We get htis a lot on our site the answer to Etoro Banned In Canada….Questions that i hear from brand-new investors what if you’re brand new to investing you merely don’t wish to choose what you actually want to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the first off you can work with an investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific 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 as well now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which naturally 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 do not just presume because i utilize it that you can utilize 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 then when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row buy these options because you believe 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 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 choice to see what other traders are doing incredible we do not usually 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 actually state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for instance 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 involved truly 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 included and even some of the absolutely no fee sites then may not charge you for actually buying and selling etfs or funds private commodities specific stocks.
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there’ll be costs on other parts possibly 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 show you the charges with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees really essential to comprehend these now on there’s a number of charges there isn’t fees to do with really buying and selling alright so commission costs are totally free however there are a number of other charges the first one is withdrawal costs so you can obviously put cash 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 however when you wish to withdraw your cash so you offer your shares you offer your products 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 obviously knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply among 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 perhaps even once a year as soon as every 6 months you know depends totally how you’re investing however that is a fee to keep in mind the second fee that i’ve discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you kind of need 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 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 offer me us dollars rather you have to pay their charges now the great feature of though when you’ve transformed your money you do not need to invest it right now 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 purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra charges so that’s truly excellent using that part of their site won’t certainly restrict you in any way nevertheless we have to know two other fees 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 show you
on is basically the difference that is part of the investment platform in between the buy rate and the list price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really means that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the worth 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 way that they make a percentage of make money 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 offer so they’re going to give you less back with your sale and you state fine well why does that occur 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 wish to offer it and that is how they make a little bit of money on those spread out costs it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last task is called an
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overnight charge now this is really essential if you’re in fact utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday prior to cruising 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 means you’re actually purchasing the precise asset rather than utilizing leverage anyhow you will not get hit with these charges however these fees are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you go into the assistance section this isn’t the overnight fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some added fees obviously depending upon what you are purchasing too this is on your own so keep that in mind however full charges are entirely within their assistance info alright and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of really using these copy operates they don’t have any extra charges on top of the normal fees that
are there now what you need to bear in mind though is these potentially managed by other individuals totally or often have actually produced portfolios you’ve got a genuine person doing the management you have to make certain you pick the individual that’s right for you similar to any line of work this is your financial assets so we absolutely need to make certain it’s the best person 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 couple of different 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 option to invest genuine money or a virtual platform virtual means i believe 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 essentially have this virtual portfolio imitate as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash maybe this is a fantastic option for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your genuine cash it permits you to construct self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose somebody 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 indicate by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i all right with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly implies they’ll lose at some point in their journey undoubtedly people do generate income as well and i’ve got videos everything about how you can ensure you are among individuals to really generate income however in this scenario make sure you research your risk level would you be okay giving your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re buying totally if you’re someone who isn’t wishing to be that dangerous do not select someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too truly quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact look for someone that you fancy actually following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has actually met that criteria and it does give you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you fine with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she in fact buying 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 kind of into those blue box and the tech market she’s got some of mine really that i buy too which is good so in fact for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Banned In Canada.
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