We get htis a lot on our site the answer to Steffen Eckehardt M√ºLler Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you want somebody to do it for you there’s only a couple of ways that that can occur the firstly you can work with a financial investment portfolio supervisor 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 obviously you can buy 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 too now if you’re brand new to a total please remember this platform is quite innovative you can do cfds which obviously cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t just assume due to the fact that i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that choice too so you really get utilized 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 obviously your capital is at danger this is investing we’re doing you’re investing in genuine companies if you choose to in this particular video we’re speaking about how to copy other people’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not simply do something since that person has actually stated they’ve made earnings 14 months in a row buy these options since you believe 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 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 unbelievable we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can in fact state i want to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they buy they sell whatever they do your money will be mimicked 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 cash in so we’re going to likewise cover is the fees involved really crucial you comprehend what are the expenses of this now with any platform there will be some expense to obviously 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 no fee sites then might not charge you for really buying and selling funds or etfs individual products individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering 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 fees with in particular in this video the next would be things to know prior to you in fact begin buying copy trading or copy portfolios and finally some best suggestions finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with costs actually important to understand these now on there’s a number of charges there isn’t fees to do with actually buying and selling alright so commission charges are complimentary nevertheless there are a number of other charges the first one is withdrawal fees so you can clearly put cash in now if you’re in the uk we put our uk cash.
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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 wish to withdraw your cash so you sell your shares you sell 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 ensure that i’m just withdrawing when i definitely require to now you might state alright that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just one of those choices 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 mainly it can be perhaps even once a year as soon as every six months you understand depends entirely how you’re investing however that is a fee to keep in mind the second charge that i have actually touched upon is that conversion fee now with you’re dealing in us dollars just there’s not a choice to purchase in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading two and 2 free trade anyone at all this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion cost is there 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 bargain with them you can’t go to the bank and say offer me us dollars instead you need to pay their costs now the great feature of though when you’ve transformed your money you do not need to invest it right now that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial 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 additional fees so that’s actually great utilizing that part of their website won’t certainly limit you in any way however we have to understand two other fees the very first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is essentially the distinction that belongs to the investment platform between the buy price and the list price alright 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 actually indicates that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the current price of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of make money from you whenever you do a purchaser’s share so keep that in mind undoubtedly it’s more expensive to buy than it is to offer so they’re going to give you less back with your sale and you say all right well why does that happen it just 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 sell it and that is how they make a bit of money on those spread out charges it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company 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 crucial if you’re in fact using cfds yourself as well an overnight charge is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an overnight fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one take advantage of which means you’re in fact purchasing the precise asset rather than utilizing leverage anyway you won’t get hit with these charges however these costs 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 same day so let’s state if you go into the assistance area this isn’t the overnight fees details you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends which only applies as i said to cfds there are some added fees of course depending upon what you are investing in also this is on your own so keep that in mind but full charges are entirely within their help info alright and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of really using these copy works they don’t have any extra charges on top of the regular charges that
are there now what you need to bear in mind though is these possibly managed by other people completely or sometimes have actually produced portfolios you’ve got a real individual doing the management you need to make sure you select the individual that’s right for you much like any profession this is your monetary possessions so we definitely require to make sure it’s the ideal 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 couple of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine money 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 charge card details or anything you can basically have this virtual portfolio simulate as if you are using your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is a fantastic choice for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to type of safe have fun with it obviously you might have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to construct confidence understand the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose 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 financial investments the riskier you can be risk simply indicates am i alright with possibly losing an excellent quantity of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the fact 75 individuals will lose cash but that similarly suggests they’ll lose at some time in their journey undoubtedly people do generate income also and i have actually got videos everything about how you can make sure you are among individuals to really earn money however in this circumstance make sure you research your threat level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that risky do not select someone who’s totally into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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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 same with who you’re following now as i state you can in fact use this too actually quickly over here you can copy individuals now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you expensive actually following so let’s see maybe we want somebody from joined kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually fulfilled that requirements and it does provide you a threat aspect as well 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 quite high returns
remember it resembles anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to confirm are you fine 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 quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine in fact that i invest in too which is great so really 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 business 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 know pharmaceutical and production business as that. Steffen Eckehardt M√ºLler Etoro.
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