We get htis a lot on our site the answer to Opinions On Etoro….Questions that i hear from new investors what if you’re brand new to investing you simply don’t wish to choose what you really wish to invest and you want someone to do it for you there’s just a number of ways that that can take place the firstly you can hire an investment portfolio manager they’ll normally charge a rather a high premium to do that possibly a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are created 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 an overall please keep in mind this platform is rather advanced you can do cfds which obviously 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 simply assume since i utilize it that you can utilize it right now 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 after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other people’s financial investments with your cash so clearly your capital is at risk and we need to bear that in mind do not just do something because that individual has said they have actually made revenue 14 months in a row invest in these choices since you believe is the best ones for you which being stated 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 typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our money we can in fact say i want to do precisely what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your cash will be imitated with it so that indicates 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 likewise cover is the costs involved actually critical you understand what are the costs of this now with any platform there will be some cost to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no cost websites then might not charge you for actually buying and selling funds or etfs specific 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 reveal you the fees with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and lastly some finest recommendations best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs truly important to comprehend these now on there’s a couple of charges there isn’t costs to do with actually buying and selling alright so commission fees are 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 cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely require to now you might say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those choices 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 as soon as every 6 months you know depends completely how you’re investing however that is a cost to bear in mind the 2nd fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk which’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading two and two free trade anybody this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you wish to utilize their platform go from uk to us then that conversion charge 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 bargain with them you can’t go to the bank and say offer me us dollars instead you need to pay their charges now the great feature of however when you have actually transformed your money you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial 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 costs so that’s truly good using that part of their site will not definitely restrict you in any way however we have to understand 2 other costs the very first being what’s called spread charges 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 generally the distinction that is part of the investment platform in between the buy cost 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 today tesla’s dollar value 599 per share in tesla that actually indicates that when you want to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread fees is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that happen it simply 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 offer it and that is how they make a little bit of money on those spread out fees it’s usually incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last feat is called an
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over night fee now this is actually essential if you’re in fact using cfds yourself also an overnight cost is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight fee charged or perhaps if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which means you’re really purchasing the exact property instead of using utilize anyway you will not get hit with these costs but these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the help area this isn’t the overnight charges 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 overnight or you’re doing over weekends which only applies as i stated to cfds there are some additional charges obviously depending upon what you are purchasing also this is on your own so keep that in mind but full charges are entirely within their assistance information okay and we spoke about along with totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product 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 2 various ways of actually utilizing these copy functions they do not have any extra charges on top of the regular charges that
are there now what you need to remember though is these possibly managed by other people totally or sometimes have created portfolios you’ve got a real individual doing the management you need to ensure you choose the person that’s right for you just like any kind of work this is your financial possessions so we absolutely need to make certain 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 utilize this function we have actually got a couple of different choices for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is a fantastic option for you once again to test the theories fine you might want to buy tesla or apple or this etf why not utilize the virtual choice as a method to sort of safe have fun with it obviously you might have lost out on gains and losses throughout that time of course if you had invested your real money it allows you to develop self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i suggest by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just means am i alright with possibly losing a great amount of this financial investment or acquiring as
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well now remember everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly implies they’ll lose at some point in their journey undoubtedly individuals do earn money also and i’ve got videos all about how you can ensure you are among the people to actually generate income however in this situation make certain you research study your threat level would you be alright offering your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re purchasing completely if you’re somebody who isn’t wishing to be that risky don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too truly easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to in fact look for somebody that you expensive really following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everyone who has satisfied that requirements and it does give you a danger 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 variety of individuals that have quite high returns
bear in mind 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 other way to guarantee 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 confirm are you all right 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 really deep dive into what is she really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s absolutely 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 actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the type of main food business and you’ve got you know pharmaceutical and production business as that. Opinions On Etoro.
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