On this post you’ll find the answer to Bugmenot Etoro….Questions that i speak with new investors what if you’re brand new to investing you just don’t want to choose what you actually wish to invest and you desire someone to do it for you there’s only a number of ways that that can take place the first off you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that perhaps a couple of percent of your earnings will go to them the other thing is obviously you can buy mutual funds specific funds are created 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 as well now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which obviously cfds are ways 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 don’t simply presume because i utilize it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that choice also so you really get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you select to in this specific video we’re discussing how to copy other individuals’s investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something since that person has stated they’ve made revenue 14 months in a row invest in these options due to the fact that you think is the ideal ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one element that is probably.
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well-known for it’s the alternative to see what other traders are doing unbelievable we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that suggests with our cash we can in fact say i want to do precisely what that trader is doing or match that precise portfolio of alternatives and generally whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests if for instance 10 of their financial 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 truly important you understand what are the expenses of this now with any platform there will be some cost to clearly these are real 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 absolutely no charge sites then might not charge you for in fact buying and selling etfs or funds individual 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 costs 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 understand before you really begin investing in copy trading or copy portfolios and lastly some finest recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced investor so let’s kick off with fees truly crucial to understand 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 nevertheless there are a number of other costs the first one is withdrawal fees so you can certainly put money in now if you’re 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 but when you want to withdraw your money so you sell your shares you offer your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you may say okay that’s quite costly and i get that however it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those alternatives that they have a lot of platforms clearly are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year when every six months you know depends entirely how you’re investing however that is a charge to bear in mind the 2nd fee that i have actually touched upon is that conversion charge now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyhow 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 utilize anybody so if you’re utilizing trading 2 and 2 open market anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you sort of have to accept you understand if you want to utilize their platform go from uk to us then that conversion fee is there 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 provide me us dollars rather you need to pay their fees now the terrific feature of though when you’ve converted your cash you do not have to invest it right away 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 purchase or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly good utilizing that part of their website won’t certainly restrict you in any way however we have to know two other costs the first being what’s called spread costs 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 difference that belongs to the investment platform between the buy cost and the price okay 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 in fact implies that when you want to sell or buy as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase than it is to offer so they’re going to give you less back with your sale and you say alright well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread fees it’s usually extremely small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a bit cash now the last accomplishment is called an
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overnight cost now this is truly crucial if you’re actually utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy offer deal in the very same day alright there’s then an over night charge charged or even if you go from the friday to the monday before cruising a weekend fee 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 means you’re in fact buying the specific asset instead of utilizing take advantage of anyhow you will not get hit with these fees but these fees are if you’re using utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the same day so let’s state if you enter into the assistance section this isn’t the overnight charges information 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 only applies as i said to cfds there are some additional charges obviously depending upon what you are investing in also this is on your own so keep that in mind but complete charges are completely within their help information fine and we talked about as well as totally free to deposit in however there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds typical commodity stock shares everything there’s that five dollar withdrawal charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy functions they do not have any additional costs on top of the regular charges that
exist now what you require to remember though is these potentially handled by other individuals completely or in some cases have actually created portfolios you have actually got a genuine individual 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 possessions so we definitely need to ensure it’s the right person for us before we copy them so the first things i would call it if you do want to use this function we’ve got a couple of various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest genuine money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can essentially have this virtual portfolio mimic as if you are using your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a fantastic alternative for you again to check the theories all right you might wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe have fun with it undoubtedly you may have missed out on gains and losses during that time obviously if you had invested your genuine money it permits you to construct self-confidence understand 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 really how to copy people and copy portfolios now here’s something to remember prior to you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i suggest by that obviously 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 suggests am i okay with possibly losing a good amount of this financial investment or gaining as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money but that equally means they’ll lose at some point in their journey clearly individuals do generate income also and i have actually got videos all about how you can make sure you’re one of individuals to in fact make money but in this scenario make sure you research study your threat level would you be all right offering your money to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re purchasing fully if you’re someone who isn’t wishing to be that dangerous don’t choose someone who’s completely into crypto or currency conversion consider it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too truly easily over here you can copy individuals now it will give you a lot of choices and you can utilize the system to really search for someone that you elegant really following so let’s see perhaps we want someone from unified kingdom um who invests in let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can find everyone who has actually met that requirements and it does provide you a risk aspect too 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 people that have rather high returns
remember it resembles anything to do with the news or forecasts 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 ensure 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 verify are you okay 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 go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s great to understand ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is good so really for me knowing what i like to buy my private stocks and shares she would resonate with me she’s got a good spread in tech business that appears to be what she chooses she’s also got a little bit more um of the type of primary food business and you have actually got you understand pharmaceutical and production business as that. Bugmenot Etoro.
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