We get htis a lot on our site the answer to Trading Cryptocurrencies On Etoro….Questions that i speak with new financiers what if you’re brand new to investing you simply don’t want to choose what you really want to invest and you want 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 supervisor they’ll normally charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are created 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 as well now if you’re brand new to a total please bear in mind this platform is rather advanced 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 learning more about please do study the platform don’t simply assume due to the fact that i utilize it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that option too so you really get used 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 purchasing real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so certainly your capital is at threat and we have to bear that in mind do not simply do something since that individual has actually stated they’ve made profit 14 months in a row invest in these choices since you believe is the ideal ones for you and that being stated let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable 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 means with our money we can really state i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and essentially whenever they make a trade they purchase they sell whatever they do your money will be imitated with it so that means if for example 10 of their financial 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 actually important you understand what are the costs of this now with any platform there will be some cost to clearly these are real companies 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 fee websites then might not charge you for in fact buying and selling funds or etfs private commodities specific 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 sort of fees 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 prior to you really begin buying copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s begin with costs really essential to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling alright so commission charges are free however there are a couple of other costs the first one is withdrawal fees so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you wish 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 five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i absolutely need to now you might say okay that’s quite costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply among those choices that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you know depends totally how you’re investing but that is a fee to keep in mind the second cost that i have actually discussed is that conversion charge now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’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 even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading two and two open market anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually offering 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 state offer me us dollars rather you have to pay their charges now the excellent thing about though when you’ve converted your money you do not have to invest it immediately that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial 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 truly good utilizing that part of their site will not certainly restrict you in any way nevertheless we have to understand 2 other fees the very first being what’s called spread fees all right and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is generally the difference that is part of the investment platform between the buy rate and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually suggests that when you want to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the worth of a share what’s called spread fees is the distinction then in fact to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you state all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it which is how they make a bit of money on those spread charges it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit cash now the last feat is called an
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over night fee now this is truly important if you’re in fact using cfds yourself also an over night fee is when you’re not doing that buy offer transaction in the same day all right there’s then an over night cost charged and even if you go from the friday to the monday before 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 leverage which indicates you’re really buying the exact property instead of utilizing take advantage of anyhow you won’t get hit with these fees but these fees are if you’re utilizing 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 over night costs details you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i stated to cfds there are some added fees naturally depending upon what you are investing in also this is on your own so keep that in mind however complete fees are totally within their assistance info okay and we discussed as well as complimentary to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything 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 different methods of really using these copy operates they do not have any additional charges on top of the typical charges that
are there now what you need to keep in mind though is these potentially handled by other people entirely or in some cases have actually developed portfolios you’ve got a genuine individual doing the management you have to make sure you pick the person that’s right for you similar to any line of work this is your monetary possessions so we absolutely need 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’ve got a couple of different choices 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 ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own money but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your genuine cash possibly this is a great alternative for you once again to check the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it obviously you may have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to develop self-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 actually how to copy individuals and copy portfolios now here’s something to bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i suggest 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 run the risk of simply indicates am i all right with possibly losing a good amount of this investment or getting as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally implies they’ll lose eventually in their journey certainly individuals do make money as well and i’ve got videos everything about how you can ensure you are among the people to actually earn money but in this situation ensure you research your danger level would you be okay providing your cash to somebody else which is effectively what you’re doing and trusting them ensure you comprehend what they’re investing in completely if you’re someone who isn’t wishing to be that dangerous don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably desire a foundation of strong products
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like gold and even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too really quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact look for someone that you elegant really following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they have actually acquired 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 give you a risk factor also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of people that have rather high returns
remember it’s like 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 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 all right with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can actually 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 excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is excellent so actually for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech companies that appears to be what she chooses she’s likewise got a bit more um of the sort of main food companies and you’ve got you know pharmaceutical and production business as that. Trading Cryptocurrencies On Etoro.
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