We get htis a lot on our site the answer to The Etoro People….Concerns that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you really want to invest and you desire somebody to do it for you there’s only a number of manner ins which that can occur the to start with you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular 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 remember this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not really having the total of capital so with anything that you’re discovering please do study the platform don’t simply presume because 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 consider that alternative also 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 danger this is investing we’re doing you’re buying genuine business if you choose to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so obviously your capital is at threat and we need to bear that in mind do not simply do something since that individual has said they’ve made revenue 14 months in a row purchase these options since you think is the ideal ones for you and that being stated 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 incredible we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can really state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they purchase they sell whatever they do your money will be mimicked with it so that implies if for instance 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved actually vital you comprehend what are the expenses of this now with any platform there will be some expense to certainly 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 a few of the absolutely no cost websites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of costs 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 know before you really begin purchasing copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with charges actually crucial to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling alright so commission costs are totally free nevertheless there are a number of other costs the very first one is withdrawal charges so you can certainly put money in now if you’re 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 in the future but when you want to withdraw your money so you offer your shares you offer your products whatever you’re offering the minimum quantity 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 certain that i’m only withdrawing when i definitely require to now you might say all right that’s quite costly 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 options that they have a great deal of platforms obviously are complimentary 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 once every 6 months you know depends totally how you’re investing but that is a charge to remember the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying 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 open market anyone at all this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they really providing you in regards to 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 need to pay their fees now the fantastic feature of however when you’ve converted your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the preliminary 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 charges so that’s really good utilizing that part of their site will not definitely restrict you in any way however we have to be aware of two other charges the very first being what’s called spread costs okay and i’m going to show you what i mean on now a spread fee as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy price 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 right now tesla’s dollar worth 599 per share in tesla that in fact suggests that when you wish to sell or buy as you can see it’s not the price you’re seeing up here let me reveal you that again so the current price of tesla is the worth of a share what’s called spread charges is the difference then actually to purchase that share on the platform and you’ll discover this everywhere this is another manner in which they make a percentage of benefit from you every time 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 provide you less back with your sale and you say alright 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 which is how they make a bit of cash on those spread costs it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit money now the last accomplishment is called an
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over night charge now this is actually crucial if you’re really utilizing cfds yourself also an overnight cost is when you’re not doing that buy sell deal in the very same day alright there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing 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 leverage which suggests you’re in fact buying the specific possession rather than utilizing leverage anyway you won’t get hit with these charges but these costs are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy offering in the same day so let’s say if you go into the assistance section this isn’t the overnight costs information you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i stated to cfds there are some additional charges naturally depending on what you are investing in also this is on your own so keep that in mind but full charges are entirely within their assistance info okay and we talked about as well as complimentary 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 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they don’t have any additional charges on top of the typical fees that
exist now what you need to bear in mind though is these possibly handled by other individuals completely or sometimes have actually created portfolios you’ve got a genuine person doing the management you need to ensure you pick the individual that’s right for you just like any profession this is your financial properties so we absolutely need to make sure it’s the right person for us prior to 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 different options 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 means i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are using your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine cash perhaps this is a terrific choice for you again to check the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it undoubtedly you may have lost out on gains and losses during that time naturally if you had invested your real cash it allows you to build confidence understand the platform so that’s one choice 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 individuals and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i indicate by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of just suggests am i okay with potentially losing an excellent amount of this investment or getting 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 fact 75 people will lose money however that similarly indicates they’ll lose eventually in their journey clearly people do earn money as well and i have actually got videos all about how you can make certain you’re one of individuals to really make money however in this situation make sure you research your risk level would you be all right offering your cash to someone else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re buying totally if you’re somebody who isn’t wishing to be that dangerous do not choose somebody who’s completely into crypto or currency conversion think of 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 use this too actually easily over here you can copy people now it will give you a great deal of options and you can utilize the system to really search for someone that you expensive actually following so let’s see maybe we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has fulfilled that requirements and it does give you a danger factor 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
keep in mind it resembles anything to do with the news or predictions 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 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 verify are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she really purchasing 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 good 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 purchase too which is excellent so in fact for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she prefers she’s likewise got a bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. The Etoro People.
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