We get htis a lot on our site the answer to Etoro Chat Help….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you actually wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can happen the to start with you can work with a financial investment portfolio supervisor they’ll typically 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 obviously you can purchase mutual funds specific funds are produced 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 also now if you’re brand new to a total please bear in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform don’t just presume since 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 choice also so you actually get utilized to the structure of the website and after that when you’re ready to use your own money 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 purchasing real business if you choose to in this particular video we’re discussing how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that person has actually stated they’ve made profit 14 months in a row invest in these choices due to the fact that you think is the best ones for you and that 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 element that is probably.
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popular for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that suggests 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 also cover is the fees involved really important you understand what are the costs of this now with any platform there will be some expense to undoubtedly 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 charge websites then may not charge you for actually buying and selling etfs or funds private commodities individual stocks.
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there’ll be charges on other parts possibly 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 show you the fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with fees truly essential to understand these now on there’s a couple of fees there isn’t costs to do with actually buying and selling all right so commission charges are totally free nevertheless there are a couple of other costs the first one is withdrawal charges so you can clearly put money in now if you remain in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum amount 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 ensure that i’m just withdrawing when i absolutely require to now you may state all right that’s rather 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 fees are just one of 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 once every six months you know depends completely how you’re investing but that is a fee to keep in mind the 2nd charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading two and 2 free trade anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type of need to accept you understand if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact 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 give me us dollars instead you have to pay their fees now the terrific feature of though when you’ve transformed your cash you do not need to invest it right away that dollar value 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 takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great utilizing that part of their website won’t certainly restrict you in any way nevertheless we have to know two other fees the very first being what’s called spread fees alright and i’m going to show you what i mean on now a spread fee as i’m going to reveal you
on is basically the distinction that is part of the financial investment platform in between the buy price and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that actually indicates that when you wish to sell or purchase 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 actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to provide 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 distinction 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 out charges it’s typically exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit money now the last task is called an
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overnight fee now this is really crucial if you’re in fact using cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the same day okay there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which indicates you’re really buying the specific possession rather than using leverage anyway you won’t get hit with these charges however these charges are if you’re utilizing utilize and cfds and then 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 help area this isn’t the overnight charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some service charges naturally depending on what you are purchasing too this is on your own so keep that in mind however complete fees are totally within their assistance info fine and we talked about 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 regular product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of really using these copy operates they don’t have any additional fees on top of the typical costs that
exist now what you require to remember though is these potentially managed by other people totally or often have actually produced portfolios you have actually got a real person doing the management you need to make sure you choose the individual that’s right for you similar to any line of work 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 want to use this function we’ve got a number of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a terrific alternative for you again to check the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual option as a way to kind of safe play with it obviously you may have missed out on gains and losses during that time naturally if you had invested your genuine cash it allows 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 people and copy portfolios now here’s something to keep 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 threat profile is now what do i indicate by that undoubtedly 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 simply suggests am i fine with possibly losing a great amount of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey obviously people do earn money too and i’ve got videos all about how you can make sure you are among the people to actually make money but in this situation make certain you research study your risk level would you be okay offering your cash to another person which is successfully what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or perhaps oil plus more traditional 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 utilize this too truly quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to really look for somebody that you elegant actually following so let’s see perhaps we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has actually fulfilled that criteria and it does give you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 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 way to in fact deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is good so in fact for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the type of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Chat Help.
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