We get htis a lot on our site the answer to Platin Status Etoro….Questions that i hear from new financiers what if you’re brand new to investing you just don’t wish 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 take place the first off you can work with an investment portfolio supervisor they’ll normally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are produced 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 an overall please bear in mind this platform is quite sophisticated 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 just presume due to the fact that i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative as well so you really get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re purchasing real business if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not just do something because that person has stated they’ve made revenue 14 months in a row buy these choices because you believe is the best ones for you which being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can actually say i want to do exactly what that trader is doing or match that specific portfolio of options and generally every time they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for instance 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 fees included really important you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero cost websites then may not charge you for in fact buying and selling etfs or funds private products private stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing 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 charges with in particular in this video the next would be things to understand before you really start buying copy trading or copy portfolios and finally some best guidance best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with costs truly essential to comprehend these now on there’s a number of fees there isn’t fees to do with actually buying and selling all right so commission costs are totally free nevertheless there are a number of other costs the very first one is withdrawal charges so you can undoubtedly put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your cash so you offer 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 five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state all right that’s quite costly 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 one of those options that they have a great deal of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every six months you know depends completely how you’re investing but that is a fee to bear in mind the second charge that i have actually touched upon is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s fine that suits 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 excellent with that we have what’s called the fx currency conversion charge now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is basic they have i suppose stuck to whatever cost they charge for that conversion rate you kind of have to accept you know if you want to use their platform go from uk to us then that conversion charge exists what are they in fact providing you in terms of 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 offer me us dollars instead you need to pay their fees now the excellent feature of though when you’ve converted your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the preliminary 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 great utilizing that part of their site won’t certainly restrict you in any way however we have to be aware of 2 other charges the first being what’s called spread costs fine and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is generally the distinction that becomes part of the investment platform in between the buy cost and the list 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 right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread costs is the difference then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind certainly 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 all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread out charges it’s generally extremely small it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit cash now the last accomplishment is called an
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over night cost now this is actually crucial if you’re actually utilizing cfds yourself also an overnight charge is when you’re not doing that buy sell deal in the very same day okay there’s then an overnight fee charged or even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which indicates you’re really buying the specific property instead of using take advantage of anyhow you won’t get hit with these charges however these fees are if you’re using utilize and cfds and after that 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 over night fees details you can see precisely the breakdown and it’ll inform 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 stated to cfds there are some surcharges obviously depending on what you are buying also this is on your own so keep that in mind but complete charges are entirely within their assistance information all right and we spoke about along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of in fact utilizing these copy functions they do not have any additional charges on top of the normal charges that
are there now what you require to remember though is these possibly managed by other people totally or in some cases have produced portfolios you’ve got a real person doing the management you have to make sure you choose the individual that’s right for you just like any profession this is your monetary assets so we definitely need to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve 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 money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your charge card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is an excellent alternative for you again to test the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it undoubtedly you might have missed out on gains and losses during that time of course if you had actually invested your real money it permits you to develop self-confidence comprehend the platform so that’s one alternative 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 select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat profile is now what do i indicate by that clearly 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 just implies am i fine with potentially losing a good amount of this investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money however that equally suggests they’ll lose at some time in their journey undoubtedly people do make money as well and i have actually got videos everything about how you can ensure you’re one of the people to in fact make money however in this situation ensure you research study your risk level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that dangerous do not pick somebody who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more standard 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 say you can really utilize this too actually quickly over here you can copy people now it will give you a great deal of options and you can utilize the system to really look for somebody that you expensive actually following so let’s see maybe we want somebody from united kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has fulfilled that requirements and it does offer you a danger aspect also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety 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 mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can actually 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 little bit so that’s great to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine in fact that i buy too which is excellent so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech companies that seems 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 understand pharmaceutical and production companies as that. Platin Status Etoro.
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