We get htis a lot on our site the answer to Etoro Copying Profits….Concerns that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a number of manner ins which that can happen the first of all you can employ a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that possibly a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 sophisticated you can do cfds which of course cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t just presume due to the fact that i use 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 give that choice too so you really get used to the structure of the website and then 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 speaking about how to copy other people’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually stated they have actually made revenue 14 months in a row invest in these options since you think is the ideal ones for you which being said let’s dive straight in [Music] The 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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well-known for it’s the option to see what other traders are doing incredible we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our money we can actually say i want to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that suggests if for instance 10 of their 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 costs involved really critical 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 purchasing the selling for you there’s going to be charges involved and even a few of the zero charge sites then might not charge you for actually buying and selling etfs or funds private commodities individual stocks.
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there’ll be costs on other parts maybe 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 really begin purchasing copy trading or copy portfolios and lastly some finest advice best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s begin with charges actually crucial to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling all right so commission charges are totally free however there are a couple of other fees the very first one is withdrawal fees so you can obviously put cash 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 in the future however when you want to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you might state alright that’s quite 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 fees are simply among those alternatives that they have a great deal of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the second fee that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow 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 2 and 2 free trade anybody this is basic they have i expect 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 bargain with them you can’t go to the bank and state give me us dollars instead you have to pay their fees now the excellent thing about however when you have actually converted your cash you do not have to invest it immediately that dollar worth 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 happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great utilizing that part of their website will not certainly restrict you in any way however we need to be aware of two other charges the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is essentially the distinction that becomes part of the investment platform in between the buy rate and the sale price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the present price of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread costs it’s typically extremely 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 little bit cash now the last accomplishment is called an
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over night charge now this is actually important if you’re really using cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the very same day fine there’s then an overnight cost charged or even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which indicates you’re really purchasing the precise property instead of utilizing take advantage of anyhow you will not get hit with these costs however these fees are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you go into the help area this isn’t the over night charges info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some service charges obviously depending upon what you are investing in too this is on your own so keep that in mind however full fees are entirely within their help details alright and we discussed in addition to totally free to deposit in but there’s a 5 dollar charge if you wish 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 said copy trading and copy portfolios are 2 different ways of really utilizing these copy works they do not have any extra costs on top of the typical charges that
are there now what you require to remember though is these potentially handled by other individuals totally or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to make sure you pick the person that’s right for you much like any profession this is your monetary assets so we absolutely require to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of various alternatives for us firstly 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 methods 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 credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is a great choice for you again to check the theories fine you might wish to buy tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it certainly you may have missed out on gains and losses throughout that time obviously if you had actually invested your genuine money it enables you to build confidence understand 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 in fact 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 make certain 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 indicates am i alright with possibly losing an excellent amount of this investment or getting as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose eventually in their journey obviously people do generate income as well and i’ve got videos everything about how you can ensure you are among individuals to really earn money but in this scenario make sure you research your threat level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying totally if you’re someone who isn’t wishing to be that dangerous do not select somebody who’s totally into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not want 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 use this too truly quickly over here you can copy people now it will provide you a lot of choices and you can utilize the system to really look for someone that you fancy really following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually satisfied that criteria and it does provide you a risk element too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
remember it resembles 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 could make four or minus 50 there’s no other 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 validate are you alright with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she actually buying 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 excellent to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is great so really for me knowing what i like to purchase 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 bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Copying Profits.
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