On this post you’ll find the answer to Davi Berg Etoro….Questions that i hear from new investors what if you’re brand new to investing you merely do not want to choose what you really wish to invest and you desire someone to do it for you there’s just a couple of ways that that can take place the firstly you can work with a financial investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific 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 a total please remember this platform is rather sophisticated you can do cfds which naturally cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t just 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 money they consider that alternative too so you in fact get utilized to the structure of the site and after that 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 buying genuine companies if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so undoubtedly your capital is at risk and we need to bear that in mind do not just do something because that person has actually said they have actually made revenue 14 months in a row buy these choices since you believe is the right ones for you which being said let’s dive directly in [Music] The things we’re going to cover in this video is understanding 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 incredible we do not normally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our cash we can really state i want to do exactly what that trader is doing or match that exact portfolio of alternatives and essentially whenever they make a trade they purchase they sell whatever they do your money will be simulated with it so that implies if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved truly vital you understand what are the costs of this now with any platform there will be some cost to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the no charge websites then may not charge you for actually buying and selling etfs or funds private commodities private stocks.
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there’ll be fees on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of costs 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 investing in copy trading or copy portfolios and lastly some finest recommendations best practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s kick off with costs really crucial to understand these now on there’s a couple of fees there isn’t charges to do with in fact buying and selling all right so commission fees are complimentary however there are a couple of other fees the first one is withdrawal costs so you can obviously put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you sell your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you might say alright that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those choices that they have a lot of platforms certainly are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year as soon as every 6 months you understand depends entirely how you’re investing however that is a fee to bear in mind the 2nd fee that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an alternative to buy 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 or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two free trade anyone at all this is basic they have actually i expect stuck with whatever fee they charge for that conversion rate you sort 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 really giving 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 give me us dollars instead you have to pay their costs now the fantastic thing about though when you have actually converted your money you do not need to invest it right away that dollar value can being in your portfolio as cash dollars for as long as you like so that means the preliminary day that you purchase or transform your dollars is the only charge that occurs 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 need to be aware of 2 other costs the first being what’s called spread costs all right and i’m going to reveal you what i mean on now a spread charge as i’m going to show you
on is essentially the distinction that belongs to the 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 website today tesla’s dollar value 599 per share in tesla that actually implies that when you want to buy or offer 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 distinction then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you every time you do a purchaser’s share so keep that in mind certainly it’s more expensive to buy than it is to offer so they’re going to offer you less back with your sale and you say fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction in 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 out fees it’s generally incredibly small it could be a matter of pens matter of cents in there but that’s one location every investment firm will once again make a bit cash now the last feat is called an
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over night charge now this is really crucial if you’re in fact utilizing cfds yourself as well an overnight fee is when you’re refraining from doing that buy offer transaction in the very same day okay there’s then an overnight cost charged and even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one leverage which indicates you’re in fact buying the specific property instead of using utilize anyhow you will not get hit with these costs however these fees are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the help area this isn’t the overnight charges info you can see exactly the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some added fees obviously depending upon what you are purchasing also this is on your own so keep that in mind however full charges are totally within their aid details fine and we spoke about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy functions they do not have any extra costs on top of the normal fees that
exist now what you require to remember though is these potentially handled by other people completely or sometimes have actually developed portfolios you have actually got a real person doing the management you need to ensure you select the person that’s right for you much like any type of work this is your monetary properties so we definitely need to make certain it’s the best person for us before we copy them so the first things i would call it if you do wish to use this function we have actually got a number of various options for us to start with if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can essentially have this virtual portfolio mimic as if you are utilizing your own money but in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine money possibly this is an excellent alternative for you again to test the theories fine you might wish to buy tesla or apple or this etf why not use the virtual choice as a method to type of safe play with it clearly you might have missed out on gains and losses during that time obviously if you had invested your real money it permits you to construct self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your danger profile is now what do i indicate by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply means am i fine with potentially losing a good amount of this financial investment or acquiring as
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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly means they’ll lose at some time in their journey undoubtedly people do earn money also and i’ve got videos everything about how you can ensure you’re one of individuals to in fact make money but in this situation make sure you research study your danger level would you be okay providing your cash to someone else which is successfully what you’re doing and trusting them make sure you comprehend what they’re investing in completely if you’re somebody who isn’t wishing to be that dangerous don’t pick somebody who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can really use this too really quickly over here you can copy people now it will offer you a lot of options and you can use the system to actually look for someone that you fancy really following so let’s see possibly we desire someone from united kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds an excellent quantity and i can find everybody who has actually satisfied that requirements and it does give you a threat element 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 individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not indicate someone 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 verify are you all right with this and off you go now another way to in fact deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s enter 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 certainly like sort of into those blue box and the tech market she’s got some of mine really that i invest in too which is great 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 appears to be what she chooses she’s likewise got a bit more um of the sort of main food companies and you have actually got you know pharmaceutical and production business as that. Davi Berg Etoro.
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