On this post you’ll find the answer to Etoro Account Opening….Questions that i hear from new investors what if you’re brand new to investing you merely don’t want to decide what you in fact wish to invest and you desire someone to do it for you there’s just a number of ways that that can take place the first off you can employ a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps a couple of percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular 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 as well now if you’re brand new to an overall please keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing
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with not in fact 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 use it right now do some due diligence have a little experiment with it even invest with virtual money they give that option also so you really get used to the structure of the site and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re purchasing genuine companies if you select to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so obviously your capital is at risk and we have to bear that in mind do not just do something because that person has actually stated they’ve made earnings 14 months in a row invest in these choices due to the fact that you think is the best ones for you and that being stated let’s dive straight 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 aspect that is most likely.
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popular for it’s the alternative to see what other traders are doing extraordinary we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that implies with our cash we can in fact say i want to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever they make a trade they buy they offer whatever they do your cash will be imitated with it so that suggests 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 also cover is the costs included truly critical you understand what are the expenses of this now with any platform there will be some expense to clearly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the absolutely no fee websites then might not charge you for actually buying and selling funds or etfs private products private stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of fees 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 in fact start buying copy trading or copy portfolios and lastly some finest guidance finest practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with charges really important to comprehend these now on there’s a number of costs there isn’t costs to do with in fact buying and selling all right so commission costs are complimentary however there are a couple of other costs the very first one is withdrawal costs so you can certainly put cash in now if you remain in the uk we put our uk money.
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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 money so you offer your shares you sell your products whatever you’re offering 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 sure that i’m only withdrawing when i absolutely need to now you might state okay that’s quite expensive and i get that however it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are simply among those options that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you know depends totally how you’re investing however that is a cost to remember the 2nd charge that i’ve touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to purchase in euros or uk and that’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading two and 2 free trade anyone at all this is standard they have actually i suppose stuck to whatever fee they charge for that conversion rate you kind of need to accept you understand if you want to use their platform go from uk to us then that conversion fee 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 say give me us dollars rather you need to pay their fees now the great thing about however when you’ve converted your money you do not need to invest it right now that dollar value can sit in your portfolio as cash dollars for as long as you like so that implies the initial 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 additional costs so that’s really excellent utilizing that part of their site will not definitely limit you in any way however we need to be aware of 2 other costs the very first being what’s called spread charges okay and i’m going to reveal you what i indicate on now a spread fee as i’m going to show you
on is essentially the distinction that is part of the financial investment platform in between the buy price and the list price all right 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 implies that when you want to buy or sell as you can see it’s not the cost you’re seeing up here let me show you that once again so the current rate of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll find this all over this is another way that they make a percentage of profit from you every time you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to offer you less back with your sale and you say alright well why does that happen it simply does that is the nature of a lot 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 little bit of cash on those spread fees it’s normally 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 little bit cash now the last accomplishment is called an
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overnight charge now this is actually important if you’re in fact utilizing cfds yourself too an overnight charge is when you’re refraining from doing that buy sell transaction in the same day alright there’s then an overnight cost charged and even if you go from the friday to the monday before sailing a weekend charge 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 really buying the exact property rather than using utilize anyway you won’t get hit with these costs however these costs are if you’re utilizing leverage and cfds and then you’re going to have these charges if you’re not buy selling in the exact same day so let’s say if you enter into the aid section this isn’t the overnight charges info you can see precisely 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 which only applies as i said to cfds there are some service charges obviously depending upon what you are buying as well this is on your own so keep that in mind but complete fees are completely within their help info alright and we talked about along with complimentary to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product 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 two different ways of actually using these copy functions they don’t have any additional charges on top of the typical charges that
are there now what you require to keep in mind though is these potentially managed by other people completely or sometimes have actually created portfolios you have actually got a genuine person doing the management you need to ensure you choose the person that’s right for you much like any line of work this is your financial assets so we absolutely need to make sure it’s the ideal 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 choices 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 cash or a virtual platform virtual means 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 simulate as if you are utilizing your own cash but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine money maybe this is a fantastic choice for you once again to check the theories okay you may wish to purchase tesla or apple or this etf why not use the virtual option as a method to sort of safe have fun with it clearly you may have lost out on gains and losses throughout that time of course if you had invested your genuine money it permits you to construct confidence comprehend 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 keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your risk 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 run the risk of just indicates am i alright with potentially losing an excellent quantity of this financial investment or acquiring 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 means they’ll lose at some point in their journey obviously people do make money as well and i’ve got videos all about how you can ensure you’re one of individuals to in fact make money however in this circumstance make sure you research study your danger level would you be okay giving your cash to somebody else which is successfully what you’re doing and trusting them make sure you comprehend what they’re buying fully if you’re someone 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 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 very same with who you’re following now as i state 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 utilize the system to really search for somebody that you fancy actually following so let’s see perhaps we want someone from unified kingdom um who purchases let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds reasonable that sounds a good amount and i can discover everybody who has actually satisfied that criteria and it does give you a risk 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 number of people that have quite high returns
keep in mind it’s like 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 could make 4 or minus 50 there’s no way to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and after that you understand ask you to verify are you alright with this and off you go now another method 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 buying 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 excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is great so in fact for me understanding what i like to purchase my individual 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 little bit more um of the kind of primary food business and you have actually got you understand pharmaceutical and production business as that. Etoro Account Opening.
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