On this post you’ll find the answer to Does Etoro Safe….Concerns that i speak with new investors what if you’re brand new to investing you just do not wish to decide what you really wish to invest and you desire somebody to do it for you there’s just a number of manner ins which that can happen the to start with you can hire a financial investment portfolio manager they’ll generally charge a rather a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific 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 too now if you’re brand new to a total please bear in mind this platform is quite sophisticated 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 finding out about please do study the platform don’t just assume since i utilize it that you can utilize it immediately 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 naturally 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 individuals’s investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something because that individual has actually said they have actually made revenue 14 months in a row buy these choices due to the fact that you think is the ideal ones for you and that being stated let’s dive straight 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 element that is probably.
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well-known for it’s the option to see what other traders are doing incredible we do not normally get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can really state i wish to do precisely what that trader is doing or match that precise portfolio of options and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies if for example 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 also cover is the fees involved truly crucial you understand what are the costs of this now with any platform there will be some expense to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the absolutely no cost sites then might not charge you for really buying and selling funds or etfs private commodities individual stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing 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 fees with in particular in this video the next would be things to understand before you in fact begin buying copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking of this as a tool whether you start your journey or your more advanced investor so let’s start with fees really crucial to understand these now on there’s a couple of charges there isn’t fees to do with really buying and selling okay so commission costs are complimentary nevertheless there are a number of other fees the first one is withdrawal fees so you can certainly put cash in now if you’re in the uk we put our uk cash.
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and it’s automatically converted into us dollars and i’ll cover a little point about that later but when you want to withdraw your cash so you sell your shares you sell your commodities whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you might state alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those choices that they have a great deal of platforms certainly are complimentary 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 when every 6 months you understand depends completely how you’re investing however that is a cost to remember the second charge that i have actually touched upon is that conversion fee now with you’re dealing in us dollars only there’s not an option to buy in euros or uk which’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading two and 2 free trade anyone at all this is standard they have i expect stuck with whatever charge they charge for that conversion rate you kind of have 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 providing you in regards to 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 need to pay their fees now the great aspect of however when you have actually converted your cash you do not need to invest it right away that dollar value can being in your portfolio as money dollars for as long as you like so that indicates 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 extra fees so that’s really excellent utilizing that part of their site will not definitely limit you in any way nevertheless we need to know 2 other costs the first being what’s called spread fees okay and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy cost and the sale price fine 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 worth 599 per share in tesla that actually suggests that when you wish to sell or buy 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 actually to purchase 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 each time you do a purchaser’s share so keep that in mind clearly it’s more pricey to buy than it is to offer so they’re going to offer you less back with your sale and you state fine well why does that occur it just does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of cash on those spread charges it’s normally incredibly little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a bit money now the last feat is called an
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overnight fee now this is actually important if you’re actually utilizing cfds yourself as well an overnight fee is when you’re not doing that buy offer transaction in the exact same day alright there’s then an over night cost charged or even if you go from the friday to the monday prior to sailing a weekend fee now this just applies to cfds so if you’re in fact buying out the etf the stock the product and using time one utilize which implies you’re really buying the precise asset rather than utilizing take advantage of anyway you won’t get hit with these fees but these charges 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 say if you enter into the aid area this isn’t the over night charges details you can see exactly 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 only uses as i said to cfds there are some surcharges naturally depending upon what you are buying too this is on your own so keep that in mind but complete costs are totally within their help info fine and we discussed in addition to complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve stated copy trading and copy portfolios are two various methods of actually utilizing these copy works they don’t have any additional fees on top of the regular costs that
exist now what you require to keep in mind though is these possibly managed by other individuals entirely or in some cases have actually developed portfolios you have actually got a genuine person doing the management you need to ensure you select the person that’s right for you just like any type of work this is your financial properties so we absolutely require to ensure it’s the best individual for us before 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 various options for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun 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 basically have this virtual portfolio mimic as if you are utilizing your own money however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is an excellent option for you once again to check the theories all right you may wish to purchase tesla or apple or this etf why not utilize the virtual option as a way to kind of safe have fun with it clearly you may have missed out on gains and losses during that time of course if you had invested your genuine cash it enables you to develop confidence understand the platform so that’s one alternative for you then next week and i’m going to go back 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 remember prior to you select someone that you’re going to copy or a portfolio you’re going to copy make certain you comprehend what your danger profile is now what do i imply by that undoubtedly 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 simply indicates am i alright with potentially losing a great amount of this investment or gaining as
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well now keep in mind whatever is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 people will lose cash however that equally suggests they’ll lose eventually in their journey clearly individuals do generate income as well and i have actually got videos all about how you can make sure you are among individuals to actually generate income but in this situation make sure you research your risk level would you be alright offering your cash to another person which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing totally if you’re someone who isn’t wanting to be that risky don’t choose somebody who’s totally into crypto or currency conversion think of it you ‘d probably desire a backbone of strong commodities
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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 same with who you’re following now as i state you can really utilize this too actually quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to actually look for someone that you fancy in fact following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a good quantity and i can find everyone who has fulfilled that criteria and it does offer you a threat element as well 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 people that have rather high returns
keep in mind it resembles anything to do with the news or forecasts of the future this does not imply someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you alright 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 in fact deep dive into what is she in fact purchasing 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 good to know ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is excellent so actually for me knowing what i like to purchase my specific 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 likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production business as that. Does Etoro Safe.
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