We get htis a lot on our site the answer to Etoro Closing Copy….Concerns that i hear from new investors what if you’re brand new to investing you merely do not want to decide what you in fact want to invest and you desire someone to do it for you there’s only a number of ways that that can happen the to start with you can employ an investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your profits 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 a total please remember this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not simply 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 as well so you really get utilized to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they’ve made earnings 14 months in a row buy these options because you think is the best ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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famous for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and generally every 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 financial 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 fees involved really vital you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge sites then might not charge you for actually buying and selling funds or etfs specific products private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you in fact begin purchasing copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with fees actually crucial to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling okay so commission fees are free nevertheless there are a number of other charges the first one is withdrawal fees so you can certainly put cash in now if you’re in the uk we put our uk money.
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and it’s immediately 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 sell your shares you offer 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 obviously knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you may say all right that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those options that they have a great deal of platforms obviously are complimentary 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 once every 6 months you know depends completely how you’re investing but that is a fee to remember the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway 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 anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists what are they really providing you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state offer me us dollars instead you need to pay their costs now the excellent thing about however when you have actually converted your cash you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary 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 really good using that part of their website will not certainly limit you in any way however we need to know two other charges the first being what’s called spread costs okay and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy cost and the list price okay 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 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 in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it which is how they make a little bit of money on those spread costs it’s generally exceptionally little 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 cash now the last feat is called an
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over night charge now this is really important if you’re in fact utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing 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 leverage which suggests you’re really buying the precise possession instead of using leverage anyway you won’t get hit with these fees however these costs are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the help area this isn’t the overnight charges 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 just uses as i said to cfds there are some surcharges obviously depending on what you are buying also this is on your own so keep that in mind however complete charges are totally within their aid information all right and we talked about along with complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of really using these copy works they do not have any additional costs on top of the typical charges that
exist now what you need to remember though is these potentially managed by other people totally or sometimes have actually developed portfolios you’ve got a genuine person doing the management you have to ensure you choose the individual that’s right for you similar to any profession this is your monetary assets so we absolutely need to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to use this function we have actually 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 genuine cash or a virtual platform virtual means 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 need to put in your charge card details or anything you can basically have this virtual portfolio mimic as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is a great option for you once again to check the theories fine you may 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 undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine money it permits you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my genuine 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 before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i mean 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 risk just implies am i all right with possibly losing an excellent amount of this investment or getting 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 fact 75 individuals will lose cash but that equally implies they’ll lose eventually in their journey obviously people do earn money too and i’ve got videos all about how you can ensure you’re one of the people to in fact earn money but in this situation make sure you research study your threat level would you be fine giving your money to someone else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy individuals now it will give you a lot of options and you can use the system to really search for somebody that you expensive in fact following so let’s see possibly we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has met that requirements and it does offer you a danger aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you alright 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 really buying 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 great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is great 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 also got a little bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Closing Copy.
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