We get htis a lot on our site the answer to Etoro Automated Trading Bad Idea….Concerns that i speak with new investors what if you’re brand new to investing you just don’t want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the to start with you can work with an investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 remember this platform is quite innovative you can do cfds which of course cfds are ways 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 use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice too so you in fact get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has actually stated they have actually made earnings 14 months in a row purchase these options due to the fact that you think is the ideal ones for you which being stated let’s dive straight in [Music] The things we’re going to cover in this video is understanding 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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well-known for it’s the alternative to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really say i wish to do precisely what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their 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 fees included really important you comprehend what are the expenses of this now with any platform there will be some cost to clearly 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 a few of the zero cost websites then may not charge you for in fact buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs 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 before you actually begin investing in copy trading or copy portfolios and lastly some finest guidance best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s kick off with costs really crucial to understand these now on there’s a number of charges there isn’t charges to do with actually buying and selling all right so commission costs are complimentary nevertheless there are a number of other costs the very first one is withdrawal charges so you can certainly 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 however when you wish to withdraw your cash so you sell your shares you offer your commodities 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are simply among those choices 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 six months you know depends entirely how you’re investing but that is a charge to keep in mind the 2nd fee that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to purchase in euros or uk and that’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading 2 and two open market anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they actually 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 provide me us dollars instead you need to pay their fees now the terrific thing about though when you’ve transformed your cash you do not have to invest it immediately that dollar value can sit in your portfolio as money 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 occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great using that part of their site will not certainly restrict you in any way however we have to know two other fees the very first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform between the buy cost and the sale price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really suggests that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that again so the present price 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 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 certainly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that occur it just 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 which is how they make a little bit of money on those spread out charges it’s usually incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last feat is called an
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overnight cost now this is truly crucial if you’re in fact using cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really purchasing the exact possession instead of using utilize anyway you won’t get hit with these costs but these fees 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 same day so let’s say if you enter into the help area this isn’t the over night fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind but full fees are completely within their help details all right and we discussed as well as totally free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of actually utilizing these copy functions they don’t have any extra charges on top of the typical charges that
exist now what you need to bear in mind though is these possibly managed by other individuals completely or in some cases have actually produced portfolios you have actually got a genuine person doing the management you need to make certain you choose the person that’s right for you just like any type of work this is your financial properties so we absolutely require to make sure it’s the right person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of different 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 option to invest real money or a virtual platform virtual methods 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 utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent choice for you once again to evaluate the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it permits you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you choose someone 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 suggest by that obviously 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 suggests am i okay with potentially losing a good quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that similarly suggests they’ll lose at some time in their journey certainly individuals do generate income also and i’ve got videos all about how you can make certain you are among the people to actually make money but in this situation ensure you research your risk level would you be okay providing your cash to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to really search for someone that you fancy really following so let’s see possibly we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has met that criteria and it does provide you a risk element too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns
keep 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 could make 4 or minus 50 there’s no chance 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 alright with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s quite 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 kind of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is good so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Automated Trading Bad Idea.
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