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So whilst talking we found out about Meglio Etoro O…First lets talk about… I’m going to be covering one of my favourite investment platforms. to use now if you are somebody who’s followed me for a very long time there’s a number of platforms that i usage for our investment portfolios the first being vanguard i use them for my investment isa among the key platforms i usage because of the variety.
Of things that i can purchase my other half and i use it every month for our passive income obstacle so if you have not checked that out go and check it out now a few of our videos where we invest small amounts of money and we basically have to competitively select different options and we in fact utilize now i want to describe particularly if you’re in the uk it’s a cfd platform so that’s certificates
Various so it’s a particular method of actually selling the stock market so in today’s video i’m going to cover for novices if you have actually never ever considered the platform i hope this is going to be actually beneficial for you i’m going to deep dive into a few of the pros and the cons and also give you a high level view of how i use it and a few of the tools and functions that i find truly fascinating as a somewhat advanced
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Investor i’ve been doing it for several years consisting of crypto consisting of different commodities and great old private stocks and shares and [Music] etfs i will say though remember with financial investments your capital is at danger this is not the like putting money in a bank you are actually doing real deals with genuine companies buying shares and stocks and commodities
Please understand what you’re investing in don’t simply take my word for it don’t copy me thinking i understand all the responses do your own research make sure you use your own best knowledge before investing or even going near a financial investment platform so i was really dive into some of the advantages and downsides of using so very first thing i will state again it’s a cfd traditional platform that means it’s.
Contracts for difference that it handles now cfd platform indicates that you can use take advantage of when you’re buying shares and stocks and i’m not going to deep dive excessive into that however it’s essentially a method of really investing when you don’t have the full amount of capital there so clearly it comes with a lot of benefits however a lot of risks also where you could even in fact wind up.
Owing the investment platform cash if you make their own choices so i’m not going to cover that in this video in any day so it started in 2007 there’s roughly over 10 million active users worldwide and you can invest in basically anything you can think about in the stock exchange and commodities and even cryptocurrency so for me as a financier it’s certainly my advanced.
Strategies it does not have financial investment isas or any type of tax efficient investing in the uk and for that reason whatever i make dividends and actually trading of stocks i need to pay the accordingly capital gains and dividend tax it’s a bit more complicated without doubt compared to some other platforms for more beginner level but also the included function of what they call copy trading So as i discussed you can in fact find other investors it’s sort of a bit like social investing you can choose somebody you can even copy their portfolio so each time they make a sale or a buy you will do likewise and it’s regulated certainly by the fca so you understand that your cash has some level of protection if anything should happen fe total as a whole need to go down now.
Do have a video that talks a lot more information about cfds over conventional financial investment isis and standard investing accounts so please do examine that out so you can understand the primary differences with contracts for difference compared to purchasing stocks or commodities or etfs with someone else now with you sell u.s dollars the minimum deposit to open is 200 and what will take place is for instance.
A bit money in there have it converted at the spot rate and after that use those dollar values to purchase whatever i like there is a withdrawal cost of five dollars each time you want to squander your investments so definitely make certain you’re not using this as a daily occurrence make sure likewise if you maybe have stocks that are 10 dollars and you squander you’re going to be hit with a withdrawal.
Fee of five dollars so for me though i’m developing a long-term portfolio and i’m merely not going to be cashing out probably maybe once a year as soon as every six months at the most it is reported that approximately 76 of people using cfds will lose cash and i want to qualify why that happens i have actually touched upon in numerous videos but it’s typically since people use this take advantage of principle.
Numerous cfd users end up losing cash due to the fact that they’ve got that utilize instead of when i utilize it i keep it as a straight times one so the value that i buy is certainly equal to what i’m in fact getting now they have both an app and a user interface online i find the app incredibly easy to use exceptionally fast great deals of in-depth details about the.
I’m able to really look at the finest financiers who’ve made profits that month that year and see how are they in fact moving and trading maybe it’s on a daily level possibly a month-to-month level but i’m likewise able to get assistance for what they actually state we ought to purchase hold or sell so it’s a truly great resource to in fact see what other individuals are doing there’s a social element doesn’t indicate i require to copy them exactly but i can use that as.
Then Meglio Etoro O Knowledge when i’m thinking about making a buy or a sale the terrific thing is like other platforms they have a practice account too so trading two and 2 also offer this where you can have a practice environment knowing that you’re not buying or selling or making any cash at all however you can see what would take place if you had made those choices so if you are a newbie you wish to have.