We get htis a lot on our site the answer to Etoro Advertisement Dave Game….Concerns that i hear from brand-new investors what if you’re brand new to investing you simply don’t wish to decide what you really wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can happen the to start with you can work with a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can purchase 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 also now if you’re brand new to an overall please bear in mind this platform is rather 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 about please do study the platform don’t just assume because i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that alternative too so you really get used to the structure of the website and after that when you’re ready to use your own money 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 buying real companies if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not just do something because that individual has said they’ve made profit 14 months in a row buy these options since you think is the ideal ones for you and that being stated 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing incredible we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i wish to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they offer whatever they do your money will be simulated 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 truly vital you comprehend what are the costs of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then may not charge you for actually buying and selling etfs or funds private commodities private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 know prior to you in fact begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges really crucial to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling fine so commission costs are complimentary however there are a number of other charges the very first one is withdrawal fees so you can undoubtedly put money 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 but 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 of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you might state all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply one of those alternatives that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you understand depends totally how you’re investing however that is a fee to keep in mind the second cost that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and 2 free trade anyone at all this is basic they have actually i expect stuck to whatever charge 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 charge exists what are they in fact offering 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 offer me us dollars instead you need to pay their costs now the excellent feature of however when you have actually transformed your cash you do not have to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good using that part of their site won’t certainly limit you in any way however we need to know 2 other costs the very first being what’s called spread charges okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is generally the distinction that belongs to the financial investment platform in between the buy cost and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really means that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the existing price 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 all over this is another way that they make a small amount of profit from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out charges it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last task is called an
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over night fee now this is really essential if you’re in fact utilizing cfds yourself as well an over night cost is when you’re not doing that buy offer transaction in the same day all right there’s then an over night charge charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re really purchasing the precise possession rather than using take advantage of anyway you will not get hit with these fees however these costs are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the assistance section this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just applies as i said to cfds there are some added fees obviously depending upon what you are investing in as well this is on your own so keep that in mind but full costs are completely within their help details all right and we spoke about in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of really utilizing these copy operates they do not have any additional fees on top of the typical fees that
are there now what you need to keep in mind though is these potentially managed by other individuals totally or often have created portfolios you’ve got a real person doing the management you have to ensure you choose the individual that’s right for you much like any type of work this is your monetary properties so we definitely need to ensure it’s the right person for us prior to 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 options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money maybe this is a terrific option for you once again to test the theories okay you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had actually invested your real cash it allows you to develop confidence comprehend the platform so that’s one choice 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 remember 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 threat profile is now what do i imply by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i fine with possibly losing a great quantity of this investment or acquiring as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that equally implies they’ll lose at some time in their journey undoubtedly people do make money too and i’ve got videos all about how you can make sure you are among the people to actually generate income however in this scenario ensure you research study your risk level would you be alright providing your cash to someone else which is successfully 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 do not choose someone who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even 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 state you can in fact use this too really easily over here you can copy people now it will give you a great deal of choices and you can utilize the system to in fact search for someone that you fancy really following so let’s see maybe we want somebody from united kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually fulfilled that criteria and it does offer you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
bear in mind it resembles 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 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you all right with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i purchase too which is great so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Advertisement Dave Game.
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