We get htis a lot on our site the answer to What Does It Mean Buying On Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply don’t want to choose what you actually wish to invest and you want someone to do it for you there’s only a number of manner ins which that can happen the firstly you can hire a financial investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created 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 remember this platform is quite sophisticated you can do cfds which naturally cfds are ways 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 do not just assume because i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that choice also so you in fact get used to the structure of the site and then 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 genuine business if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something because that person has actually stated they’ve made profit 14 months in a row purchase these options because you think is the right ones for you which being stated let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending 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 alternative to see what other traders are doing incredible we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that means with our cash we can really say i want to do precisely what that trader is doing or match that exact portfolio of alternatives and basically every time they make a trade they buy they sell whatever they do your cash will be mimicked 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 costs included truly critical you understand what are the costs of this now with any platform there will be some cost to undoubtedly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then might not charge you for in fact buying and selling funds or etfs specific products individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds 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 understand prior to you actually begin purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with fees really important to understand these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling alright so commission fees are complimentary however there are a number of other charges the first one is withdrawal charges so you can undoubtedly 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 on but when you want to withdraw your cash so you offer your shares you sell 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 naturally understanding that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal fees are simply among those alternatives that they have a great deal of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year once every six months you understand depends completely how you’re investing but that is a cost to keep in mind the 2nd fee that i have actually discussed is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy in euros or uk and that’s great that fits me.
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a lot 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 cost now when you use anybody so if you’re using trading two and two free trade anybody this is basic they have i suppose stuck to whatever charge 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 cost 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 rather you have to pay their charges now the excellent feature of though when you’ve transformed your money you do not need to invest it immediately that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their website will not definitely limit you in any way nevertheless we have to be aware of two other costs the first being what’s called spread fees fine and i’m going to reveal you what i indicate on now a spread charge as i’m going to show you
on is generally the difference that belongs to the 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 value 599 per share in tesla that really indicates that when you want to buy or sell as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the value of a share what’s called spread charges is the difference then actually to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you every time you do a purchaser’s share so keep that in mind undoubtedly it’s more pricey to purchase 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 lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread out costs it’s generally exceptionally small 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 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 really utilizing cfds yourself as well an over night fee is when you’re not doing that buy sell transaction in the exact same day alright there’s then an over night charge charged and even if you go from the friday to the monday prior to sailing a weekend fee 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 in fact buying the specific asset rather than using utilize anyhow you won’t get hit with these charges but these charges are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you enter into the aid area this isn’t the over night costs details you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which just uses as i said to cfds there are some service charges obviously depending upon what you are buying also this is on your own so keep that in mind however full charges are completely within their aid info okay and we talked about as well as totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of really utilizing these copy functions they don’t have any additional charges on top of the typical charges that
are there now what you require to keep in mind though is these potentially managed by other people entirely or in some cases have created portfolios you’ve got a genuine individual doing the management you have to ensure you choose the person that’s right for you just like any line of work this is your financial properties so we absolutely need to make certain it’s the ideal 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 couple of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real cash perhaps this is a terrific choice for you again to test the theories okay you may wish to buy tesla or apple or this etf why not use the virtual choice as a method to sort of safe play with it clearly you may have missed out on gains and losses throughout that time naturally if you had actually invested your real cash it allows you to develop confidence comprehend the platform so that’s one alternative 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 people 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 indicate 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 risk just means am i okay with possibly losing a great amount of this financial investment or gaining as
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well now keep in mind whatever is ups and downs you will generate income you’ll lose cash that’s why they make the fact 75 people will lose cash but that similarly suggests they’ll lose at some time in their journey certainly people do generate income too and i’ve got videos everything about how you can ensure you are among individuals to actually make money however in this circumstance ensure you research your threat level would you be alright giving your money to somebody else which is effectively what you’re doing and trusting them make sure you understand what they’re buying completely if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s completely into crypto or currency conversion think of it you ‘d probably want a foundation of strong products
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like gold or even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too truly easily over here you can copy people now it will offer you a great deal of choices and you can use the system to actually look for somebody that you fancy really following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has actually fulfilled that requirements and it does offer you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not mean someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you fine with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really purchasing 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 excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is great so actually for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s likewise got a bit more um of the kind of main food companies and you have actually got you know pharmaceutical and production business as that. What Does It Mean Buying On Etoro.
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