Find the answer to Can You Use Ledger With Etoro Pro….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not want to decide what you really want to invest and you want someone to do it for you there’s just a couple of manner ins which that can happen the first off you can employ an investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are developed 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 too now if you’re brand new to an overall please keep in mind this platform is rather advanced you can do cfds which naturally cfds are methods 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 do not simply assume because i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you really get utilized to the structure of the site 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 threat this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at risk 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 buy these choices because you think is the right ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t normally 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 actually say i want to do exactly what that trader is doing or match that exact portfolio of options and generally every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests if for example 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 truly important you understand what are the costs of this now with any platform there will be some expense to certainly 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 zero cost websites then may not charge you for really buying and selling funds or etfs private commodities individual 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 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 understand prior to you really begin investing in copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges truly crucial to comprehend these now on there’s a couple of costs there isn’t charges to do with actually buying and selling fine so commission charges are free however there are a couple of other fees the very first one is withdrawal charges so you can obviously put cash in now if you’re 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 on but 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 of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are simply among those choices that they have a great deal of platforms obviously are free 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 when every 6 months you know depends totally how you’re investing but that is a charge to remember the 2nd cost that i’ve discussed is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even 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 two open market anybody this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they actually 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 offer me us dollars rather you need to pay their costs now the excellent feature of however when you’ve converted your money you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their site will not certainly restrict you in any way however we need to be aware of two other charges the very first being what’s called spread charges okay and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is basically the difference that becomes part of the investment platform between the buy price and the list 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 today tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing price 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 discover this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you say fine well why does that happen 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 little bit of money on those spread out charges it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit money now the last accomplishment is called an
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overnight charge now this is really essential if you’re in fact utilizing cfds yourself too an overnight fee is when you’re not doing that buy sell deal in the very same day fine there’s then an overnight charge charged or even 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 in fact buying out the etf the stock the commodity and using time one utilize which suggests you’re really purchasing the specific asset instead of utilizing take advantage of anyway you will not get hit with these charges however these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling 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 exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some added fees of course depending upon what you are purchasing as well this is on your own so keep that in mind however full charges are completely within their assistance information fine and we discussed in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of in fact utilizing these copy works they don’t have any additional costs on top of the normal charges that
are there now what you require to remember though is these potentially managed by other individuals totally or sometimes have developed portfolios you have actually got a genuine person doing the management you need to make certain you select the person that’s right for you just like any type of work this is your financial possessions so we absolutely require to make certain it’s the best individual for us prior to 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 different choices for us firstly if you’re brand new to investing i wish 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 money that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a terrific choice for you again to test the theories all right you might wish to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it certainly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real cash it permits you to develop self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return 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 bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that undoubtedly 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 just implies am i alright with possibly losing an excellent amount of this investment or getting as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly implies they’ll lose eventually in their journey certainly individuals do make money as well and i have actually got videos all about how you can make sure you are among individuals to actually generate income however in this circumstance ensure you research study your risk level would you be alright providing your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation 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 use this too actually quickly over here you can copy individuals now it will give you a lot of options and you can use the system to really look for somebody that you expensive in fact following so let’s see possibly we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everyone who has met that criteria and it does give you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
bear in mind it resembles 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 might make 4 or minus 50 there’s no way to ensure 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 verify 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 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 good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine actually that i buy too which is excellent so in fact for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production business as that. Can You Use Ledger With Etoro Pro.
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