We get htis a lot on our site the answer to Etoro Others Traders….Concerns that i speak with new investors what if you’re brand new to investing you simply do not wish to choose what you in fact wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can take place the first of all you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created 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 too now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform do not simply presume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option also so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously 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 discussing how to copy other individuals’s financial investments with your money so certainly your capital is at danger and we have to bear that in mind do not simply do something since that individual has said they’ve made profit 14 months in a row purchase these options because you think is the best ones for you and that being stated let’s dive directly in [Music] The things we’re going to cover in this video is comprehending 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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famous for it’s the choice to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of choices and generally whenever they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs included actually crucial you understand what are the expenses of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the zero cost sites then might not charge you for actually buying and selling etfs or funds individual commodities specific stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to know prior to you really start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges truly crucial to understand these now on there’s a number of fees there isn’t charges to do with in fact buying and selling okay so commission fees are free however there are a couple of other charges the first one is withdrawal charges so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money so you sell your shares you sell your products 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are just among those options that they have a lot of platforms certainly are totally free to do such things has this five 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 totally how you’re investing however that is a cost to remember the second charge that i’ve discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps 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 2 and 2 open market anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee exists what are they actually providing you in terms of 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 provide me us dollars instead you need to pay their costs now the fantastic feature of however when you have actually converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the initial 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 costs so that’s actually good utilizing that part of their site won’t definitely restrict you in any way however we have to be aware of 2 other costs the first being what’s called spread costs all right and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is essentially the difference that belongs to the financial investment platform in between the buy rate and the price fine 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 actually means that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the present price 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 manner in which they make a small amount of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to sell so they’re going to provide you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it and that is how they make a bit of money on those spread out charges it’s typically incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last accomplishment is called an
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over night cost now this is truly crucial if you’re in fact using cfds yourself also an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day alright there’s then an overnight cost charged or even 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 product and utilizing time one take advantage of which indicates you’re in fact purchasing the specific possession rather than using utilize anyway you won’t get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you go into the assistance section this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell 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 added fees naturally depending upon what you are buying too this is on your own so keep that in mind however full costs are entirely within their assistance info okay and we spoke about as well as complimentary to deposit in but there’s a 5 dollar charge if you wish 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 have actually said copy trading and copy portfolios are 2 various methods of actually using these copy works they do not have any extra costs on top of the regular charges that
exist now what you require to remember though is these possibly handled by other individuals totally or sometimes have actually developed portfolios you have actually got a real individual doing the management you have to ensure you pick the individual that’s right for you similar to any line of work this is your monetary possessions so we absolutely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of various alternatives 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 money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are utilizing your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a terrific option for you again to check the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to type of safe play with it certainly you may have lost out on gains and losses throughout that time of course if you had actually invested your genuine money it allows you to construct 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 people 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 risk profile is now what do i indicate by that clearly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply implies am i okay with possibly losing a great amount of this financial investment or gaining as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash however that equally implies they’ll lose at some time in their journey clearly people do generate income also and i have actually got videos all about how you can make sure you’re one of individuals to in fact earn money however in this scenario make sure you research your threat level would you be fine providing your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous don’t select somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more standard 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 actually utilize this too actually quickly over here you can copy people now it will offer you a great deal of options and you can use the system to actually search for someone that you fancy actually following so let’s see perhaps we desire someone from unified kingdom um who purchases let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually met that requirements and it does offer you a threat element also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they might 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 then 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 on this person for instance ruby mza as an example you can really deep dive into what is she really buying 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 excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine actually that i invest in too which is excellent so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Others Traders.
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