We get htis a lot on our site the answer to Etoro Champion….Concerns that i hear from new financiers what if you’re brand new to investing you just do not wish to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the to start with you can hire an investment portfolio supervisor they’ll normally charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are developed 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 a total please bear in mind this platform is rather sophisticated you can do cfds which naturally 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 simply assume due to the fact that i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option too so you actually get used 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 of course your capital is at risk this is investing we’re doing you’re buying genuine business if you select 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 threat and we have to bear that in mind do not simply do something since that individual has said they’ve made revenue 14 months in a row buy these choices due to the fact that you believe is the best ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can in fact state i want to do exactly what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your money will be simulated 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 cash in so we’re going to also cover is the charges included really critical you comprehend what are the expenses of this now with any platform there will be some expense 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 no fee websites then may not charge you for actually buying and selling etfs or funds individual commodities private stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs 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 start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with costs actually crucial to understand these now on there’s a number of costs there isn’t fees to do with in fact buying and selling all right so commission charges are totally free nevertheless there are a couple of other costs the very first one is withdrawal costs so you can obviously 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 wish to withdraw your cash so you offer 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 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may say all right that’s quite costly 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 lot of platforms certainly are free 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 when every six months you know depends completely how you’re investing however that is a cost to remember the second fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk which’s great that fits me.
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a great deal 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 cost now when you utilize anyone so if you’re utilizing trading two and two free trade anybody this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you type of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they actually giving 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 instead you need to pay their fees now the terrific feature of though when you’ve converted your money you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great using that part of their site will not certainly restrict you in any way nevertheless we have to know two other charges the very first being what’s called spread fees alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is generally the difference that is part of the financial investment platform in between the buy price and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that actually means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the current price of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say alright well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference 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 fees it’s generally exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last feat is called an
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over night fee now this is really crucial if you’re actually using cfds yourself also an over night charge is when you’re not doing that buy sell transaction in the exact same day fine there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really buying the exact property instead of using take advantage of anyway you will not get hit with these charges however these charges 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 offering in the exact same day so let’s state if you enter into the assistance area this isn’t the over night costs information you can see exactly the breakdown and it’ll tell 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 purchasing too this is on your own so keep that in mind however full costs are entirely within their aid information fine and we spoke about along with complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal 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 two various methods of really utilizing these copy works they do not have any additional costs on top of the regular costs that
exist now what you require to remember though is these potentially managed by other individuals entirely or sometimes have actually developed portfolios you’ve got a genuine individual doing the management you need to ensure you choose the individual that’s right for you much like any kind of work this is your financial properties so we definitely need to make certain it’s the ideal 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’ve got a number of different options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money perhaps this is a great choice for you once again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe have fun with it certainly you may have lost out on gains and losses throughout that time obviously if you had invested your real 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 return to my real portfolio here now we’re going to deep dive in fact how to copy individuals 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 threat profile is now what do i indicate 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 run the risk of just means am i fine with potentially losing a good amount of this investment or gaining as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally implies they’ll lose at some time in their journey undoubtedly individuals do make money also and i have actually got videos all about how you can make certain you are among the people to really make money however in this scenario make sure you research your danger level would you be okay offering your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy people now it will give you a great deal of options and you can utilize the system to really search for somebody that you elegant really following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually met that criteria and it does give you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of people that have quite high returns
keep in mind 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 might make four or minus 50 there’s no way 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 okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really investing in 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 good to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine actually that i purchase too which is good so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Champion.
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