We get htis a lot on our site the answer to Etoro Safe To Store….Questions that i speak with new financiers what if you’re brand new to investing you simply do not wish to decide what you really wish to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that maybe 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 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 a total please keep in mind this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative also so you actually get utilized to the structure of the website and after that when you’re ready to utilize your own cash 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 business if you select to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at risk and we have to bear that in mind do not just do something since that person has stated they have actually made profit 14 months in a row buy these options since you think is the ideal ones for you and that being said let’s dive straight in [Music] so the important 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 element that is probably.
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well-known for it’s the option to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of choices and basically each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that suggests if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the fees involved actually vital you comprehend what are the expenses of this now with any platform there will be some expense to certainly 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 charge sites then may not charge you for actually buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges 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 understand prior to you really start buying copy trading or copy portfolios and finally some best recommendations finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really essential to understand these now on there’s a couple of charges there isn’t costs to do with in fact buying and selling alright so commission fees are totally free nevertheless there are a couple of other costs the very first one is withdrawal charges so you can clearly put money 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 later but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re selling the minimum quantity 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 ensure that i’m only withdrawing when i definitely require to now you might state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a great deal of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every six months you understand depends totally how you’re investing however that is a charge to bear in mind the 2nd charge that i’ve discussed is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s fine 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 perhaps 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 2 open market anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they really 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 offer me us dollars instead you need to pay their fees now the excellent feature of however when you have actually converted your cash you do not have to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly great utilizing that part of their website won’t certainly restrict you in any way however we need to understand 2 other costs the first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is basically the difference that becomes part of the financial investment platform in between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that really means that when you want to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the existing rate of tesla is the worth 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 everywhere this is another way that they make a percentage of make money from you each time you do a buyer’s share so keep that in mind obviously it’s more costly 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 happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out fees it’s normally extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a little bit cash now the last accomplishment is called an
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overnight fee now this is actually essential if you’re in fact utilizing cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the same day fine there’s then an over night 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 in fact buying out the etf the stock the product and using time one take advantage of which indicates you’re really purchasing the exact asset instead of using take advantage of anyway you won’t get hit with these fees but these costs 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 offering in the very same day so let’s state if you go into the help area 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 over night or you’re doing over weekends which only applies as i said to cfds there are some service charges obviously depending on what you are purchasing also this is on your own so keep that in mind but complete fees are totally within their assistance information fine and we discussed along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact using these copy functions they do not have any additional fees on top of the normal charges that
are there now what you require to bear in mind though is these possibly handled by other individuals entirely or often have actually developed portfolios you have actually got a real individual doing the management you need to make sure you select the person that’s right for you just like any kind of work this is your monetary properties so we definitely need to make certain it’s the best individual 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 alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual methods 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 credit card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash maybe this is a terrific alternative for you again to check the theories fine you may want to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat profile is now what do i suggest by that certainly 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 run the risk of simply indicates am i fine with potentially losing an excellent amount of this investment or acquiring as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally means they’ll lose at some time in their journey clearly people do earn money also and i’ve got videos all about how you can make sure you’re one of individuals to really earn money however in this situation make certain you research your danger level would you be fine providing your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying 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 consider it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of options and you can use the system to actually look for someone that you expensive in fact following so let’s see perhaps we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everyone who has met that requirements and it does give you a threat aspect too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 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 then you know ask you to confirm 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 really deep dive into what is she in fact buying 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 understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i purchase too which is good so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Etoro Safe To Store.
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