We get htis a lot on our site the answer to Etoro Fees U….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply don’t want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a number of ways that that can happen the first off you can employ a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds specific funds are created 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 advanced you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t just assume since i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at danger and we need to bear that in mind do not simply do something because that person has said they’ve made earnings 14 months in a row buy these options since you think is the ideal ones for you and that being stated let’s dive directly 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 probably.
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famous for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they purchase they offer whatever they do your cash will be mimicked 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 money in so we’re going to likewise cover is the charges included really critical you comprehend what are the expenses 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 a few of the no cost sites then might not charge you for actually buying and selling funds or etfs private commodities individual stocks.
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there’ll be costs 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 before you actually start investing in copy trading or copy portfolios and lastly some finest suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges actually essential 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 free nevertheless there are a number of other charges the very first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s instantly 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 sell your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might say okay that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just one of those alternatives that they have a lot of platforms undoubtedly are complimentary 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 once every six months you know depends completely how you’re investing however that is a cost to remember the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s fine that matches 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 great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading two and two free trade anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you wish to use their platform go from uk to us then that conversion charge is there what are they really providing you in terms of 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 rather you need to pay their costs now the fantastic thing about though when you’ve converted your cash you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that implies the preliminary 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 actually excellent utilizing that part of their site won’t definitely limit you in any way nevertheless we have to be aware of two other costs the very first being what’s called spread costs okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the financial investment platform between the buy price and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact indicates that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current rate of tesla is the worth of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly 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 say fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a bit of cash on those spread fees it’s usually incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last task is called an
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overnight charge now this is actually crucial if you’re in fact using cfds yourself too an overnight fee is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an over night fee charged and even if you go from the friday to the monday before cruising a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re really purchasing the exact property instead of using take advantage of anyway you won’t get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the very same day so let’s state if you go into the aid area this isn’t the overnight fees information 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 service charges of course depending on what you are purchasing too this is on your own so keep that in mind however full charges are entirely within their aid details fine and we talked about in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they do not have any additional fees on top of the normal costs that
exist now what you require to remember though is these possibly managed by other individuals completely or often have actually produced portfolios you have actually got a genuine person doing the management you have to make sure you select the individual that’s right for you much like any line of work this is your financial assets so we definitely 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 want to use this function we’ve got a couple of different alternatives for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own money but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is an excellent alternative for you once again to check the theories okay you might wish to purchase tesla or apple or this etf why not use the virtual alternative 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 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 go back 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 keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i indicate by that undoubtedly 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 suggests am i all right with potentially losing a good quantity of this investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 individuals will lose money but that similarly implies they’ll lose eventually in their journey obviously individuals do make money too and i’ve got videos all about how you can make certain you’re one of individuals to actually generate income however in this scenario make sure you research your threat level would you be okay giving your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not want 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 use this too actually quickly over here you can copy people now it will give you a great deal of options and you can use the system to actually search for someone that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everyone who has satisfied that criteria and it does provide you a threat factor too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you alright with this and off you go now another method 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s also got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Fees U.
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