We get htis a lot on our site the answer to What If Etoro Goes Bust Crypto….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you desire someone to do it for you there’s just a number of manner ins which that can take place the first off you can work with an investment portfolio supervisor they’ll usually charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 an overall please remember this platform is quite advanced 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 more about please do study the platform don’t simply presume since i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you actually get used to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing genuine business if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so obviously your capital is at danger and we need to bear that in mind do not simply do something since that person has actually said they’ve made earnings 14 months in a row purchase these options because you believe is the right 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 unbelievable we do not typically 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 really state i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your cash will be simulated with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included really important you comprehend what are the costs of this now with any platform there will be some expense to clearly 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 a few of the absolutely no charge websites then may not charge you for in fact buying and selling etfs or funds specific commodities individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees 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 understand before you really start purchasing copy trading or copy portfolios and finally some best guidance best practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges actually crucial to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling alright so commission costs are totally free nevertheless there are a couple of other charges 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 immediately converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your money 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 naturally understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you might state okay that’s quite pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just one of those choices that they have a lot of platforms clearly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every six months you understand depends totally how you’re investing but that is a cost to keep in mind the 2nd charge that i’ve touched upon is that conversion cost now with you’re dealing in us dollars only there’s not an alternative to purchase 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 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 utilizing trading 2 and 2 open market anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they in fact 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 give me us dollars instead you need to pay their fees now the excellent thing about though when you’ve transformed your money you do not have to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that suggests the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra costs so that’s really excellent utilizing that part of their website will not certainly limit you in any way however we need to understand 2 other costs the first being what’s called spread charges okay and i’m going to show you what i imply on now a spread fee as i’m going to show you
on is essentially the distinction that belongs to the financial investment platform in between the buy price and the sale price all right 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 means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread charges is the distinction then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to offer 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 offer it which is how they make a bit of money on those spread out fees it’s typically incredibly 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 bit money now the last feat is called an
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over night charge now this is really essential if you’re really using cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the exact same day fine there’s then an over night fee charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the commodity and using time one utilize which means you’re actually buying the specific property rather than utilizing leverage anyway you will not get hit with these fees but these costs are if you’re using take advantage of and cfds and then 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 help section this isn’t the over night fees information you can see exactly the breakdown and it’ll inform you what are the charges what are the charges 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 added fees naturally depending upon what you are buying as well this is on your own so keep that in mind however complete fees are entirely within their assistance information alright and we spoke about along with totally 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 five dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of actually using these copy works they do not have any additional fees on top of the typical costs that
are there now what you require to remember though is these possibly handled by other individuals completely or often have produced portfolios you have actually got a real individual doing the management you have to make certain you choose the individual that’s right for you similar to any profession this is your monetary properties so we absolutely require to make sure it’s the best individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of various options 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 real money 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 won’t need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is a fantastic option for you again to evaluate the theories alright you may want to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe play with it obviously you may have missed out on gains and losses during that time of course if you had invested your genuine cash it enables you to build 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 really how to copy people and copy portfolios now here’s something to bear in mind before you choose somebody 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 undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk simply implies am i all right with potentially losing a good quantity of this financial investment or acquiring as
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well now keep in mind whatever is downs and ups you will make money you’ll lose cash that’s why they make the fact 75 individuals will lose money but that similarly means they’ll lose at some point in their journey undoubtedly individuals do earn money too and i have actually got videos everything about how you can make certain you are among the people to in fact earn money however in this scenario make certain you research your danger level would you be fine providing your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in fully if you’re someone who isn’t wanting to be that risky do not pick somebody who’s totally into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually utilize this too truly quickly over here you can copy individuals now it will give you a great deal of choices and you can use the system to in fact look for somebody that you elegant really following so let’s see maybe we desire someone from joined kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually fulfilled that criteria and it does provide you a danger element 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 quite high returns
keep in mind it resembles 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 four or minus 50 there’s no chance to ensure so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she really investing in 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 know ibm paypal yep she’s absolutely like sort of into those blue box and the tech market she’s got some of mine really that i buy too which is excellent so in fact for me understanding 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 also got a bit more um of the kind of main food business and you have actually got you understand pharmaceutical and production companies as that. What If Etoro Goes Bust Crypto.
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