We get htis a lot on our site the answer to Why Can’t Open Copy Trades Etoro….Questions that i speak with new financiers what if you’re brand new to investing you simply do not want to decide what you actually want to invest and you want someone to do it for you there’s just a couple of manner ins which that can happen the firstly you can employ an investment portfolio supervisor they’ll generally charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is obviously you can purchase mutual funds specific funds are produced 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 an overall please remember this platform is rather innovative you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not simply presume due to the fact that i utilize it that you can use it right now do some due diligence have a little play around with it even invest with virtual cash they consider that choice as well so you really 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 obviously your capital is at threat this is investing we’re doing you’re purchasing real companies if you choose to in this specific video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not simply do something because that individual has actually stated they’ve made earnings 14 months in a row invest in these options because you believe is the best ones for you and that being stated let’s dive directly 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 aspect that is probably.
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famous for it’s the option to see what other traders are doing amazing we do not normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our money we can in fact state i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money will be mimicked with it so that indicates if for example 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 fees involved actually vital you understand what are the costs of this now with any platform there will be some cost to undoubtedly 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 a few of the absolutely no fee sites then might not charge you for in fact buying and selling etfs or funds individual commodities specific 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 reveal you the fees with in particular in this video the next would be things to understand prior to you actually begin investing in copy trading or copy portfolios and lastly some best suggestions finest practices if you are considering this as a tool whether you begin your journey or your advanced financier so let’s kick off with charges actually important to comprehend these now on there’s a couple of charges there isn’t costs to do with actually buying and selling fine so commission charges are free nevertheless there are a couple of other costs the first one is withdrawal costs so you can clearly put cash in now if you remain in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that in the future but when you wish to withdraw your money so you sell your shares you sell your commodities whatever you’re selling the minimum amount 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 ensure that i’m just withdrawing when i absolutely need to now you might state all right that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just among those choices that they have a lot of platforms undoubtedly 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 6 months you understand depends entirely how you’re investing however that is a charge to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an option to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have i suppose stuck to whatever cost they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they really giving you in terms of 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 say give me us dollars rather you have to pay their costs now the terrific aspect of though when you have actually converted your money you do not need to invest it right away that dollar worth can sit in your portfolio as money dollars for as long as you like so that implies the initial day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s really excellent using that part of their website won’t certainly limit you in any way however we have 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 indicate on now a spread cost as i’m going to show you
on is essentially the distinction that is part of the financial investment platform in between the buy rate and the sale price alright it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that actually indicates that when you wish to sell or purchase as you can see it’s not the price you’re seeing up here let me show you that once again so the present price of tesla is the value of a share what’s called spread charges 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 make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more costly to purchase than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it and that is how they make a bit of money on those spread fees it’s generally extremely small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last task is called an
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overnight fee now this is truly essential if you’re actually using cfds yourself as well an overnight cost is when you’re refraining from doing that buy offer deal in the exact same day alright there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge 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 implies you’re in fact purchasing the precise asset rather than utilizing leverage anyway you won’t get hit with these charges however these fees 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 state if you go into the assistance area this isn’t the over night charges information 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 which only uses as i said to cfds there are some surcharges obviously depending upon what you are buying as well this is on your own so keep that in mind but full fees are completely within their assistance information all right and we talked about as well as complimentary to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 various ways of really utilizing these copy operates they don’t have any extra costs on top of the typical charges that
exist now what you need to bear in mind though is these possibly managed by other people entirely or in some cases have actually developed portfolios you’ve got a real individual doing the management you have to ensure you choose the individual that’s right for you just like any type of work this is your financial properties so we definitely need to make certain it’s the ideal person for us before 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 to start with if you’re brand new to investing i want to draw your attention to this within you have the option to invest genuine 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 cash that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio imitate as if you are using your own money however actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money perhaps this is an excellent option for you again to check the theories all right you may wish to purchase tesla or apple or this etf why not use the virtual alternative as a method to kind of safe play with it certainly you might have missed out on gains and losses during that time of course if you had actually invested your real cash it allows you to construct confidence understand 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 actually how to copy people and copy portfolios now here’s something to remember before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate 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 risk simply indicates am i alright with potentially losing a good amount of this investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose cash that’s why they make the statistic 75 people will lose cash but that similarly indicates they’ll lose at some point in their journey clearly individuals do make money also and i have actually got videos all about how you can make sure you are among individuals to in fact generate income however in this circumstance make certain you research study your danger level would you be all right providing your money to someone else which is effectively what you’re doing and trusting them make sure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous don’t pick someone who’s completely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you may 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 actually easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really look for somebody that you fancy actually following so let’s see maybe we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can find everybody who has satisfied that criteria and it does offer you a danger factor too 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 rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other 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 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 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 understand ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me knowing what i like to purchase my specific 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 likewise 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. Why Can’t Open Copy Trades Etoro.
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