On this post you’ll find the answer to Etoro Communications Manager….Concerns that i hear from new financiers what if you’re brand new to investing you simply do not want to choose what you actually want to invest and you want somebody to do it for you there’s only a number of manner ins which that can take place the first off you can work with a financial 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 buy mutual funds specific funds are created 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 sophisticated you can do cfds which of course cfds are methods 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 assume because i utilize it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual cash they consider that choice also so you actually 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 naturally your capital is at threat this is investing we’re doing you’re investing in real companies if you choose to in this particular video we’re speaking about how to copy other individuals’s financial investments with your cash so clearly your capital is at threat and we have to bear that in mind do not just do something because that individual has stated they’ve made revenue 14 months in a row invest in these choices since you believe is the right ones for you and that being stated let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is probably.
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famous for it’s the alternative to see what other traders are doing extraordinary we do not typically get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that implies with our money we can in fact state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically whenever 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 investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees included really crucial you understand what are the costs of this now with any platform there will be some cost to clearly these are real business that are investing they’re doing the buying the selling for you there’s going to be charges included and even a few of the no cost websites then might not charge you for in fact buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts perhaps it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of charges associated so do your due diligence and i’m going to reveal you the fees with in particular in this video the next would be things to know before you actually start purchasing copy trading or copy portfolios and finally some best guidance best practices if you are considering this as a tool whether you start your journey or your more advanced financier so let’s kick off with charges really important to comprehend these now on there’s a couple of charges there isn’t charges to do with really buying and selling fine so commission charges are totally free nevertheless there are a number of other charges the very first one is withdrawal fees so you can obviously 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 in the future but when you want to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me of course knowing that i’m going to make sure that i’m just withdrawing when i definitely need to now you might say okay that’s rather pricey 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 just one of those choices that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year when every six months you understand depends totally how you’re investing but that is a charge to bear in mind the 2nd fee that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an option 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 anyway or the etfs that i’m purchasing and even some crypto so i’m excellent 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 2 free trade anyone at all this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you kind of need to accept you know if you want to utilize their platform go from uk to us then that conversion charge exists what are they really providing you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state give me us dollars instead you have to pay their costs now the great feature of however when you have actually transformed your cash you do not need to invest it right now that dollar worth can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you purchase or transform your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great utilizing that part of their site will not certainly limit you in any way however we have to know 2 other charges the very first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread fee as i’m going to reveal you
on is basically the distinction that becomes part of the investment platform between the buy cost and the sale price okay it’s their premium on doing both those two 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 implies that when you want to offer or purchase as you can see it’s not the rate you’re seeing up here let me show you that again so the existing rate of tesla is the worth of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this all over this is another manner in which they make a percentage of benefit from you whenever you do a purchaser’s share so keep that in mind clearly 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 alright 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 offer it which is how they make a 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 however that’s one place every investment company will once again make a little bit money now the last accomplishment is called an
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overnight charge now this is actually crucial if you’re in fact using cfds yourself as well an overnight charge is when you’re not doing that buy sell deal in the very same day fine there’s then an overnight cost charged or perhaps if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and using time one utilize which suggests you’re in fact buying the specific possession rather than using utilize anyway you won’t get hit with these fees however these fees are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy selling in the very same day so let’s state if you enter into the aid area this isn’t the overnight costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that just applies as i stated to cfds there are some service charges obviously depending upon what you are buying as well this is on your own so keep that in mind however full charges are entirely within their help details okay and we spoke about along with free to deposit in however there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds regular product stock shares everything there’s that five dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different methods of really using these copy works they don’t have any extra fees on top of the typical costs that
exist now what you need to remember though is these possibly managed by other individuals completely or sometimes have actually created portfolios you’ve got a genuine individual doing the management you need to make sure you pick the person that’s right for you much like any profession this is your financial assets so we absolutely need to make sure it’s the right individual for us before we copy them so the first things i would call it if you do want to use this function we’ve got a number 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 choice to invest real money or a virtual platform virtual means 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 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 genuine cash maybe this is a terrific choice for you once again to evaluate the theories alright you may wish to buy tesla or apple or this etf why not use the virtual option as a way to sort of safe play with it obviously you might have lost out on gains and losses throughout that time obviously if you had invested your real cash it enables you to build 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 individuals 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 sure you understand what your danger profile is now what do i mean by that clearly 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 suggests am i fine with potentially losing an excellent quantity of this financial 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 fact 75 individuals will lose money however that equally suggests they’ll lose eventually in their journey undoubtedly individuals do generate income also and i’ve got videos all about how you can make certain you’re one of individuals to really earn money but in this circumstance make sure you research your risk level would you be fine offering your cash to someone else which is effectively what you’re doing and trusting them make certain you understand what they’re investing in completely if you’re someone who isn’t wanting to be that dangerous do not choose someone who’s completely into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more conventional 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 really use this too truly quickly over here you can copy people now it will give you a great deal of choices and you can use the system to really search for someone that you fancy in fact following so let’s see maybe we want someone from united kingdom um who invests in let’s see who does etfs they’ve gotten at least 10 yeah that sounds reasonable that sounds a good quantity and i can discover everybody who has actually satisfied that requirements and it does provide you a danger factor 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 individuals that have rather high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they might make four or minus 50 there’s no chance 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 way to really deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she really purchasing so let’s enter into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s certainly like sort 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 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 business that appears to be what she prefers she’s likewise got a bit more um of the sort of main food business and you’ve got you understand pharmaceutical and production companies as that. Etoro Communications Manager.
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