We get htis a lot on our site the answer to Etoro Luigi Domenico….Concerns that i hear from new financiers what if you’re brand new to investing you merely don’t wish to decide what you actually wish 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 off you can work with an investment portfolio supervisor they’ll generally charge a quite 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 particular funds are produced 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 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 finding out about please do study the platform don’t just assume due to the fact that i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they consider that alternative too so you really get used to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real companies if you select to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so obviously your capital is at threat and we have to bear that in mind do not just do something because that person has stated they have actually made profit 14 months in a row buy these choices due to the fact that you believe is the right ones for you and that 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 alternative to see what other traders are doing incredible we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can actually state i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates 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 charges involved actually vital you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no cost websites then might not charge you for in fact buying and selling etfs or funds specific commodities 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 charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs actually important to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling all right so commission fees are free however there are a couple 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 instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i definitely need to now you might say okay 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 somewhere and withdrawal costs are just among those choices that they have a lot of platforms obviously are totally free 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 entirely how you’re investing but that is a cost to keep in mind the second charge that i have actually discussed is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk which’s great that suits me.
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a great deal 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 use anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they in fact offering 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 state offer me us dollars rather you have to pay their fees now the terrific thing about however when you have actually transformed your money you do not need to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial 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 charges so that’s truly excellent utilizing that part of their website will not certainly restrict you in any way however we have to understand 2 other fees the very first being what’s called spread charges fine and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is generally the distinction that belongs to the financial investment platform between the buy cost and the list price okay it’s their premium on doing both those 2 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 in fact implies that when you wish to purchase or offer as you can see it’s not the price you’re seeing up here let me show you that once again so the current rate of tesla is the value of a share what’s called spread costs is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of benefit 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 sell so they’re going to offer you less back with your sale and you state all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread out charges it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit cash now the last accomplishment is called an
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over night fee now this is truly essential if you’re in fact utilizing cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer transaction in the exact same day alright there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one leverage which means you’re really buying the specific property rather than utilizing leverage anyhow you will not get hit with these fees but these fees are if you’re using take advantage of and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s say if you go into the help section this isn’t the over night charges information you can see exactly 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 uses as i said to cfds there are some surcharges of course depending upon what you are investing in as well this is on your own so keep that in mind but complete costs are completely within their help info fine and we discussed 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 regular commodity 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 two various methods of really utilizing these copy functions they don’t have any additional fees on top of the normal fees that
are there now what you need to remember though is these possibly handled by other individuals entirely or sometimes have actually created portfolios you’ve got a genuine person doing the management you need to ensure you choose the person that’s right for you similar to any profession this is your monetary assets so we absolutely require to make sure it’s the right person 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 alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a great choice for you again to evaluate the theories alright you might want to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it certainly you might have missed out on gains and losses throughout that time obviously if you had invested your genuine money it enables you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to keep in mind prior to 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 indicate by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i all right with potentially losing an excellent quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the fact 75 people will lose money however that similarly means they’ll lose at some time in their journey certainly individuals do generate income as well and i’ve got videos everything about how you can ensure you are among individuals to in fact earn money however in this situation ensure you research study your risk level would you be alright offering your money to another person which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that risky don’t select somebody who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong commodities
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like gold and even oil plus more traditional etfs and index funds you might not want 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 use this too really easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to in fact search for somebody that you fancy in fact following so let’s see possibly we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has fulfilled that requirements 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 obviously there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or forecasts 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 way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got some of mine really that i invest in too which is great so really for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business 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 understand pharmaceutical and production business as that. Etoro Luigi Domenico.
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