On this post you’ll find the answer to Etoro Account Questions….Questions that i speak with brand-new investors what if you’re brand new to investing you simply do not want to decide what you in fact wish to invest and you desire someone to do it for you there’s only a couple of manner ins which that can occur the first of all you can hire an investment portfolio manager they’ll usually charge a quite a high premium to do that perhaps one or two percent of your profits will go to them the other thing is naturally you can purchase 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 also now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not really having the full amount of capital so with anything that you’re learning more about please do study the platform don’t simply presume due to the fact that i utilize it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you really 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 obviously your capital is at danger this is investing we’re doing you’re buying genuine companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not just do something since that person has stated they’ve made revenue 14 months in a row buy these choices because you think is the right ones for you which being said let’s dive directly in [Music] so the important things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it belongs to 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 normally get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that indicates with our cash we can in fact say i want to do precisely what that trader is doing or match that exact portfolio of options and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates 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 involved really crucial you understand what are the costs of this now with any platform there will be some expense to obviously these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the no cost websites then might not charge you for really buying and selling funds or etfs individual commodities private stocks.
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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand prior to you really start investing in copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s kick off with fees actually important to comprehend these now on there’s a number of fees there isn’t fees to do with actually buying and selling okay so commission charges are free nevertheless there are a couple of other charges the first one is withdrawal charges 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 immediately 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 commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five 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 might state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal charges are just one of those choices that they have a great deal of platforms certainly are totally free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be maybe even once a year when every 6 months you understand depends completely how you’re investing however that is a charge to keep in mind the second fee that i have actually touched upon is that conversion cost now with you’re dealing in us dollars just there’s not a choice 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 anyway or the etfs that i’m buying or even some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and two open market anybody this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you sort 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 really offering 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 offer me us dollars instead you have to pay their fees now the fantastic aspect of however when you have actually converted your cash you do not need to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that means the preliminary 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 additional fees so that’s truly good using that part of their website will not certainly restrict you in any way nevertheless we need to understand 2 other costs the very first being what’s called spread costs all right and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the financial investment platform between the buy cost and the sale 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 indicates that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that once again so the present rate of tesla is the worth of a share what’s called spread charges is the distinction then actually to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you whenever you do a purchaser’s share so keep that in mind certainly it’s more expensive to purchase than it is to offer so they’re going to provide you less back with your sale and you say okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference in between if you’re buying it then you want to offer it which is how they make a little bit of money on those spread out fees it’s typically exceptionally small it could be a matter of pens matter of cents in there but that’s one location every investment company will once again make a bit money now the last task is called an
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overnight cost now this is truly crucial if you’re really using cfds yourself too an overnight fee is when you’re not doing that buy offer deal in the same day okay there’s then an overnight charge charged and even if you go from the friday to the monday before cruising a weekend cost now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one leverage which means you’re actually purchasing the exact asset rather than utilizing take advantage of anyway you will not get hit with these fees but these costs are if you’re using leverage and cfds and then you’re going to have these fees if you’re not buy offering in the same day so let’s state if you go into the assistance area this isn’t the over night costs information 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 overnight or you’re doing over weekends which just uses as i stated to cfds there are some added fees obviously depending upon what you are purchasing as well this is on your own so keep that in mind but complete costs are completely within their help info okay and we spoke about along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of really using these copy works they don’t have any additional fees on top of the regular costs that
are there now what you require to bear in mind though is these potentially managed by other people completely or sometimes have developed portfolios you have actually got a genuine individual doing the management you need to ensure you select the person that’s right for you similar to any kind of work this is your financial properties so we absolutely require to make sure it’s the best individual 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 different options for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual methods i believe you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio imitate as if you are utilizing your own cash but really purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real cash possibly this is an excellent option for you once again to check the theories okay you might want to purchase tesla or apple or this etf why not utilize the virtual option as a method to type of safe have fun with it obviously you might have lost out on gains and losses throughout that time naturally if you had invested your real money it permits you to develop self-confidence understand 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 really how to copy people and copy portfolios now here’s something to bear in mind prior to you pick 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 mean 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 run the risk of just means am i fine with potentially losing a good quantity of this investment or getting as
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well now keep in mind whatever is ups and downs you will earn money you’ll lose money that’s why they make the figure 75 people will lose cash however that equally implies they’ll lose eventually in their journey clearly individuals do earn money too and i have actually got videos all about how you can ensure you’re one of the people to actually make money but in this circumstance ensure you research your danger level would you be alright providing your cash to someone else which is efficiently 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 risky do not select someone who’s completely into crypto or currency conversion think about it you ‘d probably desire a backbone of strong products
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like gold or perhaps oil plus more traditional etfs and index funds you might not want 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 really quickly over here you can copy people now it will provide you a great deal of choices and you can use the system to actually search for someone that you elegant really following so let’s see possibly we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve acquired at least 10 yeah that sounds fair that sounds a good quantity and i can find everybody who has actually fulfilled that criteria and it does offer you a threat factor also 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 quite high returns
bear in mind it resembles anything to do with the news or forecasts 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 way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you understand ask you to validate are you okay with this and off you go now another method to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really investing in so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like kind of into those blue box and the tech industry she’s got a few of mine actually that i buy too which is good so really for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech business that appears to be what she prefers she’s also got a bit more um of the type of primary food companies and you have actually got you understand pharmaceutical and production business as that. Etoro Account Questions.
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