We get htis a lot on our site the answer to Etoro Best Copy Traders….Concerns that i hear from brand-new investors what if you’re brand new to investing you just do not want to decide what you actually want to invest and you desire someone to do it for you there’s just a number of manner ins which that can happen the first off you can hire a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are created once 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 an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t just 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 option too so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you choose to in this specific video we’re talking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we have 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 invest in these choices because you think is the best ones for you which being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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popular for it’s the alternative to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can really say i want to do precisely what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates if for instance 10 of their 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 actually crucial you comprehend what are the costs of this now with any platform there will be some expense to certainly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero fee websites then may not charge you for in fact buying and selling etfs or funds individual commodities individual 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 kinds of fees 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 understand prior to you actually begin buying copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with costs actually essential to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling fine so commission fees are free nevertheless there are a number of other costs the first one is withdrawal fees so you can undoubtedly put money in now if you remain 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 later but when you wish to withdraw your money so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may say alright that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are just one of those options that they have a great deal of platforms certainly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you know depends totally how you’re investing but that is a charge to keep in mind the 2nd charge that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and two free trade anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists 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 state offer me us dollars rather you need to pay their charges now the fantastic aspect of though when you have actually transformed your cash you do not have to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great using that part of their site will not certainly limit you in any way however we need to understand 2 other costs the first being what’s called spread charges all right and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform between the buy rate and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really indicates that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey 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 great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a bit of cash on those spread costs it’s normally 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 task is called an
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over night cost now this is actually essential if you’re in fact using cfds yourself also an overnight fee is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just 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 in fact buying the specific asset instead of using leverage anyway you won’t get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the assistance area this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some service charges of course depending on what you are purchasing as well this is on your own so keep that in mind however full costs are entirely within their aid info alright and we discussed in addition to complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of really using these copy operates they don’t have any extra costs on top of the normal costs that
exist now what you require to remember though is these potentially managed by other people totally or in some cases have produced portfolios you have actually got a real individual doing the management you have to ensure you pick the individual that’s right for you just like any line of work this is your financial assets so we definitely need to ensure it’s the best 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 couple of different alternatives 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 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 will not need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is an excellent alternative for you once again to evaluate the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it certainly you may have lost out on gains and losses during that time obviously if you had actually invested your real cash it enables you to construct confidence comprehend 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 in fact how to copy people 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 certain you understand what your danger profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just means am i fine with possibly losing a good quantity of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 people will lose money but that equally means they’ll lose at some point in their journey obviously individuals do generate income also and i have actually got videos all about how you can make certain you are among individuals to actually make money but in this situation ensure you research study your danger level would you be all right providing your cash to somebody else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re someone who isn’t wishing to be that risky don’t pick somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact use this too truly quickly over here you can copy people now it will offer you a lot of choices and you can utilize the system to in fact look for someone that you expensive really following so let’s see maybe we desire someone from united kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does provide you a danger element too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you okay with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s enter 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 absolutely like kind of into those blue box and the tech market she’s got a few of mine really that i purchase too which is excellent so really for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Best Copy Traders.
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