We get htis a lot on our site the answer to Can Etoro Be Used For Long Term Investments….Questions that i hear from new investors what if you’re brand new to investing you merely don’t want to decide what you actually want to invest and you want someone to do it for you there’s just a number of ways that that can take place the to start with you can work with an investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which of course cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform do not just assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you really get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at risk and we need to bear that in mind do not just do something because that person has actually said they have actually made revenue 14 months in a row invest in these choices since you believe is the ideal ones for you which being said let’s dive directly in [Music] so 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 aspect that is probably.
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famous for it’s the choice to see what other traders are doing incredible we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our money we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically each time they make a trade they buy they offer whatever they do your money will be imitated with it so that means if for instance 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 charges included actually critical you understand what are the costs of this now with any platform there will be some cost to obviously 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 charge websites then may not charge you for really buying and selling etfs or funds specific commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to understand before you in fact start purchasing copy trading or copy portfolios and finally some finest advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges actually important to comprehend these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling okay so commission charges are totally free however there are a couple of other costs the first one is withdrawal fees so you can certainly put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money 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 five dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say alright that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply among those options that they have a lot of platforms undoubtedly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends totally how you’re investing but that is a fee to keep in mind the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two free trade anybody this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really giving you in regards to 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 provide me us dollars rather you have to pay their charges now the fantastic feature of however when you’ve transformed your money you do not have to invest it right now 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 convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly excellent utilizing that part of their website won’t definitely limit you in any way however we have to understand two other charges the first being what’s called spread fees fine and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is essentially the difference that is part of the investment platform between the buy rate and the sale price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread out fees it’s usually exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last accomplishment is called an
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over night cost now this is truly crucial if you’re actually utilizing cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really purchasing the specific asset rather than utilizing utilize anyhow you will not get hit with these costs but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you go into the assistance section this isn’t the over night charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are purchasing too this is on your own so keep that in mind however complete costs are totally within their help details alright and we talked about along with totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of in fact using these copy functions they do not have any additional charges on top of the regular charges that
exist now what you need to remember though is these possibly handled by other individuals entirely or often have created portfolios you have actually got a real individual doing the management you have to make certain you pick the individual that’s right for you much like any profession this is your monetary properties so we definitely require to ensure it’s the right person for us before 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 options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is an excellent choice for you again to test the theories fine you may wish to buy tesla or apple or this etf why not use the virtual alternative as a method to type of safe play with it obviously you may have lost out on gains and losses during that time obviously if you had invested your genuine money it allows you to develop confidence comprehend the platform so that’s one alternative 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 keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that undoubtedly 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 risk simply means am i fine with potentially losing an excellent amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash but that similarly implies they’ll lose at some time in their journey obviously individuals do earn money as well and i have actually got videos all about how you can ensure you’re one of individuals to actually earn money but in this circumstance make certain you research your threat level would you be okay providing your money to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too actually quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact search for somebody that you elegant really following so let’s see perhaps we desire someone from joined kingdom um who buys let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good quantity and i can discover everyone who has actually satisfied that requirements and it does provide you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
bear in mind it’s like 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 might make four 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 know ask you to verify are you alright with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually 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 bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine actually that i buy too which is good so actually for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of primary food companies and you’ve got you understand pharmaceutical and production business as that. Can Etoro Be Used For Long Term Investments.
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