We get htis a lot on our site the answer to Etoro Forex Trading Fees….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you desire someone to do it for you there’s only a couple of manner ins which that can take place the first off you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally 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 an overall please remember this platform is quite 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 learning more about please do study the platform do not just presume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you in fact 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 danger this is investing we’re doing you’re buying real business if you choose to in this particular video we’re talking about how to copy other people’s financial investments with your money so obviously your capital is at risk and we need to bear that in mind do not just do something because that individual has actually stated they’ve made revenue 14 months in a row buy these choices because you think is the best ones for you and that being stated 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 probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they sell whatever they do your money will be simulated 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 money in so we’re going to likewise cover is the costs included really critical 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 buying the selling for you there’s going to be charges involved and even some of the absolutely no fee websites then may not charge you for in fact buying and selling funds or etfs specific products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs 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 begin purchasing copy trading or copy portfolios and lastly some best suggestions finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s begin with charges really important to comprehend these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling alright so commission costs are totally free nevertheless there are a number of other charges the first one is withdrawal fees so you can undoubtedly put money in now if you remain 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 offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 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 may say fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those options that they have a great deal of platforms obviously are totally 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 once every six months you know depends totally how you’re investing however that is a charge to keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice 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 buying and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two open market anybody this is basic they have i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge 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 provide me us dollars instead you have to pay their charges now the fantastic aspect of however when you’ve converted your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests 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 additional fees so that’s truly good using that part of their site won’t certainly limit you in any way however we need to be aware of two other fees the first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy cost and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really means that when you wish to purchase 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 price of tesla is the value of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you state fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out costs it’s generally exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit money now the last feat is called an
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over night charge now this is actually essential if you’re really using cfds yourself as well an over night cost is when you’re refraining from doing that buy sell deal in the exact same day all right there’s then an overnight cost charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact buying the exact asset rather than using utilize anyway you will not get hit with these costs however these charges are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you enter into the aid area this isn’t the overnight fees information 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 over night or you’re doing over weekends which only applies as i stated to cfds there are some additional charges obviously depending on what you are buying as well this is on your own so keep that in mind however complete costs are completely within their assistance info fine and we spoke about as well as totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of in fact using these copy operates they don’t have any additional costs on top of the regular fees that
exist now what you need to bear in mind though is these possibly handled by other people entirely or often have actually created portfolios you have actually got a real person doing the management you have to make sure you pick the person that’s right for you similar to any line of work this is your monetary assets 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 have actually got a couple of various options for us to start with 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 simulate as if you are using your own cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money maybe this is a fantastic alternative for you again to check the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it clearly you might have missed out on gains and losses throughout that time of course if you had actually invested your real money it enables you to construct confidence comprehend the platform so that’s one choice 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 individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i mean by that certainly 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 implies am i all right with potentially losing a great quantity of this investment or getting as
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well now remember everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose money but that similarly suggests they’ll lose eventually in their journey obviously individuals do earn money too and i’ve got videos all about how you can ensure you are among individuals to really generate income however in this situation make certain you research your risk level would you be okay providing your cash to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really utilize this too actually quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to really look for somebody that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does give you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
bear in mind 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 might 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 understand ask you to verify are you okay with this and off you go now another way to in fact 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 buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine actually that i purchase too which is excellent so in fact for me understanding what i like to invest in my individual 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 likewise got a little bit more um of the kind of main food business and you’ve got you know pharmaceutical and production business as that. Etoro Forex Trading Fees.
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