We get htis a lot on our site the answer to Watchlist On Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you in fact wish to invest and you want somebody to do it for you there’s just a number of ways that that can occur the to start with you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created 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 too now if you’re brand new to a total please bear in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that i use it that you can utilize it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that alternative also so you really get utilized to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re buying genuine companies if you choose to in this specific video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at threat and we need to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row buy these choices since you think is the best ones for you and that being stated let’s dive directly 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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popular for it’s the choice to see what other traders are doing extraordinary we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can in fact say i want to do exactly what that trader is doing or match that precise portfolio of choices and generally every time they make a trade they buy they offer whatever they do your money will be simulated with it so that implies if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the costs involved really crucial you understand what are the costs of this now with any platform there will be some expense to obviously these are real business 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 no cost websites then may not charge you for in fact buying and selling etfs or funds private products individual stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type 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 prior to you actually begin purchasing copy trading or copy portfolios and finally some finest guidance finest practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges truly crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with really buying and selling all right so commission charges are totally free nevertheless there are a number of other costs the first one is withdrawal charges so you can clearly put money in now if you’re 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 later but when you wish to withdraw your cash so you offer your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to ensure that i’m only withdrawing when i definitely need to now you might say all right that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply one of those choices that they have a lot of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you understand depends entirely how you’re investing but that is a cost to keep in mind the second cost that i have actually discussed is that conversion cost now with you’re handling 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 anyhow or the etfs that i’m buying or perhaps some crypto so i’m excellent with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and 2 open market anyone at all this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 bargain with them you can’t go to the bank and state provide me us dollars rather you need to pay their fees now the excellent thing about though when you have actually transformed your money you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the preliminary day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s truly good using that part of their website won’t definitely limit you in any way nevertheless we need to understand 2 other costs the very first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the investment platform between the buy cost and the list price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that in fact means that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that once again so the current rate 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 find this everywhere 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 clearly it’s more costly to purchase than it is to sell so they’re going to offer 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 lot of platforms out there there’s a difference between if you’re buying it then you want to sell it and that is how they make a bit of money on those spread fees it’s typically exceptionally little 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 cash now the last accomplishment is called an
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overnight fee now this is actually crucial if you’re in fact using cfds yourself too an overnight cost is when you’re refraining from doing that buy offer transaction in the very same day all right there’s then an over night charge charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which means you’re in fact buying the exact property instead of utilizing leverage anyhow you won’t get hit with these charges but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy offering in the very same day so let’s say if you go into the help section this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which just uses as i said to cfds there are some surcharges of course depending upon what you are purchasing too this is on your own so keep that in mind but complete fees are completely within their help info fine and we talked about as well as free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are two various ways of in fact utilizing these copy functions they don’t have any additional costs on top of the normal charges that
are there now what you require to remember though is these potentially managed by other people completely or sometimes have created portfolios you’ve got a genuine person doing the management you need to make certain you pick the individual that’s right for you similar to any profession this is your financial possessions so we absolutely need to make sure it’s the ideal individual for us before we copy them so the first things i would call it if you do wish to utilize this function we have actually got a couple of various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash 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 will not need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money but actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your real cash maybe this is an excellent choice for you again to check the theories all right you may want to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it clearly you may have missed out on gains and losses throughout that time of course if you had actually invested your real money it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i imply by that certainly 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 suggests am i okay with potentially losing a great amount of this investment or gaining as
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well now remember whatever is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly means they’ll lose at some point in their journey undoubtedly individuals do generate income also and i’ve got videos everything about how you can ensure you’re one of the people to in fact generate income but in this circumstance make certain you research your risk level would you be alright giving your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re someone who isn’t wanting to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong products
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like gold and even 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 state you can in fact utilize this too really easily over here you can copy individuals now it will provide you a great deal of options and you can utilize the system to in fact look for someone that you elegant actually following so let’s see possibly we desire someone from united kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has actually fulfilled that requirements and it does give you a threat element too so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to verify are you all right with this and off you go now another method to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather 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 industry she’s got a few of mine in fact that i buy too which is excellent so actually for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses 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. Watchlist On Etoro.
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