We get htis a lot on our site the answer to Buy Index Funds Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the firstly you can employ a financial investment portfolio manager they’ll typically charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 also now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t just assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that choice too so you really get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine business if you select to in this particular video we’re speaking about how to copy other people’s investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they have actually made revenue 14 months in a row buy these options due to the fact that you think is the right ones for you and that being stated let’s dive straight in [Music] The things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of 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 do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the charges included truly critical you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no cost sites then may not charge you for actually buying and selling funds or etfs individual commodities individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs truly essential to comprehend these now on there’s a number of charges there isn’t fees to do with actually buying and selling all right so commission costs are free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk money.
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and it’s automatically 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 sell your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might state all right that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply among those options that they have a great deal of platforms clearly are totally 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 six months you know depends completely how you’re investing however that is a charge to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they really offering 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 say give me us dollars rather you need to pay their fees now the great aspect of however when you’ve transformed your money you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests 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 utilizing that part of their website will not certainly restrict you in any way however we need to know two other costs the first being what’s called spread fees okay and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is basically the difference that belongs to the financial investment platform between the buy rate and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that in fact implies 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 existing rate of tesla is the worth of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last task is called an
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over night charge now this is really important if you’re in fact using cfds yourself too an over night cost is when you’re refraining from doing that buy offer deal in the exact same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact buying the precise asset instead of using utilize anyway you will not get hit with these fees but these costs are if you’re utilizing leverage and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the assistance section this isn’t the over night charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges obviously depending on what you are investing in also this is on your own so keep that in mind but full costs are totally within their assistance details fine and we discussed in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually using these copy works they don’t have any additional charges on top of the normal fees that
exist now what you require to keep in mind though is these possibly managed by other individuals totally or in some cases have produced portfolios you’ve got a genuine individual doing the management you need to make certain you pick the person that’s right for you much like any kind of work this is your financial properties so we definitely require to make sure it’s the right 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’ve got a number of different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i believe 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 information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is a terrific alternative for you once again to evaluate the theories alright you may want to buy tesla or apple or this etf why not use the virtual choice as a way to sort of safe have fun with it undoubtedly you might have lost out on gains and losses during that time naturally if you had invested your genuine cash it permits you to build confidence understand the platform so that’s one option for you then next week and i’m going to return 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 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 indicate by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i all right with potentially losing a great amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose money however that equally suggests they’ll lose at some point in their journey certainly people do make money as well and i have actually got videos everything about how you can make sure you are among the people to really make money but in this situation make sure you research your risk level would you be alright providing your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wanting to be that risky do not select someone who’s totally into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact use this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to really look for someone that you fancy actually following so let’s see maybe we want somebody from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has satisfied that requirements and it does offer you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another method to really 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 in fact buying 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 understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is great so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Buy Index Funds Etoro.
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