We get htis a lot on our site the answer to Etoro Âö•Èáë….Concerns that i hear from new financiers what if you’re brand new to investing you simply don’t want to decide what you really want to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the to start with you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 also now if you’re brand new to a total please bear in mind this platform is quite advanced you can do cfds which naturally 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 just assume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they give that alternative too so you really get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re investing in genuine companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that individual has stated they have actually made revenue 14 months in a row purchase these options because you think is the ideal ones for you which being said let’s dive directly in [Music] so 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 probably.
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famous for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can actually state i want to do precisely what that trader is doing or match that precise portfolio of options and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that suggests 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 also cover is the charges involved truly important you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then might not charge you for in fact buying and selling funds or etfs specific commodities 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 charges 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 before you actually begin investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with fees really crucial to comprehend these now on there’s a number of costs there isn’t costs to do with really buying and selling alright so commission fees are free nevertheless there are a couple of other fees the first one is withdrawal fees so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your cash so you offer your shares you sell your commodities 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 obviously understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those alternatives that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing but that is a charge to remember the 2nd cost that i’ve 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 or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have i expect stuck with whatever charge 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 charge is there what are they really providing 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 great thing about however when you’ve transformed your cash you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really great using that part of their site will not definitely restrict you in any way nevertheless we need to understand two other charges the first being what’s called spread charges okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the investment platform in between the buy cost and the sale price okay 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 worth 599 per share in tesla that really 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 once again so the existing cost of tesla is the value of a share what’s called spread charges is the difference 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 percentage of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy 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 great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread charges it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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over night fee now this is truly important if you’re really utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer transaction in the exact same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which indicates you’re in fact purchasing the specific asset rather than utilizing leverage anyway you won’t get hit with these fees however these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the assistance area this isn’t the overnight fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some service charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are entirely within their assistance info alright and we talked about in addition to complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually using these copy operates they don’t have any additional charges on top of the typical costs that
exist now what you require to keep in mind though is these potentially handled by other individuals completely or often have actually developed portfolios you have actually got a real person doing the management you need to make certain you choose the individual that’s right for you just like any profession this is your monetary possessions so we absolutely require to make sure it’s the right individual for us before we copy them so the first things i would call it if you do wish to utilize 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 alternative to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun 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 mimic as if you are using your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a fantastic option for you once again to evaluate the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a way to type of safe have fun with it clearly you might have lost out on gains and losses throughout that time of course if you had actually invested your real money it allows you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 bear in mind prior to you select somebody 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 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 simply means am i fine with potentially losing a good amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally means they’ll lose eventually in their journey undoubtedly people do earn money also and i’ve got videos all about how you can make sure you’re one of individuals to in fact make money however in this circumstance ensure you research your threat level would you be fine giving your cash to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky do not select somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really use this too actually easily over here you can copy individuals now it will provide you a lot of options and you can use the system to actually look for someone that you fancy really following so let’s see possibly we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has actually met that criteria and it does provide you a threat aspect 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
keep in mind it resembles anything to do with the news or predictions of the future this does not mean somebody 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 after that you understand ask you to confirm are you fine 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 in fact 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 excellent to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is great so in fact for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Âö•Èáë.
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