On this post you’ll find the answer to Backtrader Etoro Example….Concerns that i speak with brand-new financiers what if you’re brand new to investing you just don’t wish to decide what you actually wish to invest and you want somebody to do it for you there’s only a couple of manner ins which that can occur the to start with you can employ a financial investment portfolio manager they’ll normally charge a quite a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is obviously you can buy mutual funds particular 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 also now if you’re brand new to a total please remember this platform is rather innovative you can do cfds which of course cfds are methods of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform do not just assume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that option too so you actually get used to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you pick to in this particular video we’re discussing how to copy other individuals’s investments with your cash so clearly your capital is at danger and we have to bear that in mind do not just do something since that individual has stated they’ve made profit 14 months in a row purchase these choices due to the fact that you believe is the right 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 most likely.
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popular for it’s the choice to see what other traders are doing amazing we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they sell whatever they do your money will be simulated with it so that indicates if for instance 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 likewise cover is the fees involved actually vital you comprehend what are the costs of this now with any platform there will be some cost to certainly 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 some of the no cost websites then may not charge you for in fact buying and selling funds or etfs specific commodities private stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees 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 really begin investing in copy trading or copy portfolios and finally some best guidance best practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s start with charges really crucial to understand these now on there’s a couple of fees there isn’t costs to do with actually buying and selling all right so commission costs are free however there are a couple of other fees the first one is withdrawal fees so you can certainly 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 later on however when you wish to withdraw your cash so you sell your shares you offer your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i definitely need to now you might say alright 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 just one of those alternatives that they have a great deal of platforms clearly are complimentary 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 when every 6 months you understand depends completely how you’re investing but that is a cost to remember the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an option to buy in euros or uk and that’s great that matches 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 great with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading two and two open market anybody this is standard they have i expect stuck to whatever fee they charge for that conversion rate you type of need to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really providing 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 state provide me us dollars instead you need to pay their fees now the fantastic thing about though when you have actually transformed your cash you do not need to invest it right away that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates 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 charges so that’s truly good using that part of their site won’t certainly restrict you in any way nevertheless we need to understand two other fees the first being what’s called spread costs fine and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is basically the difference that belongs to the investment platform between the buy price and the list 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 value 599 per share in tesla that really implies that when you want to buy 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 buy that share on the platform and you’ll find this all over this is another way that they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind obviously it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur it simply does that is the nature of a lot 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 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 however that’s one place every investment firm will again make a little bit money now the last task is called an
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over night cost now this is actually important if you’re really utilizing cfds yourself as well an over night fee is when you’re not doing that buy offer deal in the 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 fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which means you’re really purchasing the precise property instead of using utilize anyway you won’t get hit with these fees but these costs are if you’re utilizing take advantage of and cfds and after that you’re going to have these fees if you’re not buy selling in the same day so let’s state if you go into the assistance area this isn’t the over night fees info you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends and that just uses as i said to cfds there are some additional charges obviously depending on what you are purchasing too this is on your own so keep that in mind however full charges are entirely within their help details fine and we talked about as well as totally free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two different ways of really utilizing these copy operates they don’t have any additional costs on top of the regular fees that
exist now what you require to remember though is these possibly managed by other individuals completely or in some cases have actually produced portfolios you have actually got a genuine individual doing the management you have to ensure you pick the person that’s right for you similar to any kind of work this is your financial properties so we definitely require 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 use this function we have actually got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun 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 essentially have this virtual portfolio simulate as if you are utilizing your own money but really buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is an excellent choice for you once again to test the theories okay you might want to buy tesla or apple or this etf why not use the virtual alternative as a method to sort 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 money it enables you to construct confidence understand the platform so that’s one alternative 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 individuals and copy portfolios now here’s something to remember before you pick someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i indicate by that certainly 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 possibly losing an excellent quantity of this investment or getting as
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well now keep in mind everything is downs and ups you will make money you’ll lose money that’s why they make the fact 75 individuals will lose money however that equally suggests they’ll lose at some time in their journey undoubtedly individuals do generate income too and i’ve got videos everything about how you can make sure you are among individuals to in fact earn money however in this circumstance ensure you research study your danger level would you be all right giving your cash to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky do not select somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can in fact utilize this too actually easily over here you can copy individuals now it will provide you a great deal of choices and you can use the system to actually search for somebody that you elegant in fact following so let’s see maybe we want somebody from united kingdom um who buys let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has satisfied that requirements and it does offer you a risk element too so it tends to be the greater 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 forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to validate are you fine with this and off you go now another way to in fact 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 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 certainly like type of into those blue box and the tech market she’s got some of mine really that i buy too which is great so in fact for me understanding what i like to buy my specific 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 likewise got a bit more um of the type of main food business and you’ve got you know pharmaceutical and production companies as that. Backtrader Etoro Example.
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