We get htis a lot on our site the answer to Day Traders In Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you simply don’t want to decide what you really wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the first of all you can work with an investment portfolio supervisor they’ll normally charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 a total please bear in mind this platform is quite advanced 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 do not simply presume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice as well so you in fact get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they have actually made profit 14 months in a row purchase these options due to the fact that you think is the right ones for you which being said let’s dive straight 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that implies if for example 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 also cover is the charges included truly vital you understand what are the expenses of this now with any platform there will be some expense 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 zero fee websites then may not charge you for in fact buying and selling etfs or funds specific products private stocks.
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there’ll be costs on other parts perhaps 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 reveal you the charges with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and finally some finest recommendations finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s begin with charges really essential to comprehend these now on there’s a couple of fees there isn’t fees to do with in fact buying and selling all right so commission fees are free however there are a number of other charges the very first one is withdrawal costs so you can certainly put cash in now if you remain 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 in the future however when you want to withdraw your cash so you offer your shares you sell your products whatever you’re offering 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 sure that i’m only withdrawing when i absolutely require 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 need to charge costs someplace and withdrawal fees are simply one of those alternatives that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends completely how you’re investing however that is a cost to bear in mind the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s great that fits 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 good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists 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 have to pay their fees now the terrific aspect of however when you’ve transformed your cash you do not need 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 buy 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 great utilizing that part of their website won’t certainly limit you in any way nevertheless we have to be aware of two other charges the very first being what’s called spread charges fine and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the difference that belongs to the financial investment platform between the buy rate 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 right now tesla’s dollar value 599 per share in tesla that in fact means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present rate of tesla is the value of a share what’s called spread charges is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that happen it simply 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 offer it which is how they make a little bit of money on those spread out costs it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit money now the last accomplishment is called an
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over night charge now this is actually important if you’re really using cfds yourself as well an overnight fee is when you’re not doing that buy offer deal in the very same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before cruising 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 indicates you’re really purchasing the precise asset instead of utilizing take advantage of anyway you won’t get hit with these fees however these fees are if you’re utilizing 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 assistance area this isn’t the overnight 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 applies as i stated to cfds there are some added fees of course depending on what you are buying too this is on your own so keep that in mind but complete fees are completely within their assistance information all right and we spoke about as well as 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 commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of actually using these copy works they do not have any additional charges on top of the normal fees that
exist now what you need to bear in mind though is these possibly managed by other people entirely or often have actually produced portfolios you’ve got a real individual doing the management you have to ensure you pick the individual that’s right for you much like any line of work this is your monetary assets so we absolutely require to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods 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 need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a fantastic alternative for you once again to evaluate the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it certainly you might have lost out on gains and losses during that time of course if you had invested your genuine cash it enables you to build self-confidence understand 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 really how to copy individuals 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 indicate 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 run the risk of simply means am i all right with potentially losing a great quantity of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly means they’ll lose at some time in their journey certainly people do make money as well and i’ve got videos all about how you can make certain you are among the people to really earn money however in this situation ensure you research your threat level would you be okay offering your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more conventional 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 say you can actually utilize this too truly quickly over here you can copy people now it will offer you a great deal of options and you can use the system to actually look for someone that you expensive actually following so let’s see perhaps we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has met that requirements and it does give you a threat aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
keep in mind 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 four 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 then you know ask you to confirm are you all right with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine in fact that i purchase 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 appears to be what she prefers she’s likewise got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Day Traders In Etoro.
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