We get htis a lot on our site the answer to Etoro Profi Trader….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you actually want to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the to start with you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 as well now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume because i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual cash they give that alternative too so you in fact get utilized to the structure of the site and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so certainly your capital is at threat and we have to bear that in mind do not just do something because that person has actually said they have actually made profit 14 months in a row purchase these choices due to the fact that you think is the right ones for you which being said 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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well-known for it’s the choice to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can actually say i want to do exactly what that trader is doing or match that precise portfolio of choices and generally each time they make a trade they buy they sell whatever they do your cash will be mimicked 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 involved really crucial you comprehend what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then may not charge you for actually buying and selling funds or etfs individual products private 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 costs 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 actually begin investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s start with fees actually essential to understand these now on there’s a couple of fees there isn’t charges to do with actually buying and selling fine so commission fees are totally free nevertheless there are a number of other costs the very 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 on however when you wish to withdraw your money so you offer your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may state okay that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just among those alternatives that they have a great deal of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a charge to bear in mind the second fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not an option 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 even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and two free trade anybody this is basic they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually providing 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 rather you have to pay their fees now the excellent aspect of however when you have actually transformed your money 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 indicates the preliminary day that you purchase 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 really great using that part of their site will not definitely restrict you in any way nevertheless we have to be aware of 2 other costs the first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is basically the difference that is part of the investment platform in between the buy cost and the price all right 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 in fact implies that when you wish to offer 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 price of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly 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 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 and that is how they make a bit of cash on those spread fees it’s generally incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last accomplishment is called an
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over night cost now this is actually essential if you’re actually using cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the exact same day all right there’s then an over night fee charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which implies you’re really buying the specific property instead of using take advantage of anyhow you will not get hit with these costs but these fees are if you’re using leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s state if you go into the aid section this isn’t the overnight charges info 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 overnight or you’re doing over weekends which only applies as i said to cfds there are some added fees obviously depending on what you are buying too this is on your own so keep that in mind but complete costs are totally within their help details okay and we discussed in addition to free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different methods of really utilizing these copy works they don’t have any additional fees on top of the typical fees that
exist now what you need to keep in mind though is these possibly handled by other people entirely or in some cases have actually created portfolios you’ve got a genuine person doing the management you need to ensure you choose the individual that’s right for you just like any profession this is your financial assets so we definitely 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 want to utilize this function we have actually got a number of various options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can basically have this virtual portfolio mimic as if you are using your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a great alternative for you once again to test the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe play with it obviously you may have lost out on gains and losses during that time of course if you had invested your genuine money it allows you to develop 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 actually how to copy people and copy portfolios now here’s something to keep in mind prior to you choose someone 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 suggest by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be risk just means am i all right with possibly losing an excellent amount of this investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that similarly suggests they’ll lose eventually in their journey undoubtedly people do generate income also and i’ve got videos all about how you can make sure you’re one of the people to actually earn money but in this scenario make certain you research your risk level would you be alright giving your money to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that risky don’t pick somebody who’s entirely into crypto or currency conversion think about it you ‘d probably want a backbone of strong commodities
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like gold or perhaps 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 easily over here you can copy people now it will offer you a great deal of choices and you can utilize the system to actually search for somebody that you fancy in fact following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has actually met that criteria and it does offer you a danger aspect 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 people that have quite high returns
bear in mind 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 could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to validate are you alright with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually investing in so let’s enter 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 definitely like type of into those blue box and the tech market she’s got a few of mine actually that i buy too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s likewise got a bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Profi Trader.
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