We get htis a lot on our site the answer to What Cryptocurrency Does Etoro Support….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply don’t wish to choose what you actually want to invest and you desire somebody to do it for you there’s only a number of ways that that can occur the first off you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular 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 also now if you’re brand new to a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume 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 money they consider that option 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 obviously your capital is at risk this is investing we’re doing you’re investing in genuine business if you select to in this particular video we’re talking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we need to bear that in mind do not simply do something because that individual has actually said they have actually made revenue 14 months in a row invest in these choices because you think is the best 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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popular for it’s the choice to see what other traders are doing unbelievable we don’t normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can actually state i want to do exactly what that trader is doing or match that precise portfolio of alternatives and basically every time they make a trade they buy they sell whatever they do your cash will be simulated with it so that means if for instance 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved truly crucial you understand what are the expenses of this now with any platform there will be some cost to clearly 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 a few of the zero fee sites then may not charge you for really buying and selling etfs or funds specific products private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you really begin investing in copy trading or copy portfolios and finally some finest advice best practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s begin with charges really crucial to understand these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling fine so commission costs are free however there are a number of other costs the first one is withdrawal charges so you can clearly put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you wish to withdraw your cash so you offer 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 of course understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say all right that’s quite expensive and i get that but it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal fees are simply one of those options that they have a lot of platforms undoubtedly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year once every six months you know depends completely how you’re investing however that is a charge to keep in mind the 2nd fee that i’ve discussed is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase 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 and even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 open market anybody this is standard they have actually i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you understand if you want to utilize their platform go from uk to us then that conversion fee exists 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 state provide me us dollars instead you have to pay their charges now the terrific feature of however when you’ve converted your money you do not have to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their website will not certainly limit you in any way however we need to be aware of two other charges the first being what’s called spread costs alright and i’m going to show you what i suggest on now a spread cost as i’m going to reveal you
on is basically the distinction that is part of the financial 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 today tesla’s dollar worth 599 per share in tesla that really indicates that when you wish to purchase or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the present cost of tesla is the worth of a share what’s called spread fees is the difference then actually 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 whenever you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you state all right well why does that occur it simply 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 offer it which is how they make a little bit of money on those spread out costs it’s typically extremely small it could be a matter of pens matter of cents in there however 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 fee now this is actually essential if you’re actually using cfds yourself also an over night cost is when you’re not doing that buy sell transaction in the same day okay there’s then an overnight fee charged or even if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one leverage which implies you’re actually buying the exact property rather than using utilize anyhow you won’t get hit with these fees but these fees are if you’re utilizing leverage 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 go into the aid area this isn’t the over night fees details 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 over night or you’re doing over weekends and that only uses as i stated to cfds there are some surcharges naturally depending upon what you are investing in also this is on your own so keep that in mind but complete costs are totally within their help info fine and we discussed in addition to totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two different ways of in fact utilizing these copy operates they don’t have any additional charges on top of the normal charges that
are there now what you need to keep in mind though is these potentially managed by other people completely or in some cases have developed portfolios you’ve got a real individual doing the management you need to make certain you choose the person that’s right for you similar to any profession this is your monetary assets so we absolutely require 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 want to utilize this function we have actually got a number of various choices for us to start with if you’re brand new to investing i want to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual ways 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 require to put in your credit card information or anything you can generally have this virtual portfolio simulate as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is an excellent option for you once again to check the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a method to kind of safe have fun with it clearly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real money it enables you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your risk profile is now what do i imply 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 risk just means am i fine with potentially losing an excellent amount of this investment or gaining as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly suggests they’ll lose at some point in their journey clearly individuals do make money also and i’ve got videos all about how you can make sure you’re one of individuals to actually earn money however in this scenario make sure you research study your threat level would you be fine providing your cash to somebody else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t select somebody who’s totally into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too actually quickly over here you can copy individuals now it will provide you a great deal of options and you can use the system to really search for somebody that you fancy really following so let’s see maybe we want someone from united kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has fulfilled that criteria and it does offer you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to guarantee 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 validate are you okay 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 in fact buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s certainly like kind of into those blue box and the tech market she’s got some of mine in fact that i buy too which is good so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s also got a little bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production companies as that. What Cryptocurrency Does Etoro Support.
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