We get htis a lot on our site the answer to Trader Bei Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you really wish to invest and you want someone to do it for you there’s just a number of manner ins which that can take place the first off you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is obviously you can purchase 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 an overall please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re learning more about please do study the platform don’t just presume since i utilize it that you can utilize it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice too so you actually get utilized to the structure of the site and then 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 danger this is investing we’re doing you’re buying genuine business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at danger and we need to bear that in mind do not simply do something because that individual has said they’ve made revenue 14 months in a row purchase these choices because you believe is the best ones for you which being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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well-known for it’s the option to see what other traders are doing incredible we don’t generally 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 money we can really state i want to do exactly what that trader is doing or match that specific portfolio of options and essentially every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests 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 likewise cover is the charges involved actually crucial you understand what are the expenses of this now with any platform there will be some cost to certainly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero fee sites then may not charge you for really buying and selling etfs or funds private commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing 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 really begin purchasing copy trading or copy portfolios and lastly some best advice best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges actually important to comprehend these now on there’s a number of fees there isn’t charges to do with actually buying and selling okay so commission charges are totally free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk money.
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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 wish to withdraw your money so you offer your shares you offer your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you might state 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 among those choices that they have a lot of platforms clearly 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 six months you know depends totally how you’re investing however that is a fee to keep in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s fine 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 charge now when you utilize anybody so if you’re utilizing trading two and 2 free trade anyone at all this is standard they have i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you want to use their platform go from uk to us then that conversion cost exists what are they really giving 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 rather you have to pay their charges now the great feature of though when you have actually converted your money you do not have to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you purchase 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 great using that part of their website won’t certainly restrict you in any way however we have to know 2 other fees the first being what’s called spread charges fine and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is essentially the distinction that is part of the investment platform in between the buy price and the price okay 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 worth 599 per share in tesla that really means that when you want to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing price of tesla is the worth of a share what’s called spread costs is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to provide 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 want to sell it and that is how they make a little bit of money on those spread out costs it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a little bit money now the last accomplishment is called an
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over night cost now this is really important if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy offer deal in the exact same day all right there’s then an overnight charge 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 actually buying out the etf the stock the commodity and using time one leverage which suggests you’re actually purchasing the specific asset instead of using utilize anyway you won’t get hit with these costs but these charges are if you’re utilizing utilize and cfds and then you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the help section this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform 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 just applies as i said to cfds there are some additional charges naturally depending on what you are investing in too this is on your own so keep that in mind however complete fees are entirely within their assistance info all right and we discussed along with free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of really utilizing these copy functions they do not have any extra fees on top of the regular fees that
are there now what you require to bear in mind though is these potentially handled by other individuals entirely or sometimes have actually produced portfolios you have actually got a real person doing the management you have to make certain you pick the person that’s right for you much like any kind of work this is your monetary properties so we absolutely need to make certain it’s the right individual for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of different 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 real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun 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 generally have this virtual portfolio imitate as if you are utilizing your own money however actually 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 terrific alternative for you again to evaluate the theories okay you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe have fun with it clearly you might have lost out on gains and losses during that time of course if you had actually invested your genuine money it allows you to construct self-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 in fact how to copy individuals and copy portfolios now here’s something to remember before you select 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 suggest by that undoubtedly 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 means am i fine with possibly losing an excellent amount of this 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 figure 75 individuals will lose money however that equally indicates they’ll lose at some time in their journey obviously people do generate income too and i have actually got videos all about how you can make certain you’re one of the people to actually make money however in this situation ensure you research your danger level would you be alright giving your money to another person which is efficiently what you’re doing and trusting them make sure you comprehend what they’re buying totally if you’re someone who isn’t wishing to be that risky don’t pick somebody who’s completely into crypto or currency conversion think about 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 may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too really quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to in fact search for someone that you fancy in fact following so let’s see perhaps we desire someone from united kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually satisfied that criteria 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 certainly there are a number of people that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance 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 all right with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got some of mine actually that i invest in too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that appears to be what she prefers she’s likewise got a little bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production companies as that. Trader Bei Etoro.
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