight cost now this is actually essential if you’re in fact using cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the exact same day fine there’s then an overnight cost charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which implies you’re in fact purchasing the precise possession rather than utilizing leverage anyhow you won’t get hit with these charges but these fees are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the help area this isn’t the over night fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some surcharges naturally depending on what you are purchasing also this is on your own so keep that in mind however full charges are completely within their aid info fine and we spoke about in addition to totally free to deposit in however there’s a 5 dollar charge if you wish 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 stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any additional charges on top of the typical fees that
exist now what you need to bear in mind though is these potentially managed by other people totally or in some cases have actually developed portfolios you have actually got a genuine person doing the management you need to make certain you select the individual that’s right for you just like any kind of work this is your monetary possessions so we definitely need to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual ways 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 details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however actually 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 fantastic alternative for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it clearly you might have lost out on gains and losses throughout that time of course if you had invested your genuine money it allows you to develop confidence understand 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 in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i mean by that certainly 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 simply indicates am i all right 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 make money you’ll lose cash that’s why they make the fact 75 people will lose money but that equally means they’ll lose at some point in their journey undoubtedly individuals do generate income as well and i’ve got videos everything about how you can make certain you are among individuals to in fact earn money but in this scenario make sure you research your danger level would you be alright providing your cash to another person which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that risky do not select somebody who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might 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 really utilize this too truly quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to really look for someone that you elegant really following so let’s see maybe we want somebody from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually met that requirements and it does provide you a danger factor too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to confirm are you alright with this and off you go now another way to in fact deep dive if we click on 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 great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production companies as that. Does Etoro Works In Nigeria.
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