We get htis a lot on our site the answer to Etoro Youtube Ad….Concerns that i speak with brand-new financiers what if you’re brand new to investing you merely don’t wish to choose what you in fact wish to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the to start with you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are created 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 too now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not just assume since i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that choice as well so you in fact get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re talking about how to copy other individuals’s investments with your cash so certainly your capital is at danger and we need to bear that in mind do not just do something since that person has actually said they have actually made revenue 14 months in a row purchase these choices since you think is the ideal ones for you which being stated let’s dive straight 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 aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of options and generally each time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that suggests 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 truly critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero fee websites then may not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges 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 charges with in particular in this video the next would be things to know before you in fact start purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s start with costs truly important to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling okay so commission charges are complimentary nevertheless there are a couple of other costs the very first one is withdrawal charges 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 automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m just withdrawing when i absolutely require to now you may state okay that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal costs are just among those alternatives that they have a great deal of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends completely how you’re investing but that is a charge to keep in mind the second charge that i’ve touched upon is that conversion fee now with you’re handling us dollars just 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 anyway or the etfs that i’m purchasing or even 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 2 and 2 free trade anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually 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 have to pay their fees now the fantastic aspect of however when you have actually converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good using that part of their website won’t definitely restrict you in any way however we have to understand 2 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 cost as i’m going to show you
on is generally the distinction that belongs to the financial investment platform in between the buy rate 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 website today tesla’s dollar worth 599 per share in tesla that really indicates that when you want to offer or buy as you can see it’s not the rate you’re seeing up here let me show you that again so the current price of tesla is the worth 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 make money from you whenever you do a buyer’s share so keep that in mind certainly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say all right well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out fees it’s typically exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit cash now the last task is called an
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overnight fee now this is actually important if you’re actually using cfds yourself as well an overnight fee is when you’re not doing that buy offer transaction in the very same day fine there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact buying the exact asset rather than utilizing leverage anyway you will not get hit with these fees however these costs are if you’re utilizing utilize and cfds and after that you’re going to have these charges if you’re not buy offering in the exact same day so let’s state if you enter into the assistance area this isn’t the over night costs 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 applies as i said to cfds there are some service charges naturally depending on what you are purchasing also this is on your own so keep that in mind however full costs are totally within their assistance details alright and we discussed as well as 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 whatever there’s that 5 dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of in fact using these copy functions they don’t have any additional costs on top of the typical costs that
are there now what you need to keep in mind though is these possibly handled by other individuals completely or in some cases have actually developed portfolios you’ve got a real individual doing the management you have to make sure you pick the person that’s right for you similar to any kind of work this is your monetary assets so we definitely require to make sure it’s the ideal individual 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 couple of different alternatives for us to start with 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 believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio simulate as if you are utilizing your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a fantastic alternative for you again to test the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it clearly you might have missed out on gains and losses throughout that time naturally if you had invested your genuine cash it enables you to develop confidence comprehend the platform so that’s one alternative 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 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 certain you understand what your threat profile is now what do i imply by that obviously 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 suggests am i okay with potentially losing a great quantity of this investment or acquiring as
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well now remember whatever is downs and ups you will earn money you’ll lose cash that’s why they make the fact 75 individuals will lose cash however that equally means they’ll lose eventually in their journey obviously people do make money as well and i’ve got videos all about how you can ensure you are among individuals to actually make money however in this situation ensure you research study your risk level would you be alright giving your money to somebody else which is efficiently what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too truly easily over here you can copy people now it will give you a great deal of choices and you can utilize the system to really search for someone that you expensive really following so let’s see maybe we desire somebody from united kingdom um who buys let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually fulfilled that criteria and it does provide you a threat element as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no 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 fine 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 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 little bit so that’s excellent to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is excellent so in fact for me knowing what i like to buy 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 chooses she’s also got a bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production companies as that. Etoro Youtube Ad.
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