We get htis a lot on our site the answer to Start Day Trading Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you merely don’t want to decide what you really wish to invest and you want someone to do it for you there’s only a number of ways that that can take place the firstly you can employ a financial investment portfolio manager they’ll generally charge a rather 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 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 also now if you’re brand new to a total please remember this platform is quite advanced 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 finding out about please do study the platform don’t simply presume due to the fact that 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 consider that choice as well so you really get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re investing in real business if you choose to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we have to bear that in mind do not just do something since that person has said they’ve made earnings 14 months in a row invest in these choices since 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 comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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popular 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 advantage is these copy portfolios are copy trading therefore that implies with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of options and basically whenever they make a trade they buy they offer whatever they do your cash will be simulated with it so that suggests 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 likewise cover is the costs included really vital you comprehend what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then may not charge you for in fact buying and selling funds or etfs individual products private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges 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 prior to you actually begin buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s begin with fees truly essential to comprehend these now on there’s a couple of charges there isn’t costs to do with really buying and selling alright so commission fees are totally free nevertheless there are a number of other costs the very first one is withdrawal costs so you can obviously put money in now if you remain 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 in the future but when you want 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 of course knowing that i’m going to make sure that i’m just withdrawing when i definitely require to now you may state alright that’s quite expensive and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those alternatives that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every six months you understand depends completely how you’re investing but that is a fee to remember the 2nd cost that i’ve discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy 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 great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is basic they have i expect stuck to 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 cost is there what are they actually 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 state offer me us dollars rather you need to pay their charges now the terrific aspect of though when you have actually converted your money you do not need to invest it immediately that dollar worth can sit in your portfolio as cash dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional fees so that’s really good utilizing that part of their website won’t definitely limit you in any way nevertheless we need to understand two other fees the first being what’s called spread costs okay and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy price and the price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website today 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 show you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of benefit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to offer 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 distinction between if you’re buying it then you wish to offer it and that is how they make a bit of money on those spread charges it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last task is called an
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over night cost now this is truly crucial if you’re really using cfds yourself too an over night fee is when you’re not doing that buy sell transaction in the same day all right there’s then an overnight cost charged and even 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 actually buying out the etf the stock the commodity and utilizing time one take advantage of which suggests you’re actually purchasing the specific property instead of using take advantage of anyhow you won’t get hit with these fees however these charges are if you’re using leverage and cfds and after that you’re going to have these charges if you’re not buy offering in the very same day so let’s state if you enter into the assistance section this isn’t the over night fees info 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 overnight or you’re doing over weekends and that just uses as i said to cfds there are some surcharges naturally depending upon what you are investing in also this is on your own so keep that in mind but full costs are totally within their aid details alright and we spoke about along with complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything 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 using these copy works they do not have any extra charges on top of the regular fees that
exist now what you require to keep in mind though is these possibly managed by other people completely or sometimes have actually developed portfolios you’ve got a real individual doing the management you need to ensure you choose the person that’s right for you much like any kind of work this is your financial possessions so we absolutely require to ensure it’s the ideal individual for us before we copy them so the first things i would call it if you do want to utilize this function we have actually got a number of various choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash 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 in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money perhaps this is a great choice for you again to evaluate the theories okay you may wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it certainly you might have missed out on gains and losses during that time obviously if you had actually invested your genuine cash it enables you to construct confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back 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 keep in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger 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 indicates am i fine with possibly losing a good amount of this financial investment or acquiring as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally implies they’ll lose at some point in their journey certainly individuals do earn money also and i have actually got videos everything about how you can make sure you are among the people to in fact earn money however in this scenario make certain you research study your threat level would you be all right offering your money to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too actually easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to really search for somebody that you elegant really following so let’s see possibly we desire somebody from united kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can find everybody who has actually met that requirements and it does offer you a risk factor as well so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a number of individuals that have quite high returns
bear 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 way 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 fine 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 investing in so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is great so actually for me knowing what i like to buy 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 likewise got a little bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production business as that. Start Day Trading Etoro.
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