We get htis a lot on our site the answer to Can You Make Money On Etoro Reddit….Concerns that i hear from new financiers what if you’re brand new to investing you just don’t wish to choose what you in fact want to invest and you desire someone to do it for you there’s only a number of ways that that can take place the first off you can employ an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds particular funds are created 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 keep 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 actually having the total of capital so with anything that you’re finding out about please do study the platform do not just assume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that choice as well so you really get used to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not simply do something because that individual has said they have actually made revenue 14 months in a row buy these choices since you think is the right ones for you which 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 choice to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of options and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs included actually critical you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no cost sites then may not charge you for really buying and selling funds or etfs private products specific stocks.
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there’ll be charges 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 reveal you the fees with in particular in this video the next would be things to know prior to you actually begin purchasing copy trading or copy portfolios and finally some best 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 kick off with fees really essential to comprehend these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling all right so commission fees are complimentary however there are a couple of other charges 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 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 but when you want to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you may state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just one of those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year once every 6 months you know depends totally how you’re investing but that is a fee to remember the second cost that i have actually touched upon is that conversion charge 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 great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is basic they have actually i expect stuck to 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 cost exists what are they in fact providing you in terms of 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 give me us dollars rather you need to pay their costs now the terrific feature of though when you’ve transformed your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s really great utilizing that part of their website will not definitely restrict you in any way nevertheless we have to know 2 other costs the first being what’s called spread charges fine 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 distinction that becomes part of the financial investment platform between the buy rate 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 website right now tesla’s dollar value 599 per share in tesla that actually suggests that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread costs it’s normally incredibly little 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 task is called an
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overnight charge now this is actually essential if you’re in fact utilizing cfds yourself also an overnight charge is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which indicates you’re really purchasing the specific property rather than utilizing take advantage of anyway you will not get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the aid area this isn’t the overnight fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some additional charges obviously depending on what you are buying too this is on your own so keep that in mind but complete costs are totally within their help details okay and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish 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 have actually stated copy trading and copy portfolios are 2 various methods of in fact utilizing these copy works they do not have any additional charges on top of the typical charges that
exist now what you require to bear in mind though is these possibly managed by other people completely or often have developed portfolios you have actually got a genuine person doing the management you need to ensure you select the person that’s right for you much like any type of work this is your financial properties so we definitely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a fantastic option for you once again to test the theories alright you may wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it obviously you may have missed out on gains and losses during that time naturally if you had invested your genuine cash it permits you to construct confidence understand the platform so that’s one alternative 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 keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i alright with potentially losing a great amount of this investment or gaining as
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well now remember whatever is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose cash but that equally suggests they’ll lose at some point in their journey clearly people do earn money as well and i’ve got videos everything about how you can make sure you’re one of the people to actually generate income however in this scenario make sure you research your threat level would you be alright giving your cash to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re someone who isn’t wishing to be that risky do not select somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can really use this too truly easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to in fact search for someone that you fancy in fact following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has fulfilled that criteria and it does offer you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns
remember it’s like anything to do with the news or forecasts 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 way 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 verify are you okay with this and off you go now another method to really deep dive if we click this person for example 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production business as that. Can You Make Money On Etoro Reddit.
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