We get htis a lot on our site the answer to What Is Pip Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you merely don’t want to choose what you really want to invest and you want someone to do it for you there’s only a number of ways that that can take place the first of all you can hire a financial investment portfolio supervisor they’ll normally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course 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 too now if you’re brand new to an overall please remember this platform is rather 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 do not simply 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 money they consider that option as well so you actually get used to the structure of the website and then when you’re ready to use your own cash 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 real companies if you select to in this particular video we’re discussing how to copy other individuals’s investments with your money so certainly your capital is at risk and we need to bear that in mind do not simply do something since that person has actually said they’ve made profit 14 months in a row purchase these options due to the fact that you think is the best ones for you which being stated 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 most likely.
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popular for it’s the option to see what other traders are doing extraordinary we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really say i want to do precisely what that trader is doing or match that specific portfolio of choices and generally each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that indicates if for instance 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 involved actually crucial you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the no fee 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 charges 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 show you the fees with in particular in this video the next would be things to understand before you really begin investing in copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your advanced investor so let’s kick off with charges really essential to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling okay so commission fees are free however there are a number of other charges the very first one is withdrawal charges so you can obviously 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 want to withdraw your money so you offer your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say okay that’s rather 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 fees are just among those alternatives that they have a lot of platforms obviously are free to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year once every 6 months you understand depends completely how you’re investing but that is a charge to bear in mind the 2nd cost that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that fits me.
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a great deal of my stocks are us dollar stocks anyway 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 fee now when you use anyone so if you’re using trading 2 and two free trade anybody this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they actually offering you in regards to 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 say provide me us dollars instead you have to pay their fees now the excellent aspect of however when you’ve transformed your cash you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that means the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent using that part of their site won’t definitely restrict you in any way however we have to understand two other charges the very first being what’s called spread costs fine and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you
on is generally the distinction that becomes part of the financial investment platform between the buy price and the list 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 in fact suggests 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 again so the current price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another manner in which they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind clearly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread out charges it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit money now the last accomplishment is called an
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overnight fee now this is actually important if you’re really using cfds yourself as well an overnight charge is when you’re refraining from doing that buy offer transaction in the exact same day all right there’s then an over night fee charged and even if you go from the friday to the monday before cruising a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which suggests you’re actually buying the specific possession rather than utilizing utilize anyhow you won’t get hit with these costs however these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you enter into the aid section this isn’t the overnight fees info 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 additional charges of course depending upon what you are buying too this is on your own so keep that in mind however full fees are completely within their assistance information alright and we spoke about along with free 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 whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really using these copy operates they do not have any extra fees on top of the regular fees that
exist now what you require to bear in mind though is these potentially handled by other people entirely or often have produced portfolios you have actually got a real person doing the management you have to make certain you choose the individual that’s right for you similar to any kind of work this is your financial possessions so we definitely require to make sure it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a couple of various alternatives 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 genuine cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you will not need to put in your credit card information or anything you can generally have this virtual portfolio imitate as if you are using your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money possibly this is an excellent choice for you again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual choice as a way to sort of safe play with it clearly you might have lost out on gains and losses during that time naturally if you had actually invested your real money it enables you to construct 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 individuals and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your risk profile is now what do i mean by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply indicates am i okay with possibly losing an excellent quantity of this financial investment or getting as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash but that similarly implies they’ll lose eventually in their journey undoubtedly individuals do earn money too and i have actually got videos all about how you can make sure you are among individuals to really generate income but in this circumstance make certain you research your danger level would you be okay offering your cash to someone else which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous do not select someone who’s completely into crypto or currency conversion think of it you ‘d most likely desire a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i say you can actually utilize this too really quickly over here you can copy people now it will give you a great deal of options and you can utilize the system to in fact look for somebody that you elegant really following so let’s see perhaps we desire somebody from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great amount and i can find everyone who has actually met that requirements and it does offer you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you alright with this and off you go now another way to really deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she in fact 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 good to understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine really that i purchase too which is great so actually for me knowing what i like to buy 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 little bit more um of the sort of primary food companies and you have actually got you know pharmaceutical and production business as that. What Is Pip Etoro.
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