We get htis a lot on our site the answer to Can You Use Scans On Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to decide what you really want to invest and you desire someone to do it for you there’s just a couple of ways that that can occur the first off you can work with a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that perhaps one or two 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 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 too now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply 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 money they give that alternative 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 naturally your capital is at threat this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that individual has actually stated they’ve made profit 14 months in a row invest in these choices since you think is the ideal ones for you which being said let’s dive directly 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 aspect that is probably.
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well-known for it’s the option to see what other traders are doing unbelievable we do not normally 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 actually say i want to do exactly what that trader is doing or match that specific portfolio of choices and generally every time they make a trade they buy they sell whatever they do your money will be mimicked 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 cash in so we’re going to also cover is the costs included actually vital you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies 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 actually buying and selling funds or etfs private products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you actually begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with charges actually crucial to comprehend these now on there’s a couple of costs there isn’t costs to do with really buying and selling fine so commission costs are complimentary however there are a number of other fees the 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 automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you may state fine that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those options that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every 6 months you know depends completely how you’re investing however that is a fee to bear in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’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 or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really offering 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 costs now the terrific thing about though when you have actually transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good using that part of their website won’t definitely limit you in any way however we have to know 2 other charges the first being what’s called spread costs alright and i’m going to show you what i mean on now a spread cost as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy cost and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact suggests that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction in 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 out fees it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last feat is called an
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over night charge now this is truly important if you’re in fact using cfds yourself too an overnight cost is when you’re not doing that buy sell deal in the exact same day fine there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which implies you’re really buying the exact property instead of utilizing utilize anyhow you won’t get hit with these charges but these costs are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the assistance area this isn’t the over night charges info you can see exactly 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 stated to cfds there are some service charges naturally depending on what you are investing in as well this is on your own so keep that in mind but complete charges are entirely within their aid info all right and we spoke about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of really using these copy works they do not have any extra costs on top of the regular costs that
exist now what you require to bear in mind though is these potentially managed by other individuals entirely or often 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 much like any line of work this is your monetary assets so we absolutely require to make certain 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 choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is an excellent choice for you once again to test the theories alright you may want to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe play with it obviously you may have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure 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 state the longer you’re leaving your investments the riskier you can be risk simply indicates am i all right with possibly losing a good amount of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money however that similarly means they’ll lose eventually in their journey undoubtedly individuals do earn money as well and i’ve got videos all about how you can make certain you’re one of individuals to really generate income but in this scenario make certain you research study your threat level would you be okay offering your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re somebody who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps 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 actually utilize this too really easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to really look for somebody that you elegant in fact following so let’s see perhaps we want someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has fulfilled that requirements and it does offer you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee 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 validate are you alright 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 actually 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 little bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is great so in fact for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Can You Use Scans On Etoro.
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