We get htis a lot on our site the answer to Is Etoro Virtual 100000 Virtual Account….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply do not wish to decide what you really wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can take place the to start with you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 too now if you’re brand new to a total please bear in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume because i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they give that option too so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine business if you select to in this particular video we’re talking about how to copy other individuals’s investments with your cash so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something because that individual has stated they’ve made profit 14 months in a row purchase these options since you believe is the ideal 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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famous for it’s the alternative to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can really state i want to do precisely what that trader is doing or match that exact portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be mimicked with it so that means if for example 10 of their financial investment portfolio is 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 actually vital you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no charge sites then might not charge you for actually buying and selling funds or etfs individual products individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering 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 costs with in particular in this video the next would be things to understand prior to you really start investing in copy trading or copy portfolios and finally some finest advice finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s kick off with costs actually crucial to understand these now on there’s a couple of fees there isn’t fees to do with really buying and selling all right so commission costs are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can undoubtedly 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 but when you want to withdraw your money so you sell your shares you sell 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say alright 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 somewhere and withdrawal costs are just one of those options that they have a lot of platforms clearly 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 six months you know depends totally how you’re investing however that is a charge to bear in mind the 2nd fee that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyhow 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 fee now when you utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion fee 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 say give me us dollars instead you need to pay their costs now the terrific aspect of though when you’ve transformed your cash you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good using that part of their site won’t certainly limit you in any way nevertheless we have to understand two other costs the first being what’s called spread fees alright and i’m going to show you what i indicate on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform between the buy rate and the 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 in fact suggests that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that once again so the existing cost of tesla is the value of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll find this everywhere this is another way that they make a small amount of make money from you each time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to provide you less back with your sale and you state alright well why does that occur it just 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 sell it and that is how they make a little bit of cash on those spread fees it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last task is called an
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over night fee now this is truly essential if you’re in fact utilizing cfds yourself too an over night charge is when you’re not doing that buy offer deal in the same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which suggests you’re really purchasing the precise property rather than utilizing utilize anyhow you will not get hit with these fees however these charges are if you’re utilizing leverage 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 enter into the aid area this isn’t the over night charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends which only uses as i stated to cfds there are some service charges obviously depending on what you are purchasing too this is on your own so keep that in mind but full charges are entirely within their assistance information fine and we discussed along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various methods of actually using these copy works they do not have any extra fees on top of the typical charges that
are there now what you require to remember though is these potentially handled by other people completely or often have developed portfolios you’ve got a real person doing the management you have to make sure you select the person that’s right for you just like any kind of work this is your financial assets so we definitely require 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 utilize this function we’ve got a number of different alternatives for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is a fantastic choice for you again to check the theories fine you might want to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it obviously you may have missed out on gains and losses during that time obviously if you had actually invested your real money it allows you to construct 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 really how to copy people and copy portfolios now here’s something to keep in mind prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat 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 investments the riskier you can be risk simply implies am i okay with potentially losing an excellent amount of this financial investment or gaining as
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well now keep in mind everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally means they’ll lose eventually in their journey clearly individuals do earn money also and i have actually got videos everything about how you can make certain you’re one of the people to in fact earn money but in this scenario ensure you research study your threat level would you be okay providing your cash to another person which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that risky don’t choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too really quickly over here you can copy people now it will offer you a lot of options and you can use the system to in fact look for somebody that you expensive actually following so let’s see maybe we want someone from joined kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can discover everybody who has actually met that criteria and it does offer you a threat aspect 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 forecasts 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 other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to verify are you okay with this and off you go now another method to really deep dive if we click this person for example ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got a few of mine actually that i buy too which is great so in fact for me understanding what i like to purchase my specific 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 type of main food business and you have actually got you know pharmaceutical and production companies as that. Is Etoro Virtual 100000 Virtual Account.
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