We get htis a lot on our site the answer to Etoro Social Trading Costs….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can happen the firstly you can hire an investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 remember this platform is rather advanced you can do cfds which naturally cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you in fact get utilized 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 obviously your capital is at danger this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re talking about how to copy other people’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 because that individual has actually stated they’ve made revenue 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being said let’s dive directly in [Music] The 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 aspect that is most likely.
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famous for it’s the option to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can in fact say i wish to do precisely what that trader is doing or match that exact portfolio of options and basically each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the fees included really important you comprehend what are the costs of this now with any platform there will be some cost to obviously 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 a few of the zero charge sites then might not charge you for actually buying and selling funds or etfs individual products specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 in fact begin purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with fees actually important to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling okay so commission fees are complimentary nevertheless there are a number of other charges the very first one is withdrawal fees so you can obviously put money in now if you’re 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 in the future but when you wish to withdraw your cash so you sell your shares you offer 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 of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may state alright that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are simply one of those alternatives that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you understand depends entirely how you’re investing but that is a fee to bear in mind the second charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and two open market anyone at all this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you wish to use their platform go from uk to us then that conversion cost is there what are they really 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 say offer me us dollars instead you need to pay their charges now the excellent thing about though when you’ve transformed your cash 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good using that part of their website won’t definitely limit you in any way however we have to understand 2 other fees the first being what’s called spread fees all right and i’m going to show you what i suggest on now a spread charge as i’m going to show you
on is essentially the difference that is part of the investment platform between the buy rate 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 website right now tesla’s dollar value 599 per share in tesla that in fact means that when you wish 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 existing price of tesla is the value of a share what’s called spread charges is the distinction then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a bit cash now the last task is called an
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over night fee now this is actually crucial if you’re actually using cfds yourself as well an over night cost is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night charge charged and even if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which means you’re actually purchasing the precise possession instead of using leverage anyhow you will not get hit with these costs however these charges are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you go into the aid area this isn’t the overnight costs information you can see exactly 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 and that only applies as i stated to cfds there are some additional charges obviously depending on what you are investing in also this is on your own so keep that in mind but full charges are entirely within their assistance info fine and we discussed in addition to free to deposit in however there’s a 5 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 charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of in fact using these copy works they don’t have any additional charges on top of the normal charges that
are there now what you require to bear in mind though is these potentially handled by other individuals totally or sometimes have actually created portfolios you’ve got a real individual doing the management you have to make certain you choose the person that’s right for you similar to any kind of work this is your monetary properties so we definitely need to make certain it’s the ideal person for us prior to we copy them so the first things i would call it if you do wish to use this function we have actually got a couple of different alternatives 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 real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio simulate as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is an excellent alternative for you once again to check the theories all right you might want to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it obviously you might have missed out on gains and losses during that time naturally if you had invested your genuine money it enables you to develop confidence understand 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 individuals and copy portfolios now here’s something to keep in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i mean 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 risk simply implies am i okay with potentially losing an excellent quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally implies they’ll lose eventually in their journey obviously people do generate income also and i have actually got videos everything about how you can make sure you are among individuals to really generate income however in this situation make certain you research study your threat level would you be fine providing your money to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that risky do not pick someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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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 say you can actually utilize this too really easily over here you can copy people now it will give you a great deal of options and you can use the system to in fact look for somebody that you expensive in fact following so let’s see maybe we desire someone from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everybody who has actually satisfied that requirements and it does give you a danger factor too so it tends to be the greater 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 resembles anything to do with the news or forecasts 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 chance 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 validate are you fine with this and off you go now another way to actually 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 investing in 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 good to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is good so actually for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Etoro Social Trading Costs.
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