On this post you’ll find the answer to Does Etoro Trade Litecoin….Questions that i hear from new financiers what if you’re brand new to investing you simply do not wish to decide what you actually wish to invest and you desire someone to do it for you there’s just a couple of manner ins which that can happen the first of all you can hire an investment portfolio manager they’ll normally charge a quite a high premium to do that possibly one or two percent of your profits will go to them the other thing is of course you can purchase mutual funds particular funds are developed once 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 an overall please remember this platform is quite advanced you can do cfds which obviously cfds are ways of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform do not just presume since i use 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 alternative also so you in fact get used to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in real companies if you pick to in this specific video we’re talking about how to copy other individuals’s investments with your money so undoubtedly your capital is at danger and we have to bear that in mind do not just do something since that person has stated they have actually made revenue 14 months in a row buy these options due to the fact that you believe is the best ones for you and that being stated let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it becomes part of social trading which is one element that is most likely.
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famous for it’s the alternative to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of options and generally whenever they make a trade they purchase they offer whatever they do your cash will be imitated with it so that indicates if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the charges included truly crucial you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real 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 cost websites then might not charge you for really buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know prior to you actually start buying copy trading or copy portfolios and finally some best guidance finest practices if you are considering this as a tool whether you start your journey or your more advanced investor so let’s start with costs actually essential to understand these now on there’s a couple of fees there isn’t charges to do with really buying and selling okay so commission charges are totally free nevertheless there are a couple of other costs the very first one is withdrawal fees so you can obviously put money in now if you’re in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you sell your shares you sell your products 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 obviously understanding that i’m going to make certain that i’m just withdrawing when i definitely need to now you may say okay that’s quite 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 alternatives that they have a great deal of platforms undoubtedly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be maybe even once a year once every 6 months you know depends totally how you’re investing but that is a fee to remember the second fee that i’ve touched upon is that conversion cost now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk which’s great that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps 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 utilizing trading 2 and two open market anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee exists what are they really offering 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 state provide me us dollars instead you have to pay their charges now the great thing about though when you have actually converted your cash you do not need to invest it immediately that dollar value can sit in your portfolio as money 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 takes place now with copy trading and copy portfolios there aren’t any extra fees so that’s actually excellent using that part of their website will not certainly restrict you in any way however we need to be aware of 2 other fees the very first being what’s called spread fees 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 basically the difference that belongs to the financial investment platform between the buy price and the price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually suggests that when you want to buy or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the current price of tesla is the worth of a share what’s called spread fees is the difference then really 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 make money from you each time you do a purchaser’s share so keep that in mind obviously it’s more pricey to purchase 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 happen it simply 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 cash on those spread out charges it’s typically incredibly small it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a bit money now the last task is called an
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overnight fee now this is truly important if you’re in fact utilizing cfds yourself as well an over night charge is when you’re refraining from doing that buy sell transaction in the exact same day alright there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the product and using time one utilize which suggests you’re actually buying the exact property rather than utilizing leverage anyway you won’t get hit with these fees however these costs are if you’re using take advantage of and cfds and after that you’re going to have these charges if you’re not buy selling in the same day so let’s state if you enter into the assistance area this isn’t the over night costs info you can see precisely 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 and that only applies as i stated to cfds there are some added fees obviously depending on what you are buying too this is on your own so keep that in mind however full fees are totally within their aid information alright and we talked about along with free 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 everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any extra charges on top of the regular charges that
are there now what you require to bear in mind though is these possibly handled by other people completely or often have actually created portfolios you have actually got a real person doing the management you need to ensure you choose the individual that’s right for you similar to any line of work this is your monetary possessions so we definitely need to make certain it’s the right 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 have actually got a couple of various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the choice to invest real money 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 will not require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own money however actually purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a terrific alternative for you again to check the theories all right you may want to buy tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it clearly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine money it allows you to build self-confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you choose someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i imply 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 risk simply indicates am i all right with potentially losing a good amount of this investment or acquiring as
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well now keep in mind everything is ups and downs you will earn money you’ll lose money that’s why they make the fact 75 individuals will lose cash but that equally implies they’ll lose at some point in their journey clearly people do make money as well and i have actually got videos all about how you can ensure you are among individuals to in fact earn money but in this circumstance make sure you research your risk level would you be okay giving your money to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not choose somebody who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more conventional 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 say you can in fact utilize this too truly quickly over here you can copy people now it will offer you a great deal of options and you can use the system to in fact look for someone that you fancy really following so let’s see maybe we desire somebody from joined kingdom um who purchases let’s see who does etfs they’ve gained at least 10 yeah that sounds fair that sounds a great amount and i can discover everyone who has actually fulfilled that criteria and it does offer you a danger factor also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
remember it’s like anything to do with the news or predictions of the future this does not suggest somebody 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 basic as clicking the copy button and off you go and after that you understand ask you to confirm are you all right with this and off you go now another way to actually deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech market she’s got a few of mine in fact that i invest in too which is great so in fact 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 appears to be what she chooses she’s likewise got a bit more um of the kind of main food business and you have actually got you know pharmaceutical and production companies as that. Does Etoro Trade Litecoin.
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