We get htis a lot on our site the answer to Etoro Copy Trader Success….Questions that i hear from brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you actually want to invest and you want somebody to do it for you there’s only a number of ways that that can take place the first off you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are produced once again with an account manager 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 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 right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you actually get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something because that individual has said they have actually made profit 14 months in a row buy these choices due to the fact that you think is the ideal ones for you and that being stated let’s dive directly in [Music] so the important 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 choice to see what other traders are doing unbelievable we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can really say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be mimicked 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 also cover is the fees included actually critical you comprehend what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the absolutely no cost sites then may not charge you for in fact buying and selling etfs or funds private products specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 understand prior to you in fact begin purchasing copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with costs really crucial to understand these now on there’s a number of fees there isn’t charges to do with actually buying and selling okay so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal costs so you can obviously 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 want to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum quantity 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 ensure that i’m only withdrawing when i definitely require to now you might state fine that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just one of those choices that they have a great deal of platforms undoubtedly are free 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 6 months you understand depends entirely how you’re investing however that is a charge to remember the 2nd cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’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 perhaps 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 utilizing trading 2 and two open market anyone at all this is standard they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion charge is there what are they actually offering you in regards to 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 have to pay their costs now the great feature of though when you have actually converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s really excellent using that part of their site won’t certainly limit you in any way nevertheless we need to know two other costs the first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform between the buy cost and the price all right 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 in fact means that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current rate of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread out costs it’s generally extremely small 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 feat is called an
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overnight fee now this is really essential if you’re actually using cfds yourself also an overnight cost is when you’re not doing that buy offer deal in the same day fine there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which implies you’re really purchasing the precise property instead of utilizing take advantage of anyhow you will not get hit with these costs however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the overnight fees 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 over night or you’re doing over weekends which just uses as i said to cfds there are some service charges obviously depending on what you are purchasing also this is on your own so keep that in mind but complete fees are entirely within their aid information fine and we discussed as well as free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually using these copy functions they do not have any extra fees on top of the typical costs that
are there now what you need to keep in mind though is these potentially managed by other individuals entirely or in some cases have actually created portfolios you have actually got a genuine person doing the management you need to make sure you choose the person that’s right for you just like any line of work this is your financial properties so we absolutely require 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 have actually got a number of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways i think 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 mimic as if you are utilizing your own money however actually 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 fantastic choice for you once again to test the theories alright you may want to purchase tesla or apple or this etf why not use the virtual option as a method to type of safe play with it undoubtedly you might have lost out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to construct self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return 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 remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand 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 means am i all right with possibly losing a good amount of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly indicates they’ll lose eventually in their journey obviously people do earn money also and i’ve got videos everything about how you can ensure you are among the people to in fact make money but in this situation make certain you research your risk level would you be okay providing your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold and even 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 state you can in fact utilize this too truly quickly over here you can copy people now it will offer you a lot of choices and you can use the system to in fact look for somebody that you expensive in fact following so let’s see perhaps we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has met that requirements and it does offer you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
remember 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 4 or minus 50 there’s no chance 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 alright with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is excellent so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. Etoro Copy Trader Success.
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