We get htis a lot on our site the answer to Etoro In….Concerns that i hear from new investors what if you’re brand new to investing you just don’t wish to decide what you actually want to invest and you want somebody to do it for you there’s only a couple of manner ins which that can take place the first of all you can work with a financial investment portfolio supervisor they’ll generally 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 naturally you can purchase mutual funds specific 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 bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that option too so you really get utilized to the structure of the website 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 buying real business if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they have actually made earnings 14 months in a row purchase these choices because you think is the right ones for you and that being stated let’s dive straight 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 probably.
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famous for it’s the option to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can really state i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for instance 10 of their 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 costs involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for in fact buying and selling etfs or funds individual commodities specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees 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 understand before you actually begin buying copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s begin with charges really important to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission charges are free nevertheless there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you sell your shares you sell your commodities 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 understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just among those choices that they have a great deal of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends totally how you’re investing but that is a cost to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they really offering 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 give me us dollars rather you have to pay their costs now the great feature of though when you’ve converted your cash you do not need to invest it right now that dollar value can sit in your portfolio as money dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great utilizing that part of their site will not certainly restrict you in any way however we need to understand 2 other fees the very first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to show you
on is basically the distinction that is part of the financial investment platform between the buy cost and the sale price alright it’s their premium on doing both those two 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 implies that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then really to purchase 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 each time you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you state fine well why does that happen it just 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 want to offer it which is how they make a bit of money on those spread charges it’s generally incredibly 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 accomplishment is called an
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over night cost now this is truly crucial if you’re really using cfds yourself as well an over night fee is when you’re refraining from doing that buy offer transaction in the very same day fine there’s then an over night cost charged and even if you go from the friday to the monday prior to sailing a weekend cost 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 means you’re actually buying the specific asset instead of using utilize anyway you won’t get hit with these fees however these costs are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the assistance section this isn’t the overnight costs info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some surcharges naturally depending upon what you are purchasing too this is on your own so keep that in mind but full fees are entirely within their assistance info fine and we discussed as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they do not have any additional costs on top of the regular charges that
are there now what you require to remember though is these possibly managed by other people totally or in some cases have created portfolios you’ve got a genuine individual doing the management you need to ensure you choose the individual that’s right for you just like any type of work this is your financial assets so we definitely require to make certain it’s the best 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 various alternatives for us first off 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 means i think 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 essentially have this virtual portfolio mimic as if you are utilizing your own money but really buy 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 terrific choice for you again to test the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it certainly you might have missed out on gains and losses throughout that time naturally if you had actually invested your real money it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine 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 select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk 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 investments the riskier you can be risk simply means am i okay with potentially losing an excellent amount of this investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that similarly implies they’ll lose at some time in their journey clearly people do earn money too and i’ve got videos all about how you can make certain you are among individuals to in fact earn money but in this situation make sure you research study your risk level would you be fine providing your cash to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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like gold or 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 state you can really use this too truly easily over here you can copy people now it will give you a great deal of choices and you can utilize the system to actually look for somebody that you elegant in fact following so let’s see perhaps we desire someone from united kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has actually met that criteria and it does provide you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
keep 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 could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as basic 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 on this person for example ruby mza as an example you can really deep dive into what is she in fact investing in 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 definitely like type of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so actually for me knowing what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro In.
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