We get htis a lot on our site the answer to Etoro Googleplay Store….Concerns that i speak with new investors what if you’re brand new to investing you just don’t wish to choose what you in fact want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can employ a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 also now if you’re brand new to an overall please keep in mind this platform is quite advanced 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 discovering please do study the platform don’t simply assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that alternative also so you in fact get utilized to the structure of the website and then when you’re ready to utilize your own cash 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 genuine business if you select to in this specific video we’re talking about how to copy other people’s investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they have actually made revenue 14 months in a row purchase these options because you think is the right ones for you which being said 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 element that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that means 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 also cover is the costs involved truly critical you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero charge websites then might not charge you for in fact buying and selling funds or etfs private commodities private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s start with charges actually important to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling all right so commission costs are totally free nevertheless there are a number of other fees the very first one is withdrawal charges so you can obviously put cash in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say okay that’s rather expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just one of those choices that they have a lot of platforms undoubtedly are 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 as soon as every 6 months you know depends entirely how you’re investing however that is a charge to bear in mind the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyhow 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 charge now when you utilize anyone so if you’re using trading two and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they really offering 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 rather you have to pay their fees now the excellent thing about however when you have actually converted your cash you do not have to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly great utilizing that part of their website will not definitely restrict you in any way however we have to be aware of two other fees the very first being what’s called spread costs okay and i’m going to show you what i mean on now a spread cost as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact implies that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more pricey to purchase 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 distinction between if you’re buying it then you want to offer it and that is how they make a little bit of cash on those spread out fees it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit cash now the last task is called an
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overnight fee now this is actually crucial if you’re really utilizing cfds yourself too an over night fee is when you’re refraining from doing that buy offer deal 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 cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one utilize which means you’re actually purchasing the specific asset rather than utilizing utilize anyway you won’t get hit with these fees however these charges are if you’re using 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 enter into the assistance section this isn’t the overnight costs info 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 overnight or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges naturally depending on what you are buying also this is on your own so keep that in mind but full charges are completely within their aid information fine and we talked about as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they don’t have any extra costs on top of the typical charges that
are there now what you need to bear in mind though is these possibly handled by other people entirely or sometimes have produced portfolios you have actually got a real person doing the management you need to make sure you select the person that’s right for you much like any kind of work this is your financial properties so we definitely require to make certain it’s the right person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different choices 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 real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require 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 purchase 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 great alternative for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses during that time obviously if you had actually invested your real money it enables you to build self-confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i alright with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose cash but that equally means they’ll lose at some time in their journey obviously people do earn money as well and i have actually got videos all about how you can make sure you’re one of the people to in fact make money however in this circumstance make certain you research your threat level would you be all right giving your money to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re investing in fully if you’re someone who isn’t wanting to be that risky don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more standard 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 actually utilize this too really quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to in fact look for someone that you fancy actually following so let’s see possibly we desire someone from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great amount and i can discover everyone who has met that requirements and it does offer you a danger factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
bear in mind it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Googleplay Store.
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