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So whilst talking we found out about Vivir Etoro…Very first lets talk about… I’m going to be covering one of my favourite investment platforms. to use now if you are someone who’s followed me for a long period of time there’s a couple of platforms that i usage for our financial investment portfolios the first being vanguard i utilize them for my investment isa one of the key platforms i usage because of the range.
Of things that i can invest in my spouse and i utilize it every month for our passive earnings obstacle so if you haven’t inspected that out go and check it out now some of our videos where we invest small amounts of money and we essentially need to competitively choose different options and we actually use now i want to explain particularly if you remain in the uk it’s a cfd platform so that’s certificates
Different so it’s a particular way of in fact trading in the stock market so in today’s video i’m going to cover for newbies if you have actually never ever thought about 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 likewise provide you a high level view of how i use it and some of the tools and functions that i discover actually interesting as a somewhat advanced
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Investor i have actually been doing it for many years consisting of crypto including different commodities and good old specific stocks and shares and [Music] etfs i will say though remember with financial investments your capital is at risk this is not the same as putting money in a bank you are in fact doing real transactions with real business buying stocks and shares and commodities
So please understand what you’re purchasing don’t simply take my word for it don’t copy me believing i know all the responses do your own research study make sure you utilize your own best understanding prior to investing or even going near an investment platform so i was in fact dive into some of the advantages and disadvantages of using so first thing i will reiterate it’s a cfd conventional platform that means it’s.
Contracts for difference that it deals in now cfd platform suggests that you can utilize take advantage of when you’re purchasing shares and stocks and i’m not going to deep dive too much into that however it’s basically a method of actually investing when you do not have the full amount of capital there so clearly it comes with a great deal of rewards but a lot of threats too where you might even actually wind up.
Owing the investment platform cash if you make their own options so i’m not going to cover that in this video in any day so it started in 2007 there’s approximately over 10 million active users worldwide and you can buy basically anything you can think about in the stock market and products and even cryptocurrency so for me as an investor it’s definitely my more advanced.
Methods it does not have investment isas or any kind of tax effective investing in the uk and therefore whatever i make dividends and in fact trading of stocks i have to pay the accordingly capital gains and dividend tax it’s a little bit more intricate without doubt compared to some other platforms for more newbie level but likewise the added function of what they call copy trading So as i explained you can actually find other investors it’s sort of a bit like social investing you can pick someone you can even copy their portfolio so every time they make a buy or a sale you will do likewise and it’s controlled undoubtedly by the fca so you understand that your cash has some level of security if anything need to take place fe overall as a whole need to decrease now.
Do have a video that talks a lot more detail about cfds over traditional investment isis and conventional investing accounts so please do inspect that out so you can comprehend the primary differences with agreements for distinction compared to purchasing stocks or commodities or etfs with someone else now with you trade in u.s dollars the minimum deposit to open up is 200 and what will take place is.
A bit money in there have it converted at the spot rate and then use those dollar worths to buy whatever i like there is a withdrawal fee of five dollars every time you wish to squander your financial investments so absolutely ensure you’re not using this as a daily incident make certain likewise if you perhaps have stocks that are 10 dollars and you cash out you’re going to be hit with a withdrawal.
Fee of five dollars so for me though i’m building a long-term portfolio and i’m merely not going to be squandering most likely possibly once a year once every six months at the most it is reported that approximately 76 of individuals utilizing cfds will lose money and i wish to certify why that occurs i’ve touched upon in lots of videos however it’s generally since individuals use this take advantage of idea.
Numerous cfd users wind up losing money because they have actually got that leverage instead of when i use it i keep it as a straight times one so the worth that i buy is certainly equal to what i’m really getting now they have both a user and an app interface online i discover the app extremely easy to use incredibly quick lots of detailed information about the.
I’m able to actually look at the best investors who’ve made revenues that month that year and see how are they really moving and trading maybe it’s on an everyday level maybe a monthly level however i’m also able to get guidance for what they in fact say we should purchase hold or sell so it’s a really great resource to really see what other individuals are doing there’s a social element doesn’t indicate i require to copy them exactly but i can utilize that as.
Then Vivir Etoro Understanding when i’m thinking of making a buy or a sale the great thing is like other platforms they have a practice account also so trading two and two also provide this where you can have a practice environment knowing that you’re not buying or offering or making any money at all however you can see what would take place if you had actually made those options so if you are a newbie you wish to have.