We get htis a lot on our site the answer to Etoro App Rating….Questions that i speak with new financiers what if you’re brand new to investing you simply don’t want to decide what you actually want to invest and you desire someone to do it for you there’s just a number of manner ins which that can happen the first off you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe one or two percent of your profits will go to them the other thing is obviously you can buy mutual funds specific funds are developed 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 an overall please remember this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not simply presume since i utilize 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 give that choice as well so you really get used to the structure of the site 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 danger this is investing we’re doing you’re investing in real business if you select to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so certainly your capital is at threat and we have to bear that in mind do not simply do something since that individual has stated they have actually made earnings 14 months in a row purchase these choices due to the fact that you think is the right ones for you which being said let’s dive directly 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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popular for it’s the choice to see what other traders are doing incredible we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your money will be imitated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved actually 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 no fee websites then might not charge you for really buying and selling etfs or funds individual products specific stocks.
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there’ll be charges on other parts maybe 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 reveal you the fees with in particular in this video the next would be things to know prior to you in fact begin buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with fees truly essential to comprehend these now on there’s a couple of charges there isn’t fees to do with in fact buying and selling alright so commission costs are totally free however there are a number of other charges the first one is withdrawal fees so you can clearly put money 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 on however when you want to withdraw your money 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 five dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say fine that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are just among those choices that they have a great deal of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing however that is a cost to bear in mind the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i suppose stuck with 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 is there what are they really giving you in terms of 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 provide me us dollars instead you need to pay their fees now the fantastic feature of though when you’ve transformed your money 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 initial 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 additional costs so that’s really good utilizing that part of their site will not definitely limit you in any way however we need to be aware of 2 other charges the first being what’s called spread fees all right and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is generally the distinction that belongs to the investment platform in between the buy price and the 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 value 599 per share in tesla that really suggests that when you wish to purchase 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 cost of tesla is the value of a share what’s called spread costs is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a bit of money on those spread out costs it’s typically incredibly small 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 cash now the last feat is called an
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overnight fee now this is really important if you’re actually utilizing cfds yourself too an over night cost is when you’re not doing that buy offer transaction in the very same day all right there’s then an over night charge charged or even if you go from the friday to the monday prior to 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 indicates you’re in fact purchasing the specific asset rather than utilizing utilize anyway you won’t get hit with these charges but these charges are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you enter into the assistance section this isn’t the over night fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some added fees of course depending on what you are purchasing too this is on your own so keep that in mind however full fees are totally within their assistance info all right and we talked about as well as free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product 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 2 different ways of actually utilizing these copy works they do not have any additional fees on top of the typical charges that
are there now what you require to bear in mind though is these potentially managed by other people completely or in some cases have created portfolios you’ve got a real individual doing the management you need to make sure you choose the person that’s right for you just like any profession this is your financial assets so we absolutely need to make sure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of various choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash perhaps this is an excellent choice for you again to test the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it certainly you may have lost out on gains and losses during that time of course if you had invested your real cash it allows you to build self-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 in fact how to copy people and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply indicates am i alright with potentially losing an excellent amount of this financial 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 statistic 75 people will lose money however that equally means they’ll lose at some time in their journey clearly people do earn money also and i’ve got videos everything about how you can make certain you’re one of individuals to really earn money however in this circumstance ensure you research study your threat level would you be alright offering your money to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re someone who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might 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 in fact utilize this too actually easily over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to actually look for someone that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has actually satisfied that criteria 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 certainly there are a number of people that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to ensure 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 all right with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually investing in 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 definitely like sort of into those blue box and the tech industry she’s got some of mine really that i invest in too which is excellent so in fact for me understanding what i like to invest in my individual 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 likewise got a little bit more um of the type of main food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro App Rating.
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