On this post you’ll find the answer to Are Etoro Fees High….Concerns that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you in fact wish to invest and you want somebody to do it for you there’s only a number of ways that that can happen the to start with you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds specific funds are produced 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 also now if you’re brand new to an overall please remember this platform is quite sophisticated you can do cfds which obviously cfds are methods of investing
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with not actually having the full amount of capital so with anything that you’re learning more about please do study the platform do not simply presume since i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that option too so you actually get utilized 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 danger this is investing we’re doing you’re purchasing genuine companies if you select to in this specific video we’re talking about how to copy other people’s financial investments with your cash so clearly your capital is at danger and we need to bear that in mind do not just do something because that person has actually said they’ve made profit 14 months in a row buy these options since you think is the ideal ones for you and that being stated let’s dive directly 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 aspect that is most likely.
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popular for it’s the choice to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really state i want to do exactly what that trader is doing or match that precise portfolio of options and generally every time they make a trade they buy they sell whatever they do your cash will be imitated with it so that means if for example 10 of their 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 included really vital you comprehend what are the costs of this now with any platform there will be some cost to clearly these are genuine business 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 zero cost sites then might not charge you for actually buying and selling funds or etfs private products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you actually begin investing in copy trading or copy portfolios and lastly some best guidance finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs actually essential to understand these now on there’s a number of costs there isn’t charges to do with in fact buying and selling okay so commission fees are free however there are a couple of other costs the very first one is withdrawal costs so you can obviously put money in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later but when you wish to withdraw your cash so you offer your shares you offer your products 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 of course understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you might state alright that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge costs somewhere and withdrawal costs are simply one of those choices that they have a lot of platforms clearly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year as soon as every 6 months you understand depends completely how you’re investing however that is a cost to remember the 2nd fee that i have actually discussed is that conversion fee now with you’re handling us dollars only there’s not an alternative to buy in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and two free trade anyone at all this is standard they have actually i expect stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you wish to utilize their platform go from uk to us then that conversion charge exists what are they actually giving 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 rather you have to pay their charges now the excellent aspect of however when you’ve converted your money you do not have 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 happens now with copy trading and copy portfolios there aren’t any extra fees so that’s really great using that part of their site won’t definitely restrict you in any way however we have to know 2 other costs the first being what’s called spread fees all right and i’m going to show you what i imply on now a spread fee as i’m going to reveal you
on is essentially the distinction that is part of the financial investment platform in between the buy cost and the list price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that really means that when you wish to offer or buy as you can see it’s not the price you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread fees is the difference then really to buy that share on the platform and you’ll discover this all over this is another manner in which they make a small amount of make money from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more expensive to purchase than it is to sell so they’re going to provide you less back with your sale and you state okay well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference between if you’re buying it then you want to offer it which is how they make a bit of money on those spread fees it’s normally exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment company will once again make a bit cash now the last feat is called an
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over night fee now this is actually important if you’re in fact utilizing cfds yourself as well an over night cost is when you’re not doing that buy sell transaction in the exact same day all right there’s then an over night charge charged or even if you go from the friday to the monday prior to cruising a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which suggests you’re actually purchasing the specific property rather than utilizing take advantage of anyhow you will not get hit with these fees but these charges are if you’re using utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the exact same day so let’s say if you enter into the aid section this isn’t the over night charges info 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 which just applies as i said to cfds there are some added fees naturally depending on what you are investing in as well this is on your own so keep that in mind however full fees are totally within their aid information all right and we spoke about in addition to complimentary to deposit in but there’s a 5 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 fee now another thing to call it as i’ve stated copy trading and copy portfolios are two various ways of really using these copy works they do not have any additional charges on top of the typical charges that
exist now what you need to remember though is these possibly managed by other individuals entirely or often have actually produced portfolios you have actually got a genuine individual doing the management you need to ensure you select the person that’s right for you just like any line of work this is your financial assets so we definitely need to make certain it’s the best 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 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 choice to invest real cash or a virtual platform virtual methods i think 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 basically have this virtual portfolio imitate as if you are using your own money however really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is a great alternative for you once again to evaluate the theories okay you may want to buy tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it obviously you may have lost out on gains and losses throughout that time naturally if you had actually invested your real cash it permits you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger profile is now what do i mean by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of just suggests am i okay with potentially losing a great quantity of this investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money but that equally means they’ll lose eventually in their journey clearly individuals do make money also and i have actually got videos all about how you can make certain you are among the people to in fact generate income however in this situation ensure you research your risk level would you be fine offering your money to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s entirely into crypto or currency conversion think about it you ‘d most likely want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may 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 actually utilize this too actually easily over here you can copy individuals now it will give you a lot of options and you can utilize the system to really search for someone that you expensive really following so let’s see perhaps we want somebody from united kingdom um who purchases let’s see who does etfs they’ve gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has met that requirements and it does offer you a danger aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody 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 easy as clicking the copy button and off you go and after that you know ask you to verify are you alright with this and off you go now another way to in fact deep dive if we click on this person for instance ruby mza as an example you can in fact 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 little bit so that’s good to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Are Etoro Fees High.
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