Canopy Etoro – FAQ

On this post you’ll find the answer to Canopy Etoro….Concerns that i speak with new financiers what if you’re brand new to investing you simply do not wish to decide what you in fact want to invest and you desire somebody to do it for you there’s only a couple of manner ins which that can take place the first off you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds particular funds are produced 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 too now if you’re brand new to an overall please keep in mind this platform is rather innovative you can do cfds which of course cfds are ways of investing

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with not in fact having the full amount of capital so with anything that you’re learning about please do study the platform don’t simply presume since i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that option too so you really get used to the structure of the website and then when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you select to in this specific video we’re discussing how to copy other people’s financial investments with your money so obviously your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they have actually made revenue 14 months in a row invest in these choices because you believe is the right ones for you and that being said 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 alternative to see what other traders are doing amazing we do not normally get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means 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 also cover is the charges involved really important you understand what are the costs of this now with any platform there will be some cost to clearly these are real companies 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 fee websites then might not charge you for actually 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 altering from uk to u.s dollars there’s all sort of charges 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 prior to you actually begin purchasing copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with costs 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 fees are free however there are a number of other charges the very first one is withdrawal fees 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 instantly converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash 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 obviously knowing that i’m going to make certain that i’m just withdrawing when i absolutely need to now you may state alright that’s rather pricey and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are simply one of those alternatives that they have a lot of platforms obviously are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you understand depends completely how you’re investing however that is a cost to keep in mind the second fee that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to buy in euros or uk which’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 good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading 2 and two open market anybody this is basic they have i expect stuck with whatever cost they charge for that conversion rate you kind of have to accept you understand if you wish to use their platform go from uk to us then that conversion charge 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 haggle with them you can’t go to the bank and say offer me us dollars rather you need to pay their charges now the terrific thing about though when you’ve converted your cash you do not need to invest it right away that dollar value can sit in your portfolio as cash 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 happens now with copy trading and copy portfolios there aren’t any extra fees so that’s really great utilizing that part of their site will not definitely limit you in any way however we have to know two other costs the first being what’s called spread fees alright and i’m going to show you what i imply on now a spread cost as i’m going to reveal you

on is essentially the difference that is part of the investment platform between the buy cost and the list price all right 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 worth 599 per share in tesla that actually suggests that when you want to purchase or sell as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the present price of tesla is the value of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind obviously it’s more pricey to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen 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 want to sell it which is how they make a bit of money on those spread costs it’s generally incredibly little it could be a matter of pens matter of cents in there but that’s one place every investment company will once again make a bit money now the last feat is called an

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over night fee now this is actually important if you’re in fact using cfds yourself also an over night cost is when you’re refraining from doing that buy offer transaction in the same day fine there’s then an overnight fee charged and even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and using time one utilize which indicates you’re in fact purchasing the precise possession instead of using leverage anyway you will not get hit with these charges however these fees are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the very same day so let’s say if you go into the help section this isn’t the over night costs 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 only applies as i stated to cfds there are some additional charges of course depending upon what you are purchasing as well this is on your own so keep that in mind but full charges are totally within their assistance details alright and we talked about as well as totally free to deposit in but 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 five dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they don’t have any additional costs on top of the typical fees that

exist now what you require to remember though is these potentially handled by other people entirely or often have produced portfolios you’ve got a genuine person doing the management you need to ensure you pick the person that’s right for you much like any type of work this is your financial assets so we definitely require to make sure it’s the best 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 different choices 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 cash that you’re investing you won’t need to put in your credit card information or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money but really 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 great choice for you again to check the theories fine you may 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 certainly you might have missed out on gains and losses throughout that time obviously if you had actually invested your genuine cash it allows you to construct self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine 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 choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i mean by that obviously for me i’m investing long term and they tend to say the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i alright with potentially losing an excellent amount of this financial investment or acquiring as

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well now keep in mind whatever is downs and ups you will earn money you’ll lose cash that’s why they make the statistic 75 individuals will lose money but that equally implies they’ll lose eventually in their journey certainly individuals do earn money also and i’ve got videos all about how you can ensure you’re one of individuals to really earn money however in this scenario make certain you research study your danger level would you be okay providing your cash to somebody 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 wishing to be that dangerous don’t select someone who’s entirely into crypto or currency conversion think of 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 desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really utilize this too really quickly over here you can copy people now it will provide you a lot of choices and you can use the system to in fact look for somebody that you elegant really following so let’s see perhaps we want somebody from unified kingdom um who invests in let’s see who does etfs they have actually gotten at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has fulfilled that criteria and it does give you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now clearly there are a number of individuals that have rather high returns

keep in mind it resembles anything to do with the news or forecasts of the future this does not suggest someone will make 56 for you for the next 12 months they might make four or minus 50 there’s no other way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you fine with this and off you go now another way to really deep dive if we click on this person for instance ruby mza as an example you can in fact deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to know ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got some of mine really that i invest in too which is good so actually for me understanding what i like to buy my specific stocks and shares she would resonate with me she’s got an excellent spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food business and you’ve got you understand pharmaceutical and production business as that. Canopy Etoro.

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