On this post you’ll find the answer to Bnb Etoro….Questions that i speak with brand-new financiers what if you’re brand new to investing you simply do not want to decide what you really want to invest and you want someone to do it for you there’s only a couple of ways that that can take place the first of all you can employ a financial investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly a couple of percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are developed 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 a total please keep in mind this platform is rather advanced 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 about please do study the platform don’t simply assume since i utilize it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they consider that choice also so you really get used to the structure of the site and after that when you’re ready to use your own cash to invest you can do so now i will disclaim of course your capital is at danger this is investing we’re doing you’re buying real business if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something because that individual has actually said they’ve made revenue 14 months in a row purchase these choices since you believe is the best ones for you which 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 alternative to see what other traders are doing amazing we don’t generally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can actually state i want to do precisely what that trader is doing or match that specific portfolio of alternatives and basically each time they make a trade they purchase they offer whatever they do your money will be mimicked with it so that suggests if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise 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 certainly these are genuine 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 zero cost websites then might not charge you for in fact buying and selling etfs or funds private products private stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand prior to you really start investing in copy trading or copy portfolios and lastly some best guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s begin with costs really essential to understand these now on there’s a number of fees there isn’t costs to do with actually buying and selling alright so commission fees are free however there are a number of other charges the first one is withdrawal costs so you can clearly put money in now if you remain in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future however when you wish to withdraw your money so you sell your shares you sell your commodities 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 naturally knowing that i’m going to make sure that i’m only withdrawing when i definitely need to now you may state alright that’s quite 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 one of those alternatives that they have a great deal of platforms obviously are free 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 once every six months you understand depends totally how you’re investing but that is a cost to remember the 2nd cost that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s great that matches me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 open market anyone at all this is standard they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you wish to use their platform go from uk to us then that conversion cost exists what are they in fact providing you in terms of 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 provide me us dollars instead you need to pay their costs now the fantastic thing about though when you’ve transformed your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that means the preliminary 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 charges so that’s truly great using that part of their website will not certainly limit you in any way nevertheless we need to be aware of two other charges the very first being what’s called spread charges fine and i’m going to reveal you what i imply on now a spread charge as i’m going to show you
on is essentially the distinction that is part of the investment platform 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 value 599 per share in tesla that actually 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 reveal you that once again so the existing price of tesla is the value of a share what’s called spread fees is the distinction then really to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to purchase than it is to sell so they’re going to provide you less back with your sale and you say alright well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out charges it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last feat is called an
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over night cost now this is truly crucial if you’re actually utilizing cfds yourself too an over night cost is when you’re refraining from doing that buy sell transaction in the same day okay there’s then an overnight charge charged or even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one leverage which indicates you’re in fact buying the specific property instead of using utilize anyhow you will not get hit with these fees but these fees are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the same day so let’s state if you enter into the help section this isn’t the overnight charges details you can see exactly the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some additional charges obviously depending on what you are investing in as well this is on your own so keep that in mind however complete fees are totally within their aid info all right and we spoke about as well as complimentary to deposit in however there’s a five 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 fee now another thing to call it as i have actually stated copy trading and copy portfolios are two different ways of actually utilizing these copy works they do not have any extra costs on top of the regular charges that
are there now what you need to keep in mind though is these potentially managed by other people completely or sometimes have produced portfolios you have actually got a genuine person doing the management you need to ensure you pick the individual that’s right for you just like any line of work this is your monetary properties so we definitely require to make sure it’s the right 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’ve got a number of various alternatives for us firstly 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 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 details 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 utilizing your genuine money maybe this is a fantastic choice for you once again to test the theories okay you might want to purchase tesla or apple or this etf why not use the virtual alternative as a way to kind of safe play with it obviously you might have missed out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to build confidence understand 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 people and copy portfolios now here’s something to remember prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you understand what your threat 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 financial investments the riskier you can be run the risk of just indicates am i all right with potentially losing a great quantity of this financial investment or gaining as
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well now remember everything is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 people will lose cash however that equally means they’ll lose at some time in their journey certainly people do earn money as well and i’ve got videos all about how you can make certain you’re one of individuals to really make money but in this scenario ensure you research your risk level would you be fine giving your money to somebody else which is effectively 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 select somebody who’s entirely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong commodities
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like gold or even oil plus more conventional etfs and index funds you may 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 easily over here you can copy individuals now it will offer you a great deal of choices and you can use the system to actually look for someone that you fancy actually following so let’s see possibly we desire somebody from united kingdom um who buys let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually fulfilled that criteria and it does provide you a threat aspect as well so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a variety of individuals that have quite high returns
remember it’s like anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that 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 on this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go 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 definitely like kind 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 purchase my individual stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she chooses she’s also got a bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Bnb Etoro.
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