We get htis a lot on our site the answer to Etoro Copy Trader Forum….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t want to choose what you in fact wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first of all you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular 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 as well now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just assume because i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you in fact get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something because that person has stated they have actually made earnings 14 months in a row purchase these options since you think is the best ones for you and that being stated 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’s part of social trading which is one aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact say i want to do exactly what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they purchase they offer whatever they do your money will be simulated with it so that means if for example 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 included truly crucial you understand what are the costs of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge sites then might not charge you for in fact buying and selling etfs or funds private commodities individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges 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 investing in copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s start with costs truly crucial to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling alright so commission charges are free however there are a number of other fees the very first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk cash.
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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 cash so you offer your shares you sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say okay that’s quite 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 fees are just one of those alternatives that they have a lot of platforms certainly are totally 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 six months you know depends totally how you’re investing but that is a charge to remember the 2nd fee that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’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 even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you sort of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge exists what are they actually 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 give me us dollars instead you have to pay their charges now the fantastic thing about though when you’ve converted your cash you do not have to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s really great using that part of their website won’t certainly restrict you in any way however we have to be aware of two other fees the very first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is essentially the distinction that is part of the investment platform between the buy price and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that actually means that when you want to sell or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the present price of tesla is the worth of a share what’s called spread costs is the difference then really to buy 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 every time you do a buyer’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to provide 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 want to offer it and that is how they make a bit of cash on those spread charges it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a little bit cash now the last feat is called an
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overnight fee now this is really crucial if you’re really using cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the same day okay there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which indicates you’re in fact purchasing the exact asset instead of utilizing utilize anyway you will not get hit with these fees but these fees are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the assistance area this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some added fees of course depending upon what you are buying as well this is on your own so keep that in mind but full charges are entirely within their assistance details alright and we talked about along with free to deposit in but 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 five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really utilizing these copy works they do not have any additional costs on top of the normal charges that
exist now what you need to remember though is these potentially managed by other people entirely or in some cases have created portfolios you’ve got a genuine individual doing the management you have to make sure you select the person that’s right for you just like any line of work this is your monetary assets so we definitely require to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative 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 money that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great option for you again to check the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe play with it undoubtedly you may have missed out on gains and losses during that time of course if you had invested your genuine money it enables you to construct confidence understand the platform so that’s one option 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 bear in mind before you pick somebody 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 suggest by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i alright with potentially losing a great quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 people will lose money but that similarly indicates they’ll lose at some time in their journey obviously people do generate income too and i’ve got videos everything about how you can make sure you are among the people to in fact make money but in this scenario make sure you research study your threat level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that risky do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more traditional 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 actually utilize this too really quickly over here you can copy people now it will provide you a lot of options and you can utilize the system to actually search for someone that you expensive actually following so let’s see perhaps we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a great amount and i can find everybody who has actually fulfilled that criteria and it does provide you a threat aspect 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 rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not indicate somebody 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 basic as clicking the copy button and off you go and then you know ask you to verify are you all right 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 purchasing 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 good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is great so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Etoro Copy Trader Forum.
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