We get htis a lot on our site the answer to Is Etoro Only Cryptocurrency….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you really want to invest and you want someone to do it for you there’s just a couple of manner ins which that can take place the first of all you can hire a financial investment portfolio manager they’ll typically charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are produced 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 too now if you’re brand new to a total please bear in mind this platform is rather innovative 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 learning about please do study the platform do not just presume due to the fact that i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that alternative as well so you really get utilized to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing genuine companies if you select to in this particular video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something because that individual has stated they have actually made profit 14 months in a row buy these options since you believe is the ideal ones for you which being stated let’s dive directly 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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famous for it’s the choice to see what other traders are doing extraordinary we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can really state i want to do exactly what that trader is doing or match that precise portfolio of choices and essentially each time they make a trade they buy they sell whatever they do your money will be mimicked with it so that suggests if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the costs involved really vital you comprehend 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 buying the selling for you there’s going to be charges included and even some of the zero cost sites then might not charge you for in fact buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s begin with charges actually important to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling all right so commission charges are complimentary however there are a couple of other fees the first one is withdrawal fees so you can clearly put money in now if you remain in the uk we put our uk money.
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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 offer 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 of course knowing that i’m going to ensure that i’m only withdrawing when i absolutely need to now you might state all right that’s quite expensive and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those options that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing but that is a cost to keep in mind the second cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anyone so if you’re using trading two and two free trade anybody this is basic they have actually i suppose stuck with whatever fee they charge for that conversion rate you kind of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there what are they in fact giving 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 provide me us dollars rather you have to pay their costs now the fantastic thing about however when you have actually 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 preliminary day that you purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra fees so that’s truly good utilizing that part of their website will not certainly limit you in any way however we need to be aware of 2 other costs the first being what’s called spread charges all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is basically the difference that belongs to the investment platform between the buy price and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that in fact means that when you wish to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you wish to sell it which is how they make a little bit of money on those spread charges it’s typically exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a little bit cash now the last task is called an
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overnight cost now this is truly crucial if you’re actually using cfds yourself too an over night fee is when you’re not doing that buy offer transaction in the very same day alright there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one leverage which means you’re in fact purchasing the precise possession instead of utilizing utilize anyhow you won’t get hit with these costs but these fees are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you go into the aid area this isn’t the overnight 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges obviously depending on what you are purchasing as well this is on your own so keep that in mind however complete costs are entirely within their assistance information alright and we talked about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact using these copy functions they do not have any extra charges on top of the regular costs that
exist now what you need to keep in mind though is these possibly handled by other individuals completely or in some cases have created portfolios you’ve got a genuine individual doing the management you need to make sure you select the person that’s right for you just like any type of work this is your monetary assets so we definitely require to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a number of various choices for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash possibly this is a terrific option for you once again to evaluate the theories okay you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it clearly you may have lost out on gains and losses throughout that time of course if you had actually invested your genuine money it enables you to build confidence understand the platform so that’s one option for you then next week and i’m going to return to my real 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 before you choose 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 clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just means am i all right with possibly losing a good quantity of this financial investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 people will lose money however that equally suggests they’ll lose at some point in their journey clearly individuals do make money too and i have actually got videos everything about how you can make sure you’re one of individuals to in fact earn money however in this situation ensure you research your risk level would you be okay offering your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not select somebody who’s completely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may 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 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 in fact look for someone that you elegant in fact following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually 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 obviously there are a number of individuals that have rather high returns
bear in mind it’s like 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 might make 4 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 after that you understand ask you to confirm are you alright with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she actually purchasing 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 absolutely like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so in fact 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 appears to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production companies as that. Is Etoro Only Cryptocurrency.
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