We get htis a lot on our site the answer to Connect An Ea To Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t want to choose what you in fact want to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the firstly you can hire an investment portfolio supervisor they’ll generally 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 of course you can purchase mutual funds specific funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re discovering please do study the platform do not simply assume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own cash 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 select to in this specific video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that individual has stated they’ve made profit 14 months in a row buy these choices due to the fact that you believe is the right ones for you and that being said let’s dive straight in [Music] so the 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 most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary 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 indicates 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 basically every time they make a trade they buy they sell whatever they do your money will be imitated with it so that indicates if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included actually critical you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no cost websites then might not charge you for in fact buying and selling etfs or funds individual commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 understand before you actually begin investing in copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with fees truly crucial to understand these now on there’s a number of charges there isn’t costs to do with actually buying and selling alright so commission fees are totally 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 instantly converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you sell your shares you offer your products 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 of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might state okay 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 fees are simply one of those choices that they have a lot of platforms certainly are 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 as soon as every 6 months you understand depends entirely how you’re investing but that is a charge to keep in mind the 2nd cost that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway 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 cost now when you utilize anyone so if you’re utilizing trading 2 and 2 free trade anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 instead you need to pay their charges now the excellent feature of though when you’ve converted your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s really great utilizing that part of their site won’t certainly restrict you in any way nevertheless we need to understand two other costs the first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to show you
on is basically the distinction that belongs to the financial investment platform between the buy rate and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really indicates that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say okay well why does that happen it just 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 want to sell it which is how they make a bit of money on those spread fees it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit cash now the last accomplishment is called an
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overnight fee now this is really essential if you’re in fact utilizing cfds yourself as well an over night charge is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an overnight cost 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 really buying out the etf the stock the commodity and using time one leverage which indicates you’re really buying the specific property rather than utilizing leverage anyhow you will not get hit with these costs however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the help area this isn’t the overnight fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some added fees naturally depending upon what you are purchasing as well this is on your own so keep that in mind however complete fees are entirely within their aid information okay and we spoke about along with free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually using these copy functions they don’t have any extra charges on top of the regular fees that
exist now what you need to keep in mind though is these possibly handled by other individuals completely or sometimes have actually developed portfolios you’ve got a genuine person doing the management you need to make sure you choose the individual that’s right for you just like any kind of work this is your monetary possessions so we absolutely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash possibly this is a great alternative for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it clearly you may have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it enables you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply by that certainly 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 just suggests am i fine 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 make money you’ll lose cash that’s why they make the figure 75 people will lose money however that equally implies they’ll lose eventually in their journey obviously people do make money also and i have actually got videos everything about how you can make sure you’re one of the people to actually earn money however in this situation ensure you research your threat level would you be alright providing your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky do not select somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too really easily over here you can copy people now it will provide you a great deal of choices and you can use the system to really look for someone that you fancy really following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has satisfied that requirements and it does provide you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy 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 in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is good so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Connect An Ea To Etoro.
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