On this post you’ll find the answer to Can I Trade Penny Stocks On Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you just don’t wish to decide what you really wish 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 hire a financial investment portfolio manager they’ll usually charge a rather a high premium to do that maybe one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific 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 a total please bear in mind this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just presume because i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual cash they consider that option also so you in fact get used to the structure of the website and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing genuine business if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something because that person has said they have actually made profit 14 months in a row purchase these options because you believe is the right ones for you which 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’s part of social trading which is one element that is most likely.
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well-known for it’s the alternative to see what other traders are doing amazing we don’t usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that suggests with our cash we can actually state i want to do precisely what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they sell whatever they do your cash will be imitated 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 charges included actually important you comprehend what are the expenses of this now with any platform there will be some expense 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 some of the absolutely no cost websites then might not charge you for actually buying and selling etfs or funds individual products specific 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 kinds of costs associated so do your due diligence and i’m going to show you the fees with in particular in this video the next would be things to know prior to you actually begin investing in copy trading or copy portfolios and finally some best advice finest practices if you are thinking about this as a tool whether you begin your journey or your advanced financier so let’s start with charges actually essential to comprehend these now on there’s a couple of fees there isn’t costs to do with in fact buying and selling fine so commission charges are totally free however there are a couple of other charges the first one is withdrawal costs so you can certainly 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 on however when you want to withdraw your money so you offer your shares you offer your products 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 naturally understanding that i’m going to ensure that i’m just withdrawing when i absolutely need to now you may state fine that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge costs somewhere and withdrawal costs are just among those choices that they have a lot of platforms obviously are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year as soon as every 6 months you understand depends completely how you’re investing however that is a cost to keep in mind the 2nd charge that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’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 or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two open market anyone at all this is basic they have actually i suppose stuck to whatever charge 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 exists what are they in fact giving 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 state offer me us dollars rather you need to pay their charges now the excellent aspect of however when you have actually converted your money you do not need to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that indicates 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 additional charges so that’s really excellent utilizing that part of their site won’t definitely limit you in any way however we have to know 2 other costs the very first being what’s called spread fees all right and i’m going to reveal you what i imply on now a spread cost as i’m going to show you
on is basically the distinction that belongs to the investment platform between the buy cost and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really suggests that when you wish to purchase or sell as you can see it’s not the rate you’re seeing up here let me reveal you that again so the current 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 find this all over this is another manner in which they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to buy than it is to offer so they’re going to provide you less back with your sale and you say all right well why does that happen 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 wish to sell it and that is how they make a little bit of cash on those spread charges it’s typically incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment company will again make a little bit cash now the last accomplishment is called an
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over night fee now this is really important if you’re really using cfds yourself too an over night charge is when you’re not doing that buy sell transaction in the very same day okay there’s then an overnight cost charged or even if you go from the friday to the monday before sailing a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the product and utilizing time one take advantage of which means you’re actually purchasing the specific asset rather than utilizing utilize anyway you won’t get hit with these costs however these costs are if you’re utilizing leverage and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the assistance area this isn’t the overnight costs information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that just applies as i stated to cfds there are some surcharges of course depending on what you are investing in also this is on your own so keep that in mind but complete fees are totally within their assistance info alright and we talked about in addition to free 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 whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of actually utilizing these copy works they do not have any additional charges on top of the typical costs that
are there now what you require to bear in mind though is these possibly managed by other individuals totally or sometimes have created portfolios you’ve got a genuine person doing the management you need to ensure you choose the individual that’s right for you much like any kind of work this is your financial possessions so we definitely need to ensure it’s the right 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 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 information or anything you can essentially have this virtual portfolio simulate as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfy with utilizing your genuine cash possibly this is a fantastic option for you once again to evaluate the theories okay you may wish to buy tesla or apple or this etf why not use the virtual choice as a way to sort of safe play with it clearly you may have lost out on gains and losses during that time naturally if you had actually invested your genuine cash it permits you to construct 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 actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to 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 undoubtedly for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be risk just suggests am i alright with potentially losing a great quantity of this investment or getting as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally means they’ll lose at some time in their journey undoubtedly people do earn money too and i have actually got videos all about how you can make sure you’re one of individuals to in fact generate income however in this situation make certain you research study your risk level would you be alright providing your money to someone else which is efficiently what you’re doing and trusting them ensure you understand what they’re buying fully if you’re somebody who isn’t wishing to be that risky don’t choose someone who’s entirely into crypto or currency conversion think about it you ‘d most likely desire a foundation of strong products
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like gold and even oil plus more traditional 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 use this too really easily over here you can copy people now it will give you a lot of choices and you can utilize the system to in fact search for somebody that you fancy really following so let’s see perhaps we want someone from united kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has actually fulfilled that requirements and it does give you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have quite high returns
keep 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 might make four or minus 50 there’s no other way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to confirm 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 really 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 certainly like type of into those blue box and the tech industry she’s got some of mine really that i purchase too which is excellent so in fact for me understanding what i like to purchase my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a little bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Can I Trade Penny Stocks On Etoro.
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