We get htis a lot on our site the answer to Profichart Etoro….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just do not want to decide what you really wish to invest and you desire someone to do it for you there’s only a couple of ways that that can happen the first off you can employ a financial investment portfolio supervisor they’ll normally charge a rather a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are created 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 remember this platform is rather sophisticated you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not just assume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that option also so you in fact get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re buying real companies if you select to in this specific video we’re talking about how to copy other people’s investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something because that person has actually said they’ve made revenue 14 months in a row invest in these options since you think is the ideal ones for you and that being stated let’s dive directly in [Music] 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 element that is probably.
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famous for it’s the alternative to see what other traders are doing amazing we do not generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can actually say i want to do exactly what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved actually crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no cost sites then may not charge you for actually buying and selling funds or etfs specific commodities 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 costs 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 actually begin investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s start with charges truly essential to comprehend these now on there’s a number of charges there isn’t fees to do with in fact buying and selling alright so commission charges are complimentary nevertheless there are a number of other fees the first one is withdrawal costs so you can obviously 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 later however when you want to withdraw your money so you offer 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 5 dollars per withdrawal so for me of course understanding that i’m going to make sure that i’m only withdrawing when i absolutely require to now you might say alright that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal charges are simply among those alternatives that they have a lot 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 maybe even once a year once every 6 months you know depends totally how you’re investing however that is a fee to bear in mind the second cost that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk which’s fine that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of have to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they actually offering 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 say offer me us dollars rather you need to pay their costs now the excellent aspect of however when you have actually converted your cash you do not have to invest it right away that dollar value can sit 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 happens now with copy trading and copy portfolios there aren’t any extra fees so that’s actually good using that part of their website will not certainly limit you in any way however we need to understand 2 other fees the first being what’s called spread charges fine and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform in between the buy cost and the sale price fine 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 value 599 per share in tesla that in fact indicates that when you wish to buy or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present rate of tesla is the worth of a share what’s called spread costs is the difference then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you whenever you do a buyer’s share so keep that in mind clearly 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 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 wish to offer it and that is how they make a little bit of money on those spread costs it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last task is called an
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over night cost now this is actually crucial if you’re actually using cfds yourself also an over night charge is when you’re not doing that buy sell deal in the exact same day fine there’s then an overnight charge 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 product and using time one take advantage of which means you’re actually buying the exact possession instead of utilizing utilize anyway you will not get hit with these fees however these fees are if you’re using take advantage of 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 aid section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends and that just applies as i said to cfds there are some added fees of course depending on what you are buying too this is on your own so keep that in mind however full costs are totally within their aid information okay and we discussed in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different methods of actually using these copy operates they don’t have any additional charges on top of the normal costs that
exist now what you require to keep in mind though is these potentially managed by other people totally or in some cases have produced portfolios you’ve got a genuine person doing the management you have to make sure you pick the person that’s right for you just like any line of work this is your financial assets so we definitely require to make certain 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 various choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are using your own money however actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash possibly this is a fantastic alternative for you again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it certainly you may have missed out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to build confidence understand 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 actually how to copy people 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 ensure you comprehend 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 investments the riskier you can be risk simply indicates am i okay with potentially losing a great quantity of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose cash but that similarly means they’ll lose eventually in their journey undoubtedly people do earn money too and i have actually got videos everything about how you can make sure you are among individuals to in fact earn money but in this scenario make certain you research study your risk level would you be alright giving your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re somebody who isn’t wishing to be that risky do not pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more conventional 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 state you can actually utilize this too actually quickly over here you can copy people now it will give you a great deal of options and you can use the system to in fact search for someone that you expensive actually following so let’s see possibly we desire somebody from unified kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everyone who has actually fulfilled that criteria and it does give you a risk element also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of people that have quite high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 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 after that you understand ask you to confirm are you alright with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact purchasing so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got some of mine really that i invest in too which is good so actually for me knowing what i like to invest in 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 bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production companies as that. Profichart Etoro.
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