We get htis a lot on our site the answer to Make Money With Etoro Copytrader….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not want to choose what you actually wish to invest and you desire someone to do it for you there’s just a number of ways that that can occur the to start with you can work with an investment portfolio manager they’ll normally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular funds are developed 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 also now if you’re brand new to an overall please bear in mind this platform is quite sophisticated 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 learning more about please do study the platform do not just assume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they consider that alternative as well so you really get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re purchasing real business if you choose to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something since that individual has actually said they have actually made profit 14 months in a row purchase these options since you think is the best ones for you and that being said let’s dive straight in [Music] The things we’re going to cover in this video is comprehending 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 option to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can in fact state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved really vital you understand what are the costs of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no fee sites then might not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges 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 prior to you in fact start purchasing copy trading or copy portfolios and finally some finest guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with charges truly important to comprehend these now on there’s a number of charges there isn’t costs to do with in fact buying and selling alright so commission charges are free however there are a couple of other costs the very first one is withdrawal fees so you can undoubtedly put money in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your money so you sell your shares you sell your products whatever you’re selling 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 need to now you might state alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just one of those options that they have a great deal of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends entirely how you’re investing however that is a fee to remember the 2nd charge that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i expect stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they actually 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 state offer me us dollars rather you have to pay their charges now the fantastic aspect of though when you have actually converted your cash you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really good using that part of their site won’t certainly restrict you in any way however we need to know two other charges the very first being what’s called spread costs fine and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is basically the distinction that becomes part of the investment platform between the buy price and the list price okay it’s their premium on doing both those 2 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 implies that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out costs it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit money now the last accomplishment is called an
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overnight charge now this is really essential if you’re in fact utilizing cfds yourself too an over night cost is when you’re not doing that buy sell deal in the same day okay there’s then an over night fee charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re actually buying the specific possession instead of utilizing utilize anyhow you won’t get hit with these fees but these charges are if you’re utilizing utilize and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the assistance area this isn’t the overnight fees details 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 and that just applies as i said to cfds there are some surcharges obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete fees are totally within their assistance details fine and we discussed 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 normal product stock shares whatever there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of really utilizing these copy operates they do not have any additional charges on top of the typical charges that
are there now what you need to remember though is these possibly handled by other people totally or in some cases have developed portfolios you’ve got a genuine person doing the management you need to make certain you pick the individual that’s right for you similar to any profession this is your financial assets so we definitely need to ensure it’s the ideal individual for us before 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 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 means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card details or anything you can basically have this virtual portfolio simulate as if you are using your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is an excellent option for you again to test the theories all right you may 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 certainly you may have lost out on gains and losses throughout that time naturally if you had invested your real cash it permits you to develop confidence comprehend 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 bear in mind before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i mean by that undoubtedly 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 simply means am i all right with potentially losing a great quantity of this financial investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 people will lose money but that equally implies they’ll lose at some point in their journey clearly people do earn money as well and i have actually got videos all about how you can ensure you are among individuals to actually earn money however in this situation make certain you research study your risk level would you be okay offering your money to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wanting to be that risky do not pick someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong products
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like gold or perhaps oil plus more standard 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 utilize this too really quickly over here you can copy people now it will give you a great deal of choices and you can utilize the system to in fact search for someone that you fancy in fact following so let’s see perhaps we want someone from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a good amount and i can find everyone who has actually satisfied that criteria and it does provide you a risk element as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not imply someone 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 basic as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine really that i invest in too which is excellent so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production business as that. Make Money With Etoro Copytrader.
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