We get htis a lot on our site the answer to Made A Fortune With Etoro….Questions that i speak with new investors what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you desire someone to do it for you there’s just a couple of ways that that can happen the first of all you can hire an investment portfolio supervisor 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 naturally you can purchase 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 as well now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which naturally cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning about please do study the platform do not simply assume since 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 choice as well so you really get utilized to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying real business if you select to in this particular 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 simply do something because that person has stated they’ve made revenue 14 months in a row buy these choices due to the fact that you believe is the ideal ones for you which being said let’s dive straight 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 most likely.
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popular for it’s the alternative to see what other traders are doing incredible we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your money will be imitated with it so that implies if for example 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 charges included actually important you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are real 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 fee websites then may not charge you for really buying and selling etfs or funds individual commodities individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 prior to you actually begin buying copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges really essential to understand these now on there’s a number of fees there isn’t costs to do with really buying and selling fine so commission costs are totally free nevertheless there are a couple of other costs the first one is withdrawal fees so you can undoubtedly put cash 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 later but when you wish to withdraw your money so you sell your shares you offer 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 make sure that i’m only withdrawing when i definitely need to now you might state alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just among those options that they have a great deal of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every 6 months you understand depends totally how you’re investing however that is a charge to remember the 2nd cost that i’ve discussed is that conversion cost now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re using trading 2 and 2 open market anybody this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost exists what are they really 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 state offer me us dollars instead you need to pay their costs now the terrific aspect of however when you have actually converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that implies 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 additional fees so that’s actually excellent utilizing that part of their website will not certainly limit you in any way nevertheless we need to know two other charges the first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is essentially the difference that becomes part of the investment platform between the buy rate and the price alright 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 actually implies 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 existing cost of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say all right well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread fees it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight charge now this is really crucial if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy sell deal in the same day all right there’s then an overnight charge charged and even if you go from the friday to the monday before sailing a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one take advantage of which suggests you’re really purchasing the specific asset instead of using take advantage of anyhow you won’t get hit with these costs however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the aid section this isn’t the over night fees info 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 applies as i said to cfds there are some additional charges obviously depending on what you are buying as well this is on your own so keep that in mind however complete charges are completely within their assistance information fine and we spoke about in addition to complimentary to deposit in but there’s a five dollar charge if you wish 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 said copy trading and copy portfolios are 2 different methods of actually using these copy operates they do not have any extra charges on top of the regular fees that
exist now what you need to remember though is these potentially managed by other people entirely or in some cases have produced portfolios you’ve got a real individual doing the management you need to ensure you pick the person that’s right for you just like any profession this is your financial possessions so we definitely need to ensure it’s the best individual for us before 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 different 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 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 money that you’re investing you will not need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money maybe this is a fantastic alternative for you once again to evaluate the theories alright you may want to purchase tesla or apple or this etf why not use the virtual option as a method to kind of safe play with it obviously you may 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 comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply by that obviously 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 implies am i alright with potentially losing an excellent quantity of this investment or getting 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 figure 75 individuals will lose cash but that similarly implies they’ll lose at some time in their journey obviously people do make money as well and i have actually got videos all about how you can make certain you are among the people to really earn money however in this scenario make sure you research your threat level would you be alright offering your money to another person which is successfully what you’re doing and trusting them ensure you understand what they’re buying totally if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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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 utilize this too truly quickly over here you can copy individuals now it will offer you a great deal of choices and you can utilize the system to actually look for someone that you expensive in fact following so let’s see possibly we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds a great amount and i can find everybody who has met that requirements and it does provide 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 individuals that have rather high returns
keep in mind it’s like anything to do with the news or forecasts of the future this does not imply 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 after that you understand ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually investing in 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 great to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the sort of main food business and you have actually got you understand pharmaceutical and production business as that. Made A Fortune With Etoro.
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