We get htis a lot on our site the answer to Can You Trade Binary Option On Etoro….Questions that i hear from brand-new financiers what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the to start with you can employ a financial investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can purchase 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 also now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you actually get used to the structure of the website and after that 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 danger this is investing we’re doing you’re purchasing real companies if you choose to in this particular video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that person has stated they’ve made profit 14 months in a row purchase these choices because you believe is the right ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to 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 incredible we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can actually state i wish to do precisely what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that implies 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 fees included really vital you understand what are the expenses of this now with any platform there will be some expense to certainly 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 charge sites then might not charge you for really buying and selling funds or etfs individual commodities individual 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 sort of costs 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 understand before you in fact begin buying copy trading or copy portfolios and finally some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s begin with charges actually crucial to comprehend these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling okay so commission costs are free however there are a couple of other charges the first one is withdrawal fees so you can obviously put money 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 in the future but when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state okay that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just one of those options that they have a great deal of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a cost to bear in mind the 2nd fee that i have actually touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is basic they have i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge 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 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 excellent aspect of however when you’ve transformed your money you do not need 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 buy 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 actually great utilizing that part of their website won’t definitely limit you in any way however we need to be aware of two other charges the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy cost and the sale price alright 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 worth 599 per share in tesla that really indicates that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the existing 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 find this everywhere this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out costs 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 again make a bit money now the last accomplishment is called an
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overnight cost now this is really essential if you’re actually using cfds yourself also an over night fee is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which means you’re really buying the specific possession instead of utilizing leverage anyway you will not get hit with these charges however these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the assistance section this isn’t the over night fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i stated to cfds there are some service charges of course depending upon what you are purchasing also this is on your own so keep that in mind however full fees are totally within their aid details fine and we talked about in addition to complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they don’t have any extra charges on top of the normal costs that
are there now what you need to remember though is these potentially handled by other individuals totally or in some cases have actually produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the person that’s right for you much like any line of work this is your monetary assets so we definitely need to ensure it’s the right person 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 number of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means 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 information or anything you can essentially have this virtual portfolio mimic as if you are using your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a great option for you again to check the theories fine you might want to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you might have missed out on gains and losses during that time obviously if you had actually invested your real money it permits you to build confidence understand 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 keep in mind before you pick somebody 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 undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i alright with potentially losing an excellent amount of this financial investment or getting as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that similarly indicates they’ll lose at some time in their journey obviously individuals do generate income as well and i have actually got videos everything about how you can ensure you’re one of individuals to really generate income however in this situation make certain you research your threat level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them make certain you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more traditional etfs and index funds you may 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 really utilize this too really easily over here you can copy individuals now it will offer you a lot of options and you can use the system to actually look for someone that you expensive in fact following so let’s see perhaps we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has met that criteria and it does offer you a risk factor also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people 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 might make 4 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 understand ask you to verify are you okay with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually 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 great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is excellent so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production business as that. Can You Trade Binary Option On Etoro.
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