We get htis a lot on our site the answer to Etoro Memes….Concerns that i hear from new financiers what if you’re brand new to investing you just do not wish to choose what you actually want to invest and you want somebody to do it for you there’s just a number of ways that that can occur the to start with you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that possibly one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds specific funds are created again with an account supervisor 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 innovative you can do cfds which of course cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just presume because i utilize 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 choice as well so you actually get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at danger and we need to bear that in mind do not simply do something since that person has actually stated they’ve made earnings 14 months in a row invest in these choices because you think is the best ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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popular for it’s the alternative to see what other traders are doing incredible 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 suggests with our cash we can really say i want to do exactly what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they purchase they sell whatever they do your cash will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees involved truly vital you comprehend what are the costs of this now with any platform there will be some expense to certainly 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 some of the no cost sites then may not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 know before you actually start purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s start with fees actually important to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling all right so commission fees are free nevertheless there are a number of other fees the very first one is withdrawal fees so you can obviously put money in now if you’re 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 on however when you want to withdraw your cash so you offer 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 make certain that i’m only withdrawing when i definitely need to now you may state all right that’s quite pricey 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 simply one of those alternatives that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every six months you know depends completely how you’re investing however that is a fee to remember the 2nd cost that i have actually touched upon is that conversion fee now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s fine that matches 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 fee now when you utilize anyone so if you’re using trading two and 2 open market anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact providing 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 provide me us dollars instead you have to pay their costs now the great aspect of though when you’ve converted your cash you do not have to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their website won’t definitely limit you in any way nevertheless we need to understand 2 other costs the very first being what’s called spread fees alright and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the financial investment platform between the buy price and the list price fine 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 suggests that when you wish to buy 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 existing cost of tesla is the worth of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state alright 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 cash on those spread charges it’s typically extremely little 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 bit money now the last feat is called an
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over night fee now this is actually crucial if you’re really utilizing cfds yourself as well an over night cost is when you’re not doing that buy sell transaction in the same day all right there’s then an overnight charge charged or perhaps if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which suggests you’re in fact buying the specific possession rather than utilizing take advantage of anyway you won’t get hit with these costs however these fees are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the help section this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some service charges naturally depending on what you are investing in too this is on your own so keep that in mind however full fees are entirely within their assistance info alright and we discussed in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually utilizing these copy works they don’t have any extra costs on top of the typical costs that
are there now what you need to remember though is these potentially managed by other individuals completely or often have actually produced portfolios you’ve got a genuine person doing the management you have to make certain you select the individual that’s right for you just like any line of work this is your monetary possessions so we definitely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different options 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 believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can basically have this virtual portfolio simulate as if you are using your own money however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is a fantastic option for you once again to test the theories all right you might want to buy tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it obviously you might have missed out on gains and losses during that time naturally if you had actually invested your genuine money it permits you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to remember before you pick someone 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 say the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i alright with potentially losing a good amount of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash but that similarly indicates they’ll lose at some point in their journey clearly people do generate income too and i’ve got videos all about how you can make sure you’re one of the people to really generate income however in this situation ensure you research study your risk level would you be alright offering your cash to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that risky don’t select someone who’s entirely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may 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 actually utilize this too actually quickly over here you can copy individuals now it will give you a lot of options and you can utilize the system to in fact search for somebody that you expensive in fact following so let’s see possibly we want somebody from joined kingdom um who buys 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 everybody who has fulfilled that criteria and it does provide you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly 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 indicate someone will make 56 for you for the next 12 months they could 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 know ask you to verify are you okay with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is great so really for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a bit more um of the type of main food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Memes.
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