We get htis a lot on our site the answer to Rules For Copied Traders Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not want to decide what you actually want to invest and you desire someone to do it for you there’s only a couple of ways that that can happen the to start with you can employ an investment portfolio manager they’ll normally charge a rather a high premium to do that possibly 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 as well now if you’re brand new to a total please remember this platform is quite sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t simply presume since i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative also so you actually get used 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 obviously your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not simply do something since that person has stated they have actually made profit 14 months in a row purchase these options because you think is the ideal ones for you which 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 extraordinary we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our cash we can actually state i wish to do exactly what that trader is doing or match that precise portfolio of options and essentially each time they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for instance 10 of their financial 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 charges included actually important you understand what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no cost websites then might not charge you for actually buying and selling funds or etfs private products specific 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 reveal you the fees with in particular in this video the next would be things to understand before you actually begin purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s start with charges actually crucial to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling okay so commission fees are complimentary however there are a couple of other costs the 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 but when you wish to withdraw your cash so you offer your shares you sell your commodities whatever you’re offering 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 knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs 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 6 months you know depends completely how you’re investing but that is a fee to keep in mind the 2nd charge that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an alternative to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion fee is there 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 bargain with them you can’t go to the bank and state provide me us dollars instead you have to pay their charges now the excellent 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 cash dollars for as long as you like so that implies the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s actually excellent utilizing that part of their website will not certainly restrict you in any way nevertheless we have to understand 2 other charges the first being what’s called spread costs alright and i’m going to show you what i indicate on now a spread fee as i’m going to reveal you
on is basically 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 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 means that when you wish to offer or buy as you can see it’s not the price 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 fees is the distinction then in fact to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of benefit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you state fine well why does that occur 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 sell it and that is how they make a bit of money on those spread out costs it’s generally exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit money now the last accomplishment is called an
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over night charge now this is truly essential if you’re actually using cfds yourself as well an over night cost is when you’re not doing that buy sell deal in the exact same day all right there’s then an over night fee charged and even if you go from the friday to the monday before sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which implies you’re actually purchasing the specific asset rather than utilizing leverage anyway you won’t get hit with these costs however these costs are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s say if you go into the help section this isn’t the over night charges information you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some surcharges naturally depending on what you are buying as well this is on your own so keep that in mind but full charges are totally within their assistance info alright and we spoke about as well as free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various methods of really utilizing these copy operates they do not have any additional costs on top of the regular costs that
exist now what you require to keep in mind though is these possibly managed by other individuals completely or in some cases have actually developed portfolios you’ve got a genuine individual doing the management you have to make sure you select the individual that’s right for you just like any line of work this is your monetary assets so we absolutely need to make sure it’s the right person for us before we copy them so the first things i would call it if you do want to use this function we have actually got a number 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 play with and it’s not real cash that you’re investing you will not 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 really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a terrific alternative for you again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to type of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had actually invested your genuine cash it allows you to construct self-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 keep in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your danger profile is now what do i imply 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 simply suggests am i fine with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money but that similarly indicates they’ll lose at some time in their journey certainly people do generate income also and i’ve got videos everything about how you can make certain you’re one of the people to really earn money however in this circumstance make sure you research your risk level would you be okay giving your cash to another person which is successfully what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s completely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold or perhaps oil plus more conventional 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 easily over here you can copy people now it will provide you a great deal of choices and you can use the system to really look for somebody that you fancy in fact following so let’s see maybe we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent amount and i can find everybody who has met that requirements and it does provide you a threat factor 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 individuals that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to ensure 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 validate are you all right with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she actually purchasing so let’s go 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 understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is great so actually for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s also got a little bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production companies as that. Rules For Copied Traders Etoro.
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