We get htis a lot on our site the answer to Working With Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not wish to choose what you actually want to invest and you want someone to do it for you there’s only a couple of ways that that can occur the firstly you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is of course you can buy mutual funds particular funds are created once 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 too now if you’re brand new to an overall please remember this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform do not just assume due to the fact that i use it that you can utilize it right now do some due diligence have a little play around with it even invest with virtual money they consider that choice also so you in fact get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re buying 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 undoubtedly your capital is at risk and we have to bear that in mind do not just do something because that person has 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 stated 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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well-known for it’s the alternative to see what other traders are doing unbelievable 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 cash we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of choices and generally each time they make a trade they buy they offer whatever they do your money will be simulated 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 money in so we’re going to also cover is the costs involved really critical you comprehend what are the expenses of this now with any platform there will be some expense to clearly 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 a few of the absolutely no cost sites then may not charge you for really buying and selling etfs or funds private commodities individual stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the costs 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 finally some finest guidance best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with costs really important to understand these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission costs are totally free nevertheless there are a couple of other costs the very 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 wish to withdraw your money so you sell your shares you sell your commodities whatever you’re selling 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 sure that i’m just withdrawing when i definitely require to now you may say fine that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal costs are simply among those choices that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a fee to keep in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re dealing in us dollars just there’s not a choice 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 great 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 open market anybody this is basic they have i suppose stuck to whatever charge they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion cost 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 haggle with them you can’t go to the bank and state offer me us dollars rather you need to pay their costs now the great aspect of though when you’ve converted your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s really excellent utilizing that part of their website will not definitely restrict you in any way nevertheless we have to know 2 other costs the very first being what’s called spread fees all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is generally the difference that becomes part of the investment platform between the buy rate and the price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually implies that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the difference then really to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of make money from you each time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you state all right well why does that happen 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 want to sell it which is how they make a bit of cash on those spread costs it’s normally incredibly small it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit cash now the last accomplishment is called an
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overnight cost now this is really important if you’re really using cfds yourself also an overnight charge is when you’re refraining from doing that buy sell transaction in the exact same day alright there’s then an overnight fee charged and even if you go from the friday to the monday prior to sailing a weekend charge 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 means you’re in fact purchasing the precise asset rather than utilizing leverage anyway you won’t get hit with these charges however these charges are if you’re utilizing take advantage of and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you go into the aid area this isn’t the overnight charges details you can see exactly the breakdown and it’ll inform 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 applies as i said to cfds there are some service charges obviously depending upon what you are investing in as well this is on your own so keep that in mind however full charges are completely within their aid info fine and we discussed as well as totally free to deposit in however there’s a five dollar charge if you want 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’ve stated copy trading and copy portfolios are two different methods of in fact utilizing these copy operates they do not have any extra charges on top of the normal costs that
are there now what you require to remember though is these possibly managed by other individuals entirely or sometimes have actually developed portfolios you have actually got a real person doing the management you need to make certain you choose the person that’s right for you just like any type of work this is your monetary properties so we definitely need to make certain it’s the right individual 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 number 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 option to invest real cash or a virtual platform virtual methods i believe 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 details or anything you can generally have this virtual portfolio simulate as if you are utilizing your own money but actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a great option for you again to test the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual option as a way to sort of safe have fun with it obviously you may have missed out on gains and losses during that time naturally if you had invested your real money it allows you to develop self-confidence comprehend the platform so that’s one choice 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 bear in mind before you choose someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your threat 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 run the risk of simply means am i all right with possibly losing an excellent quantity of this financial investment or gaining as
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well now keep in mind everything is ups and downs you will make money you’ll lose cash that’s why they make the figure 75 people will lose cash however that similarly suggests they’ll lose eventually in their journey undoubtedly individuals do earn money as well and i have actually got videos all about how you can ensure you’re one of the people to actually earn money but in this situation make certain you research your risk level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them make sure you understand what they’re buying totally if you’re somebody who isn’t wishing to be that risky do not pick someone who’s completely into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too truly easily over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to really look for somebody that you expensive actually following so let’s see maybe we want someone from unified kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can discover everybody who has satisfied that criteria and it does offer you a threat factor as well so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number 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 mean 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 then you know ask you to confirm are you fine with this and off you go now another method to actually 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 buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s certainly like kind of into those blue box and the tech industry she’s got a few of mine really that i purchase too which is good so actually for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the sort of primary food business and you have actually got you know pharmaceutical and production business as that. Working With Etoro.
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