We get htis a lot on our site the answer to Is Etoro A Good Ida….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to decide 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 to start with you can work with a financial 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 obviously you can buy mutual funds particular funds are created once 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 as well now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are ways 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 because 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 cash they consider that alternative also so you actually get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing real companies if you select to in this specific video we’re talking about how to copy other individuals’s financial investments with your money so certainly your capital is at risk and we have to bear that in mind do not just do something since that person has stated they have actually made profit 14 months in a row invest in these choices since you believe is the best ones for you which being said 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 amazing we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really state i wish to do precisely what that trader is doing or match that exact portfolio of choices and essentially every time they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that implies if for instance 10 of their 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 costs included truly important you understand what are the costs of this now with any platform there will be some cost to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no cost websites then might not charge you for actually buying and selling funds or etfs specific commodities specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 actually start purchasing copy trading or copy portfolios and lastly some finest advice best 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 fees actually important to comprehend these now on there’s a number of costs there isn’t fees to do with in fact buying and selling all right so commission charges are free however there are a number of other fees the very first one is withdrawal charges so you can clearly put cash 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 however when you want to withdraw your money so you sell your shares you sell your commodities 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 understanding that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say alright that’s quite costly and i get that but 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 options that they have a lot of platforms undoubtedly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a fee to bear in mind the second cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s fine that fits me.
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a lot 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 anybody so if you’re utilizing trading 2 and 2 open market anybody this is standard they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really offering 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 provide me us dollars rather you have to pay their charges now the excellent thing about however when you have actually transformed your cash you do not have to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that implies the initial 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 extra costs so that’s really excellent using that part of their website won’t certainly restrict you in any way however we need to be aware of two other charges the first being what’s called spread fees fine and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is essentially the distinction 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 site right now tesla’s dollar worth 599 per share in tesla that really suggests that when you wish to purchase or sell as you can see it’s not the price you’re seeing up here let me reveal you that again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last accomplishment is called an
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overnight charge now this is truly important if you’re actually utilizing cfds yourself also an over night charge is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re really purchasing the exact property instead of utilizing take advantage of anyhow 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 fees if you’re not buy offering in the exact same day so let’s state if you go into the help area this isn’t the over night costs 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 and that just uses as i said to cfds there are some added fees naturally depending upon what you are investing in too this is on your own so keep that in mind but complete fees are completely within their assistance info fine and we spoke about along with complimentary 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 five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different methods of in fact utilizing these copy functions they do not have any additional charges on top of the typical costs that
exist now what you require to remember though is these possibly handled by other people totally or often have created portfolios you’ve got a genuine individual doing the management you have to make certain you select the person that’s right for you similar to any type of work this is your financial properties so we definitely need to make certain it’s the ideal individual 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 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 alternative to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a fantastic alternative for you again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe have fun with it clearly you might have missed out on gains and losses during that time of course if you had invested your real cash it enables you to build self-confidence understand the platform so that’s one choice 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 individuals and copy portfolios now here’s something to remember before you select 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 indicate by that obviously 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 indicates am i fine with possibly losing a great quantity of this investment or gaining as
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well now keep in mind whatever is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that similarly indicates they’ll lose eventually in their journey undoubtedly people do make money too and i’ve got videos everything about how you can make certain you are among the people to really make money however in this circumstance make sure you research study your danger level would you be fine giving your money to somebody else which is effectively 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 dangerous don’t select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold and even oil plus more conventional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact utilize this too truly easily over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to actually look for someone that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has satisfied that requirements and it does offer you a danger element as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you alright with this and off you go now another method 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 really 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 good to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Is Etoro A Good Ida.
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