On this post you’ll find the answer to Can’t Open Position Etoro….Questions that i speak with new financiers what if you’re brand new to investing you simply do not want to choose what you actually want to invest and you want somebody to do it for you there’s just a couple of manner ins which that can happen the first of all you can employ an investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe one or two percent of your earnings will go to them the other thing is of course you can purchase mutual funds particular funds are developed 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 a total please keep in mind this platform is quite innovative you can do cfds which of course cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply assume since i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice as well so you really get utilized to the structure of the site and after that 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 real companies if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so certainly your capital is at danger and we need to bear that in mind do not simply do something since that individual has said they have actually made profit 14 months in a row buy these options because you believe is the best ones for you which 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 probably.
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popular for it’s the alternative to see what other traders are doing incredible we don’t typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our money we can in fact state i wish to do exactly 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 money will be imitated with it so that means if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges involved truly critical you comprehend what are the expenses of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the absolutely no charge sites then might not charge you for actually buying and selling etfs or funds private commodities specific 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 sort of fees 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 understand prior to you in fact start buying copy trading or copy portfolios and lastly some finest guidance best practices if you are thinking of this as a tool whether you start your journey or your advanced investor so let’s kick off with fees truly important to understand these now on there’s a couple of charges there isn’t costs to do with actually buying and selling all right so commission costs are totally free nevertheless there are a couple of other fees the first one is withdrawal costs so you can obviously 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 later on 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 5 dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m just withdrawing when i absolutely require to now you may say all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are just among those choices that they have a great deal of platforms undoubtedly 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 as soon as every 6 months you understand depends completely how you’re investing however that is a fee to keep in mind the second charge that i’ve discussed is that conversion charge now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re using trading 2 and 2 open market anybody this is basic they have actually i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they in fact offering 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 give me us dollars instead you have to pay their charges now the excellent thing about though when you’ve transformed your cash you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that suggests the initial day that you buy or transform your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional charges so that’s really excellent utilizing that part of their website will not definitely restrict you in any way however we have to know 2 other costs the first being what’s called spread fees fine and i’m going to show you what i mean on now a spread charge as i’m going to show you
on is basically the difference that belongs to the financial investment platform in between the buy cost and the price all right 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 indicates that when you want to purchase or offer as you can see it’s not the price 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 costs is the distinction then really to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of profit from you whenever you do a purchaser’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to provide you less back with your sale and you say all right 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 want to offer it and that is how they make a bit of money on those spread costs it’s usually extremely little it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit money now the last task is called an
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overnight fee now this is really important if you’re actually utilizing cfds yourself as well an over night cost is when you’re refraining from doing that buy sell transaction in the exact same day okay there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one utilize which suggests you’re in fact buying the exact property instead of utilizing utilize anyhow you won’t get hit with these costs however these costs are if you’re using utilize and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the help area this isn’t the overnight charges information you can see exactly the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing overnight or you’re doing over weekends and that only uses as i stated to cfds there are some additional charges obviously depending on what you are buying as well this is on your own so keep that in mind however complete costs are totally within their help information all right and we discussed along with totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various methods of really utilizing these copy functions they do not have any extra fees on top of the typical costs that
exist now what you need to keep in mind though is these potentially managed by other people completely or in some cases have actually created portfolios you have actually got a real person doing the management you have to ensure you select the individual that’s right for you just like any type of work this is your monetary possessions so we absolutely require to make certain it’s the right individual for us prior to 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 various options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the option to invest genuine cash 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 basically have this virtual portfolio mimic as if you are utilizing your own money however in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your real money perhaps this is an excellent alternative for you once again to check the theories alright you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to kind of safe have fun with it obviously you might have missed out on gains and losses throughout that time obviously if you had invested your real 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 actually how to copy individuals and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your threat profile is now what do i indicate by that certainly 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 just indicates am i okay with possibly losing a great quantity of this investment or acquiring as
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well now remember everything is downs and ups you will earn money you’ll lose money that’s why they make the fact 75 people will lose cash however that equally implies they’ll lose at some point in their journey clearly individuals do make money too and i have actually got videos all about how you can make certain you are among the people to actually generate income but in this scenario ensure you research your danger level would you be okay giving your money to another person which is efficiently what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that dangerous don’t select somebody who’s totally into crypto or currency conversion consider it you ‘d most likely want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you may 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 individuals now it will provide you a lot of choices and you can utilize the system to in fact search for someone that you expensive in fact following so let’s see perhaps we want somebody from joined kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually fulfilled that criteria and it does give you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 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 verify are you fine with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually purchasing so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know 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 understanding what i like to buy my individual stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s likewise got a little bit more um of the sort of primary food companies and you’ve got you know pharmaceutical and production business as that. Can’t Open Position Etoro.
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