We get htis a lot on our site the answer to Can You Trust Etoro….Concerns that i speak with new investors what if you’re brand new to investing you merely do not want to decide what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first of all you can hire a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is of course 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 full amount of capital so with anything that you’re discovering please do study the platform do not just assume since 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 option too so you in fact get used to the structure of the website and after that when you’re ready to use your own cash 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 investing in real companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at danger and we need to bear that in mind do not simply do something since that individual has actually said they have actually made earnings 14 months in a row purchase these options because you think is the ideal ones for you which being said let’s dive straight 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’s part of social trading which is one element that is probably.
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famous for it’s the alternative to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really say i want to do exactly what that trader is doing or match that specific portfolio of options and generally each time they make a trade they purchase they sell whatever they do your cash will be imitated with it so that indicates if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really crucial you comprehend what are the expenses of this now with any platform there will be some expense to clearly 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 cost sites then may not charge you for really buying and selling etfs or funds individual products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs 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 prior to you really start purchasing copy trading or copy portfolios and lastly some best guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges actually important to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling fine so commission charges 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’re 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 however when you want to withdraw your money so you sell your shares you sell your commodities 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 knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state okay that’s quite pricey 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 choices that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know depends totally how you’re investing but that is a cost to bear in mind the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow 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 fee now when you utilize anyone so if you’re utilizing trading two and two open market anybody this is standard they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they actually offering you in terms of 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 state give me us dollars instead you need to pay their costs now the terrific thing about however when you’ve transformed your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money 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 additional costs so that’s truly good utilizing that part of their site will not certainly limit you in any way however we need to be aware of two other fees the very first being what’s called spread costs fine and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the list price fine it’s their premium on doing both those 2 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 implies that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that 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 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 occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread charges 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 cash now the last task is called an
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overnight charge now this is really crucial if you’re actually using cfds yourself also an over night fee 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 or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which implies you’re actually purchasing the exact property instead of utilizing leverage anyhow you won’t get hit with these costs however these charges are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you enter into the help 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some additional charges obviously depending upon what you are purchasing as well this is on your own so keep that in mind however complete costs are entirely within their aid info all right and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually using these copy operates they do not have any extra costs on top of the regular costs that
are there now what you require to keep in mind though is these possibly handled by other individuals totally or sometimes have actually created portfolios you have actually got a genuine individual doing the management you have to make certain you choose the individual that’s right for you similar to any kind of work this is your monetary possessions so we absolutely require to make sure it’s the ideal 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 various options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio simulate 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 money maybe this is a terrific option for you again to test the theories alright you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe have fun with it obviously you might have missed out on gains and losses throughout that time naturally if you had actually invested your real money it permits you to build self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i suggest 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 just means am i okay with potentially losing an excellent amount of this investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose money however that similarly means they’ll lose at some point in their journey certainly people do generate income as well and i have actually got videos all about how you can make sure you’re one of the people to actually make money but in this scenario make sure you research study your threat level would you be alright providing your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re somebody who isn’t wanting to be that dangerous do not select someone who’s totally into crypto or currency conversion consider 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 desire 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 utilize this too really easily over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact look for someone that you elegant really following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has satisfied that criteria and it does provide you a danger factor as well 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 resembles anything to do with the news or predictions of the future this does not suggest someone 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 easy as clicking the copy button and off you go and after that you understand ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually purchasing 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 definitely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so in fact for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Can You Trust Etoro.
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