We get htis a lot on our site the answer to Etoro Banks….Concerns that i hear from new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the first of all you can work with an 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 particular funds are produced 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 too now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume because i use it that you can use it right now 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 after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something since that person has stated they have actually made revenue 14 months in a row buy these options since you think is the right 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 becomes part of social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for example 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 charges included really important you understand 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 buying the selling for you there’s going to be charges involved and even a few of the no cost websites then may not charge you for really buying and selling etfs or funds individual commodities specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 prior to you actually begin buying copy trading or copy portfolios and finally some best recommendations best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with fees really crucial to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling fine so commission charges are free however there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell 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 five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges 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 maybe even once a year when every 6 months you know depends completely how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good 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 standard they have actually i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee is there what are they in fact providing you in regards to 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 give me us dollars instead you have to pay their costs now the great aspect of though when you’ve converted your cash you do not have to invest it right away that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary 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 additional charges so that’s actually good using that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of two other charges the very first being what’s called spread fees alright and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the distinction that belongs to the financial investment platform in between the buy cost and the price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually implies that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the present rate of tesla is the value of a share what’s called spread fees is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you say fine well why does that occur 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 which is how they make a little bit of cash on those spread out charges it’s typically incredibly small 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 actually crucial if you’re actually using cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer deal in the very same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which implies you’re in fact purchasing the precise possession instead of using utilize anyway you will not get hit with these fees however these fees are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s say if you enter 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 charges then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some surcharges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete fees are entirely within their assistance info alright and we spoke about along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of really using these copy operates they don’t have any additional charges on top of the typical costs that
exist now what you need to bear in mind though is these potentially handled by other people totally or sometimes have produced portfolios you have actually got a genuine individual doing the management you need to make sure you select the person that’s right for you much like any profession this is your financial properties so we definitely 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 wish to utilize this function we have actually got a number of various alternatives 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 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 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 but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is a fantastic choice for you again to test the theories all right you may want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it obviously you might have missed out on gains and losses throughout that time obviously if you had invested your real cash it allows you to construct 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 actually how to copy individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger 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 financial investments the riskier you can be run the risk of just implies am i fine with potentially losing a great quantity of this financial investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally means they’ll lose at some time in their journey undoubtedly people do earn money as well and i have actually got videos all about how you can ensure you’re one of the people to really generate income but in this circumstance ensure you research study your danger level would you be all right offering your money to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wishing to be that risky don’t pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you might not want 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 great deal of choices and you can utilize the system to really search for someone that you fancy actually following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually satisfied that requirements and it does give you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a number of people that have rather high returns
keep in mind it’s like 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 might make 4 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 then you understand ask you to verify are you fine with this and off you go now another way to really 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 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 good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech market she’s got some of mine really that i invest in too which is great so really for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she chooses she’s also got a little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. Etoro Banks.
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