Etoro Dave 2021

We get htis a lot on our site the answer to Etoro Dave….Concerns that i speak with new financiers what if you’re brand new to investing you simply don’t want to decide what you in fact want to invest and you want someone to do it for you there’s just a number of ways that that can occur the first of all you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 innovative you can do cfds which naturally cfds are ways of investing

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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply presume because i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that choice too so you really get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing genuine companies if you select to in this particular video we’re talking about how to copy other people’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 since that individual has stated they’ve made revenue 14 months in a row invest in these options due to the fact that you believe is the ideal 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 understanding what is copy trading what are copy portfolios it becomes 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 amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies 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 likewise cover is the fees involved really critical you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no fee websites then might not charge you for really buying and selling funds or etfs specific products specific 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 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 prior to you in fact begin investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with fees actually essential to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission costs are totally free however there are a couple of other costs the very first one is withdrawal charges so you can clearly put money in now if you remain in the uk we put our uk cash.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you sell 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 5 dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you may state all right that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are just among those options that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly 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 fee to remember the second fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s great that fits me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and 2 open market anybody this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee 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 say give me us dollars instead you have to pay their fees now the terrific aspect of though when you have actually converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their website will not definitely restrict you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread costs all right and i’m going to show you what i imply on now a spread charge as i’m going to show you

on is generally the difference that belongs to the financial investment platform in between the buy price and the list price okay it’s their premium on doing both those 2 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 really suggests 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 again so the current cost of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur it simply 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 costs it’s usually exceptionally small 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 bit cash now the last feat is called an

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over night cost now this is really essential if you’re really using cfds yourself as well an over night cost is when you’re not doing that buy offer transaction in the very same day all right there’s then an overnight fee charged or even 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 product and using time one utilize which indicates you’re really buying the specific asset rather than utilizing utilize anyway you will not get hit with these charges however these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the help section this isn’t the overnight costs details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some additional charges obviously depending upon what you are buying too this is on your own so keep that in mind but full charges are completely within their assistance information okay and we spoke about along with totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of in fact using these copy functions they do not have any additional fees on top of the regular fees that

are there now what you require to bear in mind though is these potentially handled by other people completely or often have produced portfolios you’ve got a real person doing the management you need to make certain you choose the individual that’s right for you similar to any kind of work this is your financial possessions so we definitely require to make certain it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple 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 methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but actually buy pretend buy copy people whatever you like if you’re not

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feeling comfortable with using your genuine money perhaps this is a terrific choice for you once again to evaluate the theories okay 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 obviously you might have missed out on gains and losses throughout that time naturally if you had invested your real money it allows you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i all right with potentially losing a great amount of this financial investment or getting as

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well now keep in mind whatever is ups and downs you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that equally indicates they’ll lose eventually in their journey undoubtedly individuals do earn money also and i have actually got videos all about how you can make sure you’re one of individuals to in fact earn money but in this scenario ensure you research your danger level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that risky don’t choose someone who’s totally into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products

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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too really quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to really search for someone that you expensive really following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they have actually acquired at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has met that criteria and it does give you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly 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 somebody will make 56 for you for the next 12 months they might 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 understand ask you to validate are you okay with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact investing in 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 good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is good so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Etoro Dave.

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