We get htis a lot on our site the answer to Etoro For Long Term Investing….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 in fact wish to invest and you desire someone to do it for you there’s only a number of ways that that can occur the to start with you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy 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 too now if you’re brand new to an overall please keep in mind 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 full amount of capital so with anything that you’re discovering please do study the platform do not just assume due to the fact that 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 choice as well so you actually get used 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 naturally 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 individuals’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not just do something since that person has said they have actually made earnings 14 months in a row purchase these choices because you think is the ideal ones for you which being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing extraordinary we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can really state i wish to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they buy they offer whatever they do your cash will be simulated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included really important you understand what are the expenses of this now with any platform there will be some cost to certainly these are real 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 absolutely no cost sites then may not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand prior to you actually begin investing in copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges really essential to comprehend these now on there’s a couple of costs there isn’t costs to do with actually buying and selling fine so commission costs are free however there are a number of other costs the first one is withdrawal fees so you can undoubtedly put cash in now if you’re 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 in the future but when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i definitely require to now you might say alright that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal charges are simply among those choices that they have a great deal of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you understand depends completely how you’re investing however that is a fee to remember the 2nd fee that i’ve discussed is that conversion cost 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 lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and 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 using trading two and two open market anybody this is standard they have actually i expect stuck with whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there what are they really giving you in regards to 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 say offer me us dollars instead you need to pay their fees now the terrific feature of though when you have actually converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash 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 occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good using that part of their site will not certainly limit you in any way nevertheless we need to be aware of 2 other costs the very first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the investment platform in between the buy rate and the list price alright it’s their premium on doing both those two 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 indicates that when you wish to buy or sell as you can see it’s not the price you’re seeing up here let me show you that once again so the current price of tesla is the worth of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that occur 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 offer it and that is how they make a little bit of money on those spread fees it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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over night cost now this is really essential if you’re really utilizing cfds yourself too an over night cost is when you’re not doing that buy offer deal in the same day fine there’s then an over night cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which means you’re really buying the exact possession rather than utilizing leverage anyhow you won’t get hit with these fees but these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some added fees naturally depending on what you are investing in also this is on your own so keep that in mind however full charges are completely within their assistance details fine and we discussed as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical 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 two different ways of actually utilizing these copy operates they do not have any extra charges on top of the regular costs that
are there now what you require to keep in mind though is these potentially handled by other individuals entirely or sometimes have actually produced portfolios you have actually got a real person doing the management you need to make certain you pick the individual that’s right for you similar to any kind of work this is your monetary possessions so we definitely need to make certain it’s the right individual 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 number of different choices for us first of all if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means 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 require to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is an excellent choice for you again to test the theories okay you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it certainly you might have missed out on gains and losses during that time obviously if you had actually invested your real cash it enables you to build confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals 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 ensure you understand what your threat profile is now what do i suggest by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply indicates am i fine with possibly losing an excellent amount of this financial investment or gaining as
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well now remember whatever is ups and downs you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money however that equally suggests they’ll lose at some time in their journey undoubtedly people do earn money as well and i have actually got videos everything about how you can make sure you’re one of the people to really make money however in this circumstance make sure you research study your danger level would you be okay providing your cash to someone else which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that risky do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too actually easily over here you can copy people now it will give you a lot of choices and you can use the system to in fact search for someone that you fancy in fact following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has met that requirements and it does provide you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions 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 easy as clicking the copy button and off you go and then you understand ask you to confirm 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 really deep dive into what is she in fact purchasing 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 excellent to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro For Long Term Investing.
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