On this post you’ll find the answer to Can You Use Scans On Etoro….Questions that i hear from new investors what if you’re brand new to investing you merely don’t wish to choose what you really wish to invest and you desire somebody to do it for you there’s just a number of ways that that can occur the first of all you can work with an investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is of course you can buy mutual funds particular funds are developed 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 quite advanced you can do cfds which obviously 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 about please do study the platform don’t simply assume since i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that alternative too so you in fact get used 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 threat this is investing we’re doing you’re purchasing real companies if you pick to in this particular video we’re discussing how to copy other people’s investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that individual has actually said they have actually made revenue 14 months in a row invest in these choices because you think is the right ones for you which being stated let’s dive directly in [Music] so the important 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 choice to see what other traders are doing extraordinary we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that suggests with our cash we can actually say i wish to do exactly what that trader is doing or match that specific portfolio of alternatives and essentially every time they make a trade they buy they sell whatever they do your cash will be mimicked with it so that indicates if for example 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 also cover is the fees involved actually important you understand 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 buying the selling for you there’s going to be charges included and even a few of the absolutely no cost websites then may not charge you for actually buying and selling etfs or funds specific commodities private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to know before you actually start buying copy trading or copy portfolios and lastly some best guidance best practices if you are thinking of this as a tool whether you begin your journey or your advanced financier so let’s kick off with fees actually essential to understand these now on there’s a number of charges there isn’t charges to do with in fact buying and selling all right so commission charges are free however there are a number of other fees the very first one is withdrawal fees so you can certainly 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 in the future but when you want to withdraw your money so you offer your shares you offer your commodities 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 ensure that i’m only withdrawing when i absolutely need to now you may say okay that’s rather costly and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are simply among those options 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 largely it can be perhaps even once a year when every six months you understand depends totally how you’re investing however that is a cost to bear in mind the 2nd cost that i’ve touched upon is that conversion cost 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 anyway 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 using trading 2 and 2 open market anybody this is basic they have actually i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you understand if you want to utilize their platform go from uk to us then that conversion charge is there what are they really giving 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 give me us dollars instead you need to pay their costs now the great feature of though when you have actually transformed your money you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that suggests the initial day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent using that part of their website will not certainly limit you in any way however we need to know two other costs the very first being what’s called spread charges alright and i’m going to show you what i suggest on now a spread fee as i’m going to reveal you
on is essentially the difference that belongs to the financial investment platform between the buy price and the price alright it’s their premium on doing both those 2 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 indicates that when you want to buy or offer as you can see it’s not the price you’re seeing up here let me show you that again so the existing price of tesla is the worth of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that occur 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 sell it and that is how they make a bit of cash on those spread out costs it’s usually extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a bit cash now the last feat is called an
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overnight cost now this is actually crucial if you’re in fact utilizing cfds yourself also an overnight cost is when you’re refraining from doing that buy offer deal in the same day fine there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge 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 suggests you’re actually purchasing the specific asset rather than using leverage anyway you won’t get hit with these fees however these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the same day so let’s say if you go into the assistance area this isn’t the over night charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees 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 service charges of course depending on what you are buying also this is on your own so keep that in mind however full charges are completely within their assistance info alright and we spoke about as well as complimentary to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 various ways of in fact utilizing these copy works they do not have any additional costs on top of the normal charges that
exist now what you need to remember though is these potentially handled by other individuals totally or in some cases have actually created portfolios you’ve got a genuine individual doing the management you have to ensure you choose the individual that’s right for you much like any line of work this is your financial properties so we absolutely need to make sure it’s the ideal 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 number of different options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your genuine money possibly this is an excellent option for you again to evaluate the theories fine you may want to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time of course if you had actually invested your genuine cash it permits you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i suggest 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 risk just indicates am i all right with possibly losing an excellent amount of this investment or gaining as
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well now remember whatever is downs and ups you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money however that similarly means they’ll lose at some time in their journey certainly people do earn money as well and i have actually got videos everything about how you can make sure you are among the people to in fact generate income but in this scenario ensure you research your risk level would you be alright providing your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re purchasing completely if you’re someone who isn’t wanting to be that dangerous do not select someone who’s entirely into crypto or currency conversion consider it you ‘d probably desire a foundation of strong products
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can really utilize this too truly easily over here you can copy individuals now it will offer you a lot of options and you can utilize the system to really search for somebody that you expensive really following so let’s see maybe we desire someone from unified kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everyone who has actually fulfilled that criteria and it does provide you a threat aspect also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
keep in mind 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 might make 4 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 after that you know ask you to verify are you alright with this and off you go now another method to in fact deep dive if we click on this person for instance ruby mza as an example you can actually deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i purchase too which is good so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies 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 have actually got you know pharmaceutical and production companies as that. Can You Use Scans On Etoro.
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