We get htis a lot on our site the answer to Etoro Openbook Rese√±A….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to decide what you in fact want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the first of all you can employ a financial investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular 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 also now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which of course cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t simply presume due to the fact that i use it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that alternative also so you in fact get used to the structure of the site and after that when you’re ready to utilize your own money 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 buying real business if you pick to in this specific video we’re speaking about how to copy other people’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something because that person has stated they’ve made revenue 14 months in a row invest in these options due to the fact that you think is the best ones for you and that 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 alternative to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our money we can actually say 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 buy they offer whatever they do your money will be mimicked with it so that suggests if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included truly crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 a few of the zero charge sites then may not charge you for actually buying and selling funds or etfs individual products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees 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 understand before you in fact start buying copy trading or copy portfolios and lastly some best suggestions best practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with fees really crucial to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission fees are free however there are a couple of other charges 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 automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you sell 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 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may say fine that’s quite 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 fees are just among those choices that they have a great deal of platforms certainly 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 six months you understand depends entirely how you’re investing but that is a charge to bear in mind the second cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’s great 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 utilizing trading 2 and two open market anybody this is standard they have i expect stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they in fact giving 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 state provide me us dollars rather you need to pay their costs now the terrific feature of however when you’ve converted your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests 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 extra charges so that’s truly good utilizing that part of their site won’t definitely restrict you in any way nevertheless we need to be aware of 2 other costs the very first being what’s called spread costs okay and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is essentially the distinction that becomes part of the investment platform in between the buy price and the 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 value 599 per share in tesla that really means that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the present cost of tesla is the worth of a share what’s called spread charges is the difference then really to buy 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 each time you do a buyer’s share so keep that in mind obviously it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you state all right well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread out fees it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit money now the last feat is called an
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over night cost now this is really important if you’re actually using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the exact same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which suggests you’re actually purchasing the exact asset instead of utilizing leverage anyhow you won’t get hit with these costs however these charges are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the help area this isn’t the over night charges details 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 over night or you’re doing over weekends which only uses as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind but complete charges are completely within their aid details alright and we spoke about 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 product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any additional charges on top of the typical charges that
are there now what you need to remember though is these potentially managed by other individuals completely or often have developed portfolios you have actually got a real person doing the management you need to make certain you choose the individual that’s right for you similar to any line of work this is your financial properties so we absolutely need to ensure 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 different 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 option to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are using your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is a great choice for you again to check the theories all right you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your real cash it allows you to build self-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 in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i imply by that obviously 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 risk just means am i alright with potentially losing a great quantity of this investment or getting as
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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 people will lose cash however that similarly indicates they’ll lose at some point in their journey undoubtedly people do earn money as well and i’ve got videos all about how you can make sure you’re one of the people to really make money however in this circumstance make certain you research study your risk level would you be okay offering your cash to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous do not select someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really utilize this too actually quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact look for somebody that you expensive really following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has satisfied that criteria and it does provide you a danger element too 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
bear in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another method to in fact 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 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 bit so that’s good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got some of mine really that i purchase too which is good so in fact for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the kind of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Openbook Rese√±A.
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