We get htis a lot on our site the answer to Using Etoro For Bitcoin….Questions that i speak with brand-new investors what if you’re brand new to investing you merely do not wish to decide what you really wish to invest and you want someone to do it for you there’s just a couple of manner ins which that can happen the first of all you can hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can buy mutual funds particular funds are developed 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 bear in mind this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform don’t just assume because i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that alternative too so you actually get utilized 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 naturally 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 talking about how to copy other people’s financial investments with your cash so certainly your capital is at threat and we have to bear that in mind do not simply do something since that individual has said they’ve made revenue 14 months in a row buy these options since you think 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 element that is probably.
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well-known for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that indicates with our cash we can in fact state i want to do precisely what that trader is doing or match that precise portfolio of choices and generally whenever they make a trade they purchase they offer whatever they do your cash will be mimicked with it so that indicates if for instance 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 also cover is the fees involved really important 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 purchasing the selling for you there’s going to be charges included and even some of the no cost websites then may not charge you for really buying and selling etfs or funds private commodities specific stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of costs 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 in fact start buying copy trading or copy portfolios and lastly some finest suggestions best practices if you are considering this as a tool whether you start your journey or your advanced investor so let’s kick off with charges really important to understand these now on there’s a number of costs there isn’t charges to do with really buying and selling all right so commission costs are complimentary however there are a number of other charges the very first one is withdrawal charges so you can undoubtedly put cash in now if you’re 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 later on however when you wish to withdraw your money so you sell your shares you offer your commodities 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 understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say alright that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just one of those options that they have a lot of platforms clearly are totally free 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 6 months you understand depends totally how you’re investing but that is a cost to remember the 2nd cost that i have actually discussed is that conversion charge now with you’re dealing in us dollars just there’s not a choice to buy in euros or uk and that’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 buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re using trading 2 and two free trade anybody this is basic they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of have to accept you know if you want to utilize their platform go from uk to us then that conversion fee exists what are they in fact 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 provide me us dollars rather you have to pay their costs now the fantastic aspect of however when you have actually converted your cash you do not need to invest it right now that dollar value can being in your portfolio as money dollars for as long as you like so that means the preliminary day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly excellent utilizing that part of their site will not definitely limit you in any way however we need to understand two other costs the first being what’s called spread costs alright and i’m going to reveal you what i suggest on now a spread cost as i’m going to show you
on is basically the difference that becomes part of the investment platform in between the buy price and the price alright 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 value 599 per share in tesla that actually suggests that when you wish to offer or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that again so the current rate of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more expensive to purchase than it is to offer so they’re going to give you less back with your sale and you state okay well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it which is how they make a little bit of cash on those spread costs it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a little bit cash now the last accomplishment is called an
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over night fee now this is truly essential if you’re actually utilizing cfds yourself as well an overnight cost is when you’re refraining from doing that buy sell deal in the very same day alright there’s then an overnight cost charged or even if you go from the friday to the monday before cruising a weekend charge now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one utilize which implies you’re really buying the specific possession instead of utilizing take advantage of anyway you will not get hit with these fees however these charges are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s say if you enter into the aid area this isn’t the over night charges details you can see exactly the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some added fees naturally depending upon what you are purchasing as well this is on your own so keep that in mind but full fees are entirely within their aid info okay and we spoke about as well as free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually using these copy works they don’t have any additional fees on top of the typical charges that
exist now what you need to remember though is these potentially handled by other individuals completely or in some cases have created portfolios you have actually got a real person doing the management you need to make sure you select the individual that’s right for you similar to any profession this is your financial assets so we absolutely need to make sure it’s the best 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 number of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine money or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is a great option for you again to test the theories alright you may want to buy tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it obviously you might have lost out on gains and losses during that time of course if you had invested your real money it permits you to construct confidence understand the platform so that’s one option 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 remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk profile is now what do i mean by that obviously 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 just indicates am i alright with potentially losing a great quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 individuals will lose cash but that equally indicates they’ll lose at some point in their journey certainly individuals do generate income also and i’ve got videos everything about how you can make sure you’re one of the people to in fact make money but in this scenario make sure you research your threat level would you be alright offering your cash to someone else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wanting to be that dangerous don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a backbone of strong commodities
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like gold or perhaps oil plus more standard 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 give you a lot of options and you can use the system to in fact look for somebody that you elegant actually following so let’s see possibly we want someone from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually met that requirements and it does provide you a danger factor too 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 individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to verify are you okay with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great 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 in fact that i purchase too which is good so in fact for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production business as that. Using Etoro For Bitcoin.
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