We get htis a lot on our site the answer to Etoro Spot….Concerns that i speak with new investors what if you’re brand new to investing you just do not want to choose what you actually wish to invest and you want somebody to do it for you there’s only a number of manner ins which that can occur the first off you can work with an investment portfolio supervisor they’ll normally charge a quite 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 purchase 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 also now if you’re brand new to an overall please remember this platform is quite advanced 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 do not simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that option too so you really get used 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 business if you select to in this particular video we’re speaking about how to copy other individuals’s investments with your money so clearly your capital is at risk and we need to bear that in mind do not simply do something because that individual has said they have actually made revenue 14 months in a row buy these options since you believe is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding 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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popular for it’s the alternative to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money will be imitated with it so that implies if for example 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 also cover is the charges involved actually 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 buying the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then might not charge you for actually buying and selling etfs or funds specific products individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and lastly some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your more advanced financier so let’s kick off with costs truly essential to understand these now on there’s a number of costs there isn’t costs to do with in fact buying and selling fine so commission costs are complimentary however there are a number of other fees the first one is withdrawal costs 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 immediately converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell 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 understanding that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may say alright that’s rather pricey and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing but that is a cost to keep in mind the 2nd fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk which’s fine 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 fee now when you use anyone so if you’re using trading 2 and two open market anybody this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge is there what are they actually offering 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 say give me us dollars instead you have to pay their charges now the excellent aspect of however when you’ve transformed your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you purchase or transform 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 really good utilizing that part of their website will not definitely restrict you in any way nevertheless we have to understand two other fees the very first being what’s called spread costs fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you
on is generally the difference that belongs to the investment platform between the buy price and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you whenever you do a buyer’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to provide you less back with your sale and you state fine well why does that occur it just 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 which is how they make a little bit of cash on those spread costs it’s usually exceptionally little 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 feat is called an
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overnight fee now this is truly crucial if you’re really utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy sell deal in the exact same day fine there’s then an overnight charge charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one utilize which indicates you’re actually buying the precise possession instead of utilizing take advantage of anyway you will not get hit with these fees but these fees are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you enter into the aid area this isn’t the over night fees details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some additional charges of course depending on what you are buying too this is on your own so keep that in mind but complete charges are totally within their aid information fine and we talked about as well as free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever 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 methods of really utilizing these copy functions they don’t have any extra charges on top of the typical fees that
are there now what you require to bear in mind though is these possibly managed by other people totally or in some cases have actually produced portfolios you’ve got a real individual doing the management you need to ensure you pick the person that’s right for you similar to any kind of work this is your financial possessions so we absolutely need to make sure it’s the right person for us prior to 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 different options for us to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a great alternative for you again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe play with it clearly you might have missed out on gains and losses during that time of course if you had invested your genuine money it allows you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand 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 investments the riskier you can be risk simply means am i alright with potentially losing a great quantity of this financial investment or acquiring as
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well now keep in mind everything is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally implies they’ll lose at some time in their journey certainly individuals do generate income as well and i have actually got videos all about how you can ensure you’re one of the people to actually earn money however in this situation make sure you research study your risk level would you be alright offering your money to another person which is efficiently what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wishing to be that risky do not pick somebody who’s completely 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 might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can really utilize this too actually easily over here you can copy individuals now it will provide you a great deal of choices and you can utilize the system to in fact search for somebody that you elegant really following so let’s see maybe we desire somebody from joined kingdom um who buys let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a great quantity and i can discover everybody who has fulfilled that requirements and it does provide you a danger factor as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to validate are you fine with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact investing in so let’s go 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 absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is excellent so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Etoro Spot.
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