On this post you’ll find the answer to Are Etoro Safe….Concerns that i speak with brand-new financiers what if you’re brand new to investing you simply don’t want to choose what you really wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can take place the firstly you can employ an investment portfolio manager they’ll generally charge a rather a high premium to do that possibly 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 as well now if you’re brand new to an overall please remember this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume since i utilize it that you can utilize it right away do some due diligence have a little experiment 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 utilize 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 business if you pick to in this particular video we’re talking about how to copy other people’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not just do something since that individual has said they’ve made earnings 14 months in a row invest in these choices because you believe 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 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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famous for it’s the choice to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our cash we can actually say i wish to do exactly what that trader is doing or match that precise portfolio of choices and basically every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies 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 likewise cover is the fees involved truly critical you comprehend what are the expenses of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even a few of the zero fee websites then may not charge you for in fact buying and selling etfs or funds individual commodities individual stocks.
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there’ll be charges on other parts perhaps 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 costs with in particular in this video the next would be things to know before you in fact start purchasing copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with charges truly important to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling okay so commission fees are complimentary however there are a number of other charges the very first one is withdrawal costs so you can undoubtedly put money in now if you’re 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 cash so you offer 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 of course knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say alright that’s rather expensive and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply among those alternatives that they have a lot of platforms undoubtedly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you understand depends completely how you’re investing however that is a charge to bear in mind the 2nd cost that i have actually discussed is that conversion cost now with you’re handling us dollars just there’s not a choice to purchase 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 buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anyone so if you’re utilizing trading two and 2 free trade anybody this is standard they have i suppose stuck to whatever charge they charge for that conversion rate you sort of need to accept you understand if you want to utilize their platform go from uk to us then that conversion charge 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 provide me us dollars rather you need to pay their costs now the excellent aspect of though when you’ve converted your money you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or transform 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 actually excellent utilizing that part of their website will not certainly limit you in any way nevertheless we have to understand two other charges the first being what’s called spread costs all right and i’m going to reveal you what i imply on now a spread fee as i’m going to show you
on is generally the difference that becomes part of the investment platform in between the buy price and the price fine it’s their premium on doing both those two 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 means that when you want to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing price of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state okay well why does that happen it just does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it which is how they make a bit of cash on those spread fees it’s normally exceptionally small 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 bit money now the last accomplishment is called an
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over night fee now this is actually important if you’re in fact using cfds yourself also an overnight fee is when you’re refraining from doing that buy sell deal in the same day fine 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 just applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one leverage which implies you’re in fact purchasing the precise possession instead of utilizing take advantage of anyway you won’t get hit with these fees however these fees are if you’re using utilize and cfds and then 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 help area this isn’t the overnight costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that only applies as i said to cfds there are some added fees obviously depending upon what you are buying also this is on your own so keep that in mind however complete fees are completely within their assistance info okay and we discussed in addition to 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 everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually utilizing these copy functions they don’t have any extra costs on top of the normal fees that
exist now what you need to keep in mind though is these possibly managed by other individuals entirely or often have actually created portfolios you’ve got a real person doing the management you need to ensure you pick the individual that’s right for you similar to any line of work this is your monetary assets so we absolutely require to ensure it’s the best person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different options for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a great alternative for you once again to evaluate the theories all right you might wish to purchase tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it clearly you may have missed out on gains and losses during that time obviously if you had actually invested your real cash it permits you to construct confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals 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 make sure you comprehend what your threat profile is now what do i mean by that certainly 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 suggests am i okay with potentially losing a good amount of this financial investment or gaining as
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well now remember everything is downs and ups you will earn money you’ll lose cash that’s why they make the figure 75 individuals will lose cash however that equally means they’ll lose eventually in their journey undoubtedly individuals do generate income as well and i have actually got videos everything about how you can ensure you are among individuals to actually generate income but in this circumstance ensure you research study your threat level would you be alright giving your money to another person which is successfully what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wishing to be that risky do not pick 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 exact same with who you’re following now as i say you can in fact utilize this too actually quickly over here you can copy people now it will offer you a lot of options and you can utilize the system to actually search for somebody that you elegant actually following so let’s see maybe we want somebody from unified kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has actually met that criteria and it does provide you a danger factor too so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns
remember it resembles anything to do with the news or predictions 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 chance to ensure 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 confirm are you all right with this and off you go now another method to really deep dive if we click on this person for example ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i invest in too which is excellent so actually for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a bit more um of the type of main food companies and you have actually got you know pharmaceutical and production companies as that. Are Etoro Safe.
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