We get htis a lot on our site the answer to Skatt Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply do not wish to decide what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can happen the first off you can hire an investment portfolio manager they’ll typically charge a quite a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course 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 keep in mind this platform is quite advanced 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 don’t simply assume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that choice too so you in fact get used to the structure of the website 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 genuine companies if you pick to in this particular video we’re talking about how to copy other people’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually stated they have actually made profit 14 months in a row invest in these choices due to the fact that you believe is the ideal ones for you which being stated let’s dive straight in [Music] so the important 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 element that is probably.
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famous for it’s the option to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can in fact say i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they purchase they sell whatever they do your money will be imitated with it so that suggests if for example 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 charges involved really critical 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 buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for actually buying and selling etfs or funds specific 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 type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and finally some best recommendations finest practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s start with fees actually important to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling all right so commission fees are free nevertheless there are a couple of other charges the first one is withdrawal costs so you can obviously put money in now if you remain 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 on however when you wish to withdraw your money 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 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might say fine 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 just one of those alternatives that they have a lot of platforms obviously are 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 completely how you’re investing but that is a cost to bear in mind the second charge that i have actually discussed is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading two and 2 open market anybody this is standard they have i expect stuck to whatever charge they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they in fact offering 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 state give me us dollars instead you have to pay their costs now the terrific aspect of however when you have actually transformed your money you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or transform 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 really good using that part of their site won’t definitely limit you in any way nevertheless we need to be aware of 2 other fees the very first being what’s called spread costs fine and i’m going to reveal you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that belongs to the financial investment platform in between the buy price 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 site right now tesla’s dollar value 599 per share in tesla that actually suggests 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 difference then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you every time you do a buyer’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 fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread out costs it’s usually exceptionally small 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 accomplishment is called an
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overnight cost now this is really essential if you’re actually using cfds yourself as well an over night charge is when you’re refraining from doing that buy sell transaction in the same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which means you’re really buying the precise possession instead of using utilize anyway you will not get hit with these costs but these charges are if you’re utilizing leverage 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 state if you enter into the help section this isn’t the overnight charges info 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 overnight or you’re doing over weekends which only applies as i said to cfds there are some surcharges obviously depending upon what you are purchasing too this is on your own so keep that in mind however complete charges are totally within their help information alright and we spoke about along with totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of in fact using these copy operates they do not have any additional fees on top of the typical fees that
exist now what you require to bear in mind though is these potentially handled by other individuals completely or sometimes have created portfolios you’ve got a genuine individual doing the management you have to ensure you select the person that’s right for you much like any type of work this is your monetary possessions so we absolutely need to make sure 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 use this function we’ve got a number of different alternatives for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are using your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real cash maybe this is a great choice for you once again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it clearly you may have lost out on gains and losses during that time obviously if you had actually invested your real money it allows you to construct confidence understand the platform so that’s one alternative for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just means am i okay with possibly losing a good quantity of this investment or acquiring 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 figure 75 individuals will lose cash however that equally suggests they’ll lose at some time in their journey certainly individuals do generate income as well and i have actually got videos everything about how you can make sure you’re one of the people to in fact make money but in this circumstance ensure you research your risk level would you be alright providing your cash to somebody else which is efficiently what you’re doing and trusting them ensure you comprehend what they’re investing in fully if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s entirely into crypto or currency conversion think of it you ‘d probably 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 very same with who you’re following now as i say you can in fact utilize this too truly 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 elegant really following so let’s see perhaps we want somebody from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great quantity and i can find everybody who has actually 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 clearly there are a variety of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you okay with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s likewise got a little bit more um of the sort of primary food business and you have actually got you understand pharmaceutical and production business as that. Skatt Etoro.
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