We get htis a lot on our site the answer to Xyo Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t wish to decide what you really wish to invest and you want somebody to do it for you there’s just a couple of ways that that can take place the to start with you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are produced 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 also now if you’re brand new to an overall please bear in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not actually having the total of capital so with anything that you’re learning about please do study the platform do not simply assume due to the fact that 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 give that alternative too so you really 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 naturally your capital is at threat this is investing we’re doing you’re buying real companies if you pick to in this particular video we’re speaking about how to copy other individuals’s investments with your cash so certainly 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 have actually made revenue 14 months in a row invest in these choices since you believe 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 understanding what is copy trading what are copy portfolios it’s part of social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing extraordinary we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of options and essentially each time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved really critical you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the absolutely no cost sites then might not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you really begin buying copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s begin with costs truly essential to comprehend these now on there’s a couple of fees there isn’t charges to do with actually buying and selling okay so commission charges are totally free however there are a couple of other fees the very first one is withdrawal fees so you can certainly put cash in now if you’re 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 later on however when you wish to withdraw your money so you offer 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 five dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m only withdrawing when i absolutely need to now you may say all right that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those options that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every six months you understand depends completely how you’re investing however that is a fee to keep in mind the second charge that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that fits 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 good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and two free trade anyone at all this is standard they have actually i expect stuck with whatever fee they charge for that conversion rate you type of need to accept you understand if you wish 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 bargain with them you can’t go to the bank and say give me us dollars rather you need to pay their fees now the great feature of though when you have actually converted your money you do not need to invest it right now 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 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 good using that part of their website won’t certainly restrict you in any way nevertheless we have to be aware of two other fees the very first being what’s called spread charges okay and i’m going to show you what i suggest on now a spread charge as i’m going to reveal you
on is generally the difference that becomes part of the financial investment platform in between the buy rate and the sale 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 sell or purchase as you can see it’s not the cost you’re seeing up here let me show you that again so the current cost of tesla is the value 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 everywhere this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you say all right well why does that happen 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 want to sell it which is how they make a little bit of cash on those spread out fees it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will once again make a little bit cash now the last task is called an
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over night fee now this is actually crucial if you’re actually utilizing cfds yourself as well an over night fee is when you’re refraining from doing that buy sell deal in the exact same day alright there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which implies you’re actually buying the precise property instead of utilizing utilize anyhow you won’t get hit with these fees but these fees are if you’re utilizing take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the same day so let’s say if you enter into the aid section 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 costs then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some surcharges obviously depending upon what you are investing in too this is on your own so keep that in mind however complete fees are totally within their aid details fine and we discussed as well as free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different methods of actually using these copy works they do not have any extra charges on top of the normal charges that
are there now what you require to bear in mind though is these potentially handled by other people completely or in some cases have actually created portfolios you have actually got a genuine person doing the management you need to make certain you pick the person that’s right for you just like any profession this is your financial properties so we absolutely need to make sure it’s the ideal person for us prior to 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 choices 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 genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money possibly this is an excellent alternative for you again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe play with it certainly you may have lost out on gains and losses throughout that time of course if you had actually invested your real money it permits 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 in fact how to copy people and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure 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 investments the riskier you can be run the risk of simply means am i okay with potentially losing a good amount of this investment or acquiring 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 fact 75 individuals will lose money but that equally indicates they’ll lose at some time in their journey clearly people do generate income also and i have actually got videos all about how you can make sure you are among the people to really earn money however in this circumstance ensure you research study your threat level would you be fine providing your cash to somebody else which is efficiently what you’re doing and trusting them make certain you comprehend what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous do not select somebody who’s completely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too truly easily over here you can copy people now it will offer you a great deal of options and you can use the system to in fact search for someone that you expensive actually following so let’s see perhaps we want someone from united kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has actually met that criteria and it does offer you a danger element also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you understand ask you to verify are you fine with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she really buying 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 market she’s got a few of mine really that i purchase too which is excellent so in fact for me understanding what i like to invest in my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she prefers she’s likewise got a bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Xyo Etoro.
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