We get htis a lot on our site the answer to Etoro Trader’s Insight….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you in fact wish to invest and you want somebody to do it for you there’s only a couple of ways that that can take place the to start with you can work with an investment portfolio manager they’ll typically charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created once 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 as well now if you’re brand new to a total please bear in mind this platform is quite sophisticated 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 discovering please do study the platform don’t simply assume because i utilize 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 alternative as well so you in fact get utilized to the structure of the site and then when you’re ready to use 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 choose to in this particular video we’re talking about how to copy other people’s financial investments with your money so certainly your capital is at threat and we have to bear that in mind do not just do something since that person has said they have actually made revenue 14 months in a row invest in these choices because you think is the right ones for you and that being said 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 aspect that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of choices and generally every time they make a trade they buy they offer whatever they do your money will be simulated with it so that indicates if for instance 10 of their 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 fees involved really important you understand what are the expenses of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the purchasing 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 in fact buying and selling etfs or funds individual products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees 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 know before you actually begin investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs actually important to comprehend these now on there’s a couple of costs there isn’t costs to do with actually buying and selling all right so commission charges are free however there are a couple of other charges the very first one is withdrawal fees so you can certainly put cash in now if you remain 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 later but when you want to withdraw your cash so you sell your shares you offer 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 obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely require to now you might say all right that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply one of those alternatives that they have a great deal of platforms obviously are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the second fee that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway 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 utilize anybody so if you’re utilizing trading 2 and two free trade anybody this is basic they have i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact giving 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 state offer me us dollars instead you need to pay their costs now the great aspect of however when you have actually converted your cash you do not have 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 preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s actually good utilizing that part of their site won’t certainly restrict you in any way nevertheless we have to understand 2 other fees the very first being what’s called spread costs alright and i’m going to reveal you what i imply on now a spread cost as i’m going to reveal you
on is generally the difference that belongs to the investment platform in between the buy price and the list price all right 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 worth 599 per share in tesla that actually suggests that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the present cost of tesla is the value of a share what’s called spread charges is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to give 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 difference between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread out fees it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last task is called an
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over night cost now this is really crucial if you’re in fact using cfds yourself as well an over night charge is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an over night fee charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which implies you’re in fact purchasing the precise property rather than utilizing take advantage of anyhow you won’t get hit with these fees however these costs are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance area this isn’t the overnight charges info you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some additional charges naturally depending upon what you are investing in too this is on your own so keep that in mind however full costs are completely within their aid information all right and we spoke about in addition to free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various ways of in fact using these copy operates they do not have any extra charges on top of the typical costs that
are there now what you require to remember though is these potentially handled by other people completely or often have actually produced portfolios you’ve got a genuine person doing the management you need to make sure you choose the individual that’s right for you just like any type of work this is your financial assets so we definitely require to make certain 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 various alternatives for us firstly 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 ways 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 require to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash perhaps this is a fantastic option for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it undoubtedly you may have missed out on gains and losses during that time naturally if you had invested your genuine money it allows you to develop self-confidence comprehend the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i indicate by that undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i fine with potentially losing a great quantity of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose money but that equally implies they’ll lose at some time in their journey obviously people do generate income as well and i’ve got videos all about how you can make sure you’re one of the people to actually generate income however in this situation ensure you research your threat level would you be all right giving your cash to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s entirely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities
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like gold or even oil plus more traditional 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 state you can really use this too actually quickly over here you can copy people now it will give you a lot of choices and you can utilize the system to actually look for someone that you expensive really following so let’s see perhaps we want someone from unified kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a good quantity and i can discover everybody who has actually met that criteria and it does provide you a risk aspect also 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 rather high returns
remember it’s like anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee 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 verify are you okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine really that i buy too which is good so really for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise 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 Trader’s Insight.
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