We get htis a lot on our site the answer to Stephen Bliss Etoro Account….Concerns that i hear from brand-new financiers what if you’re brand new to investing you merely don’t want to decide what you actually wish to invest and you desire somebody to do it for you there’s only a number of manner ins which that can take place the firstly you can work with a financial investment portfolio supervisor they’ll generally charge a quite a high premium to do that maybe a couple of percent of your profits 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 a total please keep in mind this platform is rather advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not 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 cash they give that option too so you really 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 purchasing real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so obviously your capital is at risk and we need to bear that in mind do not just do something because that person has actually stated they have actually made revenue 14 months in a row buy these options due to the fact that you think is the right ones for you which being said 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 aspect that is most likely.
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famous for it’s the alternative to see what other traders are doing amazing we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can really state i want to do exactly what that trader is doing or match that precise portfolio of options and generally whenever they make a trade they purchase they sell whatever they do your cash will be imitated with it so that indicates 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 fees included actually important you comprehend what are the costs of this now with any platform there will be some cost to certainly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no cost websites then might not charge you for actually buying and selling etfs or funds specific commodities specific 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 charges with in particular in this video the next would be things to know before you really start buying copy trading or copy portfolios and finally some finest recommendations finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s kick off with charges truly essential to understand these now on there’s a number of costs there isn’t costs to do with actually buying and selling all right so commission costs are free however there are a number of other fees the first one is withdrawal charges 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 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 sell your shares you sell your products 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you may say fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal charges are simply among those choices that they have a great deal of platforms clearly are complimentary 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 when every six months you understand 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 fee now with you’re handling us dollars just there’s not a choice to purchase in euros or uk which’s fine that fits me.
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a great deal 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 anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 bargain with them you can’t go to the bank and say give me us dollars instead you have to pay their costs now the great feature of though when you’ve transformed your cash you do not need to invest it right away that dollar worth can being 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 additional costs so that’s really good utilizing that part of their website won’t definitely restrict you in any way nevertheless we need to understand 2 other costs the very first being what’s called spread charges alright and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is generally the distinction that belongs to the investment platform between the buy cost and the sale price okay 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 implies that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur 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 offer it which is how they make a little bit of money on those spread out charges it’s generally exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment firm will once again make a bit cash now the last accomplishment is called an
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overnight fee now this is really crucial if you’re in fact utilizing cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the same day alright there’s then an over night charge 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 using time one take advantage of which suggests you’re in fact purchasing the specific property instead of utilizing take advantage of anyhow you will not get hit with these fees however these costs are if you’re utilizing utilize 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 say if you enter into the assistance 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 charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some added fees obviously depending upon what you are purchasing also this is on your own so keep that in mind but complete charges are entirely within their assistance info okay and we talked about in addition to complimentary to deposit in but 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 said copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they don’t have any extra fees on top of the regular costs that
exist now what you need to remember though is these potentially managed by other individuals completely or often have produced portfolios you’ve got a real person doing the management you need to make sure you pick the individual that’s right for you just like any profession this is your monetary assets so we absolutely need to make sure it’s the best 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 different alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means 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 utilizing your own money but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash perhaps this is a fantastic choice for you again to evaluate the theories fine you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to type of safe play with it undoubtedly you might have missed out on gains and losses during that time naturally if you had invested your real money it permits you to construct self-confidence understand the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to remember 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 suggest by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just suggests am i okay with potentially losing a great quantity of this investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the statistic 75 people will lose money but that equally means they’ll lose at some time in their journey obviously individuals do earn money too and i have actually got videos all about how you can make certain you are among individuals to actually earn money but in this scenario make sure you research your threat level would you be okay offering your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re somebody who isn’t wanting to be that dangerous don’t pick someone who’s entirely into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can actually use this too really easily over here you can copy people now it will give you a great deal of choices and you can use the system to actually search for someone that you fancy in fact following so let’s see possibly we want somebody from joined kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has satisfied that requirements and it does provide you a threat aspect as well 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 rather high returns
keep in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way 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 confirm are you fine with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine actually that i purchase too which is excellent so in fact for me understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the kind of primary food companies and you’ve got you understand pharmaceutical and production business as that. Stephen Bliss Etoro Account.
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