We get htis a lot on our site the answer to Etoro App Store….Concerns that i speak with new investors what if you’re brand new to investing you simply don’t wish to choose what you actually wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can happen the to start with you can hire a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 also now if you’re brand new to a total please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re discovering please do study the platform do not simply assume because 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 consider that choice too so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not just do something because that person has actually stated they have actually made earnings 14 months in a row buy these options since you think is the best ones for you and that 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 becomes part of social trading which is one element that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and basically every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that implies if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included really crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no fee websites then may not charge you for actually buying and selling funds or etfs specific products individual 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 kinds of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and lastly some best recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s begin with costs actually crucial to comprehend these now on there’s a number of charges there isn’t charges to do with really buying and selling all right so commission fees are totally free however there are a couple of other costs the very first one is withdrawal costs so you can obviously put money in now if you’re in the uk we put our uk cash.
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and it’s immediately 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 selling 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 ensure that i’m only withdrawing when i absolutely require to now you might state alright that’s rather expensive 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 one of those choices that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every six months you know depends entirely how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway 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 charge now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of need 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 in fact providing 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 offer me us dollars instead you need to pay their costs now the great aspect of though when you have actually transformed your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase 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 utilizing that part of their site won’t definitely restrict you in any way however we have to know 2 other charges the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is basically the difference that belongs to the investment platform between the buy cost and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present price of tesla is the value of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind clearly 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 state all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a bit of money on those spread out costs it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last accomplishment is called an
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over night cost now this is really essential if you’re in fact using cfds yourself as well an overnight charge is when you’re not doing that buy offer deal in the same day fine there’s then an overnight cost charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which implies you’re really buying the precise possession rather than using take advantage of anyhow you won’t get hit with these fees however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the help section this isn’t the over night charges details you can see precisely 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 which just applies as i said to cfds there are some service charges of course depending on what you are investing in as well this is on your own so keep that in mind but full charges are entirely within their aid info all right and we spoke about as well as 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 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of really using these copy operates they do not have any additional costs on top of the typical fees that
exist now what you need to bear in mind though is these possibly managed by other individuals totally or in some cases have actually developed portfolios you have actually got a real individual doing the management you have to ensure you select the person that’s right for you just like any profession this is your financial properties so we absolutely require to ensure it’s the right person for us before 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 first off if you’re brand new to investing i want to draw your attention to this within you have the alternative 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 money that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a great option for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to sort of safe have fun with it clearly you might have missed out on gains and losses during that time of course if you had actually invested your genuine cash it enables you to build self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i imply by that clearly 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 just implies am i okay with possibly losing a good quantity of this investment or gaining as
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well now remember whatever 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 similarly implies they’ll lose at some time in their journey clearly people do generate income also and i have actually got videos all about how you can make certain you are among the people to in fact earn money but in this circumstance make certain you research your risk level would you be fine giving your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy people now it will provide you a great deal of options and you can use the system to actually search for someone that you fancy really following so let’s see maybe we desire someone from united kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everyone who has met that criteria and it does give you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 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 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 really investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is excellent so in fact for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro App Store.
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