We get htis a lot on our site the answer to Can Etoro Trade Crypto….Questions that i hear from new investors what if you’re brand new to investing you merely don’t wish to decide what you in fact wish to invest and you want someone to do it for you there’s only a number of manner ins which that can happen the first of all you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are developed once again with an account manager 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 a total please keep in mind this platform is quite innovative you can do cfds which of course cfds are methods 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 simply assume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they give that choice too so you actually get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something because that person has stated they have actually made profit 14 months in a row buy these choices because you think is the right ones for you which being said let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that indicates if for example 10 of their 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 fees included truly crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no fee sites then may not charge you for really buying and selling funds or etfs specific commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 lastly some finest suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with fees truly essential to comprehend these now on there’s a couple of fees there isn’t costs to do with actually buying and selling fine so commission costs are free nevertheless there are a couple of other costs the very first one is withdrawal charges so you can undoubtedly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however 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 obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might state fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere 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 five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you understand depends entirely how you’re investing however that is a charge to remember the 2nd fee that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading 2 and 2 free trade anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost exists what are they in fact providing 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 say give me us dollars instead you need to pay their charges now the terrific aspect of however when you’ve transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great utilizing that part of their site won’t definitely limit you in any way nevertheless we have to understand two other fees the first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is generally the difference that belongs to the investment platform in between the buy cost and the list price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 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 rate you’re seeing up here let me show 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 really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that occur it just 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 which is how they make a bit of cash on those spread out fees it’s generally extremely little it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last feat is called an
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overnight fee now this is really crucial if you’re really using cfds yourself as well an over night cost is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which means you’re actually purchasing the exact property instead of utilizing utilize anyway you will not get hit with these costs but these charges are if you’re utilizing leverage and cfds and after that you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the help section this isn’t the overnight fees info 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 overnight or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges naturally depending on what you are purchasing as well this is on your own so keep that in mind but complete costs are totally within their aid information alright and we discussed in addition to totally 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 charge now another thing to call it as i have actually said copy trading and copy portfolios are two various methods of in fact utilizing these copy works they don’t have any additional charges on top of the regular charges that
exist now what you require to bear in mind though is these possibly handled by other people totally or often have actually developed portfolios you have actually got a genuine person doing the management you need to ensure you pick the individual that’s right for you much like any line of work this is your monetary possessions so we absolutely require to ensure it’s the ideal individual for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash 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 credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a great option for you again to test the theories fine you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it clearly you might have lost out on gains and losses during that time obviously if you had invested your real money it permits you to build self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i mean 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 simply means am i alright with potentially losing a great quantity of this financial investment or gaining as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that similarly means they’ll lose at some time in their journey clearly individuals do earn money also and i have actually got videos all about how you can make sure you’re one of the people to in fact make money however in this scenario make sure you research your risk level would you be alright providing your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too really easily over here you can copy people now it will give you a lot of options and you can use the system to in fact look for someone that you fancy actually following so let’s see possibly we want somebody from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has met that requirements and it does provide you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify 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 really deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got a few of mine really that i invest in too which is good so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems 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. Can Etoro Trade Crypto.
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