We get htis a lot on our site the answer to Could You Make Money With Etoro….Concerns that i hear from 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 desire someone to do it for you there’s only a couple of manner ins which that can take place the first off you can hire a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally 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 too now if you’re brand new to an overall please keep in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t simply presume due to the fact that i use 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 consider that option too so you really 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 business if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they have actually made earnings 14 months in a row invest in these options since you think is the right ones for you which being stated let’s dive straight in [Music] The 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and basically each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that means if for example 10 of their financial investment portfolio is 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 vital you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the no fee sites then might not charge you for really buying and selling funds or etfs private commodities private 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 kinds of fees associated so do your due diligence and i’m going to show you the fees 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 finally some best recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with charges truly essential to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling fine so commission fees are complimentary nevertheless there are a couple of other fees the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you offer 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges 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 mainly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a cost to keep in mind the second charge that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk which’s fine 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 even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re utilizing trading two and two free trade anyone at all this is basic they have actually i suppose 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 fee is there what are they really 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 instead you need to pay their fees now the great thing about however when you have actually converted your money you do not have to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary 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 actually good utilizing that part of their site won’t certainly limit you in any way however we need to understand two other charges the very first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is generally the difference that is part of the investment platform in between the buy rate and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that in fact implies that when you wish to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the present rate of tesla is the value 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 all over this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind clearly it’s more expensive 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 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 and that is how they make a bit of cash on those spread charges it’s generally exceptionally 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 money now the last feat is called an
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overnight fee now this is truly important if you’re really utilizing cfds yourself as well an overnight fee is when you’re not doing that buy sell transaction in the exact same day all right there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re really buying the exact property instead of using utilize anyway you will not get hit with these charges but these costs are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the help section this isn’t the over night fees information 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 over night or you’re doing over weekends and that only uses as i said to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind but full charges are entirely within their assistance info okay and we discussed in addition to free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy operates they don’t have any extra costs on top of the regular charges that
exist now what you need to bear in mind though is these potentially handled by other individuals totally or in some cases have created portfolios you have actually got a genuine person doing the management you need to ensure you pick the individual that’s right for you much like any profession this is your monetary properties so we absolutely require to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we have actually 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 option to invest genuine 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 will not require to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent option for you once again to evaluate the theories all right you might want to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe play with it obviously you might have missed out on gains and losses during that time naturally if you had actually invested your real money it allows you to build confidence comprehend the platform so that’s one alternative 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 individuals 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 sure you understand what your danger profile is now what do i indicate by that clearly 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 possibly losing an excellent quantity of this investment or gaining as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly suggests they’ll lose at some point in their journey obviously people do generate income also and i’ve got videos everything about how you can make certain you’re one of individuals to in fact earn money but in this situation make sure you research study your threat level would you be all right providing your cash to somebody 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 wishing to be that risky don’t choose someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually use this too truly quickly over here you can copy individuals now it will provide you a lot of choices and you can utilize the system to actually look for somebody that you fancy in fact following so let’s see maybe we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everyone who has actually fulfilled that requirements and it does give you a threat element as well 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 individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you fine with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s quite 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 market she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Could You Make Money With Etoro.
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