We get htis a lot on our site the answer to Etoro Australia Asic….Concerns that i speak with brand-new investors what if you’re brand new to investing you merely do not want to decide what you in fact want 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 work with an investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your revenues 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 a total please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i utilize it that you can use it right now do some due diligence have a little experiment with it even invest with virtual cash they consider that option 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 risk this is investing we’re doing you’re investing in real companies if you select to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we need to bear that in mind do not just do something since that individual has stated they have actually made revenue 14 months in a row buy these choices due to the fact that you believe is the best ones for you which being stated 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 element that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can actually state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for instance 10 of their financial 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 involved actually critical you comprehend what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no charge websites then may not charge you for really buying and selling etfs or funds individual commodities individual 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 type of charges 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 before you really begin buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s kick off with costs really important to comprehend these now on there’s a number of costs there isn’t costs to do with actually buying and selling fine so commission costs are free however there are a couple of other costs the very first one is withdrawal charges so you can certainly put money 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 want 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 naturally knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say alright that’s rather 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 just one of those choices that they have a great deal of platforms clearly are free 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 once every 6 months you know depends totally how you’re investing however that is a fee to keep in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and 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 using trading 2 and two free trade anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they actually offering 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 say provide me us dollars instead you have to pay their charges now the fantastic feature of though when you have actually transformed your money you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good utilizing that part of their site won’t certainly limit you in any way however we have to understand two other charges the very first being what’s called spread costs fine and i’m going to reveal you what i suggest on now a spread charge as i’m going to show you
on is generally the distinction that is part of the investment platform between the buy price and the list price all right it’s their premium on doing both those two 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 actually implies that when you wish to offer or purchase 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 worth of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot 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 bit of money on those spread fees it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last feat is called an
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overnight cost now this is actually important if you’re really utilizing cfds yourself also an overnight fee is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which suggests you’re in fact purchasing the exact property rather than using utilize anyway you will not get hit with these charges but these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s say if you go into the help section this isn’t the over night fees details 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 overnight or you’re doing over weekends which only uses as i said to cfds there are some service charges obviously depending on what you are buying as well this is on your own so keep that in mind however full charges are completely within their aid details fine and we spoke about in addition to totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of in fact utilizing these copy works they do not have any additional fees on top of the regular charges that
exist now what you need to keep in mind though is these potentially managed by other individuals completely or sometimes have created portfolios you’ve got a genuine individual doing the management you have to ensure you choose the person that’s right for you just like any profession this is your monetary properties so we absolutely need to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of different options for us first off 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 methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is an excellent alternative for you once again to evaluate the theories okay you may want to buy tesla or apple or this etf why not use the virtual option as a method to type of safe play with it clearly you might have lost out on gains and losses throughout that time obviously if you had actually invested your real cash it permits you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk 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 means am i fine with possibly losing a great amount 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 cash 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 undoubtedly individuals do earn money too and i’ve got videos everything about how you can make certain you’re one of the people to actually earn money however in this circumstance ensure you research study your threat level would you be alright giving your money to another person which is effectively what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too really easily over here you can copy individuals now it will provide you a lot of options and you can use the system to actually search for somebody that you elegant actually following so let’s see maybe we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually fulfilled that criteria and it does offer you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
bear in mind it’s like 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 might make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually 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 understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is good so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the sort of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Etoro Australia Asic.
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