On this post you’ll find the answer to Etoro Bank….Concerns that i speak with brand-new investors what if you’re brand new to investing you just don’t want to decide what you really wish to invest and you want someone to do it for you there’s only a couple of ways that that can take place the firstly you can hire an investment portfolio supervisor they’ll generally 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 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 quite advanced you can do cfds which obviously cfds are ways of investing
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with not really having the total of capital so with anything that you’re finding out about please do study the platform do not just assume because i utilize it that you can utilize it right away do some due diligence have a little play around with it even invest with virtual cash they consider that choice also so you actually get utilized 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 investing in genuine companies if you select to in this specific video we’re talking about how to copy other individuals’s investments with your money so certainly your capital is at threat and we need to bear that in mind do not simply do something because that individual 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 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 probably.
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well-known for it’s the choice to see what other traders are doing extraordinary 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 cash we can actually state i want to do exactly what that trader is doing or match that exact portfolio of options and generally every time 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 cash in so we’re going to likewise cover is the fees included actually important you understand what are the costs of this now with any platform there will be some expense to obviously these are real business 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 sites then might not charge you for in fact buying and selling funds or etfs private products private stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees 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 know prior to you actually begin buying copy trading or copy portfolios and finally some best recommendations best practices if you are thinking of this as a tool whether you begin your journey or your more advanced investor so let’s start with fees truly crucial to understand these now on there’s a couple of costs there isn’t costs to do with in fact buying and selling okay so commission fees are totally free however there are a couple of other charges the very first one is withdrawal charges so you can undoubtedly 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 in the future however when you want to withdraw your money so you offer your shares you sell your commodities whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course understanding that i’m going to make certain that i’m only withdrawing when i absolutely require to now you might say fine that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees somewhere and withdrawal fees are simply among those alternatives that they have a great deal of platforms undoubtedly 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 as soon as every 6 months you know depends totally how you’re investing however that is a fee to remember the 2nd fee that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading two and 2 open market anyone at all this is standard they have actually i suppose stuck with 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 charge exists what are they in fact 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 state offer me us dollars rather you have to pay their charges now the fantastic aspect of however when you’ve transformed 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 implies the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s actually good utilizing that part of their site won’t definitely limit you in any way nevertheless we need to know two other costs the first being what’s called spread charges alright and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is essentially the difference that becomes part of the investment platform in between the buy price and the list price okay it’s their premium on doing both those 2 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 suggests that when you want to purchase 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 costs is the difference then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you state all right well why does that happen it just 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 wish to sell it which is how they make a little bit of money on those spread out costs it’s normally exceptionally little it could be a matter of pens matter of cents in there but that’s one location every investment firm will again make a little bit money now the last feat is called an
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over night charge now this is actually essential if you’re in fact using cfds yourself too an over night fee is when you’re refraining from doing that buy sell deal in the very same day all right there’s then an overnight charge charged and even 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 in fact buying out the etf the stock the product and utilizing time one utilize which indicates you’re really buying the exact possession instead of using leverage anyway you won’t get hit with these costs but these charges are if you’re using leverage and cfds and after that you’re going to have these costs if you’re not buy offering in the exact same day so let’s state if you enter into the assistance section this isn’t the over night costs information 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 and that just uses as i stated to cfds there are some additional charges naturally depending on what you are purchasing as well this is on your own so keep that in mind but complete fees are completely within their aid information okay and we spoke about in addition to totally free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds regular commodity stock shares everything there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of in fact using these copy works they don’t have any extra costs on top of the regular costs that
exist now what you need to keep in mind though is these potentially handled by other people totally or in some cases have created portfolios you have actually got a genuine person doing the management you have to make certain you select the person that’s right for you similar to any kind of work this is your monetary possessions so we definitely need to make certain it’s the best person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives 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 real money or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but actually buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash possibly this is a fantastic option for you again to test the theories all right you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a method to sort of safe have fun with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had actually invested your real money it enables you to build confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy people and copy portfolios now here’s something to bear in mind before you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand 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 financial investments the riskier you can be run the risk of simply means am i okay with possibly losing an excellent quantity of this investment or gaining as
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well now remember whatever is ups and downs you will generate income you’ll lose cash that’s why they make the figure 75 individuals will lose money however that similarly suggests they’ll lose eventually in their journey obviously individuals do make money also and i have actually got videos all about how you can ensure you are among individuals to really make money but in this situation make sure you research your threat level would you be alright giving your money to someone else which is successfully what you’re doing and trusting them ensure you understand what they’re investing in completely if you’re somebody who isn’t wishing to be that risky don’t select someone who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong commodities
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like gold or even oil plus more traditional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i say you can actually utilize this too actually quickly over here you can copy individuals now it will give you a great deal of choices and you can utilize the system to actually look for someone that you elegant really following so let’s see possibly we want someone from united kingdom um who invests in let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can find everybody who has fulfilled that requirements and it does give you a risk factor too so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a number 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 suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no other way to ensure 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 confirm are you all right with this and off you go now another way to actually 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 investing in 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 kind of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is excellent so really for me understanding what i like to purchase my specific stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also 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 Bank.
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