We get htis a lot on our site the answer to What Is Your Occupation Etoro….Concerns that i speak with new investors what if you’re brand new to investing you simply do not want to decide what you actually wish to invest and you want somebody to do it for you there’s just a number of ways that that can happen the firstly you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds specific funds are created once 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 a total please keep in mind this platform is rather advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform don’t simply assume since i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual money they consider that option also so you in fact get utilized to the structure of the website and then when you’re ready to use 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 choose to in this specific video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually said they’ve made profit 14 months in a row invest in these choices since you think is the best ones for you and that being said let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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well-known for it’s the choice to see what other traders are doing unbelievable we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can actually state i want to do exactly what that trader is doing or match that specific portfolio of options and essentially whenever they make a trade they buy they sell whatever they do your cash will be mimicked with it so that indicates 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 really critical you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are real 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 absolutely no cost websites then might not charge you for in fact buying and selling funds or etfs individual commodities private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of charges 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 in fact start buying copy trading or copy portfolios and lastly some best recommendations 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 fees really important to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission fees are free nevertheless there are a couple of other fees the very first one is withdrawal costs 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 automatically converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you sell 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 obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely require to now you may say alright that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those options that they have a great deal of platforms clearly are complimentary 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 know depends entirely how you’re investing but that is a fee to bear in mind the 2nd charge that i have actually touched upon is that conversion cost 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 suits me.
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a lot of my stocks are us dollar stocks anyhow 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 charge now when you utilize anybody so if you’re using trading two and 2 open market anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge exists what are they really 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 state offer me us dollars instead you need to pay their costs now the terrific feature of though when you’ve converted your money you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra charges so that’s actually great using that part of their website won’t certainly limit you in any way nevertheless we need to be aware of 2 other charges the first being what’s called spread charges okay and i’m going to show you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the financial investment platform between the buy cost and the list price alright 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 actually 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 current price of tesla is the worth of a share what’s called spread costs is the distinction then really to buy that share on the platform and you’ll find this all over this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say fine well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread fees it’s usually 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 little bit money now the last accomplishment is called an
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over night charge now this is actually essential if you’re really utilizing cfds yourself too an overnight fee is when you’re refraining from doing that buy sell transaction in the very same day okay there’s then an over night cost charged and even if you go from the friday to the monday before sailing a weekend fee now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one leverage which indicates you’re in fact purchasing the specific asset rather than utilizing utilize anyway you will not get hit with these charges however these fees are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy selling in the exact same day so let’s say if you enter into the help area this isn’t the over night charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just uses as i stated to cfds there are some additional charges obviously depending on what you are buying also this is on your own so keep that in mind but full fees are totally within their assistance details alright and we discussed in addition to free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of actually using these copy works they don’t have any additional charges on top of the regular fees that
are there now what you need to remember though is these possibly managed by other people totally or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to make certain you pick the individual that’s right for you just like any type of work this is your financial properties so we definitely require to make sure it’s the best person for us prior to we copy them so the first things i would call it if you do want to utilize this function we have actually got a couple of different alternatives for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a fantastic alternative for you again to test the theories alright you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to type of safe play with it clearly you might have missed out on gains and losses during that time naturally if you had invested your real money it permits you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your risk profile is now what do i mean 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 just implies am i all right with possibly losing a good quantity of this financial investment or acquiring as
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well now remember whatever is downs and ups you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash but that equally indicates they’ll lose at some time in their journey obviously people do generate income also and i’ve got videos all about how you can ensure you’re one of the people to actually generate income but in this circumstance ensure you research study your danger level would you be okay offering your money to another person which is effectively what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wanting to be that risky do not pick somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a backbone of strong products
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like gold or even oil plus more conventional 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 in fact use this too really easily over here you can copy people now it will offer you a great deal of choices and you can use the system to in fact search for somebody that you elegant really following so let’s see perhaps we want somebody from unified kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everybody who has fulfilled that criteria and it does provide you a risk element 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 people 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 suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to confirm are you okay 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 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 bit so that’s great to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got some of mine in fact that i buy too which is good so actually for me knowing what i like to invest in my individual stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a little bit more um of the type of main food business and you have actually got you know pharmaceutical and production business as that. What Is Your Occupation Etoro.
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