We get htis a lot on our site the answer to Etoro Finanztip….Questions that i speak with brand-new investors what if you’re brand new to investing you merely don’t wish to decide what you really want to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the firstly you can hire an investment portfolio supervisor they’ll usually charge a rather 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 buy mutual funds particular funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t simply assume because i use it that you can utilize it right now 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 utilized to the structure of the website and after that when you’re ready to utilize 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 buying real companies if you pick to in this specific video we’re speaking about how to copy other individuals’s financial investments with your cash so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that person has stated they’ve made profit 14 months in a row purchase these choices since you believe is the ideal ones for you and that being said let’s dive directly 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 element 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 normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can actually say i want to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that implies if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges included really vital you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine 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 no charge websites then might not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 purchasing copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s kick off with fees really crucial to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling alright so commission charges are free however there are a number of other charges the first one is withdrawal costs so you can clearly 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 want to withdraw your money so you offer your shares you sell your products 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 understanding that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say fine that’s rather expensive and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those options that they have a great deal of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing however that is a charge to remember the second cost that i have actually touched upon is that conversion cost now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’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 even some crypto so i’m good 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 2 free trade anyone at all this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost is there what are they in fact 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 offer me us dollars instead you need to pay their charges now the terrific feature of however when you have actually converted your cash you do not need to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests 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 additional costs so that’s really great utilizing that part of their site will not certainly restrict you in any way however we have to know 2 other fees the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is basically the difference that becomes part of the financial investment platform between the buy cost 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 website right now tesla’s dollar worth 599 per share in tesla that really implies that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state alright well why does that occur 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 sell it and that is how they make a bit of cash on those spread out costs it’s usually exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last accomplishment is called an
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overnight charge now this is actually important if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy offer deal in the very same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which implies you’re actually buying the precise asset rather than using take advantage of anyway you won’t get hit with these fees however these fees are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you go into the help section this isn’t the over night fees 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 over night or you’re doing over weekends and that only applies as i said to cfds there are some additional charges naturally depending on what you are purchasing as well this is on your own so keep that in mind however full fees are entirely within their aid details all right and we talked about in addition to free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really utilizing these copy functions they do not have any extra fees on top of the regular costs that
are there now what you need to keep in mind though is these potentially handled by other people completely or often have actually produced portfolios you’ve got a genuine individual doing the management you have to make certain you select the individual that’s right for you similar to any kind of work this is your monetary possessions so we definitely require to ensure it’s the ideal 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 various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real 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 simulate as if you are using your own cash however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money possibly this is an excellent 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 option as a way to type of safe have fun with it undoubtedly you might have lost out on gains and losses during that time of course if you had actually invested your real money it enables you to build 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 individuals and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i imply by that clearly 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 simply implies am i alright with possibly losing a great quantity of this investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose eventually in their journey clearly people do make money also and i’ve got videos everything about how you can make sure you’re one of the people to actually earn money however in this circumstance ensure you research your threat level would you be all right providing your cash to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous do not pick someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually utilize 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 really look for someone that you fancy in fact following so let’s see perhaps we want someone from united kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has met that requirements and it does provide you a risk aspect too so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you okay with this and off you go now another method to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually 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 business that appears to be what she prefers she’s also got a little bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Finanztip.
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