We get htis a lot on our site the answer to Trader Way Ou Etoro….Questions that i speak with new financiers what if you’re brand new to investing you merely don’t wish to choose what you really want to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the first off you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is naturally you can purchase 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 as well now if you’re brand new to a total please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just assume due to the fact that i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you actually 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 obviously your capital is at risk this is investing we’re doing you’re investing in genuine companies if you select to in this particular video we’re talking about how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something because that person has actually said they have actually made earnings 14 months in a row invest in these options since you believe is the right ones for you and that 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing amazing we don’t typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of choices and essentially every time they make a trade they buy they sell whatever they do your money will be simulated with it so that means if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved really critical you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no cost websites then may not charge you for in fact buying and selling etfs or funds specific commodities specific stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering 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 know prior to you really begin investing in copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges actually essential to comprehend these now on there’s a number of fees there isn’t costs to do with really buying and selling okay so commission costs are free nevertheless there are a number of other fees the very first one is withdrawal fees so you can certainly put cash 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 in the future however when you want to withdraw your money so you sell your shares you offer your commodities 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 obviously understanding that i’m going to make sure that i’m just withdrawing when i absolutely require to now you may say alright 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 someplace and withdrawal costs are simply among those alternatives that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every 6 months you understand depends entirely how you’re investing but that is a charge to remember the 2nd fee that i’ve touched upon 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 fine that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and 2 open market anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you type 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 giving 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 say give me us dollars instead you need to pay their charges now the fantastic aspect of though when you’ve transformed your money you do not have 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 transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s truly excellent utilizing that part of their site won’t certainly restrict you in any way however we have to be aware of 2 other costs the first being what’s called spread fees okay and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the difference that is part of the financial investment platform between the buy rate and the list price all right 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 in fact indicates that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to offer so they’re going to provide you less back with your sale and you state alright well why does that happen it just 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 want to sell it which is how they make a little bit of money on those spread costs it’s typically 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 bit money now the last task is called an
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overnight fee now this is actually important 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 fine there’s then an overnight charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which means you’re really purchasing the specific asset instead of utilizing utilize anyway you will not get hit with these fees however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s state 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 fees then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some additional charges of course depending on what you are purchasing as well this is on your own so keep that in mind but full fees are entirely within their aid information okay and we spoke about along with free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares whatever there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of actually utilizing these copy functions they don’t have any extra costs on top of the normal charges that
are there now what you require to keep in mind though is these possibly handled by other individuals entirely or in some cases have created portfolios you have actually got a real individual doing the management you have to ensure you select the individual that’s right for you just like any type of work this is your monetary assets so we absolutely require to make certain it’s the right 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 number of various 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 alternative to invest genuine money or a virtual platform virtual methods 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 require to put in your charge card details or anything you can generally have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money perhaps this is a terrific alternative for you once again to check the theories fine you may want to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe have fun with it certainly you may have missed out on gains and losses during that time obviously if you had invested your real money it permits you to build self-confidence comprehend the platform so that’s one choice 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 keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just indicates am i okay with possibly losing a good quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that similarly means they’ll lose eventually in their journey clearly individuals do make money too and i have actually got videos all about how you can make certain you’re one of individuals to in fact generate income however in this circumstance make sure you research your threat level would you be alright providing your money to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky don’t pick somebody who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or even 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 say you can in fact use this too actually quickly over here you can copy individuals now it will provide you a lot of options and you can use the system to actually look for somebody that you fancy actually following so let’s see maybe we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has actually met that requirements and it does offer you a risk element as well so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to confirm are you okay with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she really 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 kind of into those blue box and the tech market she’s got a few of mine really that i purchase too which is great so really for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she prefers she’s also got a little bit more um of the kind of main food companies and you’ve got you understand pharmaceutical and production companies as that. Trader Way Ou Etoro.
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