On this post you’ll find the answer to Etoro Banner….Questions that i hear from brand-new financiers what if you’re brand new to investing you simply do not want to decide what you in fact wish to invest and you want somebody to do it for you there’s just a number of manner ins which that can happen the first of all you can hire a financial investment portfolio manager they’ll normally 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 obviously 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 too now if you’re brand new to a total please bear in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing
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with not in fact 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 use it right away do some due diligence have a little experiment with it even invest with virtual cash they give that option as well so you in fact get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at risk this is investing we’re doing you’re investing in genuine business if you select to in this particular video we’re talking about how to copy other people’s investments with your cash so undoubtedly your capital is at threat and we need to bear that in mind do not just do something because that person has said they’ve made earnings 14 months in a row purchase these options due to the fact that you believe is the ideal ones for you and that being stated 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’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 amazing we do not generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact say i wish to do exactly what that trader is doing or match that specific portfolio of options and basically whenever they make a trade they purchase they offer whatever they do your money will be imitated with it so that suggests if for example 10 of their financial 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 costs involved truly crucial you comprehend what are the expenses of this now with any platform there will be some cost 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 charge websites then might not charge you for in fact buying and selling funds or etfs private products individual stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re altering 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 charges with in particular in this video the next would be things to understand prior to you actually begin investing in copy trading or copy portfolios and finally some finest guidance best practices if you are considering this as a tool whether you begin your journey or your advanced investor so let’s start with costs actually crucial to comprehend these now on there’s a number of costs there isn’t charges to do with really buying and selling all right so commission costs are complimentary nevertheless there are a couple of other costs the very first one is withdrawal costs so you can certainly put cash in now if you’re 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 wish to withdraw your cash so you offer your shares you offer your products whatever you’re offering the minimum amount you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to ensure that i’m just withdrawing when i absolutely need to now you might say okay that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal charges are simply one of those alternatives that they have a lot of platforms certainly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends entirely how you’re investing however that is a charge to remember the 2nd charge that i have actually touched upon is that conversion charge now with you’re dealing in us dollars just there’s not an alternative to purchase in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow 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 charge now when you use anyone so if you’re utilizing trading two and two open market anybody this is basic they have actually i expect stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion fee is there what are they really giving 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 provide me us dollars rather you have to pay their charges now the fantastic thing about though when you have actually transformed your money you do not need to invest it immediately that dollar value can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional costs so that’s actually good using that part of their site will not definitely limit you in any way nevertheless we need to know 2 other charges the very first being what’s called spread costs alright and i’m going to reveal you what i mean on now a spread charge as i’m going to reveal you
on is basically the difference that is part of the investment platform between the buy price and the list price all right 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 suggests that when you wish to buy or offer as you can see it’s not the cost you’re seeing up here let me show you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then in fact 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 benefit from you each time you do a buyer’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say all right well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction in between if you’re buying it then you wish to sell it which is how they make a little bit of cash on those spread out charges it’s normally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment firm will again make a little bit cash now the last feat is called an
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over night charge now this is truly important if you’re in fact using cfds yourself also an over night fee is when you’re refraining from doing that buy sell transaction in the very same day all right there’s then an overnight cost charged or even if you go from the friday to the monday prior to sailing a weekend charge now this just applies to cfds so if you’re really buying out the etf the stock the commodity and utilizing time one leverage which implies you’re really buying the specific property rather than using leverage anyhow you won’t get hit with these fees but 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 same day so let’s state if you enter into the assistance area this isn’t the overnight costs details you can see precisely 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 only applies as i said to cfds there are some service charges of course depending upon what you are buying too this is on your own so keep that in mind however complete costs are completely within their aid info alright and we spoke about along with totally free to deposit in however there’s a five 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 charge now another thing to call it as i have actually said copy trading and copy portfolios are 2 different ways of actually using these copy functions they do not have any extra costs on top of the normal fees that
are there now what you require to keep in mind though is these potentially managed by other individuals completely or often have produced portfolios you’ve got a genuine person doing the management you need to make sure you select the individual that’s right for you just like any line of work this is your financial properties so we absolutely need to make certain it’s the ideal individual for us before 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 alternatives for us first of all if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money 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 will not need to put in your charge card details or anything you can generally have this virtual portfolio simulate as if you are using your own money but really purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your real money maybe this is an excellent choice for you once again to test the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual alternative as a way to kind of safe play with it clearly you may have missed out on gains and losses during that time of course if you had actually invested your genuine cash it permits you to construct confidence comprehend the platform so that’s one choice for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually 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 make certain you understand what your danger profile is now what do i imply by that clearly 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 simply means am i alright with potentially losing a good quantity of this investment or getting as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 individuals will lose cash however that equally suggests they’ll lose at some point in their journey certainly people do generate income also and i’ve got videos all about how you can make sure you are among individuals to really make money but in this situation make sure you research your risk level would you be all right offering your money to another person which is effectively what you’re doing and trusting them ensure you understand what they’re buying completely if you’re somebody who isn’t wishing to be that risky do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong products
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like gold or even oil plus more traditional etfs and index funds you may not want some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can really use this too really easily over here you can copy individuals now it will offer you a lot of choices and you can utilize the system to in fact search for someone that you fancy really following so let’s see maybe we desire someone from unified kingdom um who purchases let’s see who does etfs they’ve gotten a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has met that requirements and it does give you a threat aspect 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 people that have quite high returns
bear in mind it resembles anything to do with the news or forecasts 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 way to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and then you know ask you to confirm are you fine 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 really purchasing 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 good to know ibm paypal yep she’s certainly like type of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is good so actually for me knowing what i like to buy my specific stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she chooses she’s also got a bit more um of the type of primary food business and you have actually got you know pharmaceutical and production business as that. Etoro Banner.
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