We get htis a lot on our site the answer to Best Day Traders Etoro….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely don’t want to choose what you really wish to invest and you want someone to do it for you there’s just a couple of ways that that can happen the to start with you can hire an investment portfolio supervisor they’ll generally charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific 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 quite advanced you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume due to the fact that i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option also so you really get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying real companies if you pick to in this specific video we’re discussing 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 just do something because that person has said they’ve made profit 14 months in a row buy these options due to the fact that you think is the ideal ones for you and that being stated let’s dive directly in [Music] The things we’re going to cover in this video is understanding 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 option to see what other traders are doing extraordinary we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our money we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of choices and generally each 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 money in so we’re going to also cover is the fees involved truly crucial you understand what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no fee websites then might not charge you for really buying and selling etfs or funds individual products specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you in fact start investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s begin with fees really important to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling all right so commission charges are free however there are a number of other costs the very first one is withdrawal fees so you can clearly put money 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 in the future but when you wish to withdraw your money so you offer your shares you offer 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 knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say okay 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 one of those options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you know depends entirely how you’re investing but that is a fee to keep in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk which’s fine 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 or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading 2 and two open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually giving you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state provide me us dollars rather you have to pay their fees now the terrific aspect of though when you have actually converted your cash you do not need to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent utilizing that part of their site won’t definitely limit you in any way nevertheless we need to understand two other costs the very first being what’s called spread charges alright and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy price and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually suggests that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the present rate of tesla is the worth of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you say fine well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a bit of cash on those spread charges it’s generally 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 cash now the last feat is called an
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over night charge now this is really crucial if you’re in fact using cfds yourself too an overnight cost is when you’re not doing that buy offer deal in the same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which suggests you’re in fact purchasing the precise possession instead of utilizing utilize anyway you won’t get hit with these charges but these fees are if you’re using leverage 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 help section this isn’t the overnight fees information you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some surcharges of course depending upon what you are investing in also this is on your own so keep that in mind however complete charges are entirely within their aid information fine and we spoke about as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of actually utilizing these copy works they do not have any additional costs on top of the typical costs that
are there now what you require to remember though is these possibly handled by other people totally or in some cases have actually created portfolios you have actually got a real person doing the management you need to make sure you select the individual that’s right for you much like any line of work this is your financial possessions so we definitely require to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a terrific alternative for you again to check the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe play with it clearly you might have missed out on gains and losses throughout that time obviously if you had actually invested your real money it permits you to develop confidence comprehend 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 bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i indicate by that obviously 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 indicates am i fine with possibly losing a good amount of this investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that equally suggests they’ll lose at some point in their journey undoubtedly people do make money too and i have actually got videos everything about how you can make sure you are among individuals to really make money however in this circumstance ensure you research study your risk level would you be all right offering your cash to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that risky don’t choose someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional 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 in fact utilize this too actually easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact search for somebody that you elegant actually following so let’s see maybe we want someone from unified kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does give you a threat aspect also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety 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 suggest somebody will make 56 for you for the next 12 months they could make 4 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 validate 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 really deep dive into what is she in fact investing in so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production companies as that. Best Day Traders Etoro.
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