We get htis a lot on our site the answer to Etoro Money Begging….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to decide what you in fact want to invest and you desire someone to do it for you there’s just a number of manner ins which that can happen the first of all you can hire an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are developed 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 an overall please bear in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that option as well so you really 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 of course your capital is at threat this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at threat and we have to bear that in mind do not just do something since that person has said they’ve made earnings 14 months in a row invest in these options due to the fact that you think is the ideal ones for you which being stated let’s dive straight in [Music] so the 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 element that is most likely.
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famous for it’s the option to see what other traders are doing extraordinary 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 implies with our money we can really state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they buy they offer whatever they do your cash will be imitated with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved really important you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the no charge sites then might not charge you for really buying and selling etfs or funds individual products individual stocks.
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there’ll be costs on other parts maybe 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 charges with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with fees truly important to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling fine so commission costs are free however there are a couple of other fees the first one is withdrawal charges 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 wish to withdraw your money so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state all right 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 somewhere and withdrawal costs are simply among those options that they have a great deal of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends completely how you’re investing but that is a cost to remember the 2nd charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk and that’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 and even some crypto so i’m great 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 two open market anyone at all this is standard they have i suppose stuck with whatever cost they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they actually giving 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 rather you have to pay their charges now the terrific feature of however when you’ve transformed your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that implies 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 additional fees so that’s really good utilizing that part of their site will not certainly limit you in any way nevertheless we need to know 2 other fees the first being what’s called spread fees fine and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy cost and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that really suggests that when you want to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread fees is the difference then really 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 certainly it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it just 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 offer it and that is how they make a little bit of money on those spread charges it’s normally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last feat is called an
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over night charge now this is actually essential if you’re in fact using cfds yourself too an overnight fee is when you’re refraining from doing that buy sell transaction in the exact same day fine there’s then an over night cost charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which implies you’re actually purchasing the precise asset instead of utilizing take advantage of anyway you won’t get hit with these fees however these fees are if you’re using leverage 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 area this isn’t the over night fees details you can see exactly 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 which only uses as i said to cfds there are some service charges of course depending upon what you are buying too this is on your own so keep that in mind but complete fees are entirely within their assistance info alright and we discussed along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various ways of actually utilizing these copy functions they do not have any extra fees on top of the regular fees that
exist now what you need to remember though is these possibly handled by other people totally or often have actually developed portfolios you’ve got a genuine individual doing the management you have to make sure you select the person that’s right for you similar to any kind of work this is your financial assets so we definitely need 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 want to use this function we’ve got a couple of different choices for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine 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 require to put in your charge card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a terrific alternative for you again to test the theories alright you might want to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe have fun with it certainly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine money it permits you to develop self-confidence understand 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 select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i imply by that undoubtedly 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 simply means am i alright with potentially losing a great quantity of this financial investment or gaining as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 people will lose money but that equally suggests they’ll lose at some time in their journey certainly individuals do earn money also and i’ve got videos all about how you can ensure you’re one of individuals to actually generate income but in this scenario ensure you research your threat level would you be all right providing your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying fully if you’re someone who isn’t wishing to be that dangerous don’t pick somebody 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 perhaps oil plus more traditional 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 in fact utilize this too actually easily over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for somebody that you elegant actually 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 at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has satisfied that criteria and it does offer you a risk 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 quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not indicate 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 simple as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really purchasing 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 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 really that i invest in too which is great so in fact 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 appears to be what she prefers she’s also got a little bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Money Begging.
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