We get htis a lot on our site the answer to Price Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you just do not want to decide what you in fact want 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 firstly you can employ a financial investment portfolio supervisor they’ll generally charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can purchase mutual funds specific funds are produced once 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 also now if you’re brand new to an overall please bear in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform do not just assume since i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that option too so you really get used to the structure of the website and after that 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 buying genuine business if you choose to in this particular video we’re talking about how to copy other individuals’s investments with your money so clearly your capital is at danger and we need to bear that in mind do not simply do something because that individual has actually said they have actually made profit 14 months in a row purchase these options because you believe is the ideal ones for you and that 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’s part of social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can really say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they purchase they offer whatever they do your cash will be imitated with it so that means 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 likewise cover is the fees involved truly crucial you understand what are the costs of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the zero charge websites then might not charge you for actually buying and selling etfs or funds individual products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 before you in fact begin investing in copy trading or copy portfolios and lastly some best 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 charges truly important to understand these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling fine so commission charges are complimentary nevertheless there are a number of other costs the very first one is withdrawal fees so you can certainly put cash in now if you’re 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 later however when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re selling 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 say okay that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply among those choices that they have a great deal of platforms certainly 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 when every 6 months you understand depends entirely how you’re investing however that is a charge to bear in mind the second fee that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and two open market anybody this is standard they have i expect stuck to whatever charge 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 charge exists what are they in fact 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 need to pay their costs now the excellent feature of though when you have actually transformed your money you do not need to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional charges so that’s actually great using that part of their website won’t certainly restrict you in any way however we have to understand two other costs the first being what’s called spread fees all right and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is essentially the distinction that belongs to the investment platform in between the buy cost and the sale 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 in fact indicates that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing rate of tesla is the worth of a share what’s called spread costs is the distinction then really to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you whenever you do a buyer’s share so keep that in mind obviously it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference in 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 charges it’s generally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last feat is called an
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overnight fee now this is really crucial if you’re really utilizing cfds yourself too an over night charge is when you’re refraining from doing that buy sell deal in the very same day alright there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one leverage which indicates you’re really purchasing the exact asset rather than utilizing take advantage of anyway you won’t get hit with these charges but 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 go into the aid section this isn’t the over night costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only applies as i stated to cfds there are some additional charges of course depending upon what you are investing in as well this is on your own so keep that in mind however complete charges are entirely within their assistance details okay 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 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 2 various ways of in fact utilizing these copy functions they don’t have any additional costs on top of the normal fees that
are there now what you require to keep in mind though is these potentially handled by other people totally or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you select the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely need to ensure it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of different alternatives for us first off 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 money that you’re investing you will not require to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine money maybe this is a fantastic choice for you again to test the theories fine you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it certainly you might have missed out on gains and losses throughout that time obviously if you had actually invested your real cash it allows you to construct self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i mean by that obviously 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 indicates am i okay with potentially losing an excellent quantity of this investment or gaining 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 cash but that similarly means they’ll lose at some point in their journey clearly people 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 circumstance make certain you research your threat level would you be okay offering your cash to another person which is effectively what you’re doing and trusting them make sure you understand what they’re buying totally if you’re someone who isn’t wanting to be that risky do not choose somebody who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more traditional 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 state you can really use this too truly easily over here you can copy individuals now it will offer you a great deal of options and you can utilize the system to really look for somebody that you fancy in fact following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everyone who has actually fulfilled that requirements and it does provide you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you all right with this and off you go now another method to really 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 go 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 understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so in fact for me knowing what i like to buy my private 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 bit more um of the type of primary food business and you have actually got you know pharmaceutical and production companies as that. Price Etoro.
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