We get htis a lot on our site the answer to Fees Etoro Quora….Questions that i speak with new investors what if you’re brand new to investing you simply do not wish to choose what you actually wish to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the firstly you can hire an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are developed 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 an overall please remember this platform is quite sophisticated you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just presume because i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really get utilized to the structure of the website and then when you’re ready to utilize your own cash 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 genuine companies if you pick to in this specific video we’re talking about how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not just do something because that person has actually stated they’ve made revenue 14 months in a row buy these choices since you think is the right ones for you and that being stated let’s dive straight 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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popular for it’s the option to see what other traders are doing extraordinary we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our money we can really state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that implies if for instance 10 of their financial 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 included truly critical you understand what are the costs of this now with any platform there will be some expense to obviously these are real 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 cost websites then might not charge you for really buying and selling etfs or funds specific commodities individual 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 fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you in fact begin investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you start your journey or your advanced financier so let’s kick off with charges actually crucial to understand these now on there’s a number of charges there isn’t charges to do with really buying and selling all right so commission fees are complimentary however there are a couple of other charges the very first one is withdrawal charges 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 later on however when you wish 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 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i absolutely require to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal fees are just among 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 largely it can be maybe even once a year once every six months you understand depends totally how you’re investing but that is a fee to remember the 2nd fee that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re utilizing trading 2 and 2 open market anybody this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you type of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they in fact offering you in regards to 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 costs now the great thing about though when you’ve transformed your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that means the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good using that part of their site will not definitely restrict you in any way however we have to understand 2 other costs the first being what’s called spread costs alright and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is essentially the difference that belongs to the investment platform 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 website right now tesla’s dollar value 599 per share in tesla that really indicates that when you want to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money 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 sell so they’re going to give you less back with your sale and you say all right 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 fees it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last task is called an
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overnight fee now this is really crucial if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy offer deal in the very same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re in fact purchasing the specific property instead of utilizing utilize anyway you won’t get hit with these fees but these fees are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the assistance area this isn’t the overnight costs info you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some surcharges naturally depending upon what you are buying also this is on your own so keep that in mind but complete fees are totally within their aid information fine and we discussed as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various methods of actually utilizing these copy operates they do not have any additional costs on top of the regular charges that
are there now what you need to bear in mind though is these potentially managed by other people entirely or sometimes have actually created portfolios you’ve got a genuine individual doing the management you need to make certain you choose the individual that’s right for you just like any type of work this is your financial assets so we definitely need to ensure it’s the right 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’ve got a couple of different 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 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 charge card details or anything you can basically have this virtual portfolio mimic as if you are using your own cash but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money possibly this is a great option for you once again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to kind of safe play with it obviously you may have lost out on gains and losses throughout that time obviously if you had invested your real cash it permits you to construct confidence comprehend the platform so that’s one option 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 individuals and copy portfolios now here’s something to keep in mind prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i imply by that certainly 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 risk just indicates am i fine with potentially losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the figure 75 people will lose cash however that equally indicates they’ll lose at some time in their journey obviously individuals do make money as well and i have actually got videos all about how you can make certain you are among individuals to in fact generate income however in this scenario make sure you research study your danger level would you be okay giving your money to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re buying fully if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more conventional 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 in fact use this too actually easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to actually search for somebody that you elegant really following so let’s see maybe we want someone from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a great amount and i can find everyone who has satisfied that requirements and it does offer you a danger aspect too 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 people that have quite high returns
remember it’s like anything to do with the news or predictions 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 easy as clicking the copy button and off you go and after that you know ask you to confirm are you okay 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 really 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 little bit so that’s great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so in fact for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you have actually got you know pharmaceutical and production companies as that. Fees Etoro Quora.
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