On this post you’ll find the answer to Etoro Blog Daily….Concerns that i speak with new investors what if you’re brand new to investing you simply don’t wish to decide what you actually want to invest and you want 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 generally charge a quite a high premium to do that perhaps a couple of percent of your profits will go to them the other thing is of course you can buy mutual funds particular funds are produced again with an account supervisor 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 a total please bear in mind this platform is rather innovative you can do cfds which naturally cfds are ways of investing
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with not in fact having the total of capital so with anything that you’re discovering please do study the platform do not simply presume since i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you in fact get utilized to the structure of the website and then when you’re ready to utilize 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 investing in real companies if you choose to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at danger and we need to bear that in mind do not just do something since that individual has said they’ve made revenue 14 months in a row purchase these choices since you think is the best ones for you which being said let’s dive directly 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 element that is most likely.
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well-known for it’s the option to see what other traders are doing extraordinary we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really state i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your cash will be simulated with it so that implies if for example 10 of their financial investment portfolio remains 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 really crucial you comprehend what are the expenses of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then may not charge you for really buying and selling funds or etfs private commodities specific stocks.
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there’ll be charges on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of costs associated so do your due diligence and i’m going to reveal you the charges with in particular in this video the next would be things to understand before you actually start purchasing copy trading or copy portfolios and finally some finest suggestions finest practices if you are thinking about this as a tool whether you start your journey or your advanced investor so let’s start with charges actually crucial to comprehend these now on there’s a number of fees there isn’t charges to do with in fact buying and selling fine so commission costs are complimentary nevertheless there are a couple of other charges the very first one is withdrawal fees so you can certainly put money in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that in the future but when you want 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 understanding that i’m going to ensure that i’m just withdrawing when i absolutely require to now you might state fine that’s quite costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal costs are simply one of those options 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 maybe even once a year once every 6 months you understand depends completely how you’re investing but that is a charge to keep in mind the second cost that i have actually touched upon is that conversion cost now with you’re handling us dollars only there’s not an option to buy in euros or uk which’s great that suits 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 great with that we have what’s called the fx currency conversion charge now when you use anybody so if you’re utilizing trading two and two free trade anybody this is standard they have actually i suppose stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion cost is there what are they actually providing you in terms of 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 need to pay their fees now the excellent feature of though 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 means the preliminary day that you purchase or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s actually good using that part of their site will not definitely restrict you in any way nevertheless we need to be aware of two other fees the first being what’s called spread costs alright and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is basically the difference that becomes part of the financial investment platform in between the buy cost and the sale price fine it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually indicates 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 present rate of tesla is the value of a share what’s called spread fees is the difference then in fact to buy that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you each time you do a purchaser’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread fees it’s usually incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last task is called an
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overnight fee now this is truly important if you’re in fact using cfds yourself as well an overnight fee is when you’re not doing that buy offer transaction in the exact same day alright there’s then an overnight charge charged or 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 really buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re in fact buying the specific possession rather than utilizing take advantage of anyhow you will not get hit with these fees however 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 say if you go into the aid area this isn’t the overnight charges details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just uses as i stated to cfds there are some additional charges obviously depending on what you are buying also this is on your own so keep that in mind but complete costs are entirely within their aid details all right and we talked about along with free to deposit in however there’s a five dollar charge if you wish 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 stated copy trading and copy portfolios are 2 various ways of in fact using these copy functions they don’t have any additional costs on top of the typical fees that
exist now what you need to keep in mind though is these possibly managed by other individuals totally or sometimes have developed portfolios you have actually got a genuine person doing the management you have to make sure you choose the individual that’s right for you just like any type of work this is your financial assets so we definitely need to ensure it’s the right individual for us before 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 various alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the option to invest real cash or a virtual platform virtual methods i think you get yep a hundred thousand dollars to have fun with and it’s not real money that you’re investing you won’t require to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are using your own cash however in fact purchase pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your real money possibly this is a great option for you again to check the theories okay you may want to purchase tesla or apple or this etf why not use the virtual choice as a method to kind of safe have fun with it certainly you may have lost out on gains and losses during that time obviously if you had invested your real cash it allows 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 individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i imply by that certainly 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 risk simply indicates am i all right with possibly losing an excellent quantity of this investment or gaining as
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well now keep in mind whatever is downs and ups you will make money you’ll lose money that’s why they make the figure 75 people will lose money however that equally suggests they’ll lose at some time in their journey undoubtedly people do make money too and i have actually got videos everything about how you can ensure you’re one of the people to in fact make money but in this circumstance make sure you research your danger level would you be alright giving your cash to another person which is successfully what you’re doing and trusting them make certain you comprehend what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous don’t select 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 perhaps oil plus more conventional 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 use this too really easily over here you can copy people now it will give you a great deal of options and you can utilize the system to actually look for somebody that you fancy in fact following so let’s see perhaps we want someone from joined kingdom um who invests in let’s see who does etfs they have actually gained at least 10 yeah that sounds reasonable that sounds a great quantity and i can find everyone who has actually satisfied that requirements and it does give you a danger 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 individuals that have rather high returns
bear in mind it resembles anything to do with the news or predictions of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to validate are you all right with this and off you go now another way to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she really buying so let’s enter 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 know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got a few of mine in fact that i purchase too which is excellent so really for me knowing what i like to invest in 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 also got a little bit more um of the sort of main food business and you have actually got you know pharmaceutical and production business as that. Etoro Blog Daily.