On this post you’ll find the answer to Etoro Con….Concerns that i hear from brand-new investors what if you’re brand new to investing you just don’t want to decide what you in fact want to invest and you want someone to do it for you there’s just a number of manner ins which that can take place the firstly you can employ an investment portfolio supervisor they’ll typically charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is of course you can purchase mutual funds particular funds are produced once 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 an overall please keep in mind this platform is quite advanced you can do cfds which naturally cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform do not simply assume due to the fact that i use it that you can use it right now do some due diligence have a little experiment with it even invest with virtual money they consider that alternative too so you actually get used to the structure of the site and after that when you’re ready to utilize 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 buying genuine companies if you choose to in this particular video we’re discussing how to copy other people’s investments with your cash so clearly your capital is at risk and we have to bear that in mind do not simply do something because that person has actually said they have actually made revenue 14 months in a row purchase these options because you believe is the best 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 understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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well-known for it’s the choice to see what other traders are doing incredible we don’t typically get that insight from a lot 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 precisely what that trader is doing or match that precise portfolio of options and essentially whenever they make a trade they purchase they sell whatever they do your cash will be simulated with it so that means if for instance 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 charges involved truly critical you comprehend what are the expenses of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the zero fee sites then might not charge you for really buying and selling funds or etfs specific products private 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 type of charges 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 start purchasing copy trading or copy portfolios and lastly some best recommendations finest practices if you are thinking about this as a tool whether you start your journey or your more advanced financier so let’s begin with charges really crucial to comprehend these now on there’s a couple of costs there isn’t fees to do with actually buying and selling fine so commission costs are complimentary nevertheless there are a number of other charges the first one is withdrawal costs so you can clearly 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 cash so you sell your shares you sell your products whatever you’re selling 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 knowing that i’m going to ensure that i’m just withdrawing when i definitely need to now you might state okay that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge costs someplace and withdrawal charges are just among those alternatives that they have a lot of platforms undoubtedly are totally 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 six months you understand depends completely how you’re investing but that is a charge to bear in mind the 2nd cost that i have actually discussed is that conversion charge now with you’re handling us dollars only there’s not an option to buy in euros or uk and that’s great 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 and even some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re utilizing trading 2 and two free trade anyone at all this is standard they have i suppose stuck to whatever fee they charge for that conversion rate you sort of need to accept you understand if you wish to use their platform go from uk to us then that conversion fee exists what are they in fact offering you in terms of 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 say give me us dollars rather you need to pay their costs now the excellent feature of however when you’ve 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 buy or transform 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 using that part of their website won’t certainly restrict you in any way nevertheless we have to understand 2 other costs the first being what’s called spread charges okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy cost and the 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 really implies that when you wish to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that again so the existing cost of tesla is the worth of a share what’s called spread fees is the difference then in fact to purchase that share on the platform and you’ll find this all over this is another manner in which they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind undoubtedly it’s more costly to purchase than it is to sell so they’re going to give you less back with your sale and you state fine well why does that occur it just 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 want to offer it and that is how they make a little bit of cash on those spread charges it’s normally incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a bit cash now the last accomplishment is called an
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over night charge now this is truly important if you’re actually utilizing cfds yourself as well an overnight cost is when you’re not doing that buy offer transaction in the very same day okay there’s then an over night charge charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re really buying out the etf the stock the commodity and using time one take advantage of which indicates you’re actually buying the exact possession instead of using leverage anyhow you will not get hit with these charges but these charges are if you’re utilizing take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the assistance section this isn’t the over night fees information you can see exactly the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which just applies as i said to cfds there are some service charges naturally depending on what you are buying as well this is on your own so keep that in mind however full costs are totally within their assistance details all right and we talked about in addition to free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of in fact using these copy works they don’t have any additional charges on top of the typical fees that
exist now what you need to remember though is these possibly managed by other people totally or in some cases have produced portfolios you have actually got a genuine person doing the management you have to make sure you select the individual that’s right for you much like any line of work this is your monetary possessions so we definitely 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 utilize this function we’ve got a number of various options for us first of all if you’re brand new to investing i want to draw your attention to this within you have the option to invest real 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 cash 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 cash but actually purchase pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real cash perhaps this is an excellent choice for you once again to test the theories alright you might wish to purchase tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it clearly you may have lost out on gains and losses throughout that time of course if you had actually invested your real cash it allows you to build confidence understand the platform so that’s one option for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i mean 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 just indicates am i fine with potentially losing an excellent quantity of this financial investment or gaining 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 fact 75 people will lose cash but that equally suggests they’ll lose at some time in their journey undoubtedly individuals do make money too and i’ve got videos all about how you can make certain you are among the people to actually make money however in this scenario make certain you research your risk level would you be all right offering your cash to someone else which is effectively what you’re doing and trusting them make sure you comprehend what they’re buying completely if you’re someone who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion think about it you ‘d most likely want a backbone of strong commodities
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like gold and even oil plus more standard etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact use this too actually quickly over here you can copy people now it will provide you a lot of choices and you can use the system to in fact look for someone that you fancy really following so let’s see perhaps we desire somebody from joined kingdom um who purchases let’s see who does etfs they have actually gained a minimum of 10 yeah that sounds fair that sounds an excellent quantity and i can discover everybody who has fulfilled that requirements and it does give you a danger aspect too so it tends to be the higher the number the more riskier they are with their stock investing now obviously there are a number of individuals that have rather high returns
keep 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 chance to guarantee so do keep that in mind and as simple as clicking the copy button and off you go and after that you understand ask you to verify are you all right with this and off you go now another way to actually deep dive if we click on this person for instance ruby mza as an example you can really deep dive into what is she actually 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 great to know ibm paypal yep she’s certainly like type of into those blue box and the tech market she’s got a few of mine really that i purchase too which is good so really for me knowing what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a bit more um of the sort of primary food business and you’ve got you understand pharmaceutical and production business as that. Etoro Con.
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