We get htis a lot on our site the answer to Correct Answers For Etoro Questions….Concerns that i hear from brand-new investors what if you’re brand new to investing you merely don’t 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 take place the firstly you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is naturally you can purchase mutual funds particular 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 keep in mind this platform is quite innovative 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 do not just presume since i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really get used to the structure of the site and then 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 investing in real companies if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not just do something because that person has said they have actually made profit 14 months in a row invest in these options since you think is the right ones for you and that being said let’s dive straight in [Music] so the important 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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famous for it’s the choice to see what other traders are doing incredible we do not generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can really say i want to do precisely what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they buy they offer whatever they do your money will be imitated 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 fees included truly critical you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee websites then might not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 know before you actually begin purchasing copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges actually essential to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling alright so commission charges are totally free however there are a couple of other charges the very first one is withdrawal costs so you can undoubtedly put cash 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 later on however when you wish to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering 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 definitely require to now you may state okay that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just among 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 largely it can be maybe even once a year as soon as every 6 months you know depends totally how you’re investing however that is a fee to bear in mind the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion fee is there what are they really 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 offer me us dollars instead you need to pay their charges now the fantastic thing about though when you have actually transformed 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 implies the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s truly great utilizing that part of their website won’t certainly restrict you in any way however we have to know 2 other costs the very first being what’s called spread charges okay and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is basically the difference that is part of the financial investment platform in between the buy cost and the 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 suggests that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current rate of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this everywhere 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 obviously it’s more pricey to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction 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 costs it’s normally 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 bit money now the last task is called an
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over night cost now this is truly important if you’re in fact using cfds yourself too an over night charge is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night cost charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which means you’re really purchasing the specific property rather than utilizing take advantage of anyhow you will not get hit with these costs but these fees are if you’re using 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 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 over night or you’re doing over weekends which only uses as i said to cfds there are some added fees naturally depending on what you are buying also this is on your own so keep that in mind but complete fees are entirely within their help info okay and we discussed in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of in fact using these copy operates they don’t have any extra charges on top of the typical charges that
are there now what you require to remember though is these potentially managed by other individuals completely or in some cases have developed portfolios you have actually got a real person doing the management you have to ensure you pick the individual that’s right for you much like any profession this is your monetary possessions so we definitely need 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 want to use this function we’ve got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual methods i think 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 generally have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great choice for you once again to check the theories all right you may want to buy tesla or apple or this etf why not use the virtual alternative as a way to type of safe have fun with it undoubtedly you may have lost out on gains and losses during that time naturally if you had invested your real money it permits you to construct 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 actually how to copy people and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i mean by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i all right with possibly losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose cash that’s why they make the fact 75 people will lose money however that equally implies they’ll lose at some point in their journey certainly people do make money also and i have actually got videos all about how you can ensure you are among individuals to really earn money but in this circumstance make sure you research study your danger level would you be okay offering your money to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous don’t choose somebody who’s totally into crypto or currency conversion think about 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 same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy people now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you expensive really following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually fulfilled that criteria and it does offer you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
remember it resembles 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 could make 4 or minus 50 there’s no chance 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 bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine really that i purchase too which is good so actually for me understanding 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 prefers she’s also got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Correct Answers For Etoro Questions.
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