On this post you’ll find the answer to Etoro App For Android….Questions that i hear from new investors what if you’re brand new to investing you just don’t want to decide what you actually want to invest and you want someone to do it for you there’s just a number of manner ins which that can occur the firstly you can hire a financial investment portfolio manager they’ll normally charge a quite a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are produced 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 as well now if you’re brand new to an overall please remember this platform is rather advanced you can do cfds which of course cfds are ways of investing
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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t simply presume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they give that alternative as well so you really get utilized to the structure of the site and after that when you’re ready to utilize your own money to invest you can do so now i will disclaim naturally your capital is at danger this is investing we’re doing you’re purchasing real companies if you pick to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so certainly your capital is at threat and we need to bear that in mind do not just do something because that person has actually said they have actually made profit 14 months in a row buy these choices since you believe is the best ones for you which 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 most likely.
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popular for it’s the choice to see what other traders are doing incredible we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can actually state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and generally every time 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 is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges involved truly critical you comprehend what are the costs of this now with any platform there will be some cost 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 charge websites then might not charge you for actually buying and selling funds or etfs individual products specific stocks.
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there’ll be fees on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort 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 understand before you really start buying copy trading or copy portfolios and finally some finest advice finest practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s start with costs actually crucial to understand these now on there’s a couple of costs there isn’t costs to do with really buying and selling all right so commission charges are free nevertheless there are a number of other fees the first one is withdrawal costs so you can certainly put money in now if you remain 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 wish to withdraw your cash so you sell 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 certain that i’m only withdrawing when i absolutely need to now you may state alright that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just among those choices that they have a great deal of platforms undoubtedly are 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 as soon as every six months you understand depends completely how you’re investing however that is a charge to bear in mind the second fee that i have actually touched upon is that conversion cost now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s fine that matches me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re using trading two and two open market anyone at all this is basic they have actually i suppose stuck to whatever cost they charge for that conversion rate you sort of need to accept you know if you want to utilize their platform go from uk to us then that conversion fee is there what are they really 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 offer me us dollars instead you need to pay their costs now the terrific feature of however when you’ve converted your cash you do not have to invest it right now that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates 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 fees so that’s really excellent utilizing that part of their website won’t certainly limit you in any way however we need to know 2 other charges the very first being what’s called spread charges okay 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 difference that becomes part of the investment platform between the buy rate and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the website right now tesla’s dollar worth 599 per share in tesla that really means that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread charges is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to provide you less back with your sale and you state okay well why does that happen it simply 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 wish to sell it and that is how they make a little bit of cash on those spread fees it’s usually extremely small 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 cash now the last accomplishment is called an
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over night fee now this is really crucial if you’re in fact utilizing cfds yourself as well an over night charge is when you’re not doing that buy offer deal in the exact same day fine there’s then an over night charge charged and even if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which suggests you’re in fact buying the precise possession rather than using take advantage of anyhow you will not get hit with these costs however these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s say if you enter into the assistance area this isn’t the over night fees info you can see exactly the breakdown and it’ll inform you what are the charges what are the charges 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 surcharges naturally depending on what you are purchasing also this is on your own so keep that in mind however full fees are completely within their aid information alright and we talked about as well as free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are two various ways of actually utilizing these copy operates they do not have any extra charges on top of the typical costs that
exist now what you need to keep in mind though is these possibly managed by other individuals completely or often have created portfolios you have actually got a real individual doing the management you have to ensure you select the person that’s right for you just like any kind of work this is your monetary assets so we absolutely need to make certain it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe 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 charge card information or anything you can basically have this virtual portfolio imitate as if you are using your own cash but in fact purchase pretend buy copy people whatever you like if you’re not
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feeling comfy with using your genuine cash maybe this is an excellent option for you once again to check the theories okay you may want to purchase tesla or apple or this etf why not use the virtual option as a way to kind of safe play with it obviously you may have lost out on gains and losses during that time naturally if you had actually invested your real cash it permits you to develop confidence understand the platform so that’s one option for you then next week and i’m going to return 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 before you choose somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your risk profile is now what do i mean by that certainly 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 means am i alright with possibly losing an excellent quantity of this financial investment or acquiring as
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well now keep in mind whatever is ups and downs you will make money you’ll lose money that’s why they make the statistic 75 individuals will lose cash however that similarly implies they’ll lose at some time in their journey undoubtedly people do make money as well and i’ve got videos all about how you can make sure you’re one of the people to in fact make money but in this circumstance make sure you research study your danger level would you be okay giving your money to somebody else which is successfully what you’re doing and trusting them ensure you understand what they’re buying completely if you’re someone who isn’t wanting to be that risky do not choose someone who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong products
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like gold or even oil plus more standard etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually use this too really easily over here you can copy people now it will provide you a great deal of choices and you can utilize the system to in fact look for somebody that you elegant in fact following so let’s see possibly we desire someone from unified kingdom um who invests in let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds a great quantity and i can discover everyone who has met that requirements and it does give you a danger aspect too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as easy as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she in fact buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s absolutely like kind of into those blue box and the tech industry she’s got some of mine really that i buy too which is good so really 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 companies that seems to be what she prefers she’s likewise got a bit more um of the type of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro App For Android.
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