We get htis a lot on our site the answer to Etoro Paid….Concerns that i speak with brand-new investors what if you’re brand new to investing you simply don’t wish to choose what you in fact want to invest and you want someone to do it for you there’s only a number of manner ins which that can happen the first of all you can work with a financial investment portfolio supervisor they’ll typically charge a rather 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 specific funds are developed 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 also now if you’re brand new to an overall please keep in mind this platform is rather advanced 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 simply presume due to the fact that i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you really get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying real companies if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your money so obviously your capital is at danger and we have to bear that in mind do not simply do something because that person has stated they’ve made earnings 14 months in a row invest in these choices since you think is the right ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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famous for it’s the option to see what other traders are doing amazing we don’t normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests if for example 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 likewise cover is the costs involved really crucial you understand what are the expenses of this now with any platform there will be some cost to clearly these are genuine business 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 absolutely no cost websites then might not charge you for in fact buying and selling funds or etfs individual commodities specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know before you really start purchasing copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s start with fees really important to comprehend these now on there’s a number of costs there isn’t charges to do with actually buying and selling fine so commission costs are complimentary nevertheless there are a number of other costs the first one is withdrawal charges so you can undoubtedly put cash in now if you remain in the uk we put our uk cash.
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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 wish to withdraw your money so you offer 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 5 dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you might state fine that’s quite costly 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 choices that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you know depends totally how you’re investing but that is a fee to bear in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not a choice to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and two free trade anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they really offering you in regards to 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 offer me us dollars rather you have to pay their charges now the excellent thing about though when you have actually converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that indicates the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent using that part of their website won’t definitely restrict you in any way however we have to understand 2 other costs the first being what’s called spread costs okay and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is basically the distinction that becomes part of the 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 worth 599 per share in tesla that really indicates that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing cost of tesla is the worth of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction 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 out costs it’s usually extremely little 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 cash now the last task is called an
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over night fee now this is actually essential if you’re really using cfds yourself as well an over night fee is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which indicates you’re in fact purchasing the specific property rather than using utilize anyhow you will not get hit with these costs but these fees are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the help area this isn’t the overnight charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some additional charges of course depending upon what you are buying also this is on your own so keep that in mind however complete charges are entirely within their assistance info fine and we talked about 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 everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of really using these copy operates they do not have any additional fees on top of the typical fees that
exist now what you require to bear in mind though is these potentially managed by other individuals entirely or often have developed portfolios you have actually got a genuine individual doing the management you need to make sure you choose the person that’s right for you similar to any kind of work this is your monetary properties so we absolutely need to make sure it’s the ideal person for us before 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 various choices for us first of all 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 think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is an excellent option for you again to check the theories okay you may want to purchase tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe have fun with it undoubtedly you may have lost out on gains and losses throughout that time naturally if you had invested your genuine cash it permits you to develop confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to bear in mind before you pick 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 obviously 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 fine with potentially losing a great amount of this financial investment or gaining as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose cash however that similarly indicates they’ll lose at some point in their journey clearly individuals do earn money also and i’ve got videos everything about how you can ensure you’re one of individuals to really make money however in this scenario make certain you research your risk level would you be alright providing your money to someone else which is successfully what you’re doing and trusting them make certain you understand what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky don’t pick somebody who’s completely into crypto or currency conversion think of it you ‘d most likely want a backbone of strong products
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like gold and even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really use this too truly quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to actually look for someone that you expensive really following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has satisfied that requirements and it does give you a risk element as well 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 rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to verify are you fine with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is great so actually for me knowing what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the type of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Paid.
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