We get htis a lot on our site the answer to Etoro Is Crypto….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to choose what you in fact want to invest and you desire somebody to do it for you there’s only a couple of ways that that can happen the first of all you can employ a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds specific 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 remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning about please do study the platform do not just presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option too so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing real companies 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 threat and we need to bear that in mind do not just do something since that person has actually said they have actually made revenue 14 months in a row invest in these choices because you think is the right ones for you which being stated 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 aspect that is most likely.
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well-known for it’s the alternative to see what other traders are doing unbelievable we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can really state i want to do exactly what that trader is doing or match that specific portfolio of alternatives and basically whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for instance 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 also cover is the charges included truly crucial you understand what are the costs of this now with any platform there will be some cost to clearly 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 no charge websites then may not charge you for in fact buying and selling etfs or funds private commodities specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing 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 actually start investing in copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with charges actually important to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission costs are free nevertheless there are a couple of other costs the first one is withdrawal fees so you can obviously put cash 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 in the future however when you wish to withdraw your money so you offer 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 five dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you might state all right that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those alternatives that they have a lot of platforms certainly are complimentary 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 once every 6 months you understand depends totally how you’re investing however that is a charge to bear in mind the second charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two free trade anyone at all this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge is there what are they in fact 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 say provide me us dollars instead you have to pay their costs now the excellent feature of though when you’ve transformed your cash you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually excellent using that part of their website will not definitely restrict you in any way nevertheless we have to know two other charges the first being what’s called spread charges alright and i’m going to reveal you what i mean on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the investment platform in between the buy cost and the list price all right 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 worth 599 per share in tesla that in fact indicates that when you wish to purchase or offer 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 costs is the difference then actually to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say okay 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 want to sell it which is how they make a little bit of cash on those spread out costs it’s typically incredibly 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 little bit money now the last task is called an
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overnight cost now this is really crucial if you’re actually using cfds yourself as well an over night charge is when you’re refraining from doing that buy sell deal in the same day alright there’s then an overnight charge charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which means you’re really purchasing the exact property instead of using take advantage of anyway you will not get hit with these costs but these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy selling in the same day so let’s state if you go into the assistance section this isn’t the overnight fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind however full fees are totally within their aid info alright and we spoke about in addition to complimentary to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever 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 really utilizing these copy works they do not have any additional fees on top of the normal costs that
exist now what you require to remember though is these potentially managed by other people entirely or in some cases have created portfolios you have actually got a real individual doing the management you need to make certain you select the individual that’s right for you similar to any type of work this is your financial properties so we definitely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is an excellent option for you again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it clearly you may have lost out on gains and losses throughout that time of course if you had actually invested your real money it allows 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 genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i suggest by that obviously 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 risk just implies am i fine with potentially losing an excellent amount of this financial investment or gaining as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that similarly indicates they’ll lose at some time in their journey certainly people do earn money too and i’ve got videos everything about how you can ensure you’re one of the people to really generate income however in this scenario make certain you research your danger level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s totally into crypto or currency conversion consider it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to in fact search for somebody that you elegant actually following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everybody who has satisfied that criteria and it does provide you a threat factor as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people 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 chance to ensure 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 validate are you okay with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine really that i purchase too which is great so actually for me knowing what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production business as that. Etoro Is Crypto.
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