We get htis a lot on our site the answer to Etoro Pins….Questions that i speak with brand-new investors what if you’re brand new to investing you just do not wish to choose what you in fact want to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the firstly you can work with a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two 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 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 rather advanced you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume since i utilize it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you actually get utilized 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 of course your capital is at threat this is investing we’re doing you’re purchasing real companies if you select to in this particular video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not simply do something since that individual has actually stated they’ve made revenue 14 months in a row buy these choices due to the fact that you think is the best ones for you and that being said let’s dive straight 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 most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary 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 money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they offer whatever they do your money will be simulated with it so that means if for example 10 of their financial 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 included really critical you understand what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no cost sites then might not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to know before you in fact start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s begin with fees really crucial to understand these now on there’s a couple of charges there isn’t fees to do with actually buying and selling all right so commission charges are totally free however there are a couple of other costs the very first one is withdrawal charges so you can clearly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your money so you sell your shares you sell 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may say all right that’s rather 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 just among those options that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends totally how you’re investing but that is a charge to remember the second cost that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not a choice to buy in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and 2 open market anybody this is standard they have i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to use 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 bargain with them you can’t go to the bank and say provide me us dollars instead you need to pay their costs now the fantastic aspect of however when you have actually converted your money you do not need 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 initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s really great using that part of their site won’t certainly restrict you in any way nevertheless we need to be aware of 2 other charges the very first being what’s called spread costs alright and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is generally the difference that is part of the investment platform in between the buy rate and the price okay it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar worth 599 per share in tesla that really means that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out costs it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit cash now the last task is called an
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over night fee now this is truly crucial if you’re actually using cfds yourself as well an overnight cost is when you’re not doing that buy sell transaction in the same day fine there’s then an overnight charge 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 actually buying out the etf the stock the product and utilizing time one utilize which means you’re in fact purchasing the precise possession instead of utilizing take advantage of anyway you will not get hit with these costs however these fees are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s state if you go into the assistance section this isn’t the over night costs information you can see precisely 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 said to cfds there are some additional charges of course depending on what you are investing in also this is on your own so keep that in mind however complete fees are entirely within their help information okay and we spoke about in addition to complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of really utilizing these copy operates they do not have any extra charges on top of the regular costs that
exist now what you need to keep in mind though is these potentially handled by other people completely or in some cases have produced portfolios you’ve got a real person doing the management you need to make sure you pick the person that’s right for you just like any line of work this is your monetary possessions so we absolutely require 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 have actually got a number of different alternatives 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 have fun with and it’s not real money that you’re investing you won’t need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but actually 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 a fantastic choice for you once again to test the theories all right you might want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it certainly you may have lost out on gains and losses during that time obviously if you had actually invested your real money it permits you to build 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 in fact how to copy individuals and copy portfolios now here’s something to bear in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i fine with possibly losing a good amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that similarly implies they’ll lose eventually in their journey clearly people do earn money as well and i’ve got videos everything about how you can ensure you are among individuals to really generate income but in this situation make sure you research your threat level would you be all right providing your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re someone who isn’t wishing to be that dangerous do not pick someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more conventional 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 say you can actually utilize this too truly easily over here you can copy people now it will provide you a great deal of options and you can utilize the system to really look for someone that you expensive in fact following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has met that criteria and it does give you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure 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 okay with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s enter 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 certainly like sort of into those blue box and the tech market she’s got a few of mine really that i invest in too which is excellent 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 good spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Pins.
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