We get htis a lot on our site the answer to Etoro New Fees….Questions that i speak with new investors what if you’re brand new to investing you merely don’t wish to choose what you actually wish to invest and you desire somebody to do it for you there’s only a couple of manner ins which that can occur the first off you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are produced once 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 a total please remember this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform don’t just presume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that alternative also 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 of course your capital is at threat this is investing we’re doing you’re buying real business if you pick to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something since that individual has stated they have actually made profit 14 months in a row invest in these options due to the fact that you think is the best ones for you which being stated let’s dive straight 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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famous for it’s the option to see what other traders are doing extraordinary we don’t typically 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 in fact state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they buy they offer whatever they do your money will be simulated 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 fees included 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 a few of the no fee sites then might not charge you for actually buying and selling etfs or funds specific commodities individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with costs actually essential to comprehend these now on there’s a number of fees there isn’t fees to do with in fact buying and selling all right so commission fees are complimentary however there are a couple of other fees the first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but 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 of course understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might state alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are just one of those options 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 as soon as every 6 months you know depends entirely how you’re investing however that is a charge to remember the second cost that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that suits me.
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a lot of my stocks are us dollar stocks anyway 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 2 open market anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually offering you in regards to 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 give me us dollars rather you have to pay their costs now the great feature of though when you have actually transformed your money you do not have to invest it immediately that dollar worth can being in your portfolio as cash 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 happens now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their website won’t definitely limit you in any way nevertheless we have to be aware of 2 other charges the very first being what’s called spread fees fine and i’m going to reveal you what i suggest on now a spread cost as i’m going to reveal you
on is generally the distinction that belongs to the investment platform in between the buy rate and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that really implies that when you want to buy or sell as you can see it’s not the cost 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 fees 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 make money from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you state alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a little bit of cash on those spread fees it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit cash now the last feat is called an
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overnight charge now this is truly essential if you’re actually utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer transaction in the exact same day okay 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 only applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which implies you’re really buying the precise asset instead of utilizing take advantage of anyhow you won’t get hit with these fees but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the aid section this isn’t the overnight fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some added fees naturally depending upon what you are buying also this is on your own so keep that in mind but complete fees are totally within their help details okay and we spoke about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of actually utilizing these copy functions they do not have any additional charges on top of the typical costs that
are there now what you need to keep in mind though is these possibly managed by other people completely or in some cases have developed portfolios you have actually got a genuine individual doing the management you need to make sure you pick the person that’s right for you similar to any kind of work this is your financial possessions 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 wish to use this function we have actually got a couple of various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a fantastic alternative for you again to check the theories fine you may want to buy tesla or apple or this etf why not use the virtual option as a way to kind of safe have fun with it obviously you may have missed out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to construct self-confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i fine with possibly losing a good amount of this investment or gaining as
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well now remember everything is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that equally indicates they’ll lose eventually in their journey clearly individuals do generate income too and i have actually got videos all about how you can ensure you’re one of individuals to really earn money however in this situation ensure you research your risk level would you be alright offering your money to somebody else which is efficiently what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s totally 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 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 really use this too truly easily over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually search for somebody that you fancy really following so let’s see maybe we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everyone who has satisfied that criteria and it does give you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to confirm are you alright with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she in fact 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 great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so actually for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro New Fees.
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