We get htis a lot on our site the answer to Why Cant I Copy People Etoro….Concerns that i hear from new investors what if you’re brand new to investing you simply don’t want to decide what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can occur the firstly you can hire an investment portfolio manager they’ll generally charge a rather a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can purchase mutual funds particular funds are created again with an account supervisor 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 keep in mind this platform is rather 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 finding out about please do study the platform don’t just presume because i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they consider that alternative as well so you really get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real business if you select to in this specific video we’re speaking about how to copy other people’s investments with your money so obviously your capital is at threat and we have to bear that in mind do not simply do something because that individual has actually said they’ve made earnings 14 months in a row invest in these options because you think is the ideal ones for you which being said let’s dive straight in [Music] 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 option to see what other traders are doing incredible we do not typically get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your cash will be simulated 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 money in so we’re going to also cover is the fees included really critical you understand what are the costs of this now with any platform there will be some cost 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 actually buying and selling etfs or funds specific products individual stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you in fact begin buying copy trading or copy portfolios and lastly some best guidance 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 costs really important to comprehend these now on there’s a number of charges there isn’t costs to do with really buying and selling fine so commission costs are complimentary however there are a couple of other charges the first one is withdrawal charges so you can undoubtedly put money in now if you remain 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 however when you want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to ensure that i’m just withdrawing when i definitely need to now you may say all right that’s rather pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply one of those choices 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 largely it can be perhaps even once a year when every six months you know depends totally how you’re investing but that is a charge to keep in mind the second fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s great that matches me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re utilizing trading two and 2 open market anybody this is basic they have actually i expect stuck with whatever charge 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 charge exists what are they in fact offering 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 rather you need to pay their fees now the excellent aspect of however when you’ve transformed your money you do not have to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial 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 extra charges so that’s actually excellent using that part of their website won’t definitely restrict you in any way nevertheless we have to understand two other costs the very first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the financial investment platform between the buy cost 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 right now tesla’s dollar worth 599 per share in tesla that in fact indicates that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the present cost of tesla is the worth of a share what’s called spread fees is the difference then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you wish to offer it and that is how they make a little bit of money on those spread costs it’s generally exceptionally small it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a bit cash now the last feat is called an
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overnight fee now this is truly essential if you’re actually utilizing cfds yourself as well an over night charge is when you’re not doing that buy sell transaction in the exact same day all right there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend cost now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which suggests you’re really purchasing the specific property rather than using take advantage of anyway you won’t get hit with these costs however these charges are if you’re using utilize and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s say if you go into the aid section this isn’t the overnight charges details you can see precisely the breakdown and it’ll inform you what are the charges what are the fees then for when you’re doing overnight or you’re doing over weekends which only uses as i stated to cfds there are some additional charges naturally depending on what you are investing in as well this is on your own so keep that in mind but full costs are entirely within their help information fine and we talked about along with complimentary to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of really using these copy functions they don’t have any extra fees on top of the normal charges that
are there now what you require to bear in mind though is these possibly managed by other individuals entirely or often have produced portfolios you’ve got a genuine individual doing the management you have to make sure you choose the individual that’s right for you much like any kind of work this is your monetary properties so we definitely require to make certain it’s the best individual for us prior to we copy them so the first things i would call it if you do want to use this function we’ve got a couple of different options for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways 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 need to put in your charge card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money however really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real cash maybe this is a terrific choice for you once again to evaluate the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to kind of safe play with it clearly you might have missed out on gains and losses throughout that time of course if you had actually invested your real cash it permits you to build confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my genuine 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 choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i indicate by that undoubtedly 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 implies am i alright with possibly losing an excellent quantity of this 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 people will lose money however that equally implies they’ll lose eventually in their journey obviously individuals do generate income too and i’ve got videos all about how you can make certain you are among individuals to really generate income but in this scenario make sure you research study your danger level would you be fine giving your money to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing fully if you’re somebody who isn’t wishing to be that risky do not select someone who’s completely into crypto or currency conversion consider it you ‘d most likely desire a foundation of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact search for someone that you elegant actually following so let’s see perhaps we desire somebody 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 an excellent amount and i can find everybody who has met that criteria and it does give you a risk aspect too 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
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no 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 actually deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she really buying so let’s go 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 know ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine really that i buy too which is excellent so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a bit more um of the kind of main food business and you’ve got you know pharmaceutical and production companies as that. Why Cant I Copy People Etoro.
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