On this post you’ll find the answer to Does Etoro Trade Ripple….Concerns that i hear from brand-new financiers what if you’re brand new to investing you simply do not wish to choose what you actually wish to invest and you desire someone to do it for you there’s only a number of manner ins which that can happen the first off you can employ a financial investment portfolio manager they’ll normally charge a rather a high premium to do that maybe one or two percent of your profits will go to them the other thing is naturally you can purchase mutual funds particular funds are created 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 remember this platform is rather sophisticated you can do cfds which naturally cfds are methods 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 assume since i utilize 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 alternative also so you actually get utilized 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 obviously your capital is at risk this is investing we’re doing you’re buying real companies if you choose to in this particular video we’re discussing how to copy other people’s financial investments with your money so clearly your capital is at threat and we have to bear that in mind do not just do something since that individual has stated they’ve made earnings 14 months in a row buy these choices because you believe is the best ones for you which being stated let’s dive straight in [Music] so 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 aspect that is most likely.
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well-known for it’s the choice to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i wish to do precisely what that trader is doing or match that precise portfolio of alternatives and generally every time they make a trade they purchase they sell whatever they do your money will be simulated with it so that suggests 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 charges included actually crucial you understand what are the costs of this now with any platform there will be some cost to certainly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for really buying and selling etfs or funds specific products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing 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 fees with in particular in this video the next would be things to understand prior to you really begin purchasing copy trading or copy portfolios and finally some best guidance finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with fees really important to understand these now on there’s a couple of charges there isn’t costs to do with really buying and selling fine so commission fees are free nevertheless there are a couple of other fees the first one is withdrawal costs so you can clearly 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 however when you want to withdraw your cash so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i definitely require to now you might state okay that’s rather pricey and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply one of those options that they have a lot of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you understand depends completely how you’re investing however that is a fee to remember the 2nd cost that i have actually discussed is that conversion fee now with you’re dealing in us dollars just there’s not an alternative to buy in euros or uk and that’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or even some crypto so i’m great with that we have what’s called the fx currency conversion charge now when you utilize anyone so if you’re using trading 2 and two open market anybody this is basic they have i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually 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 offer me us dollars instead you need to pay their charges now the great thing about though when you’ve converted your cash you do not have 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 buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly excellent utilizing that part of their site won’t definitely restrict you in any way however we need to be aware of 2 other costs the first being what’s called spread charges okay and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is essentially the distinction that becomes part of the investment platform in 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 site today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the present rate of tesla is the worth of a share what’s called spread charges is the difference then really to purchase that share on the platform and you’ll discover this everywhere this is another way that they make a percentage of benefit from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you say okay well why does that happen it just 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 offer it and that is how they make a bit of money on those spread out fees it’s normally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last task is called an
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overnight charge now this is actually important if you’re really utilizing cfds yourself also an over night charge is when you’re not doing that buy sell deal in the same day all right there’s then an overnight charge charged or perhaps 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 really buying out the etf the stock the commodity and using time one take advantage of which means you’re actually buying the precise asset rather than using leverage anyway you won’t get hit with these costs but these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy offering in the very same day so let’s state if you enter into the assistance area this isn’t the over night fees details you can see precisely 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 just applies as i said to cfds there are some service charges naturally depending upon what you are investing in too this is on your own so keep that in mind but complete charges are completely within their aid info all right and we talked about as well as free to deposit in however there’s a 5 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 ways of actually using these copy works they don’t have any extra charges on top of the regular fees that
exist now what you require to keep in mind though is these possibly handled by other individuals entirely or sometimes have actually developed portfolios you’ve got a real individual doing the management you need to make sure you choose the individual that’s right for you similar to any line of work this is your financial assets so we definitely need to ensure 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 number of various choices for us first off if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine 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 money that you’re investing you won’t need to put in your credit card information or anything you can basically have this virtual portfolio simulate as if you are using your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your real money perhaps this is a great option 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 option as a way to sort of safe play with it undoubtedly you might have lost out on gains and losses during that time obviously if you had invested your genuine cash it allows you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to remember prior to you choose somebody 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 suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just suggests am i alright with possibly losing a good quantity of this investment or gaining as
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well now remember whatever is downs and ups you will make money you’ll lose money that’s why they make the statistic 75 people will lose cash however that equally implies they’ll lose eventually in their journey certainly individuals do earn money too and i’ve got videos everything about how you can ensure you’re one of the people to really make money however in this scenario make certain you research your risk level would you be okay giving your cash to someone else which is efficiently what you’re doing and trusting them make sure you understand what they’re purchasing completely if you’re somebody who isn’t wanting to be that dangerous do not choose someone who’s entirely into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use 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 in fact look for someone that you fancy actually following so let’s see maybe we desire someone from joined kingdom um who buys let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds an excellent amount and i can discover everybody who has satisfied that criteria and it does offer you a risk aspect also so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not mean 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 easy as clicking the copy button and off you go and then you understand ask you to validate are you fine with this and off you go now another way to really deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she really 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 great to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine really that i buy too which is great so actually for me understanding what i like to invest in 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 prefers she’s likewise got a bit more um of the kind of primary food companies and you have actually got you know pharmaceutical and production companies as that. Does Etoro Trade Ripple.
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