We get htis a lot on our site the answer to What Is Etoro?….Concerns that i speak with new financiers what if you’re brand new to investing you simply don’t wish 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 employ a financial investment portfolio supervisor they’ll generally 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 purchase 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 as well now if you’re brand new to an overall please keep in mind this platform is quite sophisticated you can do cfds which obviously cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply presume due to the fact that 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 consider that choice too so you really get utilized to the structure of the website 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 investing in genuine companies if you select to in this particular video we’re discussing how to copy other people’s financial investments with your cash so certainly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually said they have actually made profit 14 months in a row purchase these options due to the fact that you believe is the best ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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popular for it’s the choice to see what other traders are doing amazing 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 means with our cash we can actually state i wish to do exactly what that trader is doing or match that precise portfolio of options and generally each time they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their 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 charges involved actually crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero charge websites then might not charge you for really buying and selling funds or etfs individual commodities individual stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing 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 understand before you in fact start buying copy trading or copy portfolios and finally some best advice finest practices if you are thinking of this as a tool whether you start your journey or your more advanced financier so let’s begin with charges truly crucial to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling fine so commission charges are totally free however there are a couple of other costs the first one is withdrawal costs so you can certainly put cash in now if you remain 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 but when you want to withdraw your money 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 certain that i’m just withdrawing when i definitely need to now you might state all right that’s quite costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal costs are simply one of those alternatives that they have a great deal of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every 6 months you understand depends totally how you’re investing but that is a charge to bear in mind the second charge that i have actually 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 which’s great that suits 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 charge now when you use anybody so if you’re utilizing trading 2 and two open market anyone at all this is basic they have actually i suppose stuck to whatever fee 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 cost is there what are they actually 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 give me us dollars instead you have to pay their costs now the excellent feature of though when you’ve transformed your cash 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 indicates the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent using that part of their site won’t definitely restrict you in any way however we have to know 2 other charges the very first being what’s called spread fees fine and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is basically the difference that is part of the financial investment platform in between the buy price and the price all right 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 worth 599 per share in tesla that in fact implies that when you wish to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the present price of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer 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 lot of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of cash on those spread charges it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last feat is called an
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overnight cost now this is really important if you’re in fact utilizing cfds yourself also an overnight fee is when you’re not doing that buy sell deal in the very same day okay there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which implies you’re actually buying the precise property instead of using leverage anyhow you won’t get hit with these charges however these fees are if you’re utilizing utilize and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the help section this isn’t the over night fees details you can see precisely the breakdown and it’ll tell 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 applies as i stated to cfds there are some added fees of course depending upon what you are purchasing also this is on your own so keep that in mind however complete costs are completely within their help info all right and we spoke about along with complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity 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 methods of actually using these copy functions they don’t have any additional costs on top of the typical costs that
exist now what you require to keep in mind though is these potentially handled by other people entirely or in some cases have actually developed portfolios you’ve got a real person doing the management you need to ensure you select the individual that’s right for you just like any kind of work this is your monetary possessions so we definitely need to ensure it’s the ideal person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number of various options for us first of all 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 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 charge card information or anything you can generally have this virtual portfolio simulate as if you are utilizing your own cash however in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your real money perhaps this is an excellent choice for you once again to evaluate the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your genuine money it permits 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 really how to copy people and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i imply by that clearly 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 means am i all right with potentially losing a good quantity of this investment or getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that similarly implies they’ll lose eventually in their journey undoubtedly individuals do generate income as well and i’ve got videos everything about how you can make sure you’re one of the people to really generate income however in this scenario ensure you research your risk level would you be fine giving your money to somebody else which is efficiently what you’re doing and trusting them ensure you understand what they’re purchasing fully if you’re somebody who isn’t wanting to be that dangerous don’t select someone who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong commodities
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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 utilize this too truly easily over here you can copy individuals now it will give you a great deal of options and you can use the system to really look for somebody that you elegant actually following so let’s see possibly we want someone from joined kingdom um who invests in let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has actually fulfilled that criteria and it does provide you a threat factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number 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 imply somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine really that i buy too which is great so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a good spread in tech companies that seems to be what she chooses she’s also got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. What Is Etoro?.
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